Asia Pacific Cosmetic Polymer Ingredients Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 223 | Report Code: BMIRE00031952 | Category: Chemicals and Materials
No. of Pages: 223 | Report Code: BMIRE00031952 | Category: Chemicals and Materials
The Asia Pacific cosmetic polymer ingredients market was valued at US$ 3,106.39 million in 2023 and is expected to reach US$ 4,624.24 million by 2031; it is estimated to register a CAGR of 5.1% from 2023 to 2031.
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.
Several countries in Asia Pacific generate a vast demand for growth serums, creams, shampoos, and conditioners, among other hair care products, owing to the increasing awareness of the benefits of haircare routine. Thus, the growing importance and demand for haircare products drive the cosmetic polymer ingredients market in Asia Pacific. Moreover, the development of artificial intelligence (AI) and IoT-based devices that offer personalized skin nourishment solutions are expected to raise the standards of the beauty and personal care industry in Asia Pacific, which is likely to favor the cosmetic polymer ingredients market in the future.
The Asia Pacific cosmetic polymer ingredients market is categorized into type, category, function, application, and country.
By type, the Asia Pacific 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 the largest share of the Asia Pacific cosmetic polymer ingredients market share in 2023.
In terms of category, the Asia Pacific cosmetic polymer ingredients market is segmented into natural, synthetic, and semi-synthetic. The synthetic segment held the largest share of the Asia Pacific cosmetic polymer ingredients market share in 2023.
By function, the Asia Pacific cosmetic polymer ingredients market is segmented into rheology modifier, stabilizers, emulsifiers, film formers, conditioning, and others. The rheology modifier segment held the largest share of the Asia Pacific cosmetic polymer ingredients market share in 2023.
By application, the Asia Pacific cosmetic polymer ingredients market is segmented into skincare, hair care, makeup, and others. The skincare segment held the largest share of the Asia Pacific cosmetic polymer ingredients market share in 2023.
Based on country, the Asia Pacific cosmetic polymer ingredients market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China segment held the largest share of Asia Pacific cosmetic polymer ingredients market in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 3,106.39 Million |
| Market Size by 2031 | US$ 4,624.24 Million |
| Global CAGR (2023 - 2031) | 5.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia Pacific
|
| Market leaders and key company profiles |
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 are some of the leading companies operating in the cosmetic polymer ingredients market.
The Asia Pacific Cosmetic Polymer Ingredients Market is valued at US$ 3,106.39 Million in 2023, it is projected to reach US$ 4,624.24 Million by 2031.
As per our report Asia Pacific Cosmetic Polymer Ingredients Market, the market size is valued at US$ 3,106.39 Million in 2023, projecting it to reach US$ 4,624.24 Million by 2031. This translates to a CAGR of approximately 5.1% during the forecast period.
The Asia Pacific Cosmetic Polymer Ingredients Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Cosmetic Polymer Ingredients Market report:
The Asia Pacific Cosmetic Polymer Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Cosmetic Polymer Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Cosmetic Polymer Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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