The Global Market for Cosmetic Chemicals is Projected to Reach US$30 Billion by 2020

Rising Demand for Anti-Aging & Skincare Cosmeceuticals to Drive the Global Cosmetic Chemicals Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Cosmetic Chemicals. The global market for Cosmetic Chemicals is projected to reach US$30 billion by 2020, driven by the growing demand for anti-aging and general skincare cosmeceutical products.

Cosmetics, defined as chemical preparations for enhancing the appearance of the skin and body, are witnessing heathy growth worldwide. Manufactured using a wide variety of therapeutic agents to achieve the desired product properties and outcome, cosmetics are important lifestyle products in a society obsessed with physical beauty, youth, and achievement. Demand for cosmetic chemicals is largely reliant on the production and sales of cosmetics. Growth in the market is driven by increased consumer spending on cosmetics and toiletries and rapidly aging population with a strong emphasis on appearance maintenance. Especially poised to grow in demand are active chemical ingredients that slow down the aging process. Cosmetic products for male grooming, skin whitening, facial care and sun care are also recording strong growth, globally.

Also driving growth in the market is the rising demand for natural and organic cosmetics, which despite their higher cost compared to synthetic materials, are finding favor among health and environment conscious consumers. Future growth in the cosmetic chemicals market will be fuelled by the continuous development of novel and potent anti-aging, sun protection, and hair care products. The trend towards natural products will help drive demand for natural and active cosmetic ingredients such as, botanical extracts, enzymes and amino acids. Botanical extracts, in particular, are expected to benefit from their favorable perception as a natural and healthy option compared to conventional cosmetic chemicals such as commodity surfactants and petroleum oils. The adoption of nanotechnology in the cosmetics industry will additionally spur the development of mineral-based cosmetic chemicals with nano-sized dimensions. Skincare cosmeceuticals, such as, sunscreens and face creams, offer lucrative opportunities for the application of nano-sized chemicals in the cosmeceutical industry.   

As stated by the new market research report on Cosmetic Chemicals, the United States represents the single largest market worldwide, supported by high per capita spending on organic and natural cosmetics.
Developing markets such as Asia-Pacific and Latin America are expected to fuel future growth in the market, led by a rapidly expanding base of affluent middle class population, rising standards of living, robust demand for skin lightening and whitening agents and chemicals, and globalization of cosmetic brands. Specialty Additives, including Active Ingredients, Colorants, Conditioning Agents, and Preservatives, represents the leading market segment. Emollients & Moisturizers, ranks as the fastest growing product market, driven by developments in natural and organic personal care products. In recent years, natural emollients have been finding favor among manufacturers over other animal-based and synthetic ingredients.

Major players covered in the report include Akzo Nobel Surface Chemistry, Ashland Inc., BASF SE, Clariant International Ltd., Sederma S.A.S, Dow Chemical Company, Dow Corning Corp., Eastman Chemical Company, Evonik Industries AG, Firmenich SA, Givaudan S.A., International Flavors & Fragrances Inc., Koninklijke DSM N.V, LANXESS AG, Lonza Group Limited, P&G Chemicals, Solvay SA, and Symrise AG, among others.

The research report titled "Cosmetic Chemicals: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, drivers, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US$ Million for major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Product segments analyzed include Cleansing Agents & Foamers, Emollients & Moisturizers, Fragrances & Flavors, Processing Aids, and Specialty Additives (Active Ingredients, Colorants, Conditioning Agents, Preservatives, and Other Specialty Additives).

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