Posted by Global Cosmetic Chemicals Market Overview 2023-2028
Cosmetic chemicals are substances used in the formulation of cosmetic and personal care products to provide various desired properties such as texture, color, fragrance, stability, and preservation. They consist of talc, formaldehyde, alcohols, lanolin, Ammonium lauryl sulphate (ALS), and mineral oil or waxes. They encompass a wide range of ingredients, including emollients, surfactants, preservatives, colorants, fragrances, thickeners, and antioxidants. They can be derived from natural sources, synthesized in a laboratory, or a combination of both. They are carefully selected and blended to create products that enhance appearance, hygiene, and overall well-being.
The global cosmetic chemicals market size reached US$ 14.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.55% during 2023-2028.
Global Cosmetic Chemicals Market Trends and Drivers:
The increasing influence of social media platforms and the rising consciousness among individuals about their physical appearance represents one of the primary factors driving the demand for cosmetic chemicals around the world. Moreover, the growing popularity of natural and organic skincare and cosmetic products is catalyzing the need for cosmetic chemicals derived from natural sources. In addition, the increasing demand for gender-neutral cosmetic products and the growing focus on anti aging products among aging populations is influencing the market positively. Apart from this, the rising sales of premium quality skincare and cosmetic products, such as shampoos, shaving creams, lip balms, toothpaste, skin moisturizers, and deodorants via e-commerce channels is propelling the growth of the market.
Global Cosmetic Chemicals Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Ashland Global Specialty Chemicals Inc., BASF SE, Bayer Aktiengesellschaft, Cargill Incorporated, Croda International plc, Dow Inc., Eastman Chemical Company, Evonik Industries AG (RAG-Stiftung), Givaudan SA, Solvay S.A., Symrise AG, The Lubrizol Corporation (Berkshire Hathaway Inc.) and The Procter & Gamble Company
The report segmented the market on the basis of region, product type and application.
Breakup by Product Type:
- Surfactants
- Polymer Ingredients
- Colorants
- Preservatives
Breakup by Application:
- Skin Care
- Hair Care
- Make-Up
- Oral Care
- Fragrances
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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