Top Companies in Cosmetic Pigments Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Cosmetic Pigments Market is projected to reach a value of USD 936.5 Billion by 2028 at a CAGR of 8.1% over the forecast period.
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The Global Cosmetic Pigments Market is valued at USD 586.9 Billion in 2021 and is projected to reach a value of USD 936.5 Billion by 2028 at a CAGR of 8.1% over the forecast period. The market is fueled by an increase in the creation of new, more efficient cosmetic and personal care products, which helps fuel this industry's expansion.
The demand for cosmetic products worldwide, consumers' increased spending power, and consumer awareness of cosmetic products are some of the major reasons driving the predicted growth of the cosmetic pigments market.
The market for Cosmetic Pigments will expand due to rising disposable income levels and changing lifestyle trends. As the GDP of growing economies like Brazil, China, and India increases, so does the standard of living there. In addition, the expanding fashion and entertainment sectors are crucial to boosting the cosmetic pigment market. Additionally, the market forces that will further accelerate the expansion of the Cosmetic Pigments market are the fast-expanding demand for organic pigments and increased infrastructure spending on healthcare. Furthermore, developing skin-friendly, more effective, and sustainable products is another opportunity for the cosmetic pigment market.
The Cosmetic Pigments market is dominated by globally established players such as BASF SE, Sensient Cosmetic, Sudarshan Chemicals, Huntsman International LLC, Lanxess, Sun Chemical, Koel Colors, Neelikon, and Merck, and LI Pigments, among others. In addition, novel advancements in production technologies and new trends in the Global Cosmetic Pigments market will expand this industry.
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Let’s Look at the Top Companies That are Taking the Cosmetic Pigments Market by Storm
- BASF SE (Germany)
BASF SE is a manufacturer of chemicals. The business is divided into six divisions: chemicals, plastics, functional solutions, agricultural solutions, performance products, and oil & gas. In addition to providing different system solutions and services, BASF supplies goods for the chemical, automotive, building, agricultural, oil, plastics, electrical, electronics, furniture, and paper industries.
- Sensient Cosmetic (US)
The Company that provides colors, flavors, and perfumes is Sensient Technologies Corporation. The Company produces a range of ink-jet inks, additives for the cosmetic and pharmaceutical industries, and flavors for food and beverages. Sensient Technologies serve customers in the United States.
- Huntsman International LLC (US)
Huntsman International LLC is a manufacturer of chemicals. In addition to producing specialty and commodity chemicals, the Company also makes polyurethanes, surfactants, epoxy adhesives, propylene oxide, aerospace composites, and electrical insulating materials. Huntsman International serves a worldwide clientele.
- Lanxess (Germany)
The manufacturer of specialty chemicals is LANXESS AG. The Company's primary business activities include developing, producing, and selling specialized chemicals, rubber, intermediates, and plastics. Around the world, LANXESS makes its products available.
- Sun Chemical (Japan)
Based in Japan, Sun Chemical is a part of the DIC Corporation group of businesses. The business offers materials for packaging, printing, coatings, plastics, cosmetics, and other industrial markets. These materials include electronic components, functional and specialty coatings, brand protection technologies, and technologies for product authentication.
- Neelikon Food Dyes & Chemicals Limited (India)
The manufacturer of colors is Neelikon Food Dyes & Chemicals Limited. The Company offers dyes, pigments, and lakes for the inkjet ink, stationary, cosmetic, personal care, and home care industries. Customers are served globally by Neelikon Food Dyes & Chemicals.
- Sudarshan Chemicals (India)
With over 70 years of experience, Sudarshan Chemical Industries Limited is a manufacturer of color and effect pigments for coatings, plastics, printing and digital printing, cosmetics, and specialized applications.
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