TechNavio recognizes the following companies as the key players in the Global Chemicals for Cosmetics and Toiletries Market: AkzoNobel NV, BASF SE, Evonik Industries AG, Solvay-Rhodia, and Stepan Co.
Commenting on the report, an analyst from TechNavio’s team said: “Nanotechnology has found application in a range of markets such as Electronics, Medicine, and Cosmetics. The use of nanotechnology in cosmetics has been gaining importance over the last few years due to the enhanced properties that can rendered through nanoparticles compared to conventional technologies employed in cosmetics, such as solubility, color, and transparency. Also, the use of nanotechnology in cosmetics enables the provision of product benefits such as enhanced UV protection and better skin penetration. Liposomes, nanocrystals, nanocapsules, buckyballs, dendromers, and cubosomes are some of the types of nanoparticles used in cosmetics. Leading vendors in the Global Cosmetics market have an increasing number of patented nanotechnology-based cosmetics. Hence, cosmetic formulations with nanoparticles are gaining increasing importance. Thus, the Global Chemicals for Cosmetics and Toiletries market is expected to witness the emergence of nanotechnology in cosmetics.”
According to the report, many drivers are contributing to the growth of the Global Chemicals for Cosmetics and Toiletries market, the most important of which is the increase in demand for natural or bio-based products. The increasing awareness of the negative impact of chemicals on human health is fuelling the introduction of natural ingredients for cosmetics and toiletries.
Further, the report states that one of the major challenges in the market is the regulatory barriers to the use of active ingredients in cosmetics. Regions such as North America and Europe have stringent laws and regulations that not only require detailed documentation of the effects of chemical ingredients on human health, but also limit the amount used in cosmetic products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-chemicals-cosmetics-and-toiletrie…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Chemicals for Cosmetics and Toiletries Market 2012-2016
