Global Cosmetic Preservatives Market 2016-2020
About Cosmetic Preservatives
Cosmetic preservatives are substances added to cosmetic formulations to avoid spoilage caused by the growth of micro-organisms. Generally cosmetic preservatives are used in cosmetic products that contain water, like gels, creams, and lotions. Water acts as a breeding medium for yeast, fungus, bacteria, and molds, which can spoil the product and cause mild to severe side-effects on the user.
Technavio’s analysts forecast the global cosmetic preservatives market to grow at a CAGR of 5.77% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cosmetic preservatives market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of the synthetic preservatives, and natural preservatives.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cosmetic Preservatives Market 2016-2020
Technavio recognizes the following companies as the key players in the global cosmetic preservatives market: Ashland, BASF, Clariant, Dow, and Lonza.
Other Prominent Vendors in the market are: Akema Fine Chemicals, Brenntag, Chemipol, Gujarat Organics, Salicylates and Chemicals, and Symrise.
Commenting on the report, an analyst from Technavio’s team said: “Increase in popularity of natural skin care products will be a key trend for market growth. There is a growing awareness about different skin care products available in the market that offer various benefits to the users. The awareness is greater among women, as they are very conscious about their appearance and are looking for facial care products that are of good quality, deliver quick results, and help fight problems such as acne, wrinkling, aging, dark spots, and skin darkening.”
According to the report, growing demand for paraben-free preservatives will be a key driver for market growth. Various activist groups and media have been contesting the use of parabens in cosmetics due to the harm these preservatives can cause in users. Parabens are a group of compounds widely used as an antifungal agent, preservative and antimicrobial in creams, ointments, lotions, underarm deodorants, and other cosmetics. They are added in different forms like propylparaben, isoparaben, ethylparaben, and butylparaben depending upon the formulation of the product.
Further, the report states that in September 2013, W.S. Badger, a provider of natural personal care products, recalled its sunscreen lotions for children due to microbial contamination. The various side-effects associated with the use of cosmetic preservatives is a major challenge to the growth of the market as it has created a negative image for cosmetics in the market.
Ashland, BASF, Clariant, Dow, Lonza, Akema Fine Chemicals, Brenntag, Chemipol, Gujarat Organics, Salicylates and Chemicals, and Symrise.
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