According to the recent 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 accounted for USD 19.38 billion in 2020 and is expected to amass significant growth through 2026.

The major factors driving the global cosmetics chemicals market growth are rising consumer awareness for beauty and skincare products, an increase in demand for products that include active ingredients, high customer inclination towards natural components, and rapid technological innovation.

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Notably, cosmetic ingredients include emollients, colorants, rheology control agents, surfactants, emulsifiers, and preservatives. The most common additives used in personal grooming and cosmetic goods are cosmetic chemicals, which are a blend of synthetically created chemical compounds.

Global cosmetic chemicals marketplace is segmented by type, application spectrum, and regional overview.

As per type, the market is divided into surfactants, polymer ingredients, preservatives, and others. Polymer ingredients segment account for the largest market share and is likely to depict similar growth trends during the forecast duration owing to the increasing addition of polymers to improve the water resistance and other long-term properties of a number of cosmetic products.

By application reach, the market is segregated into hair care, skincare, makeup, and others. The skincare segment is expected to witness stellar growth during the estimated timeframe due to a rise in awareness regarding beauty trends and an increase in demand for anti-aging products among the middle-aged population.

The regional terrain of the global cosmetics chemical industry extends to Asia Pacific, Europe, the Middle East & Africa, Latin America, and North America. Asia Pacific is likely to emerge as a key revenue generator for the market participants in the coming years given the growing emphasis on skincare products and rising consumers purchasing power.

The competitive landscape of global cosmetics chemical market sphere consists of companies Evonik Industries, Eastman Chemicals Company, BASF SE, Givaudan, Dow Chemicals, Clariant International Ltd, FMC Corporation, Lonza Group AG, Ashland Inc., and AkzoNobel.