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The cosmetic polymer ingredients market size is projected to reach US$ 11.59 billion by 2031 from US$ 7.86 billion in 2023; the market is expected to register a CAGR of 5.0% during 2023–2031. The rising consumer preference for natural products is expected to be a key trend in the market.
Cosmetic Polymer Ingredients Market Analysis
A growing emphasis on beauty trends, fashion, media, and celebrity culture is noticed among European consumers. As per Cosmetics Europe – The Personal Care Association, the European personal care and cosmetics market was valued at ~US$ 94 billion in 2022. The personal care and cosmetics industry adds ~US$ 30 billion to the European economy. According to The Cosmetic, Toiletry, and Perfumery Association, in 2023, Germany held the largest revenue share in the European personal care and cosmetic products market. Polymers are macromolecules essential for the development of cosmetic formulas owing to their ability to modify rheology and provide stability. Therefore, the increasing demand for personal care and cosmetic products fuels the cosmetic polymer ingredients market growth.
Cosmetic Polymer Ingredients Market Overview
Polymers are routinely used in various personal care and cosmetic products. These polymers impart unique benefits to personal care and cosmetic formulations. The range of properties is as varied as the class of polymers that have been utilized. A few of the common types of polymers used in cosmetics are polyethylene glycol, acrylic acid-based, vinyl acetate, silicone, cellulose, collagen, pectin, xanthan gum, and chitosan.
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Cosmetic Polymer Ingredients Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cosmetic Polymer Ingredients Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Cosmetic Polymer Ingredients Market Drivers and Opportunities
Rising Sales of Beauty Products Through E-Commerce Bolsters Market Growth
The emergence of e-commerce has transformed the shopping experience for people looking to purchase beauty products. The burgeoning penetration of smartphones and the internet, the increasing purchasing power of consumers, rising access to emerging technologies, and the convenience provided by online retail shopping platforms are bolstering the e-commerce industry. As per the US Census Bureau of the Department of Commerce, estimated sales of US retail e-commerce for the first quarter of 2024, adjusted for seasonal variation, was US$ 289.2 billion, indicating a 2.1% rise from the sales recorded in the fourth quarter of 2023. With a surge in the e-commerce sector, the consumption of beauty products is also growing. Thus, the rising sales of beauty products through online sales channels propels the cosmetic polymer ingredients market.
Strategic Initiatives by Key Market Players to Create Growth Opportunities
Key manufacturers operating in the cosmetic polymer ingredients market are investing significantly in strategic development initiatives such as product innovations, research and development, mergers and acquisitions, and business expansions to attract a broad customer base and enhance their market position. In June 2023, Solvay SA announced the launch of Naternal, bio-based biodegradable polymers for biodegradable by-design hair and skin care solutions. Further, in October 2023, BASF SE announced its investment plans to begin the production of cosmetic ingredients at its Düsseldorf site. This new plant is expected to produce emollients for skin care and sun protection products and is expected to commence its operations by 2025. Thus, such strategic initiatives by key market players to acquire other enterprises, introduce innovative products, and expand their current production capacities are expected to create lucrative opportunities in the cosmetic polymer ingredients market during the forecast period.
Cosmetic Polymer Ingredients Market Report Segmentation Analysis
Key segments that contributed to the derivation of the cosmetic polymer ingredients market analysis are type, category, function, and application.
- By type, the market is segmented into polyethylene glycol, acrylic acid-based, vinyl acetate, silicone, cellulose, collagen, pectin, xanthan gum, chitosan, and others. The silicone segment dominated the market in 2023.
- By category, the market is segmented into natural, synthetic, and semi-synthetic. The synthetic segment dominated the market in 2023.
- By function, the market is segmented into rheology modifiers, stabilizers, emulsifiers, film formers, conditioning, and others. The rheology modifiers segment dominated the market in 2023.
- By application, the market is segmented into skincare, hair care, makeup, and others. The skincare segment dominated the market in 2023.
Cosmetic Polymer Ingredients Market Share Analysis by Geography
The geographic scope of the cosmetic polymer ingredients market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific held the largest market share in 2023 and is expected to register the second-highest CAGR during the forecast period. Several countries in the Asia Pacific generate a vast demand for growth serums, creams, shampoos, and conditioners, among other hair care products, owing to the increasing awareness of the benefits of haircare routine. Thus, the growing importance and demand for haircare products drive the cosmetic polymer ingredients market in Asia Pacific. Moreover, the development of artificial intelligence (AI) and IoT-based devices that offer personalized skin nourishment solutions are expected to raise the standards of the beauty and personal care industry in Asia Pacific, which is likely to favor the cosmetic polymer ingredients market in the future. The Indian beauty and cosmetic industry has matured and expanded in the last few years, owing to the increasing use of e-commerce platforms and last-mile access to customers in its Tier-II and Tier-III cities. In addition, the expanding middle class and rising disposable income result in a significant demand for premium cosmetic products in the country. According to Invest India, the country has become a global hub of cosmetic products owing to low labor costs, advancement in digital infrastructure, and high internet penetration. Thus, the flourishing cosmetics industry propels the demand for cosmetic polymer ingredients in the country.
Cosmetic Polymer Ingredients Market Report Scope
Cosmetic Polymer Ingredients Market News and Recent Developments
The cosmetic polymer ingredients market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the cosmetic polymer ingredients market are listed below:
- Clariant AG announced the acquisition of Lucas Meyer Cosmetics, a provider of high-value ingredients for the cosmetics and personal care industry, from IFF for an enterprise value (EV) of US$ 810 million. This acquisition enables Clariant AG to strengthen its market position. (Clariant, Company Website/News, 2024)
- The Lubrizol Corporation announced the opening of its Beauty Research Institute in Shanghai, China. The site serves as a strategic hub to further grow in vivo beauty testing capabilities, applying decision science to enable next-generation beauty ingredients, empower innovation collaboration, and enhance speed to market for Lubrizol beauty and personal care customers worldwide. (The Lubrizol Corporation, Company Website/News, 2024)
- BASF SE announced an expansion in its production capacity for cosmetic ingredients at its Düsseldorf site. This new plant is expected to produce emollients for skin care and sun protection products after the projected commencement of operations in 2025. (BASF, Company website/News, 2023)
Cosmetic Polymer Ingredients Market Report Coverage and Deliverables
The “Cosmetic Polymer Ingredients Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Cosmetic polymer ingredients market size and forecast for all the key market segments covered under the scope
- Cosmetic polymer ingredients market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Cosmetic polymer ingredients market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the cosmetic polymer ingredients market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The silicone segment held the largest share of the global cosmetic polymer ingredients market in 2023. Silicones are synthetic ingredients manufactured from silicon, and they are available in the form of oils and gels with a nearly thick texture. They are broadly used in cosmetics due to their high stability, water repellency, and spreadability.
Some of the key players in the cosmetic polymer ingredients market include SNF, Cargill Incorporated, The Dow Chemical Co, BASF SE, Evonik Industries AG, Clariant AG, Ashland Inc, Solvay SA, Arkema SA, Nouryon Chemicals Holding BV, Sensient Technologies Corp, The Lubrizol Corporation, SOPHIM IBERIA S.L., Derypol, and 3V Sigma S.p.A.
The market is expected to register a CAGR of 5.0% during 2023–2031.
The rising consumer preference for natural products is expected to be a key trend in the market.
The increasing demand for personal care products and cosmetics, and the rising sales of beauty products through e-commerce are driving the market.
In 2023, Asia Pacific held the largest share of the cosmetic polymer ingredients market. The growing importance and demand for haircare products drive the cosmetic polymer ingredients market in Asia Pacific.
The List of Companies - Cosmetic Polymer Ingredients Market
- SNF
- Cargill Incorporated
- The Dow Chemical Co
- BASF SE
- Evonik Industries AG
- Clariant AG
- Ashland Inc
- Solvay SA
- Arkema SA
- Nouryon Chemicals Holding BV
- Sensient Technologies Corp
- The Lubrizol Corporation
- SOPHIM IBERIA S.L.
- Derypol
- 3V Sigma S.p.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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