Chemical

According to a market report by Lucintel, the future of the sunscreen chemicals in the global cosmetic chemical market looks promising with opportunities in the offline and online markets. The growth of sunscreen chemicals in the global cosmetic chemical market is expected to reach an estimated $1.8 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are growing cases of skin care and skin disorders, increasing consumer awareness about skin protection against the UV rays of the sun, and emerging demand for organic and natural skin care products globally.



In this market, cream, gel, lotion, liquid, spray, lip balm, wipes, sticks are the major segments of sunscreen chemicals in the global cosmetic chemical market by form. Lucintel forecast that lotion will remain the largest segment over the forecast period as it has high moisture content that helps in hydrating the skin and counteracting the drying effect of sun exposure.



Within this market, offline is expected to remain the larger distribution segment because it enables consumers to touch, smell, and test the products before making a purchase from a wide range of availability.



North America will remain the largest region due to increasing demand for organic and natural formulations and growing awareness of the harmful effects of prolonged sun exposure among consumers in the region.

SOLVAY SA, Croda International PLC, Evonik Industries AG, Stepan Company, Symrise, and Ashland are the major suppliers of sunscreen chemicals in the global cosmetic chemical market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the sunscreen chemicals in the global cosmetic chemical market by form, distribution channel, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Sunscreen Chemicals in the Global Cosmetic Chemical 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 the sunscreen chemicals in the global cosmetic chemical market by form, distribution channel, 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 sunscreen chemicals in the global cosmetic chemical market by form (cream, gel, lotion, liquid, spray, lip balm, wipes, sticks, and others), distribution (offline and online), 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?