The Cosmetic Colorants Market is estimated to grow at a robust CAGR over the forecast period (2019-2026).
The factors driving growth of the market includes increasing application of cosmetic colorants in facial makeup, eye makeup and lip products, rising consumers inclination towards maintaining physical appearance, growing focus of cosmetic companies on developing new and unique and new colors and improvements in the living standards. Cosmetic pigments help in covering blemishes and uneven skin tone, and are increasingly used in facial makeup formulations, in which chemicals like titanium dioxide are helpful, are some of the factors pushing the market growth. Moreover, growing popularity of organic cosmetic colorants, increasing adoption of advanced technologies by manufacturers, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Global Cosmetic Colorants Market size. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaborations between enterprises, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, strict regulations imposed by governing bodies on the use of certain pigments, is hampering the market growth.
The leading players operating in the market are Organic Dyes and Pigments, Aakash Chemicals and Dyestuffs, DyStar, Clariant AG, Sensient Technologies Corporation, Merck KGaA, Altana AG, DIC Corporation, Kobo Products Inc., and BASF SE, among others.
Based on Product Type, the Pigments segment is predicted to dominate the market during the forecast period
Inorganic pigment comprises of metal compounds such as ultramarine, and iron oxides, and provides enhanced heat stability, are pushing the segment’s growth.
Based on Application, the Facial makeup segment is projected to capture the highest market share over the forecast period attributed to increasing consumers preference towards maintaining physical appearance
Increasing use of cosmetic pigments in facial products such as blushers, concealers, and foundations is propelling segment’s growth.
Based on Region, the Europe region is predicted to capture the highest market share during the forecast period
As per the Cosmetic Colorants Market Global Forecast, growing demand for high-quality cosmetic products, increasing adoption of latest technologies by manufacturers, rapid urbanization, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in Europe.
Key Developments
- In 2019, DIC Corporation acquired pigments business of BASF at a global level for USD 1.27 billion. The transaction will be closed by the end of fourth quarter of 2020.
- In 2019, BASF SE collaborated with siHealth Ltd wherein the company will exclusively market optronic technologies and scientifically based satellite to the personal care industry globally.
- In 2019, Sun chemicals subsidiary of DIC Corporation launched its new SpectraFlex Illusion for soft-focus effects. SpectraFlex Illusion soft-focus effects majorly used for daily makeup products and also used for various personal care applications such as foundation, face powders and other skin care applications.
Market Segmentation
Segmentation by Product Type
- Pigments
- Dyes
Segmentation by Application
- Facial makeup
- Eye makeup
- Lip products
- Nail products
- Hair color products
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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