Global Cosmetic Preservative Market is expected to reach
USD 458.8 million by 2024, according to a new report by Grand View
Research, Inc. The increasing demand for natural preservatives such as thyme,
clove, cinnamon and tea tree coupled with growing awareness for personal
hygiene are some of the major factors that augment the growth of the Cosmetic
Preservative Market.
The multiplying demand for sunscreens, lotions, and
anti-ageing creams in Asia Pacific is also anticipated to positively impact the
demand growth over the forecast period. Growing demand for herbal & natural
ingredients in cosmetics is expected to drive the demand for organic
preservatives.
Full Research Report on Global Cosmetic Preservative
Market Analysis:
Further key findings from the report suggest:
- The
phenol derivatives emerged as the leading product segment and accounted
for 35.7% of total revenue in 2015.Growing demand for phenoxyethanol used
in creams and lotions is spur market growth over the forecast period. The
segment is also expected to witness the highest growth of 6.4% from 2016
to 2024.
- Skin
& sun care emerged as the leading application segment and accounted
for 39.2% of global revenue in 2015. Growing awareness regarding the
harmful effects of ultra-violet rays on the skin is expected to spur the
Cosmetic Preservative Market growth.
- Cosmetic
preservatives demand in toiletries is also expected to witness significant
growth over the forecast period. Rising standard of living particularly in
Asia Pacific has prompted the demand for toiletries in the recent past
which is expected to propel the demand for cosmetic preservatives in this
segment.
- Asia
Pacific emerged as the leading regional market and accounted for 35.0% of
global revenue in 2015. Asia Pacific is expected to witness the highest
growth on account of the growing production and demand of cosmetic
products.
- New
product formulations and demand for herbal & organic ingredients in
cosmetics is expected to drive the regional market over the forecast
period. Rising economic standards and growing awareness about personal
grooming and hygiene are also anticipated to boost the cosmetics market
growth which will, in turn, have a positive impact on the global Cosmetic
Preservative Market.
- Some
leading companies operating in the global cosmetic preservatives market
include Lonza Group, The Dow Chemical Company, Ashland Inc., Symrise AG,
BASF SE, Clariant AG, Akema Fine Chemicals, Brenntag AG, and Chemipol.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research
has segmented the Global Cosmetic Preservatives Market on the basis of product,
application, and region:
Global Cosmetic Preservatives Product Outlook (Revenue,
USD Million, 2014 - 2024)
- Paraben
esters
- Formaldehyde
donors
- Phenol
derivatives
- Alcohols
- Quaternary
compounds
- Organic
acids
- Others
Global Cosmetic Preservatives Application Outlook
(Revenue, USD Million, 2014 - 2024)
- Skin
& sun care
- Hair
care
- Toiletries
- Fragrances
& perfumes
- Makeup
& color
- Others
Global Cosmetic Preservatives Regional Outlook (Revenue,
USD Million, 2014 - 2024)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- Middle
East and Africa
- South
Africa
- Turkey
View press release of this research report by Grand View
Research: http://www.grandviewresearch.com/press-release/global-cosmetic-preservative-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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