Cosmetic Chemicals Market Growth, COVID Impact, Trends Analysis Report Forecast to 2032
The global cosmetic chemicals market is worth US$ 15.89 Bn as of now and expected to reach US$ 26.84 Bn by the year 2032 at a CAGR of 5.4% between 2022 and 2032. Ingredients most commonly used in cosmetics are inclusive of preservatives, emulsifiers, moisturizers, thickeners, fragrances, and colors. They could be devised either naturally or synthetically.
One could also derive synthetic chemicals from the natural products like bio- or petroleum-based ingredients. However, manufacturing process involved in synthesizing these chemicals is pretty complex. Moreover, as they are ‘derived’, they are categorized as synthetic. The natural products are inclusive of microbial, animal, mineral, and plant.
Elevance Renewable Sciences, Inc. is a manufacturer of specialty chemicals that develops as well as markets the emollients formulated by using the patented technology from various plant-based products for usage in cosmetics, skin lotions, and hair styling products.
Constructive disruption in cosmetic chemicals market is expected to take place through incorporation of technological advancements. On these grounds, Givaudan is making use of plant cell culture as well as phyto peptides technology for developing skin care products.
“Growing demand for cosmetic products, that too, formulated with various natural ingredients is expected to drive the cosmetic chemicals market”, says an ****yst from Future Market Insights.
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Competitive Chemicals
Knowlton Development Corporation, in February 2020, announced that it had completed acquisition of Shanghai Paristy Daily Chemicals.
Knowlton Development Corporation (KDC/ONE), in December 2019, entered into partnership with HCT Group for creating end-to-end solutions provider for catering to personal care & beauty vertical. The latter is a leader at the global level with respect to provision of full-service solutions of the cosmetic products related to production, filling, design, formulation, and logistics.
Companies do take part in several events as well as exhibitions for promoting the product portfolio and improvising on customer base. On these grounds, Solvay (a multi-specialty chemical company) had attended ‘In-Cosmetics London 2017’ for showcasing company’s formulations related to hair, skin, and body care.
Key Segments Profiled in the Cosmetic Chemicals Industry Survey
Product:
Cosmetic Surfactants
Cosmetic Polymer Ingredients
Cosmetic Colorants
Cosmetic Preservatives
Application:
Cosmetic Chemicals for Skin Care
Cosmetic Chemicals for Hair Care
Cosmetic Chemicals for Make-Up Applications
Cosmetic Chemicals for Oral Care
Cosmetic Chemicals for Fragrances
Cosmetic Chemicals for Other Applications
What does the Report get through?
The research study is based on product (cosmetic surfactants, cosmetic polymer ingredients, cosmetic colorants, and cosmetic preservatives), and by application (cosmetic chemicals for skin care, cosmetic chemicals for hair care, cosmetic chemicals for make-up applications, cosmetic chemicals for oral care, cosmetic chemicals for fragrances, and cosmetic chemicals for other applications).
Urge to improve appearance and looks is expected to take the cosmetic chemicals market at a greater stride in the years to come.
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