Global Cosmetic Pigments Market: Overview
Cosmetic pigments are used in the manufacturing of various colored cosmetic products such lipsticks, nail polishes, hair coloring agents, eyeliners, and so on. These pigments are available in the market in two forms, natural and synthetic. Cosmetic pigments are temporary in nature known as fugitive pigments. These pigments fade if prolonged exposed to light or ultimately fade over time. Cosmetic pigments are chiefly employed in the manufacturing of products such as nail products, facial makeup, eye makeup, hair color products, lip products, and special effects and special purpose products.
Global Cosmetic Pigments Market: Growth Factors
Augmenting demand for make-up products such as face powders, foundations and moves are projected to foster the global cosmetic pigments market growth. Increasing purchasing power of the people may propel the global market growth in future. In addition, globally changing fashion trend is anticipated to contribute to the market growth in future. However, acceptance of Western culture across the world is expected to enhance the global cosmetic pigments market growth in the near future.
Global Cosmetic Pigments Market: Segmentation
Based on composition, the global cosmetic pigments market is segregated as organic, and inorganic. Of these, inorganic cosmetic pigments accommodate for the largest market share due to increasing disposable income of consumers and changing fashion trends. The organic segment is further sub-segmented as toners, lakes and true. However, inorganic segment consists of zinc oxide, titanium dioxide, chromium dioxide, and iron oxide. Based on application segment, the global cosmetic pigments market is segregated as facial make-up, nail products, lip products, special effect and special purpose products, and eye make-up. Of these, the facial make-up application is the dominating segment in the global market. Based on technology, the global cosmetic pigments market is classified as surface treatment, and pigment dispersion.
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Global Cosmetic Pigments Market: Regional Analysis
Europe is the largest market for cosmetic pigments owing to the higher consumer base. In addition, increasing demand for cosmetic pigments in different applications such as hair color products, eye makeup, lip products, special effect & special purpose products, nail products, and others. This is expected to boost the global cosmetic pigments market in the coming years. However, higher demand for facial make-up in the European countries may fuel the global market growth. Upgradation of technology and higher spending on R&D activities further strengthens the Asia Pacific market. In addition, strategic initiatives undertaken by this region in the last few years help to expand the cosmetic pigments market. Moreover, company’s inclination towards the adoption of organic and inorganic growth strategies includes mergers & acquisitions, new product launches, and expansions to strengthen their positions in the global cosmetic pigments market.
Global Cosmetic Pigments Market: Competitive Players
Major players dominating the global cosmetic pigments market are Sensient Cosmetic Technologies, Kobo Products Inc., Sun Chemical, and Sudarshan Chemical Industries. Other players include EMD Performance Materials, Lanxess, Geotech International B.V., BASF SE, and Clariant.