Key vendors to strategically increase their R&D investments for the development of new products
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global cosmetic preservatives market in their latest research report. This report also lists six other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated from the sales of the following product segments:
- Synthetic preservatives: A broad range of chemical and semi-synthetic preservatives used in cosmetics.
- Natural preservatives: All types of naturally occurring preservatives that are used in cosmetics such as lemon, honey, and grape seed extracts.
This Technavio report, under the lab equipment vertical, is based on the synthesis, analysis, and interpretation of information about the global cosmetic preservatives market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global cosmetic preservatives market is highly diversified and predominantly led by the multinational players in the market space. These multinationals make heavy investments in advertising and R&D of products including the introduction of anti-pollution, age-management, UV protection, natural, and personalized cosmetics products to meet the changing consumer demand pattern. The key players in the market have substantially strengthened their presence in the global market over the past few years. Regional vendors are finding it increasingly difficult to compete with these larger players with respect to quality, pricing, market reach, and financial resources.
“The ongoing increase in the consumption of cosmetics across the globe is prompting vendors in the market to invest heavily in the R&D of cosmetic preservatives. Companies are now spending more on product definition, design, commercialization, and manufacturing phases. Several vendors are emphasizing on the country of origin concept so as to leverage their brands’ historical origins, which is anticipated to provide an opportunity for local manufacturers of cosmetic preservatives in these countries,” says Amber Chourasia, a lead analyst at Technavio for research on lab equipment.
Top five vendors in the cosmetic preservatives market space
Ashland
Ashland is a specialty chemical company that offers products, services, and solutions for diversified markets. Its end-markets comprise architectural coatings, construction, energy, automotive, food and beverage, personal care, and pharmaceutical. The company serves customers in over 100 countries worldwide. The company operates primarily through three business segments which include specialty ingredients, performance materials, and Valvoline.
Key products: Optiphen, Rokonsal, Progressive preservatives, Nature-identical preservatives, Classic preservatives, and Preservative boosters.
BASF
BASF is a chemical company that offers an assortment of products including chemicals, plastics, performance and crop protection products, and oil and gas. The company serves diversified industries including paper, furniture, automotive, and others. BASF caters to more than 300,000 customers in 200 countries. The company’s product line comprises of basic chemicals, solvents, engineering plastics, electronic chemicals, and others.
Key products: Cosmetic active ingredients, Surfactants, Pigments, Emulsifiers, Polymers, Emollients, UV filters, Thickeners, and Lipid layer enhancers.
Clariant
Clariant manufactures and distributes a wide range of specialty chemicals. The company operates its care chemicals business through its industrial and consumer specialties business unit. This business operates across 14 production sites and five application and development centers. It covers various working areas, in which similar technologies and common production capacities are used. The company has an operational presence in 200 locations across 60 countries.
Key products: JM ActiCare, JM ActiCare P, Nipaguard PO5, Nipaguard SCM, Velsan AS, and Velsan SC.
Dow
Dow is a global producer of specialty chemicals, advanced materials, and plastics for the packaging, water, coatings, electronics, and agricultural industries. The company offers a spectrum of technology-based solutions and products to customers from around 180 countries. The company also provides over 6,000 product families that are manufactured across 179 sites in 35 countries. For FY2015, the company reported revenue of $48.78 billion and spent $1.6 billion on R&D expenditure.
Some key products: ACULYN 22, ACULYN 28, ACULYN 38, ACULYN 44, ACULYN 46, EcoSmooth 100 conditioning polymer, EcoSmooth Delight sensory modifier, EPITEX 66 polymer, EPITEX, and MoistStar HA+ Moisturizing Technology, POLYOX water-soluble resins, SolTerra Boost SPF booster for inorganic UV filters, SunSpheres LCG, SunSpheres PGL, SunSpheres powder etc.
Lonza
The company supplies chemical and biotech ingredients to industry segments including healthcare, pharmaceutical, and life science sectors. The company’s product offerings comprise of active pharmaceutical ingredients, drinking water sanitizers, stem cell therapy, industrial preservatives, vitamin B compounds, microbial control solutions, and organic personal care ingredients. Lonza’s offers a comprehensive range of preservation and protection systems including FormulaProtect, Geogard LSA, Isocil PC. The company operates around 90 sites and offices in 30 countries.
Key products: Biovert, Cosmocil CQ, Geogard 111 A, Geogard 111 S, Geogard 221, Geogard ECT, Geogard Ultra, Geogard LSA, Glycacil L, Glycacil 2000, Lonzaserve PC, Spectradyne, and Mikrokill COS.
Other prominent vendors in this market include Akema Fine Chemicals, Brenntag, Chemipol, Gujarat Organics, Salicylates and Chemicals, and Symrise.
A more detailed analysis is available in the Technavio report, Global Cosmetic Preservatives Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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