May 09, 2022
According to the industry analysis 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, which amassed a valuation of USD 19.38 billion in 2020, is anticipated to garner notable gains during 2021-2026.
Rising consumer awareness of beauty and skincare products coupled with increasing demand for products containing active ingredients are the key factors driving the growth of the global cosmetic chemicals market.
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For those unaware, cosmetic chemicals are general ingredients used in cosmetic and personal care products. Technological innovation and growing demand for natural ingredients are also stimulating the overall industry outlook.
Based on type, the market is further divided into polymer ingredients, preservatives, surfactants, and others. Among these, the polymer ingredients segment holds the largest market share and is expected to witness considerable growth over the forecast timeline owing to the rising addition of polymers to personal care and cosmetic chemicals which in turn enhances the water resistance and other long-term features of numerous products.
Moving on to the application spectrum, the market is segmented on the basis of skincare, makeup, haircare, and others. Out of these, the skincare segment accounts for the largest share in gkibak cosmetic chemicals marketplace primarily attributed to the retail sector’s rising penetration, increase in demand for anti-aging products among the middle-aged population, and rising consumer awareness.
Regionally, the Asia-Pacific market is expected to expand substantially during the forecast period, on account of increasing skincare demand in the region as well as rising per capita income in countries like India and China.
The leading companies operating in the global cosmetic chemicals market include Eastman Chemical Company, FMC Corporation, Givaudan, Lonza Group AG, Evonik Industries AG, Dow Chemical Company, BASF SE, Clariant International Limited, Ashland Inc., and Akzo Nobel N.V.