How is Flourishing Global Beauty Industry Catalyzing Cosmetic Chemicals Demand Growth The global cosmetic chemicals market is poised to top US$ 30 Bn by 2031, expanding at above 6% CAGR, according to a latest report published by Fact.MR. Growth is primarily fueled by a flourishing global cosmetics industry, as consumers augment spending on personal care products amid surging disposable incomes. Historically, sales of cosmetic chemicals increased at a CAGR of a little under 5% to reach a valuation of almost US$ 20 Bn by 2019. The market surpassed US$ 21 Bn in 2020; however, COVID-19-induced depression limited prospects in the first half of the previous fiscal. Massive store closures declined cosmetic products sales, disrupting the supply of cosmetic chemicals for further production. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=6399 Future sales prospects are expected to be majorly influenced by heavy consumption of organic cosmetics. As sustainability concerns aggrandize, consumers are consciously weaning away from inorganic cosmetic products, preferring natural alternatives. Growth is especially poignant across the skincare & haircare products segment, with major cosmetic giants striving to offer 100% organic products. Key Takeaways from Market Study
Skincare & haircare to emerge as primary application areas, accounting for over 30% revenue By product, emollients, skincare & moisturizers to remain top-selling, reaching nearly US$ 11 Bn by 2031 Demand for surfactants and single-use additives to collectively expand at over 11% CAGR until 2031 Organic cosmetic chemicals comprise bulk of U.S. sales, reaching almost US$ 6 Bn in 2020 Market in China to reach a valuation of nearly US$ 7 Bn by 2031, expanding at nearly 9% CAGR by 2031 Japan and Canada are other noteworthy markets, expanding at CAGRs exceeding 3% and 5%, respectively
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=6399 Key Segments Covered in Market Study Application
Cosmetic Chemicals for Perfumes & Fragrances Cosmetic Chemicals for Haircare & Skincare Color Cosmetic Chemicals Cosmetic Chemicals for Other Applications
Type
Cosmetic Chemical Emollients, Film Formers & Moisturizers
Cosmetic Chemical Surfactants Single Use Cosmetic Chemical Additives Cosmetic Chemical Carriers, Powders & Colorants Cosmetic Chemical Thickening Agents Other Cosmetic Chemical Types
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/6399 Market Competition Prominent cosmetic chemical manufacturers in Fact.MR’s report include Akzo Nobel NV, Ashland Global Holdings Inc., BASF SE, Clariant International Ltd., Dow Inc., Firmenich SA, Givaudan SA, International Flavors & Fragrances Inc., LANXESS AG, Lonza Group Limited, and P&G Chemicals, among others.
In April 2021, BASF SE introduced the Sacred Patch® skincare active ingredient which helps boost emotional well-being, endowed with the latest MicroPatch® technology, and is 99.2% natural origin. It possesses outstanding moisturizing capabilities, stimulating oxytocin release. In November 2019, Clariant International Ltd. acquired a 10% stake in French cosmetic ingredients manufacturer Plant Advanced Technologies for the purpose of developing new premium products in the active ingredients business portfolio.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/newsrelease/2020/04/02/2010847/0/en/Sales-of-Organic-Pigments-to-be-Buoyed-by-Application-in-PrintingInks-Demand-for-High-performance-Pigments-Picking-up-Says-Fact-MR-in-a-New-Study.html About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates Email: sales@factmr.com Visit Our Website: https://www.factmr.com