Cosmetics Preservative Market Size By Product (Natural/ Organic preservatives [Plants & herbal extracts, Essential oil, Natural antioxidants, Organic acid], Synthetic/ Chemical preservatives [Parabens, Formaldehyde Releasers, Alcohols, Phenol Derivatives, Quaternary Ammonium Compounds, Others]), By Application (Hair Care, Skin Care, Toiletries, Fragrances and Perfumes, Baby Products, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, Japan, India, South Korea, Australia, Thailand, Malaysia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 - 2024
Cosmetics Preservative Market may exceed USD 1.45 billion by 2024; according to a new research report.
Increasing demand for natural preservatives including tea tree, clove, thyme, and cinnamon along with mounting alertness for personal hygiene are major factors that is likely to stimulate growth of cosmetics preservative market.
Growing demand for functional products along with rising number of employed women population is likely to drive cosmetics preservative market. These ingredients are added to personal care products in order to enhance product lifespan and facial appearance. Growing customer spending on beautification reinforced by increasing aged population will stimulate product demand by 2024.
China cosmetics preservative market from phenol derivatives is projected to surpass USD 10 million by 2024. They are used in beauty products owing to their effectiveness against numerous microbe. Phenoxyethanol phenol derivatives is a glycol ether, which is used as preservatives and is an alternative to parabens, which is anticipated to stimulate product demand. Growing demand for phenol derivative as a stabilizing agent in creams, shampoos, perfumes and ointments is projected to further drive the overall cosmetics preservative market growth.
U.S. cosmetics preservative market from haircare applications may witness gains at over 7% by 2024. Hair care products comprises of liquids including floral water, aloe vera and hydrosol where these liquids are ideal for microbial growth. Preservative plays vital role to prevent these microbes growth, thus driving product demand in this region.
Italy cosmetics preservative market from skin care applications may witness gains at over 8% in the predicted timeframe, owing to upgradation in lifestyles of the individuals, which is positively affecting personal care market demand. Growing demand for skin care products including scrubs, lotions, sunscreens and facemasks, which extensively use preservatives is likely to boost industry growth by 2024.
UK cosmetics preservative market from toiletries application is poised to witness gains of over 7.5% by 2024. Toiletries can become polluted and contaminated which can lead to product decay, infection and irritation. Bacterial adulteration of products can cause problems on the skin, preservatives help prevent such problems, thereby fueling product demand.
Global cosmetics preservative market share is competitive as well as moderately consolidated among several participants including Clariant, Symrise AG, Dow Chemicals, Ashland, BASF SE, Lonza Group, Brenntag AG, Chemipol and Evonik. Manufacturers are extensively stressing on research and development doings to eradicate product side effects on consumer, with primary importance is given to natural and organic skin care product to fulfill consumer demand.
Lonza launched its new product under the brand name of Geogard 221 / Cosgard, which is Ecocert approved, broad spectrum, multi-use. The company used synergistic blend of alcohol and organic acid formulating benzyl alcohol & dehyroacetic acid, offering an extensive range of pH. Synergistic blend makes the use of one or more compounds in the formulation to minimize the use of preservatives and maximizing the effect.