San Jose, California (PRWEB) December 03, 2013
Follow us on LinkedIn - The global market for cosmetic chemicals is expected to grow steadily, led by increased consumer spending on cosmetic and toiletry products. In particular, strong demand for anti-aging cosmetics among the aging baby boomer population is helping drive growth. Demand for male grooming, skin whitening, facial care and sun care products is witnessing robust gains. Rising demand for cosmetic products formulated with natural ingredients despite their higher cost in comparison to synthetic materials, is driving demand for organic grade cosmetic chemicals derived from 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. Aided by biotechnology, the market is expected to benefit from advances in raw material science. High research costs and regulatory hurdles however remain challenges to growth.
As stated by the new market research report on Cosmetic Chemicals, the United States represents the single largest market worldwide. Growing demand for men’s grooming products is expected to spur demand for moisturizing additives, while strong demand for anti-aging products will drive use of active ingredients with the ability to address issues such as lightening age spots, wrinkle reduction, and skin firming. Though North America and Europe continue to be major markets, emerging countries supported by increasing purchasing power of the middle class, will drive future growth. Asia-Pacific and Latin America are thus expected to play a major role in powering market growth in the coming years. Regulatory and marketing barriers, and customization of products to local needs, represent challenges confronted by overseas players.
Cleansing Agents & Foamers represents the largest market segment. Cleansers are utilized for removing dead skin cells, make-up, dirt, oil, and other pollutants from the skin, especially facial skin. Foamers or surfactants are among the key ingredients in cosmetics products, and are witnessing significant rise in demand due to their cost-effective ability to enhance product functionality through an array of anti-microbial, cleansing, and conditioning properties. However, with rising media concerns over safety of sulfate-based surfactants, the focus of leading brands has shifted towards sulfate-free products and natural surfactants.
Asia-Pacific is forecast to emerge as the fastest growing market for cleansing agents & foamers with a CAGR of 7.6% over the review period. Emollients & Moisturizers represents the fastest growing product market driven by developments in the natural personal care sector. 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 LLC, Ashland Inc., BASF SE, Clariant International Ltd., Croda International Plc, CP Kelco, Eastman Chemical Company, Sederma S.A.S, Dow Chemical Company, Dow Corning Corp., Evonik Industries AG, Firmenich S.A., Givaudan S.A., International Flavors & Fragrances Inc., LANXESS AG, Lonza Group Limited, Lubrizol Corp., P&G Chemicals, Royal DSM N.V., Stepan Company, 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 for major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of 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).
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Cosmetic_Chemicals_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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