Showing posts with label Cosmetics & Personal Care. Show all posts
Showing posts with label Cosmetics & Personal Care. Show all posts

Monday, 14 June 2021

Consumer interest in environment-friendly and sustainably produced ingredients in cosmetic and personal care products

 

Several harmful chemicals are still being used as ingredients in makeup products. These chemicals may have an adverse effect on human health and can increase the risks of health hazards when several makeup products are used together. A combination of increased public interest and market trends in the cosmetics industry has led cosmetics manufacturers to seek more natural and sustainable cosmetic emulsifiers. The demand for organic pigments, which are environment-friendly and are manufactured using sustainable technologies, is increasing rapidly. Manufacturing companies are investing to venture into the green market and are following sustainable technologies. The growing demand for cosmetic pigments that are manufactured using natural ingredients and organically produced from renewable raw materials is proving an opportunity for the cosmetic pigments market players.

The market size of cosmetic pigments is estimated at USD 645 million in 2021 and is projected to reach USD 960 million by 2026, growing at a CAGR of 8.3%. The global cosmetic pigments market is driven by the growing demand from color cosmetics and personal care applications. Increased need for product differentiation and growing awareness about the improved appearance of products are boosting the market.

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Recent Developments:
  • In October 2019, Merck expanded its pigment production facility situated in Gernsheim, Germany. The company is increasing the production capacity of silicon dioxide flakes, which is a special substrate for the complete range of unique effect pigments. These pigments offer a unique color shift depending on the angle of observation and help cosmetic and coating manufacturers to create eye-catching formulations.
  • In February 2019, Sun Chemical introduced its new SpectraFlex illusion pigments for soft-focus effects. SpectraFlex Illusion soft-focus effect pigments are used in daily wear makeup primers to help optically blur fine lines and other imperfections. This launch helped the company in strengthening its product offering for personal care applications, such as face powders, body powders, foundation, and other skin care applications.

Asia Pacific is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make Asia Pacific the most preferred destination for the manufacturers of cosmetic pigments. The use of cosmetic pigments as an important additive in various applications such as nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose as is driving the market in China. Asia Pacific is emerging as a leading consumer of cosmetic pigments due to the increasing demand from domestic as well as international markets.

The key players in the cosmetic pigments market include Sun Chemical (US), Sensient Cosmetic Technologies (France), Merck (Germany), ECKART (UK), Sudarshan (India), Kobo Products (US), Clariant (Switzerland), and Geotech (Netherlands). These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, and merger & acquisition.

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Thursday, 19 March 2020

Leading Market Players – Propylene Glycol Market



The propylene glycol market size is projected to reach USD 4.7 billion by 2024 from USD 3.8 billion in 2019, at a CAGR of 4.4%. The growing demand for propylene glycol in countries such as China, India, Japan, and South Korea from the transportation, building & construction, food & beverage, pharmaceuticals, and cosmetics & personal care industries is expected to fuel the growth of the market. The market is evolving, with major players playing a crucial role in the development of new and advanced products.

The Dow Chemical Company (US), LyondellBasell Industries N.V. (Netherlands), and Archer Daniels Midland Co. (US) are the major players in this market.

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The Dow Chemical Company (US) is focused on partnerships to meet the growing demand in the market. In October 2019, the Dow and Evonik entered into an exclusive technology partnership. They are plan to bring a unique method (HYPROSYN) for directly synthesizing propylene glycol from propylene and hydrogen peroxide. Over 100 Evonik employees worked for years to develop this method. The key element is a novel catalytic system developed by Evonik researchers, which allows direct synthesis of propylene glycol from propylene and hydrogen peroxide in a process offering high yield and comparatively low energy consumption.

LyondellBasell Industries N.V. (Netherlands) focuses on expansion to strengthen its market position in the propylene glycol market. In August 2018, the company announced to build the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) plant. The $2.4-B project represents the single-largest capital investment in the company’s history. The plant will start in 2021; the facility will be able to produce 470,000 tpy of PO and 1 MMtpy of TBA per anum.

Archer Daniels Midland Co. (US) is focused on partnerships to meet the growing demand for propylene glycol. In January 2018, the company and Pacific Northwest National Laboratory (PNNL) entered into a partnership to produce bio-based propylene glycol. As a result of the collaborative research between PNNL and ADM, the company now has a full-scale production facility at its manufacturing plant in Decatur, Illinois. The facility employs 140 people and can produce 100,000 metric tons of propylene glycol from renewable sources per year. ADM uses or sells this bio-based product for use in deicers, cosmetics, pet food, and pharmaceuticals, among others.

Tuesday, 24 September 2019

The electronics industry segment of the persulfates market is projected to grow at the highest CAGR

The market size for persulfates is estimated to grow from USD 549.4 Million in 2017 to USD 727.8 Million by 2022, at a CAGR of 5.8% from 2017 to 2022. The growth can be attributed to the increased demand for persulfates from various end-use industries, such as polymers, cosmetics & personal care, electronics, and pulp, paper & textiles.
Increasing demand for persulfates from the electronics industry is expected to boost the persulfate market in this segment. Persulfates are used as cleaning agents and etchants in the printed circuit board manufacturing. With the increasing demand for printed circuit boards, the consumption of persulfates in the electronics industry is projected to grow at the highest rate during the forecast period, in terms of value.
Key Target Audience:
  • Raw Material Suppliers
  • Manufacturers of Persulfates
  • Traders, Distributors, and Suppliers of Persulfates
  • Government & Regional Agencies, Research Organizations, and Investors
The Scope of the Report:
This research categorizes the persulfates market on the basis of type, end-use industry, and region.
Persulfates Market, By Type:
  • Ammonium Persulfate
  • Sodium Persulfate
  • Potassium Persulfate
Persulfates Market, By End-use Industry:
  • Polymers
  • Electronics
  • Cosmetics & Personal Care
  • Pulp, Paper & Textiles
  • Water Treatment
  • Oil & Gas
  • Soil Remediation
  • Others* (includes adhesives, chemical synthesis, pharmaceuticals, photography, and inks & pigments)
Persulfates Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
The persulfates market in Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022. China is the largest market for persulfates in Asia Pacific. The growth in the demand for polymers from the packaging and construction industries, and the rising consumption of cosmetics & personal care products are expected to drive the market for persulfates in APAC.
Key companies profiled in this research report on the persulfates market include PeoxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), and Fujian Zhanhua Chemical Company (China).

Non-Biodegradable Plastics to Lead Bioplastics & Biopolymers Market During Forecast Period

In recent years, there has been a growing awareness that the use of non-biodegradable plastics is leading to large amounts of plastic waste ...