At 4.5% CAGR, the Middle East & Africa Cosmetic Polymer Ingredients Market is Projected to be Worth US$ 707.09 Million by 2031, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa cosmetic polymer ingredients market was valued at US$ 495.98 million in 2023 and is expected to reach US$ 707.09 million by 2031, registering a CAGR of 4.5% from 2023 to 2031. Increasing demand for personal care products and cosmetics and strategic initiatives by key market players are among the critical factors attributed to drive the Middle East & Africa cosmetic polymer ingredients market growth.

The cosmetics & personal care market in the UAE is estimated at approximately US$ 1.16 billion in 2024 and is experiencing substantial growth. This vibrant market consists of several key segments, each playing a unique role in meeting consumer demands, including fragrances, cosmetics, skincare, personal care, and the newly emerging “Beauty Tech” segment. Additionally, South Africa is Africa’s largest market for cosmetics and personal care products. The cosmetic industry is a significant driver of the cosmetic polymer ingredients market, as the demand for advanced, high-performance products continues to grow. Polymers play a crucial role in cosmetics due to their ability to enhance texture, stability, and appearance. They are used to create smoother formulations, improve product longevity, and provide better skin adhesion. With trends such as anti-aging, skincare innovation, and sustainable packaging, the demand for cosmetic polymers is increasing because of their multifunctional properties, which include film-forming, emulsifying, and conditioning. As industry focuses on customization and innovation, the need for specialized cosmetic polymers is expected to rise, further propelling market expansion.

On the contrary, adverse effects of synthetic cosmetic polymer ingredients hamper the growth of Middle East & Africa cosmetic polymer ingredients market.

By type, the Middle East & Africa 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 42.9% share of Middle East & Africa cosmetic polymer ingredients market share in 2023, amassing US$ 212.70 million. It is projected to garner US$ 300.02 million by 2031 to register 4.4% CAGR during 2023–2031.

In terms of category, the Middle East & Africa cosmetic polymer ingredients market is segmented into natural, synthetic and semi-synthetic. The synthetic segment held 75.0% share of Middle East & Africa cosmetic polymer ingredients market share in 2023, amassing US$ 372.19 million. It is projected to garner US$ 520.78 million by 2031 to register 4.3% CAGR during 2023–2031.

Based on function, the Middle East & Africa cosmetic polymer ingredients market is segmented into rheology modifiers, stabilizers, emulsifiers, film formers, conditioning, and others. The rheology modifier segment held 32.3% share of Middle East & Africa cosmetic polymer ingredients market share in 2023, amassing US$ 160.14 million. It is projected to garner US$ 237.31 million by 2031 to register 5.0% CAGR during 2023–2031.

By application, the Middle East & Africa cosmetic polymer ingredients market is segmented into skincare, hair care, makeup, and others. The skincare segment held 37.6% share of Middle East & Africa cosmetic polymer ingredients market share in 2023, amassing US$ 186.51 million. It is projected to garner US$ 274.10 million by 2031 to register 4.9% CAGR during 2023–2031.

Based on country, the Middle East & Africa cosmetic polymer ingredients market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 33.7% share of Middle East & Africa cosmetic polymer ingredients market in 2023. It was assessed at US$ 166.90 million in 2023 and is likely to hit US$ 242.39 million by 2031, registering a CAGR of 4.8% 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com