Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 22.6 Billion | USD 42.8 Billion | 7.70% | 2022 |
FrequentlyAsked Questions
Cosmetic chemicals are substances used in the formulation and production of cosmetics, personal care products, and beauty products. They are ingredients that provide specific functions and properties to these products, such as enhancing their appearance, texture, stability, fragrance, and overall performance. Cosmetic chemicals can be derived from both natural and synthetic sources.
The increasing demand for personal care and beauty products is a major growth driver for the cosmetic chemicals market. In recent years, there has been a significant rise in consumer awareness and interest in personal grooming, beauty enhancement, and skincare routines.
According to the report, the global cosmetic chemicals market size was worth around USD 22.6 billion in 2022 and is predicted to grow to around USD 42.8 billion by 2030.
The global cosmetic chemicals market is expected to grow at a CAGR of 7.70 % during the forecast period.
The global cosmetic chemicals market growth is expected to be driven by North America. due to its strong consumer demand, well-established beauty and personal care industry, and focus on product innovation and safety.
The global cosmetic chemicals market is dominated by players like BASF SE, Dow Chemical Company, Croda International PLC, Evonik Industries AG, Ashland Global Holdings, Inc., Clariant AG, Lonza Group Ltd., Akzo Nobel N.V., Solvay SA, Eastman Chemical Company.
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