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- 142 Market data Tables
- 39 Figures
- 174 Pages and in-depth TOC on “Cosmetic Pigments Market – Global Forecast to 2026″
This report also provides a comprehensive analysis of the companies listed below:
Sun Chemical (US), Sensient Cosmetic Technologies (France), Merck (Germany), ECKART (UK), Sudarshan (India), Kobo Products (US), Clariant (Switzerland), and Geotech (Netherlands)
The pandemic is estimated to have an impact on various factors of the value chain of the cosmetic pigments market, which is expected to reflect during the forecast period, especially in the year 2020 to 2021. The various impact of COVID-19 are as follows:
IMPACT ON COSMETIC PIGMENTS: The outbreak of the COVID-19 pandemic has resulted in the temporary shutdown of production plants and related activities in most of the major economies across the globe. Besides, it has slow down the growth of various sectors as most of the countries worldwide have resorted to nationwide lockdown as a measure to control the spread of the virus. This has resulted in disruptions in the global supply chains and consequently affected the growth of the cosmetic industry attributed to the shortage of raw materials and other inputs. Likewise, limited transportation, travel restrictions, and halt of manufacturing activities have hampered the growth of the cosmetic pigments market, and the purchase and usage patterns have changed drastically, which has reduced the sales of various beauty segments. In addition, some of the beauty companies, such as Clarins and Estée Lauder Companies Inc, have switched their manufacturing from beauty products to sanitizers. This has impacted the overall growth of the cosmetic industry, which ultimately has created challenges for the players operating in the cosmetic pigments market.
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The special effect pigments segment is estimated to lead the cosmetic pigments market, by type, during the forecast period.
Special effect pigments are the fastest-growing segment of the cosmetic pigments market, by type, owing to the presence of a large number of manufacturers of cosmetic pigments. The increasing demand for special effect pigments in cosmetic products such as lip products and eye shadows is expected to drive the market for this type of pigments during the forecast period.
Special effect pigments are used in all types of cosmetic and personal care applications to add color, glitter, luster, and shine. These pigments also help in enhancing skin tone. Special effect pigments provide cosmetics products with glow and texture improvement benefits.
High economic growth rate and growing facial makeup application in China, Japan, and India are projected to lead the cosmetic pigments market in Asia Pacific during the forecast period.
Asia Pacific is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make Asia Pacific the most preferred destination for the manufacturers of cosmetic pigments. The use of cosmetic pigments as an important additive in various applications such as nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose as is driving the market in China. Asia Pacific is emerging as a leading consumer of cosmetic pigments due to the increasing demand from domestic as well as international markets.
