Cosmetic Preservatives Market Worth 348.3 Million USD by 2020
The global cosmetic preservatives market is expected to reach USD 348.3 Million by 2020, and is expected to grow at a CAGR of 6.1% from 2015 to 2020.
Pune, April 14, 2016 (Newswire.com) - The report "Cosmetic Preservatives Market by Type (Paraben Esters, Formaldehyde Donors, Phenol Derivatives, Alcohols, Quaternary Compounds, Organic Acids and Their Salts, Inorganics, Others), Application, & Region - Global Forecast to 2020", is expected to reach USD 348.3 Million by 2020, at a CAGR of 6.1% from 2015 to 2020. The European market is expected to grow at a high CAGR as compared to other regions. New product developments, rising demand for premium personal care products, awareness for better health and hygiene, and rising disposable income are factors influencing the overall demand of cosmetic preservatives market.
Browse 103 tables and 51 figures spread through 139 Pages and in-depth TOC on "Cosmetic Preservatives Market - Global Forecast to 2020"
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Lotions, Facemasks, Sunscreens & Scrubs are major applications in the global cosmetic preservatives market
The growing awareness regarding beauty products is boosting sales for skin care products, which in turn, is increasing the demand for cosmetic preservatives. Lotions, facemasks, sunscreens & scrubs are some of the largest applications covered in cosmetic preservatives industry.
Phenol Derivatives dominates the global cosmetic preservatives market
Phenol derivatives have been used in cosmetic products for several years and are effective against a wide range of microbes. The most common type of phenol derivatives is phenoxyethanol, which is widely used in the chemical industry. Phenoxyethanol, glycol ether, is used on a large scale in cosmetic products as a preservative, and has emerged as the best alternative to parabens. Phenol derivatives are used as stabilizing agents in various products, such as perfumes, sunscreens, shampoos, ointments, and creams.
Americas dominates the global cosmetic preservatives market
The cosmetic preservatives market in America is highly competitive and is the largest consumer of these preservatives. Large multinational companies dominate the market as they invest millions in advertising, and in research and development. Many smaller brands however gained share in 2014, with organic and natural based cosmetic preservatives. Globally, the increasing purchasing power will help consumers buy more premium products that will benefit the cosmetic preservatives industry. The major market players in America are The Dow Chemical Company, Ashland Inc., and AE Chemie.
Some of the key players operating in the global cosmetic preservatives market include Lonza Group Ltd (Switzerland), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), and others.
The market for cosmetic preservatives has been segmented by type, application, & region. The report focuses on current market trends, estimates, and forecast from 2015 to 2020. The key strategic activities in this market, including mergers and acquisitions, partnerships, and product launches/developments have also been covered, which provide deep insights about growth perspectives.
Source: http://www.marketsandmarkets.com/Market-Reports/cosmetic-preserv