New Report Available: Global Chemicals for Cosmetics and Toiletries Market 2015-2019

From: Fast Market Research, Inc.
Published: Sun Aug 30 2015

Cosmetics constitute a wide assortment of chemicals that are used to manufacture products for enhancing physical beauty and remedial purposes. Development in the business sector is driving an increase in consumer spending on beauty care products and toiletries. The emphasis of aging population on beauty and appearance is also boosting the sales of cosmetics. Cosmetic for males, such as skin whitening, facial care and sun care treatments are also recording solid development, globally. The global chemicals for cosmetics and toiletries market includes a range of chemicals, such as essential oils, polymers, petroleum products, inorganic chemicals, surfactants, fatty chemicals, alcohols, aldehydes, ketones, pigments, and colorants. On a broader functional level, these chemicals can be classified into specialty additives, processing aids, and active ingredients. The chemicals, when used in cosmetic or toiletry formulations, exhibit properties, such as aroma, moisturizing, and conditioning among others.

Technavio forecast the global chemicals for cosmetics and toiletries market to grow at a CAGR of 5.19% by revenue during 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "While premium brands are generally sold in retail chains or cosmetic stores, some renowned brands have extended their presence into supermarkets/hypermarkets, aiming to compete with simpler, mass market brands. With the creation of smaller and more accessible packaging, this is reaching to a consumer base with less purchasing power. But this not the trend for major premium brands, which still sell their products via traditional channels."

According to the report, it is expected that the market will be driven by the introduction of innovative new active ingredients for cosmetic and toiletry formulations. The increase in awareness of the ill-effects of chemical use in cosmetics has led to the introduction of new natural or bio-based ingredients. Such natural ingredients are derived from a variety of sources such as plants and marine organisms. The demand for marine-based natural products has increased substantially in the cosmetics and skin care segments. Such natural ingredients and raw materials are preferred especially by natural cosmetics companies. For instance, Aqua Bio Technology's product Aquabeautine XL will be supplied to Amway for use in Amway's Artistry range of skin care products.

Further, the report states that one of the major challenges is the regulatory barriers that need to be overcome to use active ingredients in cosmetics.

The key players in the Global Chemicals for Cosmetics and Toiletries Market are AkzoNobel, BASF, Evonik Industries, Solvay-Rhodia and Stepan while other prominent vendors include Aarhuskarlshamn, Active Organics, Ajinomoto, Akema Fine Chemicals, AkzoNobel, Arkema, Ashland, BASF, Bayer, Bio-Botanica, Biochemica International, Biosil Technologies, Centerchem, Clariant International, Croda International, Dow Chemical, Eastman Chemical, ECKART, Elementis, Emery Oleochemicals, Ercetin Rose Oil, Evonik Industries, Fenchem Biotek, Firmenich International, FMC BioPolymer, George Uhe, Givaudan, Gyan Flavours Export, Honeywell International, Hubei Xiangxi Chemical Industry, Impact Colors, International Flavors and Fragrances, Interpolymer, Jeen International, J.M. Huber, Lonza Group, Lubrizol, Merck, Pilot Chemical, Presperse, Royal DSM, Sandream, Schulke and Mayr, Shell Chemicals, SILAB, Solvay-Rhodia, Sonneborn, Sophim, Sozio Alpine Aromatics International, Stepan, Symrise, Terry Laboratories, US Cosmetics, Ultra Chemical, United-Guardian, Viva Corp and Wacker Chemie

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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