Global Cosmetic Chemicals Industry

Global Cosmetic Chemicals Industry

  • July 2020 •
  • 490 pages •
  • Report ID: 5151467 •
  • Format: PDF
Global Cosmetic Chemicals Market to Reach $31.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Cosmetic Chemicals estimated at US$21.3 Billion in the year 2020, is projected to reach a revised size of US$31.7 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Emollients, Film-Formers, & Moisturizers, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$10.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Surfactants segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 8.9% CAGR

The Cosmetic Chemicals market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Single-Use Additives Segment to Record 5.5% CAGR

In the global Single-Use Additives segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$3.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period. We bring years of research experience to this 15th edition of our report. The 490-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Akzo Nobel NV
  • Ashland Global Holdings Inc.
  • BASF SE
  • Clariant International Ltd.
  • Dow Inc.
  • Dow Inc.
  • Eastman Chemical Company
  • Evonik Industries AG
  • Firmenich SA
  • Givaudan S.A.
  • International Flavors & Fragrances Inc.
  • LANXESS AG
  • Lonza Group Limited
  • P&G Chemicals
  • Sederma S.A.S
  • Solvay SA
  • Symrise AG
  • The Lubrizol Corporation