Cosmetic Chemicals Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Surfactants, Emollients, Preservatives, Thickening Agents, Additives, Polymers, Powders, Colorants, And Pigments, Others), By Application (Skin Care, Hair Care, Make Up, Perfumes And Fragrances, Oral Care, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Jun 2022 Report Code: KSI061610060 Pages: 114

The cosmetic chemicals market was evaluated at US$26.306 billion for the year 2020, growing at a CAGR of 3.86% to reach the market size of US$34.286 billion by the year 2027. Cosmetic chemicals are a blend of chemical substances that have been synthesized. They are the most common ingredients used in personal care and cosmetic products. Synthetic dyes, surfactants, rheology control chemicals, emulsifiers, emollients, and preservatives are all common ingredients in cosmetic products.

Organic grade cosmetic chemicals are in high demand due to rising demand for cosmetics created with natural ingredients and greater R&D for product innovation. Furthermore, the rising demand for luxury cosmetics is being driven by rising worries about healthy skin, physical appearance, age spots, and hair loss, as well as changing hairstyling trends. Most men and women are increasingly interested in cosmetic items. Despite an exceptional supply problem in 2020, the global cosmetics sector grew, according to L'Oréal S.A., and enjoyed a considerable rebound in the latter part of the year, driven by strong consumer demand. The growth in household disposable income in developing nations helps this even more. Furthermore, a rise in cosmetics manufacturers' advertising and commercialization spending on luxury personal grooming, skincare, haircare, and beauty treatments would boost cosmetic chemical sales.

However, the cosmetic chemicals market's growth is constrained by government restrictions prohibiting the use of harmful chemicals and rising demand for organic goods made from natural materials. Additionally, some cosmetic compounds may have damaging consequences, such as mutated genes, birth abnormalities or reproductive injury, and cancers, which are likely to limit market expansion.

The emollient category is estimated to hold the largest section in the cosmetic chemicals market by product. Emollients soothe the skin by keeping it hydrated. They are utilized in various personal care and cosmetics products, including body lotions, moisturizers, skin creams, and lipsticks, which fuel market expansion. These emollients are available in both natural and synthetic forms. Olive oil, coconut oil, beeswax, and lanolin are common emollients, as are petroleum jelly, mineral oil, glycerin, zinc oxide, etc.

Skincare is predicted to lead the worldwide cosmetic chemicals market by application. The worldwide demand for skin care products is driven by an increasing youth population, higher purchasing ability among urban households, and a preference for a refined lifestyle. The sector has seen a shift in demand from elderly consumers to a younger consumer base that is rising. People are becoming more self-aware of themselves, and as a result, they are beginning to use skin care products at a younger age to prevent the indications of ageing. According to a survey performed by Unilever in February 2021, which included 10,000 responses from nine countries, including the United States, India, and China, 74 percent of respondents favour the beauty and personal care industry, which focuses more on making people feel good. Due to the continued growth of the skin care sector, several smaller manufacturers have entered the market to take advantage of the lucrative opportunities. Throughout the projected period, such positive factors are likely to accelerate the market for skin care products and, thus, the demand for cosmetic chemicals.

The market is expected to be led by the Asia Pacific region. The rising fashion and entertainment industries in emerging nations such as India, China, and South Korea have increased demand for cosmetics, which is likely to fuel the region's cosmetic chemicals market. Furthermore, the beauty and personal care (BPC) business in India was estimated at more than US$ 10 billion as of 2021, according to the Ministry of Economy and Industry.  With increased shelf space in retail stores and boutiques across India, the personal care and cosmetics sector is likely to rise. Furthermore, according to a survey conducted by Assocham, one of India's leading trade groups, the cosmetics, beauty, and grooming market in the country is predicted to reach US$ 20 billion by 2025. During the forecast period, such factors are likely to drive the usage of cosmetic chemicals in the county.

Recent Development

Hydrolite 8 green, an eco-friendly cosmetic multipurpose and 100 percent bio-based caprylyl glycol was announced by Symrise in April 2022. Symrise is creating it using proprietary technology. The high purity USDA Biobased, COSMOS, and NaTrue approved neat ingredient performs well with both natural and traditional cosmetic formulations.

In August 2021, DIC Corporation announced that its wholly-owned subsidiary Sun Chemical had introduced two new color travel effect pigments to its Reflecks MultiDimensions product line, Reflecks MD Midnight Cherry and Reflecks MD Midnight Sapphire.

BASF SE introduced new skincare active ingredients and displayed its active range, which includes Hydagen Aquaporin as well as Hydrasensyl Glucan, Inolixir, & bioactive compounds for cosmetic applications, in January 2020. Skin moisturizers Hydagen Aquaporin and Hydrasensyl Glucan were developed, while Inolixir promotes healthy skin and provides a pleasant sensation.

COVID-19 Impact

The COVID-19 epidemic had a mixed impact on the market for cosmetic chemicals. The pandemic has affected consumer buying patterns and made them more cautious, resulting in lower spending on non-essential items. The implementation of lockdown and social distancing measures has hurt the demand for scents and beauty products globally. However, because of the epidemic, sales of personal hygiene and washing items such as soaps and skin care products have soared. According to L'Oreal S.A.'s quarterly report released in April 2020, skincare-focused brands such as Kiehl's, Lancôme, and Helena Rubinstein beat the group's other premium brands in the first quarter of 2020. As a result, the skin care market, which includes commodity brands that focus on personal hygiene and washing, is predicted to boost demand for cosmetic chemicals like surfactants, emollients, and so on in the predicted period.

Segmentation

  • By Product
    • Surfactants
    • Emollients
    • Preservatives
    • Thickening Agents
    • Additives
    • Polymers
    • Powders, Colorants, and Pigments
    • Others
  • By Application
    • Skin Care
    • Hair Care
    • Makeup
    • Perfumes and Fragrances
    • Oral Care
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the cosmetic chemicals market size by 2027?
A1. The cosmetic chemicals market is projected to reach a total market size of US$34.286 billion in 2027. 


Q2. What are the growth prospects for the cosmetic chemicals market?
A2. The global cosmetic chemicals market is projected to grow at a CAGR of 3.86% during the forecast period. 


Q3. What is the size of the global cosmetic chemicals market?
A3. Cosmetic Chemicals Market was valued at US$26.306 billion in 2020.


Q4. What factors are anticipated to drive the cosmetic chemicals market growth?
A4. The rising demand for cosmetics created with natural ingredients and greater R&D for product innovation is driving the cosmetic chemicals market.


Q5. Which region holds the largest market share in the cosmetic chemicals market?
A5. The Asia Pacific is expected to dominate the cosmetic chemicals market due to the rising fashion and entertainment industries in emerging nations such as India, China, and South Korea have increased demand for cosmetics.

1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis

5. Cosmetic Chemicals Market Analysis, by Product
5.1. Introduction
5.2. Surfactants
5.3. Emollients
5.4. Preservatives
5.5. Thickening Agents
5.6. Additives
5.7. Polymers
5.8. Powders, Colorants, and Pigments
5.9. Others

6. Cosmetic Chemicals Market Analysis, by Application
6.1. Introduction
6.2. Skin Care
6.3. Hair Care
6.4. Makeup
6.5. Perfumes and Fragrances
6.6. Oral Care
6.7. Others

7. Cosmetic Chemicals Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Israel
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. India
7.6.4. South Korea
7.6.5. Indonesia
7.6.6. Thailand
7.6.7. Taiwan
7.6.8. Others 

8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles 
9.1. BASF SE
9.2. Akzo Nobel N.V.
9.3. Ashland
9.4. Huntsman International LLC
9.5. Solvay S.A.
9.6. Procter and Gamble
9.7. Evonik Industries AG
9.8. The Dow Chemical Company
9.9. Bayer AG
9.10. United-Guardian, Inc.
9.11. L’Oreal S.A.

BASF SE

Akzo Nobel N.V.

Ashland

Huntsman International LLC

Solvay S.A.

Procter and Gamble

Evonik Industries AG

The Dow Chemical Company

Bayer AG

United-Guardian, Inc.

L’Oreal S.A.

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