Global Cosmetic Pigments Market to Gain Traction as Innovative Products Breeze in
As per the statistics of a report available at DecisionDatabases.com, the global cosmetic pigments market could achieve revenue of US$13.4 Billion by 2023 from US$8.1 Billion in 2016 with a 7 % CAGR for the forecast period 2017–2023. The prominent players influencing the global cosmetic pigments market are Kobo Products Inc., Sun Chemical, Sudarshan Chemical Industries, Sensient Cosmetic Technologies, EMD Performance Materials, Lanxess, Geotech International B.V., BASF SE, and Clariant.
In this article, researchers at DecisionDatabases.com answer some important queries regarding the global cosmetic pigments market:
What are the prime factors that influence the growth of the global cosmetic pigments market?
The growth of cosmetic pigments market in the coming years will be propelled by the changing fashion trends all around the world. The demand for cosmetic pigments market across the world is driven by the increasing demand for cosmetic products such as face powders, foundations, and moves. Also the introduction of innovative products and increase in the purchasing power of the people are the key factors which are responsible for driving the global cosmetic pigments market. However, adoption of Western culture across the globe is anticipated to bolster the growth of global cosmetic pigments market in the near future.
Which segment will report a higher usage of global cosmetic pigments market in future?
The report sectioned the global cosmetic pigments market on the basis of the composition into organic (lakes, toners, and true) and inorganic (titanium dioxide, chromium dioxide, zinc oxide and iron oxide). Among these, the greatest market share is acquired by the inorganic cosmetic pigments owing to the changing fashion trends and increasing spendable income of consumers. There is an increasing demand for metal oxides such as iron oxide and titanium dioxide owing to their growing use in the manufacturing of different cosmetic products. On the basis of application, the global cosmetic pigments market is segmented as nail products, lip products, eye make-up, facial make-up, special effect and special purpose products. Among these, the facial make-up application is the most influential segment of the global cosmetic pigments market. The cosmetic pigments market is anticipated to be led by the special effect pigments in the near future. Thanks to the increasing demand for pearlescent and the increasing application in the manufacture of various cosmetic products, which give it the luster and shine. By technology, the global cosmetic pigments market is segregated into pigment dispersion and surface treatment.
Which of the regional markets will take the lead in the global cosmetic pigments market?
Geographically, the report segments the global cosmetic pigments market into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The biggest market for cosmetic pigments across the world is acquired by Europe due to the higher consumer base. However, increasing demand for facial make-up in the European countries may uplift the global market growth for cosmetic pigments. Emerging markets in the Asia-Pacific region and Latin America are facing huge demand for cosmetic pigments applications such as lip products, hair colour products, eye makeup, nail products, special effect & special purpose products and others. This is anticipated to propel the global cosmetic pigments market in the near future. Also, technological advancements and higher spending on research and development activities further escalate the Asia Pacific market.
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