Global Cosmetic Chemicals Market Overview 2023-2028
The global cosmetic chemicals market size reached US$ 14.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.55% during 2023-2028.
Cosmetic chemicals are substances employed in the formulation of cosmetic and personal care items to achieve a variety of desired attributes, such as texture, color, fragrance, stability, and preservation. These substances encompass a diverse array of ingredients, including talc, formaldehyde, alcohols, lanolin, Ammonium lauryl sulphate (ALS), mineral oil or waxes, as well as a wide range of components like emollients, surfactants, preservatives, colorants, fragrances, thickeners, and antioxidants. They can be sourced from nature, synthesized in a laboratory, or a combination of both methods. Meticulously chosen and blended, these components are used to craft products that enhance appearance, promote hygiene, and contribute to overall well-being.
Global Cosmetic Chemicals Market Trends and Drivers:
The global demand for cosmetic chemicals is being propelled by several key factors. Firstly, the expanding influence of social media platforms and the heightened awareness individuals have regarding their physical appearance are significant drivers. Additionally, the surging popularity of natural and organic skincare and cosmetic products is accelerating the need for cosmetic chemicals sourced from natural origins. Furthermore, the rising demand for gender-neutral cosmetic items and the increasing emphasis on anti-aging products, particularly among aging populations, are positively impacting the market. Moreover, the growing sales of premium-quality skincare and cosmetic products, including shampoos, shaving creams, lip balms, toothpaste, skin moisturizers, and deodorants through e-commerce channels, are fueling market growth.
Global Cosmetic Chemicals Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Ashland Global Specialty Chemicals Inc., BASF SE, Bayer Aktiengesellschaft, Cargill Incorporated, Croda International plc, Dow Inc., Eastman Chemical Company, Evonik Industries AG (RAG-Stiftung), Givaudan SA, Solvay S.A., Symrise AG, The Lubrizol Corporation (Berkshire Hathaway Inc.) and The Procter & Gamble Company
The report segmented the market on the basis of region, product type and application.
Breakup by Product Type:
- Polymer Ingredients
Breakup by Application:
- Skin Care
- Hair Care
- Oral Care
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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