Enjoy complimentary customisation on priority with our Enterprise License!
The chemicals for cosmetics and toiletries market size is forecast to increase by USD 10.32 billion at a CAGR of 5.97% between 2023 and 2028. The chemicals market for cosmetics and toiletries is experiencing significant growth, driven by several key factors. Firstly, the increasing demand for men's grooming products is expanding the market's scope beyond traditional women's cosmetics. Secondly, the popularity of multifunctional cosmetics, which offer multiple benefits in a single product, is fueling innovation and consumer interest. Lastly, continuous product innovation and the development of new, safe, and effective ingredients are essential to meet evolving consumer preferences and expectations. These factors collectively contribute to the growth and dynamism of the chemicals market for cosmetics and toiletries.
To learn more about this report, Download Report Sample
In the realm of skincare and beauty, exfoliants play a crucial role in removing dead skin cells, often formulated with formaldehyde-free ingredients and emulsifiers for smooth application. Bathing products encompass a range of cleansers and sunscreens, safeguarding skin from UV damage. Lipsticks and makeup products often include inactive ingredients that enhance texture and longevity. Haircare solutions incorporate vitamins like retinol and Vitamin C to promote scalp health and hair growth. Advanced formulations may also include peptides and hyaluronic acid for anti-aging benefits and hydration. Hygiene products leverage excipients to ensure efficacy and safety, meeting stringent regulatory standards. As consumer preferences evolve, the demand for skincare products featuring natural vitamins and potent actives like retinol and hyaluronic acid continues to grow, reflecting a shift towards holistic skincare routines and innovative beauty solutions.
Key Market Driver
The growing demand for men's grooming products is notably driving market growth. The demand for men's grooming products is expected to grow during the forecast period. This is because men are adopting personal care products to improve their appearance. Hence, the demand for active ingredients from manufacturers is increasing as they are looking to develop lotions, creams, soaps, and serums for men. For older men, vendors are developing beard and hair dyes with conditioning agents. Dow Corning CE 8411 Smooth Plus Emulsion is an ingredient that improves the moisture content in hair. It is used in personal care products for older men. Men also prefer skin care products that offer hydration. For instance, Dow Corning FZ 3196 is an ingredient that is used in natural oils as it provides a non-greasy feel. Hence, its adoption is higher among men.
The demand for skin care products is growing among the young population, especially in APAC. Hence, APAC has high growth potential and will provide vendors with more opportunities for growth in the coming years. The demand for anti-aging products, such as anti-wrinkle creams and face washes, moisturizers, and lotions, is also increasing among men. These products use active ingredients, which will also drive the growth of the market. Hence, the above-mentioned factors will boost market growth during the forecast period.
Significant Market Trend
The growth in demand for conditioning agents is an emerging trend in the market. Conditioning agents are commonly used in hair care products. However, the use of skin care products is also growing. Increasing awareness about the benefits of conditioning agents is encouraging vendors to develop new agents, especially for skincare applications, such as cationic conditioning polymers. The demand for eco-friendly conditioning agents is growing, which will drive the growth of the market during the forecast period.
Moreover, the demand for hair care products is expected to grow during the forecast period. This is attributed to the growing demand for hair styling products, which will increase the demand for conditioning agents like sodium lauryl ether sulfate (SLES) and co-surfactants such as Cocamidopropyl Betaine (CAPB). The increased demand for shampoos to treat dandruff, color-treated hair, and ingredients for hair fall products, such as olive extracts, green tea extracts, rosemary oil, salicylic acid, polygonum extracts, and phytic acid, will drive the growth of the market. As the conditioning of skin and hair is a continuous process, the demand for such products is expected to remain constant during the forecast period.
Major Market Challenge
The growing consumer awareness about the health implications of synthetic ingredients is a major challenge impeding the market. The side effects of synthetic ingredients used in skin care and hair care cosmetics and toiletries products have been a key concern, which is restricting the growth of the market over the last few years. Synthetic ingredients, such as benzoyl peroxide, triclosan, parabens, hydroquinone, sulfates, fragrances, synthetic colors, petroleum, methylisothiazolinone, silicones, colorants, mineral oils, fluoride, lead, and phthalates are known to cause a range of health issues when used for a long time.
However, the health concerns related to the use of synthetic ingredients in cosmetics and toiletry products have compelled vendors to look for natural and organic alternatives, thereby increasing their R&D and overall production costs. Thus, the safety concerns over the use of synthetic ingredients are expected to impact their adoption adversely, which, in turn, will negatively impact the growth of the market during the forecast period.
Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Chemicals for Cosmetics and Toiletries Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Biosil Technologies Inc. - The company offers specialty ingredients for skin care, hair care, and color cosmetics. The key offerings of the company include emulzome solaire chemicals.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the cosmetics chemicals segment will be significant during the forecast period. Some of the major types of chemicals used in cosmetics are alcohols, polymers, petroleum products, essential oils, pigments, surfactants, inorganic chemicals, fatty chemicals, ketones, colorants, and others.
Get a glance at the market contribution of various segments Request a PDF Sample
The cosmetics chemicals segment was valued at USD 17.82 billion in 2018. Cationic polymers find extensive application in hair care cosmetics, primarily as conditioning agents. These polymers are chemically modified to improve their binding properties, which provides a shiny, smooth texture to the hair. Polymer ingredients used in hair conditioning products also prevent the hair strands from getting tangled and breaking, besides ensuring easy maneuverability of the hair. Commonly used polymers for hair conditioning include polyquaternium-10, polyquaternium-7, polyquaternium-11, Dimethicone, Cyclopentasiloxane, and dimethiconol, among others. Polymer ingredients also find applications as setting agents in hair sprays and hair creams. Commonly used natural polymers in hair setting products include starch and cellulose polysaccharides, natural gums, and hydrolyzed proteins. Synthetic polymers such as polyvinyl pyrrolidone and acetate, polyvinyl amides, polyacrylates, silicones, polyurethanes, and polymethacrylates are also used in hair-setting products. The growing demand for cosmetics will drive the demand for cosmetic chemicals, which, in turn, will propel the market during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2022, Japan, China, and India were among the key consumers of cosmetics and toiletries products in APAC. The region has witnessed a steady surge in demand for natural and organic cosmetics over the last few years. Consumers in the region are becoming aware of the adverse effects of synthetic ingredients, such as preservatives and emollients used in cosmetic products, and are increasingly shifting to cosmetics formulated with organic and sustainable ingredients. The demand for natural additives and ingredients in cosmetics is also encouraging vendors to invest significantly in the development of sustainable ingredients. The easy availability of various naturally sourced ingredients, such as herbs and plants in China, India, and other Southeast Asian countries, offers a high potential for market vendors to set up production units in the region during the forecast period.
Moreover, vendors in the region generally partner with local distributors in the region to ensure easy access to the market. Partnerships with these distributors provide vendors with the market authorization to comply with stringent regulatory requirements and directives related to the sale of cosmetics in APAC. Furthermore, in China, India, and other Southeast Asian countries, there has been a rise in the demand for specialty cosmetics that offer a high degree of protection from pollutants due to the growing concerns related to pollution and its effects on the skin among consumers. Moreover, factors such as the rise in the per capita income of consumers, and the availability of a diverse range of cosmetics are also expected to drive market growth. Therefore, such factors will boost the market growth in APAC during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments..
You may also interested in below market reports:
1. Aroma Chemicals Market by Chemical Type, Application, and Geography - Forecast and Analysis
2. Africa Beauty and Personal Care Market by Product and Distribution Channel - Forecast and Analysis
3. Personal Care Chemicals Market by Product and Geography - Forecast and Analysis
In the realm of beauty and cosmetics, formaldehyde is increasingly phased out from nail colors and creams, reflecting a shift towards safer formulations. Leading brands like Shiseido, Vogue, Glossier, and Dermalogica emphasize innovation and quality. Redseer monitors market trends, while Vouge and Becca set fashion standards. Indya and Forrest Essentials champion botanical extracts and green chemistry processes, promoting sustainability. Ingredients like benzyl alcohol, acetone, and ethanol are vital in formulations, with ethyl acetate and camphor also playing roles. Alpha hydroxy acids serve as effective exfoliants, and thickeners ensure product stability. Multifunctional products cater to diverse needs, supported by biotechnological advancements. Personalized solutions for varying skin types and hair types are facilitated by direct-to-consumer brands using online customization tools. As regulatory scrutiny increases, cleaner labels and formulation technologies shape the industry, driving sustainable farming practices and enhancing technological capabilities across a global regional footprint.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
190 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.97% |
|
Market growth 2024-2028 |
USD 10.32 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
5.28 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 34% |
|
Key countries |
US, China, Germany, India, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
AAK AB, Arkema SA, Ashland Inc., BASF SE, Bayer AG, Bio Botanica Inc., Biosil Technologies Inc., Dow Inc., Evonik Industries AG, FENCHEM, Hallstar Innovations Corp., Honeywell International Inc., Nouryon, Shell plc, SILAB SA, Solvay SA, Stepan Co., Symrise AG, Terry Laboratories LLC, and The Lubrizol Corp. |
|
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.