The latest COVID-19 impact insights on the Global Top 10 Care Chemicals Market, MarketsandMarkets Study

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Care chemicals are used in cosmetics and other personal care products. Cosmetic pigments, fragrance ingredients, and color cosmetics are some of the widely used care chemicals. Cosmetic pigments are used in manufacturing cosmetic and personal care products for color enhancement. With the increasing demand for various cosmetic & personal care products, the use of cosmetic pigments is also increasing. Consumers presently are demanding products that enhance their skin tone. This has increased the demand for cosmetic pigments such as TiO2 and ZnO, which are widely used in root makeup products. Cosmetic pigments are used in nail products, lip products, eye makeup products, facial makeup products, hair color products, special effects, and special purpose products.

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The lifestyle and consumer preferences changes within a short period of time. The product life cycle of a particular fragrance is becoming shorter, due to the increase in competition among manufacturers to diversify their product portfolios. Traditional fragrances such as rose, jasmine, and lavender still occupy significant market share; however, consumers continue to demand new fragrances, which has led to the conception of many new essences such as wood, chocolate, and vanilla. These fragrances are being introduced in consumer products such as soaps, deodorants, and shampoos. With the evolving consumer preferences, manufacturers are driven to introduce products with diverse fragrances.

Active ingredients for cosmetics is another fast growing segment due to accelerating demand for sun protection, anti-aging, and skin whitening creams. The rise in global warming and increase in temperature is affecting the skin epidermal layer. The harmful radiations from sun destroy the epidermal layer leading to water loss and dryness in skin, thus, destroying the cell and further causing pigmentation disorder, skin cancer, wrinkles, blemishes and the sun burns among others. To protect the skin from such effects, people are getting more conscious of using a variety of products to treat their skin and avoid such situations of their skin getting damaged with the environmental effects. There is a surge in use of sun protection products with a variety of options to suit every skin’s need. From varying SPF (sun protection factor) to additional benefits like pigmentation control, the sun protection products are gaining momentum.

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There are many players in the care chemicals market such as AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant AG (Switzerland), Evonik Industries AG (Germany), and Lonza Group Ltd. (Switzerland) Major manufacturers based in this region are experiencing various challenges such as, competition from new & existing players, pressure from environmental agencies, and demand for eco-friendly products

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