Global Cosmetic grade Color Additives Market: Introduction
Cosmetic grade color additives include various dyes and pigments. Cosmetic grade color additives are used to make creams and shampoos more appealing. They are also used in make-up products to facilitate staining of the skin. Cosmetic grade color additives are broadly of two types: natural and synthetic. Mica, turmeric, beat and root are some examples of natural cosmetic grade color additives. Natural color additives are safer in comparison to synthetic color additives. However, performance of synthetic cosmetic grade color additives is better than the performance of natural cosmetic grade color additives. Manufacturers thus prefer synthetic cosmetic grade color additives over natural ones. Cosmetic grade color additives can also be organic or inorganic. Synthetic dyes, botanicals and lakes are some of the examples of organic cosmetic grade color additives while metal oxides and mineral-based colors come under inorganic color additives.
Global Cosmetic Grade Color Additives Market Dynamics
Cosmetic Grade Color Additives Market Drivers
The rapid growth of the personal care industry has created high demand for cosmetic grade color additives. Increasing use of cosmetic grade color additives in cosmetics for making them more appealing is driving the growth of this market. High demand for anti-ageing cosmetics and fairness products will further push the demand for cosmetic grade color additives. Growing awareness about the advantages of using organic cosmetic grade color additives is also accelerating the demand for organic color additives. Improving European economy will also boost the demand for cosmetic grade color additives during the forecast period.
Cosmetic Grade Color Additives Market Restraints
One of the major challenges faced by the global cosmetic grade color additives market is the increasing number of regulations being put on chemicals used in cosmetics. This is one of the most tightly regulated industries in the world. Thus, it is challenging for manufacturers to comply with the regulations implemented by the regulatory bodies. Another major challenge faced by the global cosmetic grade color additives industry is the increasing competition between global and local players. The manufacturing technology for these additives is not so expensive and critical, therefore the entry of new player is easy - this implies high threat of new entrants in this market.
The fluctuating price of raw materials has also been a major cause of concern for the global cosmetic grade color additives market. Changing preferences of consumers may also affect the demand for cosmetic grade color additives during the forecast period.
Cosmetic Grade Color Additives Market Trends
Manufacturers of cosmetic grade color additives are expanding their business by expanding their distribution network. Long-term partnerships with distributors helps manufacturers to strategically grow in the market.
Innovation and R&D is the major strategy employed by cosmetic grade color additives manufacturers. Manufacturers are focusing on the manufacturing of low cost and effective cosmetic grade color additives for customers. Manufacturers are also trying to reduce the use of harmful chemicals in color additives through continuous research and development.
Global Cosmetic Grade Color Additives Market: Segmentation
The global cosmetic grade color additives market can be segmented on the basis of chemistry, type, application and region.
On the basis of chemistry, the global cosmetic grade color additives market can be segmented as:
On the basis of type, the global cosmetic grade color additives market can be segmented as:
- Other additives
On the basis of product applications, the global cosmetic grade color additives market can be segmented as:
- Lip Gloss
- Lip Balm
- Nail Paint
Global Cosmetic Grade Color Additives Market: Regional Outlook
The global cosmetic grade color additives market is anticipated to be dominated by North America, with the U.S. leading the market in terms of consumption. High spending on cosmetic products has been seen in the U.S. due to higher spending power of the population. High penetration rate in North America is expected to push the consumption of cosmetic grade color additives in the region. This is expected to drive the market in the US and other North American countries. Europe is expected to follow the U.S. in terms of demand for cosmetic grade color additives. Asia Pacific is projected to be the fastest growing region in the cosmetic grade color additives market. Middle East and Africa is projected to witness moderate growth in demand for cosmetic grade color additives over the forecast period.
Global Cosmetic Grade Color Additives Market: Market Participants
Some of the market participants identified across the value chain of the global cosmetic grade color additives market are:
- Sudarshan Chemical Industries Limited
- Hina DyeChem Industries
- RADIANT COLOR
- Suraj Dye Chem
- SKU PIGMENTS PVT. LTD.
- Dynemic Products Ltd.
- Chemworld International, Ltd.
- Spectra Colors Corporation
- Sugai Chemical IND.CO.,LTD.
- Koel Colours Pvt. Ltd
- Abstract Chemical
- Krishana Enterprises
- DyStar Singapore Pte Ltd
- Pylam Products Company, Inc.
- Alliance Organics LLP
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- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
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