At 4.8% CAGR, the Europe Cosmetic Polymer Ingredients Market is Projected to be Worth US$ 2,711.20 Million by 2031, says Business Market Insights

According to Business Market Insights research, the Europe cosmetic polymer ingredients market was valued at US$ 1,862.89 million in 2023 and is expected to reach US$ 2,711.20 million by 2031, registering a CAGR of 4.8% from 2023 to 2031. Strategic initiatives by key market players and rising sales of beauty products through e-commerce are among the critical factors attributed to drive the Europe cosmetic polymer ingredients market growth.

Key manufacturers operating in the cosmetic polymer ingredients market are investing significantly in strategic development initiatives such as product innovations, research and development, mergers and acquisitions, and business expansions to attract a broad customer base and enhance their market position. In June 2023, Solvay SA announced the launch of Naternal, bio-based biodegradable polymers for biodegradable by-design hair and skin care solutions. Further, in October 2023, BASF SE announced its investment plans to begin the production of cosmetic ingredients at its Düsseldorf site. This new plant is expected to produce emollients for skin care and sun protection products and is expected to commence its operations by 2025. Emollients are cosmetic polymers that maintain skin moisture and improve the sensory properties of products. In March 2024, SNF launched NATURSOL EMI Lite to its cosmetic polymer product portfolio. This innovative rheology modifier boasts a naturality index of 78% by combining light texture and stabilizing performance, positioning it in environmentally conscious beauty solutions. In April 2024, Clariant AG acquired Lucas Meyer Cosmetics, a high-value ingredient provider for the cosmetics and personal care industry, from IFF for an enterprise value of US$ 810 million. Thus, such strategic initiatives by key market players to acquire other enterprises, introduce innovative products, and expand their current production capacities are expected to create lucrative opportunities in the cosmetic polymer ingredients market during the forecast period.

On the contrary, adverse effects of synthetic cosmetic polymer ingredients hamper the growth of Europe cosmetic polymer ingredients market.

By type, the Europe cosmetic polymer ingredients market is segmented into polyethylene glycol, acrylic acid-based, vinyl acetate, silicone, cellulose, collagen, pectin, xanthan gum, chitosan, and others. The silicone segment held 40.2% share of Europe cosmetic polymer ingredients market share in 2023, amassing US$ 749.52 million. It is projected to garner US$ 1,079.32 million by 2031 to register 4.7% CAGR during 2023–2031.

In terms of category, the Europe cosmetic polymer ingredients market is segmented into natural, synthetic, and semi-synthetic. The synthetic segment held 71.8% share of Europe cosmetic polymer ingredients market share in 2023, amassing US$ 1,338.27 million. It is projected to garner US$ 1,903.91 million by 2031 to register 4.5% CAGR during 2023–2031.

Based on function, the Europe cosmetic polymer ingredients market is segmented into rheology modifier, stabilizers, emulsifiers, film formers, conditioning, and others. The rheology modifier segment held 31.1% share of Europe cosmetic polymer ingredients market share in 2023, amassing US$ 579.44 million. It is projected to garner US$ 880.33 million by 2031 to register 5.4% CAGR during 2023–2031.

By application, the Europe cosmetic polymer ingredients market is segmented into skincare, hair care, makeup, and others. The skincare segment held 37.7% share of Europe cosmetic polymer ingredients market share in 2023, amassing US$ 701.75 million. It is projected to garner US$ 1,052.21 million by 2031 to register 5.2% CAGR during 2023–2031.

Based on country, the Europe cosmetic polymer ingredients market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 37.6% share of Europe cosmetic polymer ingredients market in 2023. It was assessed at US$ 175.68 million in 2023 and is likely to hit US$ 222.71 million by 2031, registering a CAGR of 3.0% during 2023–2031.

Key players operating in the cosmetic polymer ingredients market are 3V Sigma S.p.A.; Arkema SA; Ashland Inc; BASF SE; Cargill, Incorporated; Clariant AG; Derypol; Evonik Industries AG; Nouryon Chemicals Holding BV; Sensient Technologies Corp; SNF; Solvay SA; SOPHIM IBERIA S.L; The Dow Chemical Co; and The Lubrizol Corporation, among others.

• In April 2024, Clariant AG announced the acquisition of Lucas Meyer Cosmetics, a provider of high-value ingredients for the cosmetics and personal care industry, from IFF for an Enterprise Value (EV) of US$ 810 million. This acquisition enables Clariant AG to strengthen its market position.

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