Cosmetics are products or substances used to enhance the appearance of the skin and body. Some cosmetics are made up of natural sources like coconut oil, but majority of cosmetics are made by mixtures of chemical compounds. The cosmetics product includes all products like lipstick, perfume, concealer, moisturizer, hair dye, soap, and others. Cosmetic chemicals are used in the production of cosmetics product to enhance properties, appearance, and shelf-life of the products. It is the main component that used for the preparation of personal care products.
There are many chemicals used for the preparation of cosmetics. Some of these are ammonium lauryl sulfate, talc, formaldehyde, alcohols, lanolin, and mineral oil/waxes. Cosmetic chemicals provide functional and physical properties to personal care products like make-up cosmetics, lotions, creams, conditioners, and shampoos. Some chemicals in cosmetics may cause allergic reactions. Some of the chemicals in personal care and cosmetics products are toxic such as 1,4-dioxane, butyl acetate, butylated hydroxytoluene, coal tar, diethanolamine, and mercury. These chemicals may be hazardous to health.
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Cosmetic Chemicals Market Demand:
Factors such as rise in aging population, increase in disposable incomes, and rise in demand for anti-aging and skincare cosmetics are expected to offer global cosmetic chemicals market growth. Further, increased level of pollution, rise in focus on aesthetic appearance, and increased usage of chemicals for the production of cosmetics are the factors that boost the growth of the global cosmetic chemicals market. However, stringent regulations against use of toxic chemicals and increase in demand for organic products made from natural ingredients limit the growth of the global cosmetic chemicals market. Furthermore, some cosmetic chemicals may have adverse effect such as genetic mutation, birth defects or reproductive harm, genetic mutation and cancer, which also restrain the growth of the global market. The growth opportunities for cosmetics chemicals market is the R&D manufacturers are doing with the aim of developing advanced and diverse product portfolio.
cosmetic chemicals market Segments:
The global cosmetic chemicals market size is segmented based on function, application, and region. Based on function, the global cosmetic chemicals market is classified into surfactants, preservatives, antioxidants, plasticizers, cleansing agent, moisturizing agent, coloring agent, thickening agents, conditioning agent, and others. On the basis of application, the market is divided into skin care, hair care, perfumes & fragrances, oral care, and others. There is a rise in demand for skin care products due to increase in safety concerns regarding skin and superior UV absorbing properties. Based on region, the global cosmetic chemicals market is studied across North America, Europe, Asia-Pacific, and LAMEA.
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Cosmetic Chemicals Market Leading Players:
Key players operating in the global cosmetic chemicals market are Solvay SA, Croda International Plc, The Dow Chemical Company, Ashland, BASF SE, Huntsman International LLC., Lonza Group Ltd., Eastman Chemical Company, Evonik Industries AG, and Clariant International Ltd.
Key Benefits For Stakeholders:
- The market size has been analyzed across all regions
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
- The report outlines the current cosmetic chemicals market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study
- The market analysis covers in-depth information of major industry participants
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This post was originally published on Trading Herald