Global Cosmetic Chemicals Market Demand & Forecast Analysis, 2016-2032

Cosmetic chemicals market is classified depending on the products used such as emollients & moisturizers, surfactants, thickening agents, speciality additives and others. Emollients & moisturizers hold the major market share accounting for more than 40% of total cosmetic chemical demand followed by surfactants and speciality additives accounting for about 25% and 15% respectively. All other cosmetic chemicals together account for 20% of the total demand. Cosmetic chemicals find its applications in skin care, hair care, colour cosmetics, perfume & fragrance and others.

Asia Pacific accounts for major market for cosmetic chemicals followed by North America & Western Europe. China accounts for almost more than 60% of the total regional demand. North America, Western Europe and mature economies like Japan will experience lower growth rates ranging from marginal to slightly below the GDP growth rates during forecast period, while China is expected to grow at an average annual growth rate of more than 6.5%. The cosmetics chemicals are driven by several factors including increase in demand for beauty and personal care products owing to increase in urbanisation, standard of living, improvement in lifestyle and purchasing power due to increasing disposable income in the developing economies like China, India and Southeast Asia.

Stringent Government regulations concerning health hazards may act as a restraint to the growth of cosmetic chemicals; however, growing preference for natural cosmetics will offset this decline. Global Cosmetic chemicals market is likely to witness a CAGR of about 3-4% in the long-term forecast till 2025.