Market Scenario of Cosmetic Pigments Market —
Cosmetic Pigments are composed of either organic or inorganic materials. The inorganic pigments are produced from coal tars and other chemicals whereas Organic Materials are manufactured from aromatic hydrocarbons. These pigments offer insolubility, waterproof resistance, and long-life nature to the product. Moreover, changing lifestyle and growing health, beauty concerns among men and women are the important trends and factors promoting the market positively. Therefore, they are used in various applications such as facial makeup, eye makeup, lip products, nail products, hair color products, and others.
Top 10 key Players in Global Cosmetic Pigments Market & Competitive Analysis:
Some of the major players functioning in the Global Cosmetic Pigments Market are Sun Chemical Corporation (U.S.), Sensient Cosmetic Technologies (France), Merck KGaA (Germany), Sudarshan Chemical Industries Limited (India), Kobo Products Inc (U.S.), BASF SE (Germany), Clariant (Switzerland), Huntsman International LLC (U.S.), LANXESS (Germany), and Geotech International B.V. (the Netherlands) among others.
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Among the various segments in the Cosmetic Pigments Market, the Organic Pigments segment has witnessed a notable growth due to its boundless use in various applications such as dyes, lip products, and others. They are classified further as toners, lake colors and true pigments in cosmetics and healthcare industries. Additionally, they also impart cost-effective nature and improves the structural properties of the product. Therefore, the Organic Pigments are expected to continue its dominance in the market owing to its endless use in cosmetics industries over the forecast period.
Market Segmentation of Cosmetic Pigments Market
The Global Cosmetic Pigments Market is segregated into the composition, type, and application. On the basis of the composition, the market is further categorized into organic and inorganic segments. On the basis of the type, the market is segmented into special effect, surface treated, and nano segments. On the basis of the application, the market is classified as facial makeup, eye makeup, lip products, nail products, hair color products, and others.
The facial makeup is the leading application and anticipated to observe a rapid growth due to boundless consumption of organic materials in moisturizers, lotions, foundation, and others. Moreover, hair color, nail and lip product segments are expected to witness a rapid growth in the sector due to improving lifestyle and growing concern about facial beauty among the people.
The Global Cosmetic Pigments Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific is set to grow at a higher rate in the market due to rising demand for facial makeup products such as foundation, loose & pressed powders, and others. Countries such as China, Japan, and India are the major players in this region.
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North America is estimated to witness a higher growth in the U.S., Canada, and Mexico owing to a high standard of living, growing concern about facial beauty among men and women in the region. Europe is the leading region in the global market owing to growing innovation in research & development activities and technological advancement in cosmetics & personal care industries. Thus, the market is expected to witness a significant growth in Germany, the U.K, and Italy.
The Middle East & Africa is estimated to observe a significant growth due to increasing production of cosmetic products such as creams, lotions, lipsticks, and others. Additionally, the growing demand for toners, lake colors and true pigments in cosmetic industries is projected to boost the market in the Latin American region.
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