NEW YORK, Feb 20, 2019
NEW YORK, Feb 20, 2019 /PRNewswire/ -- Persistence Market Research's new market research report titled "Specialty Cosmetic Ingredients Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026", examines the specialty cosmetic ingredients market and offers critical insights for the duration between 2018 and 2026. As per the insights in the report, the specialty cosmetic ingredients market is expected to witness robust growth from 2018 to 2026, owing to the rising demand for conditioning polymers among the various types of specialty cosmetic ingredients available in the market and the increasing demand for specialty cosmetic ingredients from skincare and hair care applications. The market is expected to witness significant growth with a CAGR of 4.4% during the forecast period (2018–2026).
Innovation and New Product Development to Present Growth Opportunities for Market Players
The global specialty cosmetic ingredients market is fairly large with the presence of global manufacturers such as BASF SE, Croda International Plc., Evonik Industries AG, Akzo Nobel N.V., and Solvay SA, among others. These players are observed to be channelizing efforts to expand in high-growth regions and increase their production capacity to meet the growing demand for specialty cosmetic ingredients.
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Besides consolidation, the market has been witnessing prominent growth with the increase in the per capita consumption of cosmetics around the globe. This increase in consumption is aided by the increasing ability of consumers to spend more on personal care and cosmetics, which can further be attributed to the improving economic conditions, globally. Further, the seasonality of cosmetics and personal care products has additionally enhanced the demand for specialty cosmetic ingredients across geographies.
The global specialty cosmetic ingredients market is expected to grow at a high rate, owing to the availability of opportunities in the form of research and development for organic and natural specialty cosmetic ingredients as consumers are increasingly growing more inclined towards the use of cosmetics with natural ingredients. Innovation and new product developments are also expected to present opportunities for market players to further expand their product portfolios in the global specialty cosmetic ingredients market.
Conditioning Polymers Segment to Remain Prominent in Specialty Cosmetic Ingredients Market
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China and India to Offer Ample Growth Opportunities in the Global Specialty Cosmetic Ingredients Market
North America, spearheaded by the United States, is a prominent region with a significant market share in the global specialty cosmetic ingredients market. After North America, Europe is pegged to be a noteworthy region in the global specialty cosmetic ingredients market with the presence of key market players in the region. Besides these regions, countries such as China and India offer ample growth opportunities in the global specialty cosmetic ingredients market.
Specialty Cosmetic Ingredients Market: Vendor Insights
The report highlights some of the leading companies operating in the global specialty cosmetic ingredients market, such as BASF SE, Croda International Plc., Evonik Industries AG, Akzo Nobel N.V., Solvay SA The Dow Chemical Company, Lonza Group, Eastman Chemical Company, Clariant AG, Ashland Global Specialty Chemicals Inc. and Innospec Inc., among others.
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