Fastest Growing Sector in Cosmetic Pigments – Market Trends 2019, Size, Share, Demand & Forecasts, Review
08 May 2019 Press Release
MIR presents “Cosmetic Pigments Market – Global Analysis & Forecast, 2019-2030” with innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research.
Cosmetic pigments market is driven by growing demand for cosmetic & personal care products across the globe. These pigments are use as colorants in various cosmetics products such as lipsticks, nail paints, eye make-up, and hair dyes among others. It also enhances the texture and consistency. Moreover, rise in purchasing power of the consumer, awareness regarding improving overall aesthetic looks and changing fashion trends are other factors propelling the market growth. However, stringent regulations associated in the manufacturing of pigments are the prime factor hampering the market growth. Also, high content of metal in these pigments is another factor restraining the growth of the market. Moreover, shift in trend towards the usage of organic and natural ingredients offer huge market traction over the coming years.
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By composition, the market in segregated as organic and inorganic pigments. The inorganic pigments are further sub-segmented into titanium dioxide, iron oxide, chromium dioxide, zinc oxide and others. In 2018, inorganic pigments accounted for the largest share of the market and anticipated to maintain its dominance over the forecast period of 2019-2030. Rising demand from make-up, hair dyes and nail paints applications is the major factor fostering the market growth. Organic pigments are further sub-segmented into lakes, toners and true pigments. Organic pigments are projected to witness highest growth over the forecast period due to shift in consumer preference towards organic ingredients.
By type, the market is segregated as special effect, surface treated, nano pigments and natural colorants. Special effect segment is projected to account for significant share of the market in 2018.
By application, the market is segregated as facial makeup, lip products, hair color products, nail products and eye makeup. Facial makeup segment accounted for the dominant share of the market in 2018. Rising demand for lotions, moisturizers and foundations are in turn driving the demand for cosmetic pigments. Lip products and hair care products are anticipated to witness significant growth over the forecast period.
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By region, Europe stands out as the clear market leader. The market is driven by high consumer base, easily availability of the products and presence of large multinationals. North America is another major market for cosmetic pigments. The North American market is driven by new product launches and increasing concern about the overall appearance. However, Asia Pacific region is projected to witness fastest growth over the forecast period. Asia Pacific market is driven by rise in standard of living of the consumer, growing interest towards maintaining a youthful look, coupled with rising awareness towards self-grooming. Moreover, major manufacturers are shifting their manufacturing base in India, China and Indonesia owing to its cheap labor cost and availability of low price raw materials.
The cosmetic pigments market is highly fragmented and players present in this market are adopting various strategies to enhance their market position. Some are adopting mergers and acquisition and joint ventures strategies. While are some are shifting their manufacturing base in emerging economies to reduce their manufacturing cost. New products launches are another key strategy adopted by the market players. BASF SE, Huntsman, Sensient Cosmetic Technologies, Kobo Products Inc., Merck Performance Materials, Clariant and LANXESS are some of the dominant players present in the cosmetic pigments market.
Table of Contents
- Market Definition
- Market Ecosystem
- Market Classification
- Geographic Scope
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