Sunscreen Chemicals in the Global Cosmetic Chemical Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Sunscreen Chemicals in the Cosmetic Chemical Market Trends and Forecast

The future of sunscreen chemicals in the global cosmetic chemical market looks promising with opportunities in the offline and online distribution. The growth of sunscreen chemicals in the global cosmetic chemical market is expected to reach an estimated $1.8 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are growing cases of skin care and skin disorders, increasing consumer awareness about skin protection against the UV rays of the sun, and emerging demand for organic and natural skin care products, globally.

A more than 150-page report is developed to help in your business decisions.

Sunscreen Chemicals in Cosmetic Chemical Market by Segment

The study includes trends and forecast for sunscreen chemicals in the global cosmetic chemical market by form, distribution channel, and region, as follows:

Sunscreen Chemicals in Cosmetic Chemical Market by Form [Value ($B) Shipment Analysis from 2017 to 2028]:

• Cream
• Gel
• Lotion
• Liquid
• Spray
• Lip Balm
• Wipes
• Sticks
• Others

Sunscreen Chemicals in Cosmetic Chemical Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:

• Offline
• Specialty Stores
• Drug Stores
• Hypermarket/Supermarket
• Online
• Company-Owned Website
• E-commerce Websites

Sunscreen Chemicals in Cosmetic Chemical Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Sunscreen Chemicals in Cosmetic Chemical Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, sunscreen chemical companies in the global cosmetic chemical market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sunscreen chemical companies in the global cosmetic chemical market profiled in this report include:

• SOLVAY SA
• Croda International PLC
• Evonik Industries AG
• Stepan Company
• Symrise
• Ashland

Sunscreen Chemicals in Cosmetic Chemical Market Insights

• Lucintel forecasts that lotion will remain the largest form segment over the forecast period as it has high moisture content that helps in hydrating the skin and counteracting the drying effect of sun exposure.
• Offline is expected to remain the larger distribution segment because it enables consumers to touch, smell, and test the products before making a purchase from a wide range of availability.
• North America will remain the largest region due to increasing demand for organic and natural formulations and growing awareness of harmful effects of prolonged sun exposure among consumers in the region.

Features of Sunscreen Chemicals in the Cosmetic Chemical Market

• Market Size Estimates: Sunscreen chemicals in the cosmetic chemical market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Sunscreen chemicals in the cosmetic chemical market size by various segments, such as by form, distribution channel, and region
• Regional Analysis: Sunscreen chemicals in the cosmetic chemical market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different forms, distribution channels, and regions for sunscreen chemicals in the global cosmetic chemical market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for sunscreen chemicals in the global cosmetic chemical market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

• Q1. What is the global cosmetic chemical market size in terms of sunscreen chemical usage?
• Answer: The global cosmetic chemical market in terms of sunscreen chemical usage is expected to reach an estimated $1.8 billion by 2028.
• Q2. What is the growth forecast for sunscreen chemicals in the global cosmetic chemical market?
• Answer: The global cosmetic chemical market in terms of sunscreen chemical usage is expected to grow with a CAGR of 5.6% from 2023 to 2028.
• Q3. What are the major drivers influencing the growth of sunscreen chemicals in the global cosmetic chemical market?
• Answer: The major drivers for this market are growing cases of skin care and skin disorders, increasing consumer awareness about skin protection against the UV rays of the sun, and emerging demand for organic and natural skin care products globally.
• Q4. What are the major segments for sunscreen chemicals in the global cosmetic chemical market?
• Answer: The future of the sunscreen chemicals in the global cosmetic chemical market looks promising with opportunities in offline and online distribution.
• Q5. Who are the key sunscreen chemical companies in the global cosmetic chemical market?
• Answer: Some of the key sunscreen chemical companies in the global cosmetic chemical market are as follows:
  • SOLVAY SA
  • Croda International PLC
  • Evonik Industries AG
  • Stepan Company
  • Symrise
  • Ashland
• Q6. Which sunscreen chemicals in the global cosmetic chemical segment will be the largest in future?
• Answer:Lucintel forecast that lotion will remain the largest segment over the forecast period as it has high moisture content that helps in hydrating the skin and counteracting the drying effect of sun exposure.
• Q7. In sunscreen chemicals in the global cosmetic chemical market, which region is expected to be the largest in next 5 years?
• Answer: North America will remain the largest region due to increasing demand for organic and natural formulations and growing awareness of harmful effects of prolonged sun exposure among consumers in the region.
• Q8. Do we receive customization in this report?
• Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for sunscreen chemicals in the global cosmetic chemical market by form (cream, gel, lotion, liquid, spray, lip balm, wipes, sticks, and others), distribution (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?