Global Cosmetic Chemicals Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Cosmetic chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Cosmetic chemicals market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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.
Cosmetic chemicals refer to substances utilized in formulating cosmetic and personal care items, aiming to achieve specific attributes like texture, color, scent, stability, and preservation. These substances encompass elements such as talc, formaldehyde, alcohols, lanolin, Ammonium lauryl sulfate (ALS), mineral oil, or waxes. They comprise a diverse array of components, including emollients, surfactants, preservatives, colorants, fragrances, thickeners, and antioxidants. These ingredients can be naturally sourced, synthesized in a lab, or a combination of both. Their careful selection and combination are instrumental in creating products that enhance appearance, hygiene, and overall well-being.
Global Cosmetic Chemicals Market Trends and Drivers:
The surge in the influence of social media platforms and heightened awareness regarding physical appearance are key drivers fueling the global demand for cosmetic chemicals. Additionally, the rise in popularity of natural and organic skincare and cosmetic items is spurring the requirement for cosmetic chemicals sourced from natural origins. Furthermore, the escalating desire for gender-neutral cosmetic items and a heightened focus on anti-aging products among aging demographics are exerting a positive impact on the market. Moreover, the increasing sales of high-quality skincare and cosmetic products, including shampoos, shaving creams, lip balms, toothpaste, skin moisturizers, and deodorants, through e-commerce platforms are driving market growth.
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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