Cosmetic Pigments Market to Reach USD 1,087 Million during the forecast period 2019-2025
Published | September 2019
According to BlueWeave Consulting, Global Cosmetic Pigments market worth USD 612 Million in 2018 and anticipated to grow at a CAGR of 7.2% to garner USD 1,087 Million during the forecast period 2019-2025. Factors Such as high development of specialty applications expending cosmetic pigments over the world, combined with effective and predominant properties of cosmetic pigments. Fast increment sought after in end-use applications, competitive manufacturing expenses, and high financial development rate is moving the cosmetic pigments market in the Asia Pacific. These components are drawing in organizations to embrace extensions and R&D techniques in the region.
Intense demand in Cosmetic pigments in the plan of different corrective items will move the interest for Cosmetic pigments during the gauge time frame. Because of the expanding shopper spending and rising mindfulness about different Cosmetic pigments, the market for Cosmetic pigments is required to develop at a positive pace.
The Inorganic Pigments Section Holds the Largest Market Share in the Global Cosmetic Pigments Market
In light of elemental composition, the cosmetic pigments market has been ordered into inorganic and organic pigments. Inorganic pigments are anticipated to be the quickest developing fragment of the cosmetic pigments market, by elemental composition, during the conjecture time frame. Inorganic pigments are metal mixes, for example, oxides (for example, titanium oxide). Inorganic pigments comprise of dark white colors, which are utilized to give murkiness and to help different hues. These pigments are less extreme in shading than natural colors. Hence, there is an intense interest in titanium dioxide since it is broadly utilized in all the cosmetic pigments applications and is a fundamental component in all the cosmetic pigments types.
Europe Holds a Significant Share in the Global Cosmetic Pigments Market
Europe was the biggest market for restorative shades, which represented the biggest offer, as far as worth, in 2018. The corrective shades advertise in Europe is sectioned into Germany, France, the UK, Italy, Spain, and Rest of Europe. The makeup and individual consideration industry in Europe creates exceptional items utilizing trend-setting innovation, for example, surface treatment and pigment scattering. The interest in quality-based cosmetic and personal care products is driving the cosmetic pigments market in this district.
North America is the second-largest market shareholder in terms of higher utilization owing to the high disposable incomes of the common people and new product launches in the global cosmetic pigments market. Emerging economies of the Asia Pacific region, namely India and China, are also anticipated to register a higher growth rate in the cosmetic pigments market during the forecast period. China is projected to be the key consumer region of cosmetic pigments as it accounts for the major share in the entire Asia Pacific region.
The global cosmetic pigments market: Competitive Insight
The key players profiled in the global cosmetic pigments market includes companies like ECKART (UK), Sudarshan (India), Kobo Products (US), Clariant (Switzerland), and Geotech (Netherlands), Sun Chemical (US), Sensient Cosmetic Technologies (France), Merck (Germany), and BASF (Germany). These brands adopted different organic and inorganic growth strategies between the forecast period 2014 and 2019 for boosting their position in the market. Expanding their business, was among the prime growth strategies implemented by these leading market players for enhancing their regional presence along with meeting the growing demand for cosmetic pigments from the developing and emerging economies.
Browse Detailed Analysis with TOC, “Global Cosmetic Pigments Market by Type (Surface treated, Special Effect, Nano), by Composition (Inorganic and Organic), by Application (Eye Makeup, Facial Makeup, Lip Products, Hair Color Products, Nail Products) by Regional Outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2019-2025”