Global Chemicals for Cosmetics and Toiletries Market to Reach US$ 34,567 Million by 2032, Fueled by Bolstering Cosmetic Industry

September 08, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Chemicals for Cosmetics and Toiletries Market by Type (Cosmetics Chemicals, Toiletries Chemicals), Application (Skin Care Products, Hair Care Products, Oral Hygiene Products, Bath and Shower Products, Personal Hygiene Products, and Others), and Region 2024-2032,” the global chemicals for cosmetics and toiletries market size reached US$ 25,074 Million in 2023. Chemicals for cosmetics and toiletries encompass a diverse range of substances utilized in the formulation and production of personal care and beauty products. These chemicals play a pivotal role in enhancing the efficacy, texture, stability, and overall quality of cosmetics, skincare items, hair care products, fragrances, and toiletries. These chemicals include emollients, surfactants, preservatives, colorants, thickeners, and fragrances, among others. They are meticulously selected and combined to create products that meet consumers' desires for safe, effective, and appealing personal care solutions. The formulation of cosmetics and toiletries demands a balance between innovation, regulatory compliance, and consumer preferences, driving the continuous evolution of this dynamic market.

Global Chemicals for Cosmetics and Toiletries Market Trends:

The flourishing expansion of the beauty and personal care industry, propelled by changing consumer lifestyles, growing urbanization, and increased focus on grooming and self-care, is fueling the demand for high-quality and specialized cosmetic products. This, in turn, is primarily driving the global market of chemicals for cosmetics and toiletries. Moreover, the rising consumer consciousness regarding the use of natural and organic ingredients in cosmetics and toiletries is stimulating the adoption of bio-based and environmentally friendly chemicals, bolstering the market growth. Concurrently, numerous manufacturers are striving to align their product portfolios with these preferences, driving the development and utilization of sustainable and naturally-derived cosmetic chemicals. Additionally, significant advancements in research and development (R&D) enabling the creation of chemicals that offer multifunctional benefits, such as anti-aging properties, sun protection, and hydration, are presenting lucrative opportunities for market expansion. Concurrent with this, the advent of digital platforms and e-commerce, allowing consumers to explore and purchase products from around the world, is strengthening the market. Furthermore, the favorable regulatory landscape surrounding cosmetic ingredients, with increased emphasis on safety and transparency, is prompting manufacturers to invest in research and compliance to ensure their products align with regulatory standards, enhancing consumer trust and aiding in market expansion. Looking forward, the market value is projected to reach US$ 34,567 Million by 2032, expanding at a CAGR of 3.5% during 2024-2032.

Market Summary:

Based on the type, the market is bifurcated into cosmetics chemicals and toiletries chemicals. Between these, cosmetics chemicals represent the largest segment.
On the basis of the application, the market has been segregated into skin care products, hair care products, oral hygiene products, bath and shower products, personal hygiene products, and others. Among these, skin care products dominate the market.
Based on the region, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. Among these, Asia Pacific is the largest market for chemicals for cosmetics and toiletries.
The competitive landscape of the market has also been examined, with some of the key players being Arkema S.A., Ashland Inc., BASF SE, Biosil Technologies Inc., Croda International plc, Dow Inc., Eastman Chemical Company, Evonik Industries AG (RAG-Stiftung), Fenchem, Hallstar Company, Koninklijke DSM N.V., Lanxess AG, Merck KGaA, Stepan Company, The Lubrizol Corporation (Berkshire Hathaway Inc.), etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type Application Region
Types Covered	Cosmetics Chemicals, Toiletries Chemicals
Applications Covered	Skin Care Products, Hair Care Products, Oral Hygiene Products, Bath and Shower Products, Personal Hygiene Products, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Arkema S.A., Ashland Inc., BASF SE, Biosil Technologies Inc., Croda International plc, Dow Inc., Eastman Chemical Company, Evonik Industries AG (RAG-Stiftung), Fenchem, Hallstar Company, Koninklijke DSM N.V., Lanxess AG, Merck KGaA, Stepan Company, The Lubrizol Corporation (Berkshire Hathaway Inc.), etc.
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Global Chemicals for Cosmetics and Toiletries Market to Reach US$ 34,567 Million by 2032, Fueled by Bolstering Cosmetic Industry

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