Global Cosmetic Chemicals Market to Reach $19.2 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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The global cosmetics and toiletries market has not been spared from the global economic downturn. Consumers in emerging economies such as China, India and Brazil are not subject to a credit squeeze of the same magnitude as that in developed markets such as Western Europe and the US. Driven by demand from emerging economies, the global market for cosmetic chemicals is projected to reach $19.2 Billion by 2015.

Cosmetic Chemicals: A Global Strategic Business Report

The global cosmetics and toiletries market has not been spared from the global economic downturn. Difficulty in obtaining credit and weakening consumer confidence has affected consumer spending on cosmetics. However, the financial downturn has attracted varied response from different regional cosmetics markets. Consumers in emerging economies such as China, India and Brazil are not subject to a credit squeeze of the same magnitude as that in developed markets such as Western Europe and the US. Presence of large domestic markets has cushioned these emerging economies from the deepening economic crisis. The cosmetics and toiletries market in emerging economies is still in its nascent stage, and holds promise for dynamic growth in upcoming years.

Consumption of cosmetics and toiletries is not restricted to the female population alone. Male grooming products have also emerged as an attractive segment. Skin and hair care products, face cleansers, and premium shaving products are proving attractive offerings for the male grooming products market. Cosmetics containing natural and organic ingredients are becoming a rage in European and North American markets. Rising environmental concerns, growing awareness about sustaining resources, carcinogenic nature of synthetic cosmetic ingredients have propelled growth of natural and organic ingredients in cosmetics.

Global market for cosmetic chemicals is projected to reach US$19.2 billion by 2015, as stated by Global Industry Analysts, Inc. The ageing baby boomer population is the dominant consumer group for natural or organic ingredients-based cosmetics. This consumer group exhibits low levels of brand loyalty and expects quick results. Cleansing agents and foamers market forms the largest product segment in 2009. Europe constitutes the largest cosmetic chemicals market.

Despite the presence of several manufacturers, nearly 50% of the global cosmetic chemicals industry is dominated by a handful of 20 players. Multinational players enjoy the availability of larger resources for investing in research and development for improving purity, performance, safety, data documentation, and efficiency of products, thus gaining a competitive edge in the global market. Large multinational players also flaunt the capacity to supply chemicals to leading cosmetic manufacturers across the globe. In developed markets such as Western Europe and North America, the dominant portion of sales of cosmetic chemicals is directly to the cosmetic industry, while sales to distributors, specialty formulators, and agents account for a sizeable share.

Key players dominating the global cosmetic chemicals market include Akzo Nobel Surface Chemistry LLC, BASF SE, Ciba Specialty Chemicals Holding Inc, Clariant International Limited, Cognis Deutschland GmbH & Company KG, Croda International plc, Sederma, S.A.S, Dow Chemical Company, Dow Corning Corporation, Evonik Degussa GmbH, Firmenich S.A., Givaudan S.A., International Flavors & Fragrances Inc., International Specialty Products Inc., Lanxess AG, Novozymes A/S, Rohm and Haas Company, ROYAL DSM N.V, and Symrise GmbH & Co. KG.

The report titled "Cosmetic Chemicals: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of world market trends and drivers, market sizing data, industry issues and challenges. The study presents extensive commentary on the cosmetic chemicals industry, new product introductions, recent industry activity and key player profiles. The study offers market data analytics in dollar terms for major regional markets such as United States, Canada, Japan, France, Germany, Italy, UK, Spain, Rest of Europe, Asia Pacific and Rest of World. Key product segments analyzed include Cleansing Agents & Foamers, Emollients & Moisturizers, Fragrances & Flavors, Processing Aids, and Specialty Additives (Active Ingredients, Colorants, Conditioning Agents, Preservatives and Other Additives).

For more details about this research report, please visit
http://www.strategyr.com/Cosmetic_Chemicals_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com

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