Market Research Report – Global Chemicals for Cosmetics and Toiletries Market 2015-2019
The key players in the Global Chemicals for Cosmetics and Toiletries Market: AkzoNobel, BASF, Evonik Industries, Solvay-Rhodia and Stepan
Other Prominent Vendors in the market are: Aarhuskarlshamn, Active Organics, Ajinomoto, Akema Fine Chemicals, AkzoNobel, Arkema, Ashland, BASF, Bayer, Bio-Botanica, Biochemica International, Biosil Technologies, Centerchem, Clariant International, Croda International, Dow Chemical, Eastman Chemical, ECKART, Elementis, Emery Oleochemicals, Ercetin Rose Oil, Evonik Industries, Fenchem Biotek, Firmenich International, FMC BioPolymer, George Uhe, Givaudan, Gyan Flavours Export, Honeywell International, Hubei Xiangxi Chemical Industry, Impact Colors, International Flavors and Fragrances, Interpolymer, Jeen International, J.M. Huber, Lonza Group, Lubrizol, Merck, Pilot Chemical, Presperse, Royal DSM, Sandream, Schulke and Mayr, Shell Chemicals, SILAB, Solvay-Rhodia, Sonneborn, Sophim, Sozio Alpine Aromatics International, Stepan, Symrise, Terry Laboratories, US Cosmetics, Ultra Chemical, United-Guardian, Viva Corp and Wacker Chemie
Commenting on the report, an analyst from Technavio’s team said: “While premium brands are generally sold in retail chains or cosmetic stores, some renowned brands have extended their presence into supermarkets/hypermarkets, aiming to compete with simpler, mass market brands. With the creation of smaller and more accessible packaging, this is reaching to a consumer base with less purchasing power. But this not the trend for major premium brands, which still sell their products via traditional channels.”
According to the report, it is expected that the market will be driven by the introduction of innovative new active ingredients for cosmetic and toiletry formulations. The increase in awareness of the ill-effects of chemical use in cosmetics has led to the introduction of new natural or bio-based ingredients. Such natural ingredients are derived from a variety of sources such as plants and marine organisms. The demand for marine-based natural products has increased substantially in the cosmetics and skin care segments. Such natural ingredients and raw materials are preferred especially by natural cosmetics companies. For instance, Aqua Bio Technology’s product Aquabeautine XL will be supplied to Amway for use in Amway’s Artistry range of skin care products.
Further, the report states that one of the major challenges is the regulatory barriers that need to be overcome to use active ingredients in cosmetics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.