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Global cosmetic chemicals market Size 2021 On Going Trends, Business Opportunity, Share, Growth Strategy and Future Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Global cosmetic chemicals market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global cosmetic chemicals market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Cosmetic chemicals are the main ingredients that are used for the preparation of personal care products. Cosmetics have been used since the late civilizations on the account of improving looks and appearance. In recent years the use of ingredients in the cosmetics industry have changed drastically due to evolving technology and formulas, which are being introduced by cosmetic manufacturers. Different minerals were used to produce colors by the ancient Egyptian aristocracy to give the description to their facial features. In late era, especially during the time of Greeks, it was very common to use face paints for beautification and oil based perfumes for soothing aroma. The major applications of these chemicals include skin care products, hair care products, color cosmetics, makeup, toiletries and oral care among others. 

Market Size and Forecast

The global cosmetic chemicals market is estimated to expand at a CAGR of over 4% during 2017 to 2027. The market was valued to be of worth USD 22.4 Billion in 2016, and is expected to reach around USD 33.6 Billion by the end of 2027. The market trends that the cosmetic industry follow globally include globalization of cosmetic products, increased use of non-traditional distribution channels and growing interest in cosmetics. The major international companies such as L’Oreal, Unilever and Procter & Gamble are investing hugely in cosmetic which is expanding the market.

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The global cosmetic chemicals market is segmented on the basis of type, function and end user. Moreover, on the basis of type, the market can be segmented into emollients, surfactants, antioxidants and preservatives, rheology modifiers and polymers. Surfactants is the major product segments accounting for the major market share in 2016 on the account of increasing application in skincare and makeup products. These chemicals are widely used to prevent the microbial growth in cosmetics.

By region, global Cosmetic Chemicals Market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America dominated the global cosmetic chemical market on the account of growing consumer spending on cosmetic products coupled with increasing disposable income in this region. Asia Pacific on the account of rapidly increasing population, rapid urbanization and changing lifestyle in developing nations such as China, and India in this region will foster market growth during the forecast period.

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Market Segmentation

Our in-depth analysis segmented the global cosmetic chemicals market in the following segments:

By Type


Surfactants
Polymers
Emollients
Antioxidants and Preservatives
Rheology Modifiers
By Function

Cleansing agent
Moisturizing Agent
Coloring Agent
By End User

Skin Care
Hair Care
Makeup Care
Oral Care
By Region

Global cosmetic chemicals market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Growth Drivers and Challenges

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Rising demand for skincare and anti-aging cosmetics is one of the factors that are driving global cosmetic chemicals market. The increased usage of natural and organic cosmetics will increase the market of cosmetic chemicals during the forecasted period. Growing consumer spending on cosmetics and toiletry products is one of the crucial factors that drive the market. Top players in the cosmetics market have been shifting their R&D goals towards developing organic grade cosmetics chemicals that can be produced by using petroleum oils and commodity surfactants. Extensive demand for innovative and premium skin lightening ingredients is anticipated to push growth opportunities for cosmetics chemicals manufacturers in near future. The other driving factors of the cosmetic industry include rising demand from the ethnic groups for beauty products that are customized according to their needs. Moreover, rising expenditure on cosmetic products coupled with increasing awareness for organic personal care products among the young population is also expected to fuel demand for cosmetic chemicals market.

However, increasing demand for naturally produced ingredients may block the growth of the cosmetic chemicals market globally. However, growing health concerns regarding ingredient toxicity are expected to hinder the market growth during the forecast period.

Key Players

Akzo Nobel NV
Ashland Inc
BASF SE
Berkshire Hathaway Inc.
Bayer AG
Clariant International Limited
Dow Chemical Company
Eastman Chemical Company
Evonik Industries AG
Emery Oleochemicals Group
FMC Corporation
Pilot Chemical Company
Procter & Gamble Company
Solvay SA
United-Guardian Incorporated

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

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