North America Cosmetic Polymer Ingredients Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 205 | Report Code: BMIRE00031950 | Category: Chemicals and Materials
No. of Pages: 205 | Report Code: BMIRE00031950 | Category: Chemicals and Materials
The North America cosmetic polymer ingredients market was valued at US$ 1,636.51 million in 2023 and is expected to reach US$ 2,504.86 million by 2031; it is estimated to register a CAGR of 5.5% from 2023 to 2031.
In 2022, the personal care products industry played a significant role in the US economy. With sales totaling US$ 210.6 billion, the industry not only showcased impressive commercial success but also made a substantial contribution to the economy by generating US$ 82.3 billion in federal, state, and local taxes. Its impact extended to a notable contribution to the gross domestic product (GDP), which was US$ 308.7 billion, along with a trade surplus of US$ 2.6 billion. Further, according to the U.S. Department of Commerce, the cosmetics market in Canada generated approximately US$ 1.24 billion in revenue in 2021. Industry revenue is projected to grow at an annual rate of 1.45%, reaching an estimated USD 1.8 billion by 2024. 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.
The North America cosmetic polymer ingredients market is witnessing an increasing demand for several skincare products owing to the growing prevalence of skin conditions and increasing consumer awareness about skincare routines. The US is among the most significant contributors to the demand for cosmetic polymer ingredients used in skincare products. North America is a manufacturing hub for several key players in the cosmetic industry, such as Procter and Gamble, CeraVe, Revlon, Johnson and Johnson Private Limited.
The rising preference for natural and plant-based products drives the demand for natural polymer ingredients. For instance, in January 2023, IT Cosmetics, LLC launched a beauty sleep serum in Canada produced with Vitamin C to achieve glowing and clear skin. In October 2024, The Honest Company launched a vegan and fragrance-free collagen cream and serum to improve skin firmness and reduce the appearance of wrinkles. The increased consumer spending on luxury cosmetic brands with an appealing in-store experience provided in several retail outlets, such as Sephora USA Inc., is expected to boost the demand for make-up products in the region during the forecast period, in turn benefiting the cosmetic polymer ingredients market.
The North America cosmetic polymer ingredients market is categorized into type, category, function, application, and country.
By type, the North America 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 North America cosmetic polymer ingredients market share in 2023.
In terms of category, the North America cosmetic polymer ingredients market is segmented into natural, synthetic, and semi-synthetic. The synthetic segment held the largest share of the North America cosmetic polymer ingredients market share in 2023.
By function, the North America 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 North America cosmetic polymer ingredients market share in 2023.
By application, the North America cosmetic polymer ingredients market is segmented into skincare, hair care, makeup, and others. The skincare segment held the largest share of the North America cosmetic polymer ingredients market share in 2023.
Based on country, the North America cosmetic polymer ingredients market is segmented into the US, Canada, and Mexico. The US held the largest share of North America cosmetic polymer ingredients market in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1,636.51 Million |
| Market Size by 2031 | US$ 2,504.86 Million |
| Global CAGR (2023 - 2031) | 5.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| 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 North America Cosmetic Polymer Ingredients Market is valued at US$ 1,636.51 Million in 2023, it is projected to reach US$ 2,504.86 Million by 2031.
As per our report North America Cosmetic Polymer Ingredients Market, the market size is valued at US$ 1,636.51 Million in 2023, projecting it to reach US$ 2,504.86 Million by 2031. This translates to a CAGR of approximately 5.5% during the forecast period.
The North America 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 North America Cosmetic Polymer Ingredients Market report:
The North America Cosmetic Polymer Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Cosmetic Polymer Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Cosmetic Polymer Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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