Zion Market Research, the market research group announced the analysis report titled ‘Cosmetic Preservatives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Cosmetic Preservatives Market: Overview
Cosmetic preservatives can act as antioxidants, stabilizers, and antimicrobials. Cosmetics are manufactured by using biodegradable elements and can decay due to the variety of microbes. Owing to the presence of water, cosmetics may cause decomposition when it is stored for a longer time and may cause a change in color, viscosity, and odor. Primarily, cosmetic preservatives are added to products in order to restrain the growth of microbes. These are used in the formulation of sunscreens, scrubs, face masks, lotions, and many other cosmetic products. Various preservatives are available in the market such as wet wipes, rinse-off, and leave-on. Leave-on products consist of deodorants, creams, and body lotions. Wet wipes comprise baby wipes and wet tissues. Rinse-off products include soaps and shampoos.
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Global Cosmetic Preservatives Market: Growth Factors
Increasing consumer inclination towards using natural cosmetic products is anticipated to boost global cosmetic preservatives market demand. Increasing usage of herbal ingredients in cosmetics may foster the global market growth. Rising usage of isothiazolinones in shampoos and other rinse-off products is projected to propel the global cosmetic preservatives market growth. However, parabens are extensively used in wide range of cosmetics products, as they similar to natural preservatives and have less adverse effects on the skin.
Global Cosmetic Preservatives Market: Segmentation
On the basis of raw materials, the global cosmetic preservatives market is categorized as synthetic and natural. Of these, the natural raw material segment is the leading segment in the global market. However, natural preservatives comprise oil extracts from plants such as clove bud, cinnamon leaf, curry leaf, and others. The synthetic raw material segment includes organic acids, isothiazolinones, parabens, formaldehyde releasers, and phenoxyethanol. However, a synthetic raw material segment is more effective to control the growth of the bacteria. Geographically, the global cosmetic preservatives market is segregated as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Cosmetic Preservatives Market: Regional Analysis
North America is the dominating region in the global cosmetic preservatives market. Increasing demand for cosmetic in North America is due to increase awareness regarding beauty products. China is anticipated to witness steady growth in the next few years and is expected to continue this trend in the coming future. China is a major consumer of cosmetic preservatives across the world. Escalating demand for cosmetic preservatives in this region is owing to higher consumption of cosmetic products. Asia Pacific is the developing region for cosmetic preservatives. Whereas, Europe is expanding significantly due to rise in demand for hair gels, facial creams, and increased health consciousness among people.
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Global Cosmetic Preservatives Market: Competitive Players
Major players dominating the global cosmetic preservatives market are Penta Manufacturing Company, LLC, The Dow Chemical Company, Clariant AG, StruChem Co., Ltd., AE Chemie, INC., and The Procter & Gamble Company. Other players include Ashland Inc., Spectrum Chemical Manufacturing Corporation, Finetech Industry Limited, and Jinan Haohua Industry Co., Ltd.
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