According to the research report titled ‘Global Cosmetic Chemicals Market: Analysis By Type (Polymer Ingredients, Surfactant, Preservatives, Others), Application By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global cosmetic chemicals market was worth USD 19.38 billion in 2020 and is anticipated to amass notable returns by the year 2020.

The expansion of global cosmetic chemicals market is attributed to consumer awareness of beauty and skincare products, as well as preference for products containing active ingredients, and rising demand for natural components.

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For the unversed, the most common ingredients used in personal care and cosmetic goods are cosmetic chemicals, which are a blend of synthetically created chemical compounds. Cosmetics contain a variety of substances such as colourants, rheology control agents, surfactants, emollients, emulsifiers, and preservatives.

Based on type terrain, polymer ingredients segment holds a significant industry share at present, owing to addition of these ingredients in personal care products like sun care, hygiene, skin care, hair fixative & film forming, and colour cosmetics.

In terms of application spectrum of worldwide cosmetic chemicals industry, skin care segment holds a sizable revenue share at present, due to flourishing retail sector in emerging nations as well as increasing demand for anti-aging products among the middle-aged population, and rising consumer awareness of ever-changing beauty trends.

Regionally speaking, Asia Pacific market is slated to grow at a rapid pace over the forecast timeline, on account of various skincare applications of the product, and growing purchasing power of costumers in countries like China and India.

Coming to the competitive hierarchy, Akzo Nobel N.V., BASF SE, Ashland Global Specialty Chemicals Inc., Evonik Industries AG, Lonza Group AG, Clariant International Limited, Givaudan, FMC Corporation, Dow Chemical Company, and Eastman Chemical Company are the leading players influencing the global cosmetic chemicals market outlook.