Overview and Scope
Cosmetic chemicals are a blend of chemical compounds obtained from synthetic sources as well as natural sources. They are the main ingredients used for the formulation of personal care or cosmetic products.
Sizing and Forecast
The cosmetic chemicals market size has grown strongly in recent years. It will grow from $19.01 billion in 2023 to $20.2 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to consumer demand for beauty products, changing beauty standards, globalization and urbanization, marketing and branding strategies, regulatory changes and safety standards.
The cosmetic chemicals market size is expected to see strong growth in the next few years. It will grow to $25.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing emphasis on natural and organic products, health and wellness trends, global economic and demographic changes, regulatory compliance and safety standards. Major trends in the forecast period include rise of clean beauty, customization and personalization, focus on health and wellness, sustainable packaging and practices, inclusivity and diversity..
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Segmentation & Regional Insights
The cosmetic chemicals market covered in this report is segmented –
1) By Product Type: Surfactants, Emollients and Moisturizers, Colorants and Pigments, Preservatives, Emulsifying and Thickening Agents
2) By Application: Perfumes and Fragrances, Hair Care and Skincare, Color Cosmetic Chemicals, Other Applications
North America was the largest region in the cosmetic chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global cosmetic chemicals market during the forecast period. The regions covered in the cosmetic chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing popularity of hair and skin care products is expected to propel the growth of the cosmetic chemicals market going forward. A skin care product means a cosmetic preparation, which may be antiseptics, tonics, lotions, creams, or otherwise, massaging, cleansing, stimulating, manipulating, performing non-invasive hair removal, beautifying, or similar work on the body of any person. Hair and skin care products are items created to beautify, protect, and change the appearance of bodies’ external features. Cosmetic chemical is a major ingredient used in the hair and skin care products. For instance, according to Zippia Inc., a US-based company that provides online recruitment services, in 2021, Skincare products makeup over 42% of the worldwide cosmetics market, and Just under half of the worldwide cosmetics market is made up of the sale of various skincare products. Products for hair care make up around 24% of the global market, just behind skincare. Therefore, the increasing popularity of hair and skin care products will continue to drive the growth of the cosmetic chemicals market.
Key Industry Players
Major companies operating in the cosmetic chemicals market report are Dow Chemical Company, Givaudan SA, Ashland Global Holdings Inc., Eastman Chemical Company, Lonza Group Limited, BASF SE, Lanxess AG, P&G Chemicals, Solvay SA, Evonik Industries AG, Bayer AG, Croda International plc, Stephan Company, Symrise AG, Cargill Inc., Lubrizol Corporation, Cobiosa, Genomatica Inc., Pharmacos, Wacker Chemie AG, Synthomer plc, Celanese Corporation, Arkema Inc., ARLANXEO Holding BV, Apcotex Industries Limited, Asahi Kasei Corporation, KCC Corporation, Bluestar Silicones USA Corp., Clariant AG, Huntsman Corporation, Momentive Performance Materials Inc., Nippon Shokubai Co. Ltd., OMNOVA Solutions Inc., Shin-Etsu Chemical Co. Ltd.
The cosmetic chemicals market report table of contents includes:
1. Executive Summary
2. Cosmetic Chemicals Market Characteristics
3. Cosmetic Chemicals Market Trends And Strategies
4. Cosmetic Chemicals Market – Macro Economic Scenario
5. Global Cosmetic Chemicals Market Size and Growth
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31. Global Cosmetic Chemicals Market Competitive Benchmarking
32. Global Cosmetic Chemicals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cosmetic Chemicals Market
34. Cosmetic Chemicals Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Dow Chemical Company
Givaudan SA
Eastman Chemical Company
Lonza Group Limited
BASF SE
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