Aug 24, 2017   SOURCE: BusinessWire

World $27.55 Billion Cosmetic Chemicals Market Forecasts from 2017 to 2022 - Key Players are Akzo Nobel, The Dow Chemical Company, BASF, Evonik, and Huntsman - Research and Markets

The "Cosmetic Chemicals Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.

Cosmetic Chemicals Market is expected to grow at a compound annual growth rate of 4.83% over the forecast period to grow to US$27.554 billion by 2022, increasing from US$21.765 billion in 2017

Cosmetic chemicals are integral part of different cosmetic products such as conditioners, shampoos, lotions, and creams among others. These chemicals help in increasing shelf-life of the products due to presence of various preservatives while enhancing the appearance of the user. Rising disposable income and living standards, changing consumer preferences, and advanced packaging solutions is augmenting the demand for cosmetic products. Increasing demand for personal care products is providing necessary impetus for the growth of global cosmetic chemicals market.

Growing global ageing populations is one of the major drivers of global cosmetic chemicals market. Desire to look young and beautiful is attracting consumers worldwide towards various anti-ageing and personal care products. Increasing purchasing power and living standards along with the increased demand for grooming products to look aesthetically appealing, both by women and men, is also propelling the growth of global cosmetic chemicals market.

Growing global e-commerce industry will bolster the growth of global cosmetic chemicals market in the coming years since consumers around the world have an easy access to various cosmetic products from international brands. Furthermore, global market players are investing heavily on R&D to develop advanced and diverse product portfolio in order to address different consumers' requirements, thereby positively impacting the growth of cosmetic chemicals market in the next five years.

However, factors such as rising demand for natural & organic cosmetic products, growing concerns over ingredient toxicity, and stringent regulations regarding cosmetic ingredients will restrain the growth of global cosmetic chemicals industry during the forecast period.

The global cosmetic chemicals company is highly fragmented due to the presence of large number of global and regional vendors. Owing to the intense competition in the industry, market players need to follow strategic partnerships and M&A while expanding their product portfolio by launching new products as per the changing needs of customers around the globe.

Prominent key market players in Cosmetic Chemicals market include Akzo Nobel, The Dow Chemical Company, BASF, Evonik, and Huntsman among others.

Recently in May 2017, Huntsman Corporation and Clariant have announced their merger to create a leading global specialty chemical company named HuntsmanClariant to improve growth profile in highly attractive end markets and geographies.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Key Findings of the Study

4. Market Dynamics

5. Cosmetic Chemicals Market Forecast by Product

6. Cosmetic Chemicals Market Forecast by Application

7. Cosmetic Chemicals Market Forecast by Geography

8. Competitive Intelligence

9. Company Profiles

  • BASF SE
  • Akzo Nobel N.V.
  • Ashland
  • Huntsman International LLC
  • Solvay
  • Procter and Gamble
  • Evonik Industries AG
  • The Dow Chemical Company
  • Bayer AG
  • United-Guardian, Inc.
  • L'Oreal

For more information about this report visit https://www.researchandmarkets.com/research/6tqvf3/cosmetic