Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 26.36 Billion | USD 56.85 Billion | 7.99% | 2024 |
FrequentlyAsked Questions
Cosmetic chemicals are substances used in the formulation and production of cosmetics, personal care products, and beauty products. They are ingredients that provide specific functions and properties to these products, such as enhancing their appearance, texture, stability, fragrance, and overall performance. Cosmetic chemicals can be derived from both natural and synthetic sources.
The global cosmetic chemicals market is expected to grow due to Growing demand for personal care and beauty products fuels market growth. Rising consumer preference for organic and functional ingredients also drives innovation.
According to a study, the global cosmetic chemicals market size was worth around USD 26.36 Billion in 2024 and is expected to reach USD 56.85 Billion by 2034.
The global cosmetic chemicals market is expected to grow at a CAGR of 7.99% during the forecast period.
North America is expected to dominate the cosmetic chemicals market over the forecast period.
Leading players in the global cosmetic chemicals market include BASF SE, Dow Chemical Company, Croda International PLC, Evonik Industries AG, Ashland Global Holdings Inc., Clariant AG, Lonza Group Ltd., Akzo Nobel N.V., Solvay SA, Eastman Chemical Company., among others.
The report explores crucial aspects of the cosmetic chemicals market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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