The North American market for chemicals in cosmetics and toiletries was valued at USD XX.XX billion in 2016 and is projected to reach USD XX.XX billion by 2021, at a CAGR of 5.35% during the forecast period from 2016 to 2021. Cosmetics and toiletries constitute a wide range of chemicals, which are used in the development and manufacturing of products for remedial purposes, sanitation purposes, and improving the physical beauty. The range of chemicals in cosmetics and toiletries include polymers, surfactants, essential oils, and inorganic chemical, which are used to enhance the properties and functionality of the products.
In the report on the North American market for chemicals in cosmetics and toiletries, the following major applications were taken into consideration: hair care products, skin care products, oral care products, color cosmetic products, fragrances, soaps and shower gels, sun care products, and others.
Market Dynamics of the North American Market for Chemicals in Cosmetics and Toiletries:
The North American market for chemicals in cosmetics and toiletries can be broadly segmented on the basis of chemical type (phthalates, parabens, xylene, triclosan, formaldehyde, alkylphenol ethoxylates, perfume/parfum, alpha hydroxy acids, paraphenylenediamine, ethyl alcohol, synthetic colors, sodium laureth and lauryl sulphate, and synthetic fragrances) and on the basis of ingredient types(functional ingredients, specialty additives, and active ingredients).
The market has also been geographically segmented into the United States, Canada, Mexico, and the Rest of North America. In terms of market revenue in 2015, the US led the market with a share of XX.XX%. The consistently increasing desire of women to hide their aging signs and to look young is boosting the growth of the North American market for chemicals in cosmetics and toiletries. In addition the men’s grooming (including male-specific toiletries and cosmetics ranging from moisturizers to anti agers to mud masks) is further propelling the growth of the market. However, the consistently rising environmental concerns owing to the non-biodegradable nature of the cosmetics may hinder the growth of the market.
Furthermore, the shifting focus of the cosmetic and toiletries companies towards the development and manufacturing of the male-centric products will offer numerous opportunities for the growth of the North American market for chemicals in cosmetics and toiletries. Some of the major companies dominating this market for its products, services, and continuous product developments are:
Key Deliverables in the Study: