Cleansing, solubilizing, foaming, thickening, emulsifying, penetration enhancement, and other special effects are attained in cosmetic by the use of surfactants. Surfactants are the most important ingredient in personal care and beauty products. The only reason to use surfactants in cosmetic is that surfactant molecule is compatible with both hot and cold water. Cosmetic ingredients are substances used for composition and formulation of cosmetics. The ingredients mainly used in cosmetics include surfactants, conditioners, colorants, polymers, and active ingredients.
Rising awareness about beautification and increasing urbanized population are major factors driving growth of the cosmetics surfactants market. Cosmetic ingredients such as surfactants are useful for skin cleansers, due to its exceptional foaming ability. The demand for cosmetic products is increasing due to changing lifestyles and increasing disposal income. Compared to other segments, skincare segment is the major driver for growth of the global cosmetic surfactants market. Significant increase in use of skincare products is expected to boost the cosmetic surfactants market growth over the forecast period, globally. According to Korea Cosmetic Association (KCA), skincare cosmetics market, one of the largest import category in Korea, was expected to reach US$ 4,944 million in 2017, from US$ 4,192 million in 2016.
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Stringent government regulations may hamper the market growth of cosmetic surfactants over the use of inorganic surfactants. Since inorganic cosmetic surfactants are irritating to skin and eye, manufactures are using green surfactants in the products. Coconut oil and palm oil is widely used as a green surfactants for manufacturing the cosmetic products.
Asia Pacific is expected to be the fastest growing region in the cosmetic surfactants market during the forecast period. This is due to rapid globalization & urbanization, and rising disposable income of the populace in this region. According to Ministry of Economy and Industry, Indian beauty and personal care industry is expected to reach US$ 10.5 billion in 2021, up by 40% from US$ 7.5 billion in 2016. Therefore, significant growth in personal care industry is expected to boost growth of the cosmetic surfactants market in the region during the forecast period.
Key players operating in the cosmetic surfactants market include Lonza Group, AkzoNobel, Solvay SA, Croda International, Eastman Chemical Company, Ashland Global Holdings Inc., Clariant AG, Evonik Industries AG, Koninklijke DSM N.V., The Dow Chemicals, and Innospec Inc.
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On the basis of source, the global cosmetic surfactants market is segmented into:
On the basis of application, the global cosmetic surfactants market is segmented into:
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