Global Cosmetic Chemicals Market Analysis by Size, Share Trends, Future Growth, Emerging Trends, Qualitative Outlook – Global Forecast 2022 to 2031

Kenneth Research recently added a report on the Global Cosmetic Chemicals Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Cosmetic Chemicals Market products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Global Cosmetic Chemicals Market is valued approximately USD 19.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2020-2027. Cosmetic Chemicals are type of synthetic and natural chemicals used in making of hair care products, skin and body lotions, sunscreen and other cosmetics products. Preservative chemicals such as parabens, benzyl alcohol and others are very important chemical in cosmetic products as they increase the shelf life of the product and prevent the growth of bacteria and fungi. Increase in research and development by prominent market players, preference of the customers for natural ingredients in skin care products and increasing investments by companies in technological innovations in the industry are expected to boost the demand. For Instance: in 2021 Eastmen Chemical Company announced an investment to upgrade and expand their capabilities for production of interlayers product lines at its Massachusetts manufacturing facility. However, technological advancement in manufacturing of active ingredients for cosmetics use are expected to impede the growth of the market over the forecast period of 2022-2031. Also, increasing stress levels and pollutions leading to hair problems such as dandruff, hair fall, discoloring and others among youth which are the factors leading to increase in sale of hair care products which is likely to increase the market growth during the forecast period.

The regional analysis of global Cosmetic Chemicals market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing research and development in the sector complimented with technological innovations in the areas of ingredient processing and cost effective production of cosmetics chemicals. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as preference for luxurious products due to high disposable income and improved standard of livings among consumers would create lucrative growth prospects for the Cosmetic Chemicals market across Asia-Pacific region.

Major market player included in this report are:

  • Cargill, Incorporated
  • BASF SE.
  • P&G Chemicals
  • Stepan Company
  • Evonik Industries AG
  • Croda International Plc
  • Genomatica, Inc
  • Bayer AG.
  • Lonza Group
  • Eastman Chemical Company

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Surfactants
Emollients & Moisturizers
Film-Formers
Colorants & Pigment

Preservatives
Emulsifying & Thickening Agents
Single-Use Additives
Others
By Application:
Skin Care
Hair Care
Makeup
Oral Care
Fragrances
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2022 to 2031

Target Audience of the Global Cosmetic Chemicals Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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