Cosmetic Pigments Market is anticipated to grow at a healthy
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Market Industry Reports (MIR) has published a new report titled “Cosmetic Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global cosmetic pigments market was valued at over US$ 500.0 Mn in 2018 and is anticipated to grow at a significant CAGR during the forecast period of 2019-2030.
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Prominent Players in Cosmetic Pigments Market
BASF SE, Clariant, Huntsman, Sensient Cosmetic Technologies, LANXESS and Kobo Products Inc. are some of the key players present in the cosmetic pigments market. To meet the rising demand and to reduce their manufacturing costs players are shifting their manufacturing base in emerging economies such as India and China. New product launches is another strategy adopted by players present in this market.
Stringent Government Guidelines
Cosmetic pigments manufacturers have to follow stringent government guidelines while manufacturing pigments. This is acting as the major factor hampering the market growth. Moreover, maintaining the quality of the product is another challenge face by the manufacturers which impacts negatively towards the market growth.
Asia Pacific Region Offers Huge Market Potential
Asia Pacific region is anticipated to witness fastest growth over the next few years. Rise in purchasing power of the consumer, adoption of western culture, improving lifestyle, and rising awareness regarding self-grooming are the factors driving the market growth. Moreover, Asia Pacific market is also witnessing growth owing to low labor cost and easy availability of raw materials. Furthermore, ongoing R&D initiatives and technological advancement are the factors bolstering the market growth. India, China, South Korea, and Malaysia are the main economies driving the cosmetic pigments market growth in Asia Pacific region.
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Rising demand from Cosmetic Industry
The cosmetic pigments market is driven by growing cosmetic industry. The cosmetic industry is projected to reach over US$ 25 billion by 2030. Cosmetic pigments are used in cosmetic industry to impart colors, enhance the strength and uniqueness in shades of color. The cosmetic industry is driven by rise in purchasing power of the consumer, growing interest to enhance the overall appearance and changing fashion trends. As the market for cosmetics products is witnessing growth, it will in turn support the demand for cosmetic pigments.
Key Points of Table Of Content
• INTRODUCTION
• RESEARCH METHODOLOGY
• ABSTRACT OF THE STUDY
• MARKET DYNAMICS ASSESMENT
• UNIQUE SELLING PROPOSITIONS (USPs)
• MARKET, BY THERAPY
• MARKET, BY TYPE
• MARKET, BY END USER
• MARKET - ANALYSIS & FORECAST, BY REGION
• COMPETETIVE LANDSCAPE
• COMPANY PROFILES(Business Overview, Products & Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)
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