Cosmetic Chemicals Market - Forecasts from 2024 to 2029

Description

The cosmetic chemicals market is expected to grow at a CAGR of 4.28%, reaching a market size of US$37.727 billion in 2029 from US$28.133 billion in 2022.

Cosmetic chemicals are a blend of chemical substances that have been synthesized. They are the most common ingredients used in personal care and cosmetic products. Synthetic dyes, surfactants, rheology control chemicals, emulsifiers, emollients, and preservatives are all common ingredients in cosmetic products.

Rising demand for organic grade cosmetic chemicals

Organic grade cosmetic chemicals are in high demand due to rising demand for cosmetics created with natural ingredients and greater R&D for product innovation. Furthermore, the rising demand for luxury cosmetics is being driven by rising worries about healthy skin, physical appearance, age spots, and hair loss, as well as changing hairstyling trends. Most men and women are increasingly interested in cosmetic items. Despite an exceptional supply problem in 2020, the global cosmetics sector grew, according to L'Oreal S.A., and enjoyed a considerable rebound in the latter part of the year, driven by strong consumer demand. The growth in household disposable income in developing nations helps this even more. Furthermore, a rise in cosmetics manufacturers' advertising and commercialization spending on luxury personal grooming, skincare, haircare, and beauty treatments would boost cosmetic chemical sales.

The emollient category is estimated to hold the largest section in the cosmetic chemicals market by product.

Emollients soothe the skin by keeping it hydrated. They are utilized in various personal care and cosmetics products, including body lotions, moisturizers, skin creams, and lipsticks, which fuel market expansion. These emollients are available in both natural and synthetic forms. Olive oil, coconut oil, beeswax, and lanolin are common emollients, as are petroleum jelly, mineral oil, glycerin, zinc oxide, etc.

Skincare is predicted to lead the worldwide cosmetic chemicals market by application.

The worldwide demand for skin care products is driven by an increasing youth population, higher purchasing ability among urban households, and a preference for a refined lifestyle. The sector has seen a shift in demand from elderly consumers to a younger consumer base that is rising. People are becoming more self-aware of themselves, and as a result, they are beginning to use skin care products at a younger age to prevent the indications of ageing. Due to the continued growth of the skin care sector, several smaller manufacturers have entered the market to take advantage of the lucrative opportunities. Throughout the projected period, such positive factors are likely to accelerate the market for skin care products and, thus, the demand for cosmetic chemicals.

Asia Pacific is expected to take the lead in terms of market share

The rising fashion and entertainment industries in emerging nations such as India, China, and South Korea have increased demand for cosmetics, which is likely to fuel the region's cosmetic chemicals market. Moreover, with increased shelf space in retail stores and boutiques across India, the personal care and cosmetics sector is likely to rise. Furthermore, according to a survey conducted by Assocham, one of India's leading trade groups, the cosmetics, beauty, and grooming market in the country is predicted to reach US$ 20 billion by 2025. During the forecast period, such factors are likely to drive the usage of cosmetic chemicals in the county

Market key launches

In September 2023, BASF Personal Care introduced a sustainably sourced cosmetic ingredient that improves beauty and self-confidence in people with blemish-prone skin. Regardless of their gender, age, or ethnicity, customers worldwide are impacted by this skin condition. The traits are numerous, varying from spots and blemishes to shiny skin and enlarged visible pores.
In April 2022, Hydrolite 8 green, an eco-friendly cosmetic multipurpose and 100 percent bio-based caprylyl glycol was announced by Symrise. Symrise is creating it using proprietary technology. The high purity USDA Biobased, COSMOS, and NaTrue approved neat ingredient performs well with both natural and traditional cosmetic formulations.

Segmentation:

By Product

Surfactants
Emollients
Preservatives
Thickening Agents
Additives
Polymers
Powders, Colorants, and Pigments
Others

By Application

Skin Care
Hair Care
Makeup
Perfumes and Fragrances
Oral Care
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Indonesia
Thailand
Taiwan
Others

Product Code: KSI061610060

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings
3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers
- 4.3.2. Bargaining Power of Buyers
- 4.3.3. Threat of New Entrants
- 4.3.4. Threat of Substitutes
- 4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View

5. COSMETIC CHEMICALS MARKET, BY PRODUCT

5.1. Introduction
5.2. Surfactants
- 5.2.1. Market Trends and Opportunities
- 5.2.2. Growth Prospects
- 5.2.3. Geographic Lucrativeness
5.3. Emollients
- 5.3.1. Market Trends and Opportunities
- 5.3.2. Growth Prospects
- 5.3.3. Geographic Lucrativeness
5.4. Preservatives
- 5.4.1. Market Trends and Opportunities
- 5.4.2. Growth Prospects
- 5.4.3. Geographic Lucrativeness
5.5. Thickening Agents
- 5.5.1. Market Trends and Opportunities
- 5.5.2. Growth Prospects
- 5.5.3. Geographic Lucrativeness
5.6. Additives
- 5.6.1. Market Trends and Opportunities
- 5.6.2. Growth Prospects
- 5.6.3. Geographic Lucrativeness
5.7. Polymers
- 5.7.1. Market Trends and Opportunities
- 5.7.2. Growth Prospects
- 5.7.3. Geographic Lucrativeness
5.8. Powders, Colorants, and Pigments
- 5.8.1. Market Trends and Opportunities
- 5.8.2. Growth Prospects
- 5.8.3. Geographic Lucrativeness
5.9. Others
- 5.9.1. Market Trends and Opportunities
- 5.9.2. Growth Prospects
- 5.9.3. Geographic Lucrativeness

6. COSMETIC CHEMICALS MARKET, APPLICATION

6.1. Introduction
6.2. Skin Care
- 6.2.1. Market Trends and Opportunities
- 6.2.2. Growth Prospects
- 6.2.3. Geographic Lucrativeness
6.3. Hair Care
- 6.3.1. Market Trends and Opportunities
- 6.3.2. Growth Prospects
- 6.3.3. Geographic Lucrativeness
6.4. Makeup
- 6.4.1. Market Trends and Opportunities
- 6.4.2. Growth Prospects
- 6.4.3. Geographic Lucrativeness
6.5. Perfume and Fragrances
- 6.5.1. Market Trends and Opportunities
- 6.5.2. Growth Prospects
- 6.5.3. Geographic Lucrativeness
6.6. Oral Care
- 6.6.1. Market Trends and Opportunities
- 6.6.2. Growth Prospects
6.7. Others
- 6.7.1. Market Trends and Opportunities
- 6.7.2. Growth Prospects

7. COSMETIC CHEMICALS MARKET, BY GEOGRAPHY

7.1. Introduction
7.2. North America
- 7.2.1. By Product
- 7.2.2. By Application
- 7.2.3. By Country
  - 7.2.3.1. USA
    - 7.2.3.1.1. Market Trends and Opportunities
    - 7.2.3.1.2. Growth Prospects
  - 7.2.3.2. Canada
    - 7.2.3.2.1. Market Trends and Opportunities
    - 7.2.3.2.2. Growth Prospects
  - 7.2.3.3. Mexico
    - 7.2.3.3.1. Market Trends and Opportunities
    - 7.2.3.3.2. Growth Prospects
7.3. South America
- 7.3.1. By Product
- 7.3.2. By Application
- 7.3.3. By Country
  - 7.3.3.1. Brazil
    - 7.3.3.1.1. Market Trends and Opportunities
    - 7.3.3.1.2. Growth Prospects
  - 7.3.3.2. Argentina
    - 7.3.3.2.1. Market Trends and Opportunities
    - 7.3.3.2.2. Growth Prospects
  - 7.3.3.3. Others
    - 7.3.3.3.1. Market Trends and Opportunities
    - 7.3.3.3.2. Growth Prospects
7.4. Europe
- 7.4.1. By Product
- 7.4.2. By Application
- 7.4.3. By Country
  - 7.4.3.1. United Kingdom
    - 7.4.3.1.1. Market Trends and Opportunities
    - 7.4.3.1.2. Growth Prospects
  - 7.4.3.2. Germany
    - 7.4.3.2.1. Market Trends and Opportunities
    - 7.4.3.2.2. Growth Prospects
  - 7.4.3.3. France
    - 7.4.3.3.1. Market Trends and Opportunities
    - 7.4.3.3.2. Growth Prospects
  - 7.4.3.4. Italy
    - 7.4.3.4.1. Market Trends and Opportunities
    - 7.4.3.4.2. Growth Prospects
  - 7.4.3.5. Spain
    - 7.4.3.5.1. Market Trends and Opportunities
    - 7.4.3.5.2. Growth Prospects
  - 7.4.3.6. Others
    - 7.4.3.6.1. Market Trends and Opportunities
    - 7.4.3.6.2. Growth Prospects
7.5. Middle East and Africa
- 7.5.1. By Product
- 7.5.2. By Application
- 7.5.3. By Country
  - 7.5.3.1. Saudi Arabia
    - 7.5.3.1.1. Market Trends and Opportunities
    - 7.5.3.1.2. Growth Prospects
  - 7.5.3.2. Israel
    - 7.5.3.2.1. Market Trends and Opportunities
    - 7.5.3.2.2. Growth Prospects
  - 7.5.3.3. Others
    - 7.5.3.3.1. Market Trends and Opportunities
    - 7.5.3.3.2. Growth Prospects
7.6. Asia Pacific
- 7.6.1. By Product
- 7.6.2. By Application
- 7.6.3. By Country
  - 7.6.3.1. China
    - 7.6.3.1.1. Market Trends and Opportunities
    - 7.6.3.1.2. Growth Prospects
  - 7.6.3.2. Japan
    - 7.6.3.2.1. Market Trends and Opportunities
    - 7.6.3.2.2. Growth Prospects
  - 7.6.3.3. India
    - 7.6.3.3.1. Market Trends and Opportunities
    - 7.6.3.3.2. Growth Prospects
  - 7.6.3.4. South Korea
    - 7.6.3.4.1. Market Trends and Opportunities
    - 7.6.3.4.2. Growth Prospects
  - 7.6.3.5. Indonesia
    - 7.6.3.5.1. Market Trends and Opportunities
    - 7.6.3.5.2. Growth Prospects
  - 7.6.3.6. Thailand
    - 7.6.3.6.1. Market Trends and Opportunities
    - 7.6.3.6.2. Growth Prospects
  - 7.6.3.7. Taiwan
    - 7.6.3.7.1. Market Trends and Opportunities
    - 7.6.3.7.2. Growth Prospects
  - 7.6.3.8. Others
    - 7.6.3.8.1. Market Trends and Opportunities
    - 7.6.3.8.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. BASF SE
9.2. PPG Industries (Akzo Nobel N.V.)
9.3. Ashland
9.4. Archroma (Huntsman International LLC)
9.5. Solvay S.A.
9.6. Procter and Gamble
9.7. Evonik Industries AG
9.8. The Dow Chemical Company
9.9. Bayer AG
9.10. United-Guardian, Inc.
9.11. L'Oreal S.A.