""Cosmetic Raw Materials Market is expected to grow with the CAGR of 3.75% over the forecast period""
Cosmetic Raw Materials Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2026- Factors such as presence of a dynamic supply chain and manufacturers of cosmetic products are driving the market growth.
The products which are used to change the appearance of the face, or texture for the body are mainly known as cosmetics. Many of these cosmetics are designed for the used to apply them on face and body. Generally these cosmetics are made up with mixtures of chemical compounds derived from natural sources such as coconut oil or may be synthetic or artificial. The raw material used to manufacture the cosmetics are oily materials such as wax esters, oils, ester oils and surface active agents are used as solubilizing agents, emulsifiers and many others. The thickening agents, Humectants, film formers as well as polymers are used as powders, antioxidants, ultraviolet absorbents, sequestering agents, coloring agents such as dyes and pigments along with vitamins, pharmaceutical agents such as plant extracts and perfume.
The Cosmetic Raw Materials Market is segmented into product type, application and region & country level. On the basis of product type, the market is segmented into active ingredients, aesthetic materials, surfactants and solvents, synthetic and natural. On the basis of application, the market is segmented into skin care, makeup, perfume, and sunscreen and other.
The regions covered in this Cosmetic Raw Materials Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Cosmetic Raw Materials is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Globally Manufacturers such as BASF, Evonik, Givaudan, Dow, Firmenich, International Flavors & Fragrances, Nippon Seiki, AkzoNobel, Solvay, Lonza, Croda, Lubrizol, AAK Personal Care, Eastman, Symrise, Kao, Ashland, Innospecinc, Stepan, DSM, Seppic, Jarchem, Clariant, Galaxy Surfactants, Follower's Song, Tinci Materials, Zhejiang Zanyu, Guangzhou DX Chemical, Shanghai Delta Industry, Guangzhou Startec and others are contributing in the Market Growth.
On September 3rd, 2019; the German chemical major Evonik Company announced its partnership with the University of California San Diego’s Center for the Microbiome Innovation (CMI). The aim of this partnership is to research and develop cosmetic raw materials for a healthier skin microbiome. The focus of this three year partnership is to investigate the potential of existing cosmetic raw materials and also focus on improving and developing new ones that provide better skin protection, including microbiotics. The chemical specialists will explore model systems for the skin microbiome to accelerate systematic evaluation of raw material under this partnership. Dr. Peter Boinowitz, senior vice president and general manager of Evonik’s Business line Care and Solutions said that the partnership would enable the company to dive deeper into the fascinating field of the skin microbiome and it would also enable the firm to realize the vast potential of its technology platform and create and commercialize improved products.
Increasing Demand for Cosmetics Products is One of the Major Factors Driving the Cosmetics Raw Material Market Growth.
According to Cosmetics Europe; the personnel care association, Abut full 96% of consumers told them for good health and a further 94% for personal hygiene Cosmetics products are important or very important to their quality of life and cosmetics and personal care products play a vital daily role in health and hygiene or simply to look good and feel more confident. Hence, the demand for cosmetics products increased among consumers. This is one of the major factors driving the cosmetic raw material market growth. These cosmetic products are composed of many of raw materials. However, the high cost of the raw material from suppliers may hamper the market growth.
North America is Expected to Dominate the Global Cosmetic Raw Material Market.
Geographically, North America region is expected to dominate the global cosmetic raw material market due to presence of major cosmetic manufacturers in this region. Europe is anticipated to capture the second position in this market owing to the high per capita spending power of consumers on cosmetic products. Asia Pacific is expected to witness a fastest growth in the market owing to the increasing urbanization coupled with the growing desire for skin care in this region.
Key Benefits for Global Cosmetic Raw Materials Market Report–
|Years :||2019||Market Size in 2019:||US$ XX Billion|
|Market Historical Analysis:||2015-2019||Forecast Analysis:||2020-2026|
|Forecast Period CAGR %:||3.75%||Market Size Expected to reach in 2026:||US$ XX Billion|
|Pages:||200||Tables, Charts & Figures:||170|
|Top Companies:||BASF, Evonik, Givaudan, Dow, Firmenich, International Flavors & Fragrances, Nippon Seiki, AkzoNobel, Solvay, Lonza, Croda, Lubrizol, AAK Personal Care, Eastman, Symrise, Kao, Ashland, Innospecinc, Stepan, DSM, Seppic, Jarchem, Clariant, Galaxy Surfactants, Follower's Song, Tinci Materials, Zhejiang Zanyu, Guangzhou DX Chemical|
|Market Segmentation:||Product Type, Application|
|Regional Analysis:||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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