Chemicals for cosmetics and toiletries market to grow at a CAGR of 6.01% by 2027; Driven by growing demand for men’s grooming products – Technavio

NEW YORK, Feb. 14, 2023 /PRNewswire/ — Chemicals for cosmetics and toiletries market insights –

• Vendors: 15+, including AAK AB, Arkema SA, Ashland Inc., BASF SE, Bayer AG, Bio Botanica Inc., Biosil Technologies Inc., Dow Inc., Evonik Industries AG, FENCHEM, Hallstar Innovations Corp., Honeywell International Inc., Nouryon Chemicals Holding BV, Shell plc, SILAB SA, Solvay SA, Stepan Co., Symrise AG, Terry Laboratories LLC, The Lubrizol Corp., among others

• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

• Segments: Type (Cosmetics chemicals and Toiletries chemicals), Application (Hair care products, Skin care products, Color cosmetics, Perfumes and fragrances, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

To understand more about the chemicals for cosmetics and toiletries market, request a sample report

In 2017, the chemicals for cosmetics and toiletries market was valued at USD 24,579.23 million. From a regional perspective, APAC held the largest market share, valued at USD 7,800.22 million. The chemicals for cosmetics and toiletries market size is estimated to grow by USD 9871.79 million from 2022 to 2027 at a CAGR of 6.01% according to Technavio.

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Chemicals for cosmetics and toiletries market – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria

• Adoption rates

• Adoption lifecycle

• Drivers of price sensitivity

• For highlights on customer landscape analysis, download a sample!

Chemicals for cosmetics and toiletries market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –

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• AAK AB – The company offers glycerin chemical which is used as hair conditioning agent.

• Arkema SA – The company offers noramium and surfaline chemicals used in conditioners to make hair soft.

• Ashland Inc. – The company offers aquaStyle 300N multifunctional fixative and styling polymer chemical which is used in the form of gel and cream to make wet and dry air.

• BASF SE – The company offers superabsorbent polymer which is used in applications related to baby diapers and feminine care products.

Chemicals for cosmetics and toiletries market – Market Dynamics

Major Drivers – 

• Growing demand for men’s grooming products

• Rising popularity of multifunctional cosmetics

• Increasing product innovation

KEY Challenges – 

• Growing consumer awareness about health implications of synthetic ingredients

• High R&D cost and long duration involved in product development

• Stringent government regulations

Drivers and challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The chemicals for cosmetics and toiletries market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

What are the key data covered in this chemicals for cosmetics and toiletries market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the chemicals for cosmetics and toiletries market between 2023 and 2027

• Precise estimation of the size of the chemicals for cosmetics and toiletries market size and its contribution to the market in focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the chemicals for cosmetics and toiletries market industry across APAC, North America, Europe, South America, and Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of chemicals for cosmetics and toiletries market vendors

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Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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SOURCE Technavio