Cosmetic Colorants Market

Cosmetic Colorants Market Overview

Cosmetics are used to enhance the beauty of human being. Cosmetic dyes and cosmetic pigments are majorly used in the production of cosmetic colorants. Cosmetic pigments are color additives that are not soluble in the medium in which they are used. Organic pigments and inorganic pigments are broadly used in the cosmetic pigments market. Inorganic pigments such as ultramarine, chromium, iron oxides, among others which are popular in the market. Organic pigments are made of carbons and other molecules such as lakes, toners, and true pigments. In addition, cosmetic pigments are used in various applications such as facial makeup, eye makeup, lip products, nail products, among others.

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Major Cosmetic Colorants Market Drivers

The key factor propelling the market growth of the global cosmetic colorants include rising demand for dyes and pigments from various applications with key being facial makeup, eye makeup, lip products and hair color products. The rise in per capita expenditure on cosmetic products in developing economies as a result of increasing awareness regarding the appearance among the consumers. Moreover, growing demand for cosmetic products owing to the proclivity of consumers towards maintaining their lifestyle coupled with increasing fashion consciousness is paving the way for cosmetic colorants in the market worldwide. In addition, increasing disposable income and rapid urbanization are leading to an increase in demand for cosmetic and personal care products in the market.

According to the Food and Drug Administration (FDA), the color additives that are being used in cosmetic products need to be approved under Federal Food, Drug and Cosmetic Act. In addition, manufacturers that are using color additives must fulfill the basic requirements that include approval, certification, identity & specification and use & restrictions to ensure that their product will not cause any harm to the consumers. In addition, the manufacturers who failed to meet the basic color additive requirements except in the case of coal-tar hair dyes, their cosmetics will be considered to be adulterated.

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Pigments type segment accounted for the major share in 2018 and is expected to dominate the market during the forecast period. The growth of this segment is attributed to its increased usage in the manufacturing of color cosmetics. In addition, the increase in the demand for differentiated and premium products by the consumers is also acting as a key driver for growth. Pigments are further classified into organic and inorganic pigments. Inorganic pigments captured the maximum market share in 2018 owing to its increased demand by the end-users. These pigments are composed of metal compounds such as ultramarine, iron oxides, chromium, titanium oxide etc which are stable in solvents and have higher heat stability.

Facial Makeup application segment accounted for the maximum share in 2018 and is expected to dominate the cosmetic colorant market during the forecast period owing to rising demand for makeup products such as face powders, foundation and concealer by the consumers worldwide. Increasing participation of women in the workforce and rising physical appearance consciousness among millennial consumers are fuelling the demand for the facial makeup segment. In addition, high usage of cosmetic pigments in facial makeup products including blushers, concealers, foundations and powders is anticipated to drive the market in the upcoming years.

Europe held the largest market share in 2018 for cosmetic colorants owing to rising per capita spending on cosmetic products coupled with an increase in the demand for high-quality cosmetic products such as makeup, lipsticks and nail products among women. The Asia-Pacific region is expected to grow at the highest CAGR of 8.2% during the forecast period due to the increasing purchasing power of the consumer and changing consumers lifestyle leading to rise in demand for cosmetic products. Moreover, the availability of low-cost raw material and increase in spending on promotional activities by the key players to increase consumer awareness will also pave the way for cosmetic colorants in this region.

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Top Market Players

Global cosmetic colorants market share is divided by some of the key players including Clariant AG, Sensient Technologies Corporation, Merck KGaA, BASF SE, Organic Dyes and Pigments, Aakash Chemicals and Dyestuffs, DyStar, Altana AG, DIC Corporation, Kobo Products Inc., among others.

Key Market Developments:

• • In 2019, DIC Corporation and BASF’s entered into an agreement on the acquisition of pigments business of BASF at a global level for USD 1.27 billion. The transaction will be closed by the end of fourth quarter of 2020.
  • In 2019, BASF SE entered into a strategic alliance with siHealth Ltd wherein the company will exclusively market optronic technologies and scientifically-based satellite to the personal care industry globally.
  • In 2019, Sun chemicals subsidiary of DIC Corporation introduced its new SpectraFlex Illusion for soft-focus effects. SpectraFlex Illusion soft-focus effects majorly used for daily makeup products and also used for various personal care applications such as foundation, face powders and other skin care applications.

Segments covered in the Report:

The global cosmetic colorants market has been segmented based on the product type, application, and key geographies. Based on the product type, the global cosmetic colorants market has been segmented into pigments and dyes. Pigments is further sub segmented into organic pigments and inorganic pigments. Based on application, the global cosmetic colorants market has been segmented into facial makeup, eye makeup, lip products, nail products, hair color products and others.

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Market Segmentation:

Global Cosmetic Colorants Market by Product Type

• • Pigments
  • Dyes

Global Cosmetic Colorants Market by Application

• • Facial makeup
  • Eye makeup
  • Lip products
  • Nail products
  • Hair color products
  • Others

Global Cosmetic Colorants Market by Region

• • North America Cosmetic Colorants Market Option 1: As a part of the free 25% customization

    • North America Cosmetic Colorants Market By Product Type
    • North America Cosmetic Colorants Market By Application
    • United States of America (US) Cosmetic Colorants Market All-Up
    • Canada Cosmetic Colorants Market All-Up

  • Europe Cosmetic Colorants Market Option 2: As a part of the free 25% customization

    • Europe Cosmetic Colorants Market By Product Type
    • Europe Cosmetic Colorants Market By Application
    • United Kingdom (UK) Cosmetic Colorants Market All-Up
    • Germany All-Up Cosmetic Colorants Market All-Up
    • France Cosmetic Colorants Market All-Up
    • Spain Cosmetic Colorants Market All-Up
    • Rest of Europe Cosmetic Colorants Market All-Up

  • Asia-Pacific Cosmetic Colorants Market Option 3: As a part of the free 25% customization

    • Asia-Pacific Cosmetic Colorants Market By Product Type
    • Asia-Pacific Cosmetic Colorants Market By Application
    • China Cosmetic Colorants Market All-Up
    • India Cosmetic Colorants Market All-Up
    • Japan Cosmetic Colorants Market All-Up
    • Rest of APAC Cosmetic Colorants Market All-Up

  • ROW Cosmetic Colorants Market Option 4: As a part of the free 25% customization

    • RoW Cosmetic Colorants Market By Product Type
    • RoW Cosmetic Colorants Market By Application
    • Brazil Cosmetic Colorants Market All-Up
    • South Africa Cosmetic Colorants Market All-Up
    • Saudi Arabia Cosmetic Colorants Market All-Up
    • UAE Cosmetic Colorants Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Cosmetic Colorants Market All-Up

Cosmetic Colorants Leading Market Players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Clariant AG
  • Sensient Technologies Corporation
  • Merck KGaA
  • BASF SE
  • Organic Dyes and Pigments
  • Aakash Chemicals and Dyestuffs
  • DyStar
  • Altana AG
  • DIC Corporation
  • Kobo Products Inc.