Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Cosmetic Chemicals Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Cosmetic Chemicals Market?
The market size for cosmetic chemicals has been consistently expanding in the past few years. It is predicted to rise from a value of $20.06 billion in 2024 to $20.96 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%.
What Is the Forecasted CAGR for the Cosmetic Chemicals Market by 2029?
The Cosmetic Chemicals market is anticipated to increase to a valuation of $27.18 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%.
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What Are the Market Drivers in the Cosmetic Chemicals Industry?
The key Drivers in the cosmetic chemicals market are:
• Rising popularity of hair and skin care products
• Use of cosmetic chemicals in beautification and protection products
• Increased use of cosmetic chemicals in non-invasive hair removal products
• Growth in beauty industry sales with a focus on skin and hair care
What Is the Segment-Wise Breakdown of the Cosmetic Chemicals Market?
The cosmetic chemicalsmarket covered in this report is segmented –
1) By Product Type: Surfactants, Emollients And Moisturizers, Colorants And Pigments, Preservatives, Emulsifying And Thickening Agents
2) By Application: Perfumes And Fragrances, Hair Care And Skincare, Color Cosmetic Chemicals, Other Applications
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Which Emerging Trends Are Driving Growth in the Cosmetic Chemicals Sector?
The key trends in the cosmetic chemicals market are:
• Innovative product development is becoming a prominent trend in the cosmetic chemicals market.
• Many major cosmetic chemical companies are focusing on the creation of novel products to solidify their market standing.
• Utilizing superfoods rich in nutrients for skincare, such as the baobab fruit and hibiscus flower, has become a key emerging trend.
• There is a growing trend in developing cosmetic ingredients that offer multiple benefits like skin irritation reduction, collagen production protection, and skin cell vitality enhancement.
Which Companies Are Dominating the Cosmetic Chemicals Market in Terms of Revenue?
The key players in the cosmetic chemicals market are:
• Dow Chemical Company
• Givaudan SA
• Ashland Global Holdings Inc.
• Eastman Chemical Company
• Lonza Group Limited
• BASF SE
• Lanxess AG
• P&G Chemicals
• Solvay SA
• Evonik Industries AG
• Bayer AG
• Croda International PLC
• Stephan Company
• Symrise AG
• Cargill Inc.
• Lubrizol Corporation
• Cobiosa
• Genomatica Inc.
• Pharmacos
• Wacker Chemie AG
• Synthomer PLC
• Celanese Corporation
• Arkema Inc.
• ARLANXEO Holding BV
• Apcotex Industries Limited
• Asahi Kasei Corporation
• KCC Corporation
• Bluestar Silicones USA Corp.
• Clariant AG
• Huntsman Corporation
• Momentive Performance Materials Inc.
• Nippon Shokubai Co. Ltd.
• OMNOVA Solutions Inc.
• Shin-Etsu Chemical Co. Ltd.
What Are the Regions Driving Demand in the Cosmetic Chemicals Market?
North America was the largest region in the cosmetic chemicals market in 2024
