Cosmetic Pigments Market

Global Cosmetic Pigments Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Cosmetic Pigments Market was worth US$ 574.9 Mn and is expected to grow at a CAGR of 7.2% over the forecast period. While the historical CAGR is 6.1%, the market is expected to hit US$ 1,152.2 Mn by 2032 end.

Without cosmetics, life would be unfathomable. In any industry, cosmetics play a crucial part in luring customers. As a result, the global market for cosmetic pigments is growing quickly. Pigments are used in various sectors, including glass, paper, building supplies, textiles, and cosmetics.

Cosmetic goods can have a wide range of colors, textures, and looks, thanks to cosmetic pigments. Cosmetic pigments contain dyes, white pigments, metallic tints, and other substances. They are utilized in skincare, nail care, hair color, and personal care items for the lips.

Market Dynamic

INCREASING INCOME AND CHANGING LIFESTYLE WILL DRIVE THE MARKET

The living standards of growing economies like China, India, and Brazil are rising as their GDPs rise. The demand for cosmetic and personal care goods is increasing significantly due to urbanization’s altered lifestyle and rising income levels.

The rising demand for cosmetic pigments is driven by the younger generation’s changing standard of living. Women’s financial independence is growing, which has increased disposable income. As a result, women’s shopping habits have changed. As disposable income rises and color cosmetics become more affordable, there is a growing trend for them. The development of cosmetic pigments is also fueled by changes in rural residents’ lifestyles and the influence of western culture.

STRINGENT REGULATIONS OF THE USE OF CERTAIN PIGMENTS HAMPER THE MARKET

Manufacturers of cosmetic pigments must adhere to strict laws governing cosmetics goods. There are many restrictions regarding the requirements for labeling, packaging, and the ingredients used in the production of the products. In Europe and North America, these laws are very strict. Other parts of the world are adopting a similar practice due to rising environmental and health consciousness. Color additives and pigments used in cosmetic applications are subject to regulations by the US Food and Drug Administration (FDA). Rules are put in place for health-hazardous pigments and dyes by the European Union (EU). Due to the environmental risks posed by their use, the EU has limited the use of cadmium pigments and lead (Pb) and its derivatives.

Under the Federal Food, Drug, and Cosmetic Act of the United States, the use of color pigments is subject to a rigorous approval process (FD&C Act). These regulations are limiting the manufacturing of cosmetic pigments, which has a substantial impact on their costs. The production of cosmetic pigments is subject to stringent rules. Thus there is a limited supply of these pigments. The approval procedure takes time as well. The market for cosmetic pigments is constrained in its expansion by all of these issues.

Market Segments Covered in Report

By Elemental Composition:

• Inorganic Pigments
• Organic Pigments

By Type:

• Special Effect Pigments
• Surface-Treated Pigments
• Nano Pigments
• Natural Colorants

By Application:

• Facial Makeup
• Eye Makeup
• Lip Products
• Nail Products
• Hair Color Products
• Special effect & Special Purpose Products
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are the Inorganic pigments expected to be the largest and fastest-growing segment?

The cosmetic pigments market has been divided into inorganic and organic pigments based on elemental composition. According to basic composition, the demand for cosmetic pigments is expected to develop faster throughout the anticipated period for inorganic pigments. Metallic substances like oxides are examples of inorganic colors (for instance, titanium oxide).

White opaque pigments, which give opacity and lighten other hues, make up inorganic pigments. The color intensity of these pigments is lower than that of organic dyes. As a result, titanium dioxide is in great demand since it is utilized extensively in all cosmetic pigment applications and is a necessary component of all cosmetic pigment kinds.

Why is it anticipated that facial cosmetics would be the most popular and rapidly expanding application?

Cosmetic pigments are used in various products, such as nail polish, lip products, makeup for the eyes, face, and hair, as well as for special effects and other purposes (toothpaste, hair shampoo & conditioner, and sunless tanning products). The market for cosmetic pigments’ largest and fastest-growing application category is facial makeup.

The market in this application is anticipated to be driven by rising demand for foundations and face powders, among other core makeup items. A significant portion of the need for cosmetic pigments is made up of facial makeup. Cosmetic pigments, which include titanium dioxide to boost brightness, are used in facial makeup products like foundations, blushers, and powders.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• With a market share of 26.4% for cosmetic pigments, which accounted for the biggest share in terms of value, North America is thought to be the region with the largest market. Due to rising personal affluence, North America’s cosmetics and personal care sector is expanding quickly. This region’s demand for cosmetic pigments is driven by changing lifestyles and the desire for high-quality cosmetic and personal care products.
• Through cutting-edge technologies like surface treatment and pigment dispersion, Europe’s cosmetics and personal care industry produce goods that perform at their best.

Competition Analysis

The market for cosmetic pigments is competitive globally, with manufacturers holding a large percentage of the industry.

The key developments in the Global Cosmetic Pigments Market are:

• In March 2020, Azelis and Merck entered into a contract making Azelis the distributor of Merck’s industrial chemicals, personal care, and CASE (coatings, adhesives, sealants, and elastomers) goods in Vietnam.
• In October 2019, the pigment manufacturing facility owned by Merck expanded in Gernsheim, Germany. The business is growing its ability to produce silicon dioxide flakes, a particular substrate for the entire line of special effect pigments. These pigments assist cosmetic and coating producers in creating eye-catching formulas by offering a distinctive color shift depending on the angle of observation.
• In February 2019, the pigment manufacturing facility owned by Merck expanded in Gernsheim, Germany. The business is growing its ability to produce silicon dioxide flakes, a particular substrate for the entire line of special effect pigments. These pigments assist cosmetic and coating producers in creating eye-catching formulas by offering a distinctive color shift depending on the angle of observation.

A list of some of the key suppliers present in the market are:

• Geotech
• Eckart
• Chem India Pigments
• Yipin Pigments
• Sun Chemical
• Sensient Cosmetic Technologies
• Merck
• BASF
• Lanxess
• Venator
• Nihon Koken Kogyo
• Ferro Corporation
• Dayglo Color
• Elemental Srl
• Kolortek
• Sandream Impact
• Vibfast Pigments
• Neelikon
• Miyoshi Kasei
• Toyal
• Kuncai Europe
• Kobo Products
• Koel Colours
• Li Pigments

Global Cosmetic Pigments Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies