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Asia Pacific Cosmetic Preservatives Market Share

Report ID: GMI4689
Published Date: May 2022
Report Format: PDF

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Asia Pacific Cosmetic Preservatives Market Share

APAC cosmetic preservatives industry share is a fragmented market owing to the presence of various global as well as local companies regulating industry growth. Some of the key players in the market include:

Ashland
Lonza
Akema Fine Chemicals
The Dow Chemical Company
BASF SE
Chemipol
Clariant AG
Sharon Laboratories
Gujarat Organics Limited
Symrise AG

The key players in the market are mainly focusing on new product launches, new technologies, acquisitions, and business expansion in developing and developed economies to capture a good market share.

In April 2021, Ashland completes the acquisition of the personal care business of Schulke & Mayr GmBH. This acquisition is anticipated to enhance the company’s specialty additive position and strengthen the consumer business portfolio. Furthermore, this acquisition is expected to strengthen the profitable growth of the household and personal care business units.

In November 2020, Chemipol launched a new product range under the name SENSICARE C 2060 which offers antimicrobial properties used to protect cosmetic formulations. This launch was to enhance the product portfolio to meet the growing demands of cosmetic formulations.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Asia Pacific cosmetics preservatives industry share crossed USD 520 million in 2021 and is poised to record an 8 % CAGR through 2028 driven by the strong need for aromatic & natural preservatives and the surging awareness related to the potential benefits of essential oils.

The regional cosmetics preservatives industry share of caprylyl glycol preservatives is expected to surpass USD 45 million by 2028 owing to rising penetration in skincare products.

The regional cosmetics preservatives market revenue from skincare applications was over USD 195 million in 2021 and is pegged to strike a 9% through 2028 on account of the surging demand for several skincare products like lotions, moisturizers, peels, creams, and face masks.

China cosmetic preservatives market is expected to generate around USD 365 million by 2028 due to the rising living standards and changing perceptions towards the dermatological aspect of skincare in the country.