Cosmetic Pigments Market forecast Growth, Popular Brands, Trends and Global Demand 2022-2029

Cosmetic Pigments Market

Market Research Future (MRFR) recognizes the following companies as the key players in the global inorganic cosmetic pigments market: Sudarshan Chemicals Industries Limited (India), Kolortek Co., Ltd (China), Sun Chemical (US), Merck KGaA (Germany), Sensient Cosmetic Technologies (US), Kobo Products Inc. (US), Geotech International B.V. (Netherlands), Lanxess AG (Germany), ECKART (Germany), and The Chemours Company (US)

Market Highlights

The CAGR for the cosmetics pigment market is 7.1% from 2021 to 2028. The market was worth USD 10.15 billion in 2020 and is expected to be worth USD 16.90 billion by 2028.

The inorganic cosmetic pigments market is expected to witness a surging growth in the coming assessment period owing to its widespread usage in the cosmetics and personal care industry.The extensive use of various inorganic cosmetic pigments such as titanium dioxide, iron oxide, chromium oxides, and zinc oxide in the cosmetics industry and the various advantages offered by their use are the major factors driving their adoption. However, factors such as stringent regulations and price volatility of key raw materials hamper the growth of the market. Nevertheless, projected rise in demand for inorganic cosmetic pigments in emerging economies and continuous expansion and product launch by key manufacturers is likely to bring lucrative opportunity for the growth of the market in the forecast period. In addition to this, the outbreak of Covid-19 has severely impacted the global market owing to the shutting down of factories, reduction in labor, and decline in production output. However,with the lift of lockdown measures and trade restrictions, the demand is expected to gain pace and drive market growth.

Segmental Analysis

According to MRFR analysis, the global inorganic cosmetic pigments market has been segmented based on type, application,and region.

Based on type, the global inorganic cosmetics pigments market has been segmented into titanium dioxide, iron oxide, chromium oxide, mica, zinc oxide, ultramarines, and others. The titanium dioxide segment accounts for the largest share of over 30% in the global market in 2019. The growth is attributed to its wide application and high consumption in the facial and nail segment of the growing cosmetics industry. Further, titanium dioxide is expected to gain traction in the coming years with a CAGR of over 7.5% from 2020 to 2027.

Based on application, the global market has segmented into facial make-up, lip products, eye make-up, nail products, hair color products, and others. The facial make-up segment accounted for the largest market share of around 30% in the global market in 2019. The growth is mainly attributed to the growing consumption by working women and rising consciousness about physical appearance among millennial women. Further, it is expected to witness a healthy CAGR of over 7% between 2020 and 2027.

Regional Analysis

Geographically, the global inorganic cosmetic pigments market has been segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. As per MRFR analysis, the Asia-Pacific region dominated the global market, accounting for the largest share of around 44%in 2019and is expected to register a CAGR around 7.5% during the forecast period. The market growth can be attributed to the high availability of raw materials, cheap labor, rapid industrialization, and commercialization in the region, especially with the growth of the personal care industry. North Americais followed by Asia-Pacific, which accounted for the second-largest share of the global inorganic cosmetic pigments market in 2019 and recorded significant growth with CAGR around 7% over the forecast period. Europe region is expected to witness moderate growth, with CAGR around5.5% over the forecast period. Latin America and the Middle East and Africa markets are also likely to witness notable growth with CAGR around 6% during the forecast period, 2020–2027.

Key Findings of the Study:

  • The global inorganic cosmetic pigments market is estimated to be valued at around USD 4,600million in2019 and is expected to register a CAGR of around6.8% to reach around USD 7,200 million by the end of 2027.
  • Based on type, the titanium dioxide segment held the largest share of over30% by value in 2019 and is expected to register a CAGR of around 7.5% during the forecast period.
  • Based on application, the facial make-up segment held the largest share of around 30% by value in 2019 and is expected to register a CAGR of around7% during the forecast period.
  • Asia-Pacificaccounted for the largest share in the global market ofaround 44% by value in 2019.

Related Reports

  • Global Cosmetic PigmentsMarket: Information by Composition (Organic, Inorganic), Type (Special Effect, Surface Treated, Nano), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products), Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) — Forecast till 2023


Comments

Post a Comment

Popular posts from this blog

Regulatory Hurdles and Spectrum Access in the Private 5G Market

The private 5G market represents a burgeoning segment within the broader telecommunications industry, focusing on the deployment of 5G networks for private use by enterprises, industries, and organizations. Unlike public 5G networks, which are available to the general public, private 5G networks offer dedicated bandwidth and infrastructure tailored to the specific needs of an organization, providing enhanced security, reliability, and performance. Global private 5G market is expected to be valued at USD 2.0 billion in 2023 and is projected to reach USD 11.8 billion by 2028 ; it is expected to grow at a CAGR of 42.3% from 2023 to 2028 Market Overview The private 5G market is witnessing rapid growth driven by the increasing demand for high-speed, low-latency connectivity that can support advanced applications and the Industrial Internet of Things (Biot). These networks are becoming essential for industries such as manufacturing, logistics, healthcare, and energy, where the need for reli...
Read more

Submarine Cable System Market to grow from USD 18.2 billion in 2024

 Submarine Cable System Market to grow from USD 18.2 billion in 2024 and is expected to reach USD 29.7 billion by 2029, growing at a CAGR of 10.3% from 2024 to 2029. The submarine cable systems market , encompassing a critical infrastructure for global communications and data transfer, has seen significant growth and transformation. As of 2023, this market is valued at several billion dollars, driven by increasing data traffic, the proliferation of cloud services, and the ongoing expansion of internet connectivity worldwide. Market Overview Submarine cable systems are underwater cables laid on the seabed between land-based stations to carry telecommunication signals across stretches of ocean and sea. These cables are pivotal in connecting continents and facilitating international communication, accounting for nearly 99% of global data traffic. Key Drivers Data Traffic Surge : The exponential growth in data consumption, fueled by streaming services, social media, and cloud computing...
Read more

Revolutionizing Industry: The Future of Industrial Control and Factory Automation

The Industrial Control and Factory Automation market is a dynamic and rapidly evolving sector that plays a crucial role in modern manufacturing and production processes. This market encompasses a wide array of technologies, systems, and components designed to enhance industrial operations' efficiency, safety, and reliability. The primary components of this market include control systems, such as Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Supervisory Control and Data Acquisition (SCADA) systems, Human-Machine Interfaces (HMI), and industrial robots. Additionally, the integration of advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing is significantly transforming the landscape. Market Drivers Technological Advancements: The rapid advancement in AI, IoT, and machine learning is driving the adoption of automation solutions. These technologies enable predictive maintenance, real-time monitoring, and ad...
Read more