Competitive Analysis
Some of the significant players influencing the global cosmetics pigments market include Sun Chemical Corporation (U.S.), Sensient Cosmetic Technologies (France), Merck KGaA (Germany), Sudarshan Chemical Industries Limited (India), Kobo Products Inc (U.S.), BASF SE (Germany), Clariant (Switzerland), Huntsman International LLC (U.S.), LANXESS (Germany), and Geotech International B.V. (the Netherlands).
Industry News
May 2019: Givenchy recently launched its eye and lip products that contain Encre Interdite, a lip tint which has a water-based formula with a thin film. This allows the product to give a saturated, matte, and full coverage color in a single application.
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Global Cosmetic Pigments Market Overview
The global cosmetic pigments market is assessed to mushroom at a high CAGR through the forecast period owing to different factors. A changing lifestyle and growing health and beauty concerns among consumers are leading to higher adoption of corrective makeup on a day to day basis. This, in turn, is expected to drive the global cosmetic pigments market due to a higher demand for the same. Further, a diverse array of applications of cosmetic pigments is also fueling market growth for the same during the assessment period.
Cosmetic pigments are materials that change the color of cosmetic products as a result of wavelength selection absorption. This projects usually have unique properties that make them useful for coloring cosmetic products. These pigments are known for the insolubility, waterproof nature, and the long-life nature of the product. These pigments provide consistency and uniqueness in the shades of color. Various inorganic cosmetic pigments comprise different chemical types such as iron oxides, chromium dioxides, white pigments, and ultramarines. Iron oxides are usually used in three shades, i.e., black, red, and yellow. White pigments such as titanium oxide and zinc oxide are used in all kinds of cosmetic products. Ultramarines are flat, strong, matte pigments which are generally used in brightly colored and fabricated to high immaculateness.
Market Segmentation
The global cosmetic pigments market is segmented based on composition, type, application, and region.
Based on Composition, the global cosmetic pigments market is segmented into organic and inorganic. Inorganic pigments are usually produced from coal tars and other chemicals while the organic pigments are made from aromatic hydrocarbons. Based on type, the global cosmetic pigments market is segmented into special effect, surface treated, and nano.
Based on Application, the global cosmetic pigments market is segmented into facial makeup, eye makeup, lip products, nail products, and hair color products.
Detailed Regional Analysis
The global Cosmetics Pigments Market is studied for the regional segments of Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. Among these regions, Asia Pacific is expected to ascend at a higher CAGR, as compared to other regions, owing to increased consumption of organic pigments in facial makeup, hair products, and eye makeup pigment products. Countries such as Japan, China, and India are estimated to lead the global cosmetic pigments market in the region during the forecast period.
North America is anticipated to augment at a rapid rate owing to the rising demand for eyeshadows, lipsticks, and eyeliners in the region. Increasing investments by end-use industries are also likely to elevate the growth graph through the forecast period. Rising consumption of cosmetic pigments in the cosmetics and personal care industries is another determinant causative of market ascension. This can be accredited to the mounting awareness towards personal care and mounting disposable income in the region through the forecast period. The U.S., Canada, and Mexico are estimated to achieve staggering augmentation through the review period owing to the excellent waterproof resistance, durability, and high standard performance to the product.
Europe is assessed to hold a significant share in the global cosmetics pigments market owing to its changing lifestyle and an advanced standard of living. The regional market is largely driven by higher consumption of such pigments in lotions, powders, creams, and other skincare products. Leading country-specific markets in the region include the UK, Italy, Germany, and France.
Latin America is anticipated to exhibit sizeable growth because of a rising per capita income and improvements noticed in the lifestyles among consumers residing in this area. Further, the Middle East & Africa are likely to witness higher growth rate owing to increased production of facial makeup, lip care products, and other cosmetics and personal care products.
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