Chemical

According to a market report by Lucintel, the future of chemicals in the cosmetics and toiletries market looks promising with opportunities in the hair care, skin care, color cosmetic, and perfume & fragrances markets. The global cosmetics and toiletries market in terms of chemical consumption is expected to reach an estimated $28.2 billion by 2028 with a CAGR of 4.8% from 2023 to 2028. The major drivers for this market are rapidly expanding distribution channel of popular cosmetics brands, shift in demand from traditional products to natural and organic products, and increasing demand for men’s grooming products.



In this market, cosmetics chemical and toiletries chemical are the two types of chemicals for cosmetics and toiletries used by various end use industries. Lucintel forecasts that cosmetic chemicals will remain the largest segment over the forecast period because they help in providing improved binding properties, while ensuring a shiny and smooth texture to the hair. Cosmetic chemicals are highly used in applications, such as hair conditioning, hair spray, and hair creams.  



Within this market, skincare is expected to remain the largest segment due to the rising customer awareness for daily skin care routine and increasing preference for skin care products with natural ingredients and low synthetic substances among the customers. 



APAC will remain the largest region due to increasing concern related to pollution and its harmful effect on skin and growing demand for natural and organic cosmetics personal care products among consumers in countries like China, India, and other Southeast Asian countries.

AAK AB, Arkema SA, Ashland, BASF SE, Bio Botanica Inc., Biosil Technologies Inc., Dow Inc., Evonik Industries AG, Symrise AG, and Bayer AG are the major chemical suppliers in the global cosmetics and toiletries market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for chemicals in the global cosmetics and toiletries market by type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Chemicals in the Global Cosmetics and Toiletries Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for chemicals in the global cosmetics and toiletries market by type, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for chemicals in the global cosmetics and toiletries market by type (cosmetics chemical and toiletries chemical), application (hair care products, skincare products, color cosmetic, perfumes & Fragrances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?