The Asia-Pacific market for chemicals in cosmetics and toiletries was valued at USD XX.XX million in 2016 and is projected to reach USD XX.XX million by 2021, at a CAGR of 7.4% during the forecast period from 2016 to 2021. In this region, the fast-growing economies and increasing consumer expenditure are the key growth drivers. Natural ingredients have been brought into the mainstream market, with the key market players innovating new ingredients and end-product formulations.
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The Asia-Pacific market for chemicals is segmented on the basis of chemical types (processing aids, specialty additives, active ingredients, and other ingredients), on the basis of end-product industry(chemicals in skin care products (cleansers, moisturizers, body & dusting powders, foot powders & sprays, sunscreen & suntan products, other skincare products), chemicals in hair care products (shampoos & rinses, hair conditioners, hair sprays, hair straighteners & relaxers, hair dyes & colors, hair bleachers, tonics & dressings, hair tints & rinses, other hair care products), chemicals in bath & shower products (bath oils, tablets and salts; bath capsules; bubble baths), chemicals in fragrance products (colognes, perfumes, sprays, mists), chemicals in nail care products (cuticle oils, creams and lotions; nail polishes; manicure and pedicure sets; artificial nails), chemicals in oral hygiene products (toothpastes and mouthwashes), chemicals in personal hygiene products (soaps, hand washes, sanitizers, deodorants, antiperspirants), chemicals in shaving products (shaving soaps, shaving cream, pre-shave lotions, after-shave lotions), and chemicals in baby care products (baby shampoos; baby soaps; baby lotions, oils, powders and creams)) and also on the basis of geography (India, China, Japan, Australia, South Korea, and the Rest of APAC).
Market Dynamics of the Asia-Pacific Market for Chemicals in Cosmetics and Toiletries:
Growing market developing countries
Innovative products that are being introduced in the market
Strict norms with respect to the ingredients that are used in the manufacturing of cosmetics and toiletries
Rising trend of using more organic and natural ingredients in the cosmetics and toiletries products
A cosmetic product generally lists a variety of ingredients besides the general lipid base for skin caring purposes and the lipid & water soluble active agents. These ingredients may be categorized under the term â€˜special additives and have various functions.
They can be perfumes, antioxidants, conditioning agents, alcohols, water (aqua), preservatives, thickeners, and colorants.
Active ingredients are considered to have a pharmacological altering effect on skin, and these effects must be documented by scientific evaluation and approved. Active ingredients include substances, such as sunscreen ingredients, skin-lightening agents, benzoyl peroxide, and various plant extracts, oil, waxes, vitamins, and proteins.
Concerns regarding pollution and biodegradability of the products are a growing trend both from the government agencies and buyers. Non-degradable chemical concentration is biomagnified at each trophic level in the water bodies.
Plastic micro beads, which act as scrubbing and exfoliating agents, have been accused of causing harm to the wildlife in water bodies and are on their way for being phased out. The high growth rate of the natural ingredient based personal care segment also points to this trend.
Regulations in Asia with respect to supplying, manufacturing, and importing cosmetics are adherence to regional safety requirement standards and wherever applicable, to meet the standards of the U.S. Food and Drug Administration (FDA) and European Union (EU) Cosmetic Directive.
The key players in this market are:
Procter & Gamble Company
Key Deliverables in the Study:
Market analysis for the Asia-Pacific market for chemicals in cosmetics and toiletries, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Asia-Pacific market for chemicals in cosmetics and toiletries on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
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