Cosmetic Chemicals Market, by Product Type (Single-use Additives, Moisturizers, Thickening Agents, Surfactants, and Others), by Application (Skin Care, Hair Care, Perfumes and Fragrances, Color Cosmetics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
- Report code : CMI92356 |
- Industry :
Specialty and Fine Chemicals
- To Be Published : Jul 2019 |
- Format :
Cosmetic chemicals are chemicals used as an ingredient for formulation of cosmetic products. Cosmetic chemicals can be in the form of moisturizers, thickening agents, surfactants, or additives. Addition of chemicals improvises the appearance of the final product (cosmetics). These chemicals are mainly added to the cosmetics as a preservative, cleanser, moistener, and conditioner and also for giving them a fresh and persistent color.
Market Dynamics
Increasing focus on aesthetic appearance among the populace is a major factor driving growth of the global cosmetic chemicals market. In 2016, the cosmetics and personal care industry in Europe valued US$ 32 billion. Growing spending power is an added advantage to the cosmetic chemicals industry.
However, stringent regulations against use of toxic chemicals are expected to hinder growth of the global cosmetic chemicals market. Cosmetics Regulation (EC 1223/2009), Federal Food, Drug, and Cosmetic Act (FD&C Act) and the Fair Packaging and Labeling Act (FPLA) are some of the regulations. The EU and U.S. FDA have banned 1,328 and 11 toxic chemicals, respectively that were used in the formulation of cosmetics and were suspected of causing cancer, genetic mutation, reproductive harm or birth defects. These regulations are expected to hamper growth of the global cosmetic chemicals market during the forecast period.
Market Outlook
- Asia Pacific is expected to witness increasing demand for cosmetic chemicals during the forecast period, owing to growing focus towards grooming and skin care products.Moreover, increasing demand for skincare products and perfumes is also expected to boost the market growth.
- According to Coherent Market Insights’ analysis, the global perfume industry recorded a revenue of US$ 25.33 billion in 2015.
Key Players
Key players operating in the global cosmetic chemicals market include, BASF SE, The Dow Chemical Company, Evonik Industries AG, Nouryon, Solvay, Croda International Plc., and others.
Market Taxonomy
On the basis of product type, the global cosmetic chemicals market is segmented into:
- Single-use additives
- Moisturizers
- Thickening agents
- Surfactants
- Others
On the basis of application, the global cosmetic chemicals market is segmented into:
- Skin care
- Hair care
- Perfumes and Fragrances
- Color cosmetics
- Others
On the basis of region, the global cosmetic chemicals market is segmented into:
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- Northern Africa
- Central Africa
- South Africa
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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