Product Overview:
Cosmetic
chemicals such as surfactants, emollients, etc. are used in diverse personal
care product formulations that comprise various physical and functional
ingredients. Cosmetic chemicals largely find application in various cosmetics
and toiletries such as shampoos, hair conditioners and gels, creams and
lotions, make-up cosmetics and sun protection products. The increasing
geriatric as well as infant population apart from expanding female population
base are anticipated to boost the Global Cosmetic Chemicals Market.
Country
Insights:
High
penetration rate of global brands, burgeoning demand for natural cosmetics,
growth in working women population and increasing number of beauty clinics are
aiding United States Cosmetics Market. Owing to the
increasing per capita expenditure on personal appearance, strong regulatory
framework and growth in beauty and cosmetics market, the United States Cosmetic
Chemicals Market is anticipated to witness unabated growth through 2026.
Rising Trend of Natural
and Organic
Cosmetics:
Cosmetic
chemical manufacturers are using innovative bio-based high-performance products
to address the growing demand for anti-aging, anti-wrinkle and sun protection
products. Increasing number of skin related problems caused due to the presence
of chemical ingredients in cosmetics and growing awareness about diseases such
as conjunctivitis, keratitis and Stye, which are caused due to cosmetics is
driving the demand for organic cosmetic products in the United States. As a
result, the rising preference for biological cosmetic products among the women and
youth to look good is augmenting the consumption of organic cosmetics is US,
thereby escalating the demand for green cosmetic chemicals as well.
United States Organic Cosmetics Market Size, By
Value, 2011, 2016 & 2021F (USD Billion)
Source: TechSci Research
Estimates
For instance, in 2017, the US
manufacturer, Revlon commercialized the green soy microbead technology as a
substitute to plastic microbeads for utilization in the nation’s growing cosmetics
industry.
§ International Beauty
Giants are Acquiring US Market Players to Expand Reach:
The major personal care & beauty product
manufacturers are keen on diversifying their product portfolios, which is
resulting in increasing M&A activities in the region.
Partial List of Major M&A in US Beauty
& Personal Care Market, As of 2017
|
Parent Company
|
Acquired company
|
Value
|
Year
|
|
L’Oreal SA
|
IT Cosmetics
|
$1.2 billion
|
2016
|
|
L’Oreal SA
|
CeraVe,
AcneFree and Ambi
|
$1.3
Billion
|
2017
|
|
Bellami LLC
|
Mirabella Cosmetics LLP and Lipland LLP
|
NA
|
2016
|
|
Revlon
|
Elizabeth
Arden
|
$870
Million
|
2016
|
|
Unilever
|
Seventh Generation, Inc.
|
NA
|
2016
|
|
Unilever
|
Dollar
Shave Club
|
$1
billion
|
2016
|
|
Beautycounter
|
Nude
|
NA
|
2016
|
|
Johnson &
Johnson
|
Vogue
International
|
$3.3
billion
|
2016
|
Source: TechSci Research
§ Rising Expansions in US
Cosmetic Chemicals Market:
With the aggressively increasing demand for
high-performance and advanced beauty products in the United States, several
cosmetic chemical manufacturers are planning to expand their footprint in the
industry. For instance;
Ø Cosmetic Solutions which
is providing customized skincare formulations for the US market is planning to
add more than 25,000 square feet to its factory and head office in Florida,
during 2017.
Ø The UK based company,
Green Biologics is also planning to diversify and expand biotech cosmetic
ingredients portfolio in the United States. The company has reportedly
partnered with Acme-Hardesty in 2017 to develop and manufacture fully
biological versions of n-butyl and isopropyl esters at their operating plants
in US.
Ø The renowned Shin-Etsu
Chemical is going to invest USD21.3 million on plant expansion of Shin-Etsu
Silicones of America, Inc., to serve the US cosmetics industry.
Conclusion:
In
conclusion, the Global Cosmetic Chemicals market is projected to surpass USD34
Billion by the end of 2026, showcasing a healthy growth during the forecast
period. The growth in the global cosmetic chemicals market can be attributed to
the rapid rise in ageing population as well as working females worldwide. The
increasing consumer spending on the skin care cosmeceuticals and anti-ageing
products is driving the global cosmetic chemicals market. Moreover, increasing
awareness and acceptance of natural ingredients based organic cosmetics is
expected to augment the overall consumption of cosmetic chemicals globally.
Furthermore, penetration of advanced nanotechnology in personal care industry
would emerge as a positive growth trend for global cosmetic chemicals market
over the span of next 9 years.
Request for Sample Report Today!