According to the research report titled ‘Global Cosmetic Chemicals Market: Analysis By Type (Polymer Ingredients, Surfactant, Preservatives, Others), Application By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global cosmetic chemicals market was worth USD 19.38 billion in 2020 and is anticipated to witness a healthy CAGR over 2021-2026.

As per expert’s prediction, growing consumer awareness about beauty and skincare products, as well as preference for products containing active ingredients, and rising demand for natural components are the major growth catalysts for global cosmetic chemicals market.

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For the unversed, the most common ingredients used in personal care and cosmetic goods are cosmetic chemicals, which are a blend of synthetically created chemical compounds. Cosmetics contain a variety of substances such as rheology control agents, colourants, surfactants, emollients, emulsifiers, and preservatives.

Based on type terrain, polymer ingredients segment holds a significant industry share at present, as addition of these ingredients in personal care products like sun care, hygiene, skin care, hair fixative & film forming, and colour cosmetics improves lifespan and water resistance.

In terms of application spectrum of worldwide cosmetic chemicals industry, skin care segment holds a sizable revenue share at present, due to flourishing retail sector in emerging nations as well as increasing demand for anti-aging products among the middle-aged population, and rising consumer awareness of ever-changing beauty trends.

Regionally, the industry trends are studied across North America (U.S., Canada), Europe (Italy, Germany, France, United Kingdom), and Asia Pacific (China, India, Japan, South Korea).

Among these, Asia Pacific market is slated to grow at a rapid pace over the forecast timeline, on account of various skincare applications of the product, and growing purchasing power of customers in countries like China and India.

Coming to the competitive hierarchy, Akzo Nobel N.V., BASF SE, Ashland Global Specialty Chemicals Inc., Evonik Industries AG, Lonza Group AG, Clariant International Limited, Givaudan, FMC Corporation, Dow Chemical Company, and Eastman Chemical Company are the leading players influencing the global cosmetic chemicals market outlook.