Reports And Data

Cosmetic Chemicals Market Size – USD 21.01 Billion in 2020, Market Growth – at a CAGR of 4.9%. Increasing disposable income in developing countries

NEW YORK CITY, NY, UNITED STATES, April 11, 2022 /EINPresswire.com/ -- The global Cosmetic Chemicals Market size is expected to reach USD 31.04 Billion in 2028 and register a CAGR of 4.9% over the forecast period, according to the latest report by Reports and Data. Increasing disposable income among consumers in developing countries, growing preference for anti-aging products, rising demand for cosmetic products formulated using non-toxic ingredients, availability of personalized cosmetics, and rising expenditure on premium cosmetic products are some key factors driving market revenue growth. Cosmetic chemicals are a combination of chemical compounds that are obtained from different synthetic sources. Cosmetic chemicals are used to enhance physical and functional qualities of personal care products such as creams, shampoos, conditioners, lotions, toners, and makeup cosmetics.

Some of the major functions of cosmetic chemicals are moisturizing, cleansing, and coloring. Cleansing segment is expected to register a relatively faster revenue CAGR throughout the forecast period. This can be attributed to increasing demand for clearer skin, and rising awareness about the adverse effects of dust on skin. Increasing investment by private investors in cosmetics research and development activities and rising focus on development of active ingredients for cosmetics are some key factors expected to drive revenue growth of the global cosmetic chemicals market over the forecast period.

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Major players in the market report include Dow, Bayer AG, Ashland Inc., Eastman Chemical Company, Akzo Nobel NV, BASF SE, Lanxess, P&G Chemicals, Solvay S.A., and Evonik Industries AG.

Some Key Highlights From the Report:

In August 2021, Jowell Global announced its cooperative relationship with Hope Bio-Technology. This partnership will help both companies to develop new cell-tech based skincare products, cosmetics, health and nutrition supplements.

Emollients & moisturizers segment accounted for the largest revenue share in global market in 2020. This can be attributed to rising preference for soft and moisturized skin and growing demand for face creams, lotions, and lipsticks.

North America accounted for largest revenue share in the global market in 2020. Robust presence of key market players and rising investment by private investors in cosmetics research and development activities are some major factors driving revenue growth of the market in this region.

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For the purpose of this report, Reports and Data has segmented the cosmetic chemicals market based on products, application, function, and region:

Products Outlook (Revenue, USD Billion; 2018-2028)

Surfactants

Film Formers

Emollients & Moisturizers

Preservatives

Colorants & Pigments

Emulsifying & Thickening Agents

Single-Use Additives

Application Outlook (Revenue, USD Billion; 2018-2028)

Hair Care

Skin Care

Oral Care

Color Cosmetics

Toiletries

Function Outlook (Revenue, USD Billion; 2018-2028)

Moisturizing Agent

Cleansing Agent

Coloring Agent

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Regional Outlook (Revenue, USD Billion; 2018-2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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About Reports and Dat
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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