Cosmetic Chemicals - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Cosmetic Chemicals Market is accounted for $26.68 billion in 2019 and is expected to reach $42.52 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Rising disposable income of individuals and increasing purchasing power are the major factors driving the market growth. However, rising demand of natural ingredients is restraining the market growth.
Cosmetic chemicals are class of chemicals which are utilized as ingredients or formulation in various cosmetic products such as skin care, hair care, color cosmetics, etc. Manufacturers are largely focusing on organic cosmetic ingredients to meet consumer demand for organic cosmetic products.
Based on application, the skin care segment is likely to have a huge demand due to its growing demand among the individuals owing to rising consciousness about healthy skin and skin care. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to growing consumer base along with increasing disposable income, improved lifestyle, and increased spending on beauty products consciousness about physical appearance among individuals in emerging countries such as India, China in the region.
Some of the key players profiled in the Cosmetic Chemicals Market include Akzo Nobel, Ashland, BASF, Bayer, Croda International Plc (UK), Clariant International Ltd (Switzerland), Dow Chemical, Eastman Chemical, Evonik Industries, Givaudan, Lanxess, Lonza, Procter & Gamble, Solvay and Symrise AG (Germany).
• Direct Sales
• Amino Acids
• Botanical Extracts
• Cleansing agent & Foamers
• Coloring Agent
• Moisturizing Agent
• Essential Oils
• Fatty Chemicals
• Inorganic Chemicals
• Petroleum Products
• Emollients & Moisturizers
• Processing Aids
• Rheology Modifiers
• Single Use Additives
• Thickening Agents
• UV Absorbers
• Specialty Additives
• Other Products
• Color Cosmetics
• Hair Care
• Oral Care
• Perfume & Fragrance
• Skin Care
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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