Pooja GangwalSept 17, 2019
Cosmetics chemicals are the primary ingredients, which are used for the formulation in personal care products. Over the years, ingredients in cosmetics have changed tremendously and new advanced techniques and formulas have been introduced to produce various scents and cosmetics. Ancient Egyptians used different minerals to make colors pigments to enhance their facial features. Today, there are about 1500 chemical compounds across the world. The common chemicals, which are mainly found in the cosmetics products include coal tar, lead acetate, UV filters, triclosan, toluene, parabens, and phthalates.
Cosmetic chemicals are used in production of skin care & hair care, color cosmetics, perfumes, and fragrances. The types of cosmetic chemicals include pigments, thickening agents, emollients, moisturizers, surfactants, colorants, preservatives, carrier powders, and film formers. Out of these chemicals, film formers, moisturizers, and emollients are consumed on a large scale, which closely followed by surfactants.
For thousands of years, cosmetics have been used to improve a person's appearance and to enhance the quality of their skin. Nowadays, makeup plays an important role in both women and men. Makeup is used as a beauty aid to help build up the confidence and self-esteem of an individual. In addition, cosmetics can be produced in the hypoallergenic and organic form to meet the demands of users. Recent research has also shown that makeup helps in protection from ultra-violet rays of the sun.
Cosmetic chemicals are an essential part of different cosmetic products such as creams, conditioners, lotions, and shampoos. The chemicals helps to increase the shelf life of the products by preventing contamination and growth of harmful bacteria in products. Growing demand for personal care products due to advanced packaging solutions, increasing disposable income, changing consumer preferences, and rising standard of living are some of the factors that are directly and indirectly boosting the global cosmetic chemicals market.
In addition, the increasing elderly population is one of the key drivers in the global cosmetic chemicals market, as a desire to look beautiful and young is attracting consumers towards various anti-aging and personal care products across the world. Growing demand for innovative skin lightening treatments and ever-increasing demand for grooming products by both men and women to look aesthetically appealing is also prospering the market growth.
The booming e-commerce industry will also propel the cosmetic chemicals in the market, as consumers across the globe have easy access to various international cosmetic brands. Besides, leading manufacturers are also focusing on the investment in research and development activities to develop a diverse and innovative product portfolio to cater to the needs of the consumer, thereby, positively impacting the market growth in the coming years.
However, the growing demand for natural and organic cosmetic products, stringent government regulations regarding cosmetic ingredients, and increasing concerns over ingredient toxicity are the factors that will restrain the growth of the global cosmetic chemicals market.
According to QY Research report, the global cosmetic chemicals market is likely to reach US$24.2 bn by 2025, registering with a CAGR of 3.8% between 2019 and 2025. The prominent players in the cosmetic chemicals market include Lanxess, Dow Chemical, Lonza, Eastman Chemical, Givaudan, Solvay, Clariant, BASF, Akzo Nobel, Ashland, Bayer, Procter & Gamble, and Evonik Industries.
Key international players like Procter & Gamble, L'Oreal, and Unilever continues to invest in the growing market of cosmetic chemicals due to globalization of cosmetic products globally.