Cosmetic Chemicals Market Share, Size, Demand, Growth & Trends by 2032
The global cosmetic chemicals market is worth US$ 15.89 Bn as of now and expected to reach US$ 26.84 Bn by the year 2032 at a CAGR of 5.4% between 2022 and 2032. Ingredients most commonly used in cosmetics are inclusive of preservatives, emulsifiers, moisturizers, thickeners, fragrances, and colors. They could be devised either naturally or synthetically. One could also derive synthetic chemicals from the natural products like bio- or petroleum-based ingredients. However, manufacturing process involved in synthesizing these chemicals is pretty complex. Moreover, as they are ‘derived’, they are categorized as synthetic. The natural products are inclusive of microbial, animal, mineral, and plant. Elevance Renewable Sciences, Inc. is a manufacturer of specialty chemicals that develops as well as markets the emollients formulated by using the patented technology from various plant-based products for usage in cosmetics, skin lotions, and hair styling products. Constructive disrupt