Cosmetic Chemicals defined as the chemicals used in cosmetics. Chemicals are the main ingredients that are incorporated into the cosmetics for different purposes like: skin types, different allergies, & mainly according to the need of the customer. The cosmetics manufactures are drastically preferring the change of chemicals to organic chemicals due to increasing adoption towards ancient & pure cosmetics & scents. Some of the chemicals used in cosmetics are: acetone, acetyl hexapeptide-3, macadamia oil, malic acid, marula oil, behentrimonium chloride, bimatoprost, rice bran wax etc.
Cosmetic Chemicals Market: Key Players
The research study includes profiles of leading companies operating in the global Cosmetic Chemicals market. Key players profiled in the report include: Dow, Givaudan, Ashland Inc., Eastman Chemical Company, Lonza Group, BASF SE, Lanxess, P&G Chemicals, Solvay S.A., Evonik Industries AG and Bayer AG.
Drivers for the Global Cosmetic Chemicals Market:
Rising demand for Cosmetic Chemicals due to increasing customer preferences towards cosmetic products that are made using natural organic chemicals or materials, elevated demand for premium skin care products for individuals with different skin needs, increasing availability of baby/infant care products using mild chemicals is increasing the demand of the products, growing awareness towards body care for personal health and increasing number of body & skin care clinics is escalating the need for well formulated body care products. Hence these are the major drivers of the market & are going to increase the growth & disposable income of the market.
Opportunities for the Global Cosmetic Chemicals Market:
Moreover, demand for custom made cosmetic products globally, growing consciousness among individuals regarding physical appearance, increasing dermatological conditions is in turn increasing the need for special medicated products, rising demand for anti-ageing products and availability of products based on age group and skin type is increasing the options for the buyers to purchase the products. Hence these factors are increasing the opportunities for the future growth of the market.
Restrains for the Global Cosmetic Chemicals Market:
However, the chemicals are produced & manufactured through complex processes & can be synthetic in nature and increasing adoption towards natural chemical free products. Hence these factors can hamper the growth of the market.
Region Wise, Global Cosmetic Chemicals Market Analysis:
North America held a major share in the market due to investment in technology, general economic conditions, presence of well-known cosmetic brands, increasing manufacture of organic products that are cost-effective and increasing expenditure on research & development by manufacturers. Besides Europe and Asia-Pacific held a large share in the market.
Covid-19: Impact and Recovery Analysis for Global Cosmetic Chemicals Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Cosmetic Chemicals market globally. Most of the industries and businesses like: cosmetic chemicals are shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. For instance, the Cosmetic Chemical manufacturers are promoting the manufacture of hand sanitizers that are organic & smooth on the hands.
Global Cosmetic Chemicals Market: Product analysis
- Emollients & Moisturizers
- Colorants & Pigments
- Emulsifying & Thickening Agents
- Single-Use Additives
Global Cosmetic Chemicals Market: Application analysis
- Skin Care
- Hair Care
- Oral Care
Global Cosmetic Chemicals Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East