What Has Been the Growth of the Cosmetic Chemicals Market So Far?
The cosmetic chemicals market has seen considerable growth due to a variety of factors.
• The size of the cosmetic chemicals market has significantly expanded in the past few years. There's a projected growth from $20.06 billion in 2024 to $21.25 billion in 2025, with a 5.9% compound annual growth rate (CAGR). Factors such as customers' increased demand for beauty products, evolving standards of beauty, globalization, urbanization, marketing and branding maneuvers, regulatory modifications, and safety benchmarks contributed to the growth observed in the past.
What Are the Future Growth Projections for the Cosmetic Chemicals Market Size?
The Cosmetic Chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the market for cosmetic chemicals is projected to significantly increase in the following years. It is anticipated to reach $27.98 billion in 2029, with a 7.1%.
compound annual growth rate (CAGR). The increase during this projected period is related to an increasing focus on natural and organic products, health and wellness trends, worldwide economic and demographic shifts, regulatory compliance, and safety standards. In the future period, some notable trends are the emergence of clean beauty, customisation and personalisation, emphasis on health and wellness, sustainable practices and packaging, inclusivity, and diversity.
What Are The Core Factors Supporting Growth In The Cosmetic Chemicals Market?
The cosmetic chemicals market is anticipated to expand due to the rising demand for hair and skin care products. Cosmetics designed for skin care, which can be anything from antiseptics, tonics, lotions, creams, and others, are for massaging, cleaning, stimulating, and beautifying the body, as well as performing non-invasive hair removal. Hair and skin care products aim to enhance, safeguard, and alter the external features of the body. The primary component in these items is cosmetic chemicals. For example, Circana, LLC, a US-based firm specializing in consumer insights, data, and analytics to assist businesses to grow, reported a 25% rise in Beauty Industry Sales in September 2023. Fragrance sales went up by 24%, skincare by 17%, and the hair category by 27% compared to figures in 2021. Hence, the cosmetic chemicals market is set to grow due to the ongoing popularity of hair and skin care products.
What Are The Major Segments Within The Global Cosmetic Chemicals Market?
The cosmetic chemicals market 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
Subsegments:
1) By Surfactants: Anionic Surfactants, Cationic Surfactants, Non-Ionic Surfactants, Amphoteric Surfactants
2) By Emollients And Moisturizers: Natural Emollients, Synthetic Emollients, Humectants
3) By Colorants And Pigments: Organic Colorants, Inorganic Pigments, Natural Colorants
4) By Preservatives: Parabens, Phenoxyethanol, Natural Preservatives
5) By Emulsifying And Thickening Agents: Natural Emulsifiers, Synthetic Emulsifiers, Thickening Polymers
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Which Trends Are Expected To Transform The Cosmetic Chemicals Market?
The primary trend capturing attention in the cosmetic chemicals industry is product innovation. Many dominant companies within this market are concentrating their efforts on the creation of inventive products to improve their standing within the market. Merck & Co. Inc., a science and technology firm from the US, exemplified this through their launch of RonaCare Baobab and RonaCare Hibiscus in February 2022. These new cosmetic ingredients are sourced from baobab fruit and hibiscus flower—both nutrient-rich superfoods that have beneficial properties for skin. The plant extracts can be incorporated into a wide range of topical applications, from everyday skincare to dermo-cosmetics, and are produced sustainably and responsibly. RonaCare Baobab offers robust protection for elastin and collagen while reducing skin discomfort. Similarly, RonaCare Hibiscus is believed to alleviate skin irritation, assist with tending to sensitive skin, safeguard against oxidative damage, protect collagen from decay, and invigorate skin cells.
Who Are the Key Players In The Cosmetic Chemicals Market?
Major companies operating in the cosmetic chemicals market include:
• 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 Is The Most Dominant Region In The Cosmetic Chemicals Market?
North America was the largest region in the cosmetic chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global cosmetic chemicals market during the forecast period. The regions covered in the cosmetic chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
