Sellbyville, DE -- (SBWire) -- 02/08/2019 --Another factor driving the cosmetics preservative market growth is the millennial generation who are attuned to rediscovering products that have been around for quite sometime but have somewhat lost their demand. One example is the Double Wear foundation by Estée Lauder that had been launched three decades ago but has recently witnessed a double-digit growth rate as the younger generation has rediscovered its usability. The generation is also driven by the trend of presenting oneself to be as appealing as possible on social media, aiding the sales of skin care products like masks.
SMBs with lesser capital have been attempting to make it big in cosmetics preservative industry through tie ups with vloggers and other influencers who can boost sales for their products. The independent brand Becca Cosmetics proved such a point in 2015 when it partnered with YouTube beauty personality Jaclyn Hill to create Champagne Pop, a $38 highlighter. All 25,000 units of the shimmery powder were sold within 20 minutes on Sephora.com. In 2016, Estée Lauder acquired Becca in a deal reportedly worth US$200 million. With social media and millennial trends diversifying the scope for the beauty industry, the cosmetics preservative industry is certain to accrue commendable returns ahead.
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Cosmetic preservatives manufacturers are substituting parabens with safer and effective product like Benzyl alcohol. It is a latent alternate to parabens due to its wide spectrum and capability to avert growth of yeast, mold and bacteria in cosmetics. Although cost of alternate preservatives is comparatively higher, consumers are ready to spend additional on paraben-free products.
Company Profile :
1. Ashland
2. Lonza
3. Akema Fine Chemicals
4. The Dow Chemical Company
5. BASF
6. Chemipol
7. Clariant
8. Sharon Laboratories
9. Symrise Ag
10. Salicylates and Chemicals Pvt Ltd
11. Thor Group Ltd.
12. Dadia Chemical Industries
13. Gujarat Organics Limited
Germany parabens cosmetic preservatives market size is likely to reach 1.5 kilo tons owing to its usage in conditioners, shampoos, sunscreen lotions and anti-aging cremes. These chemicals have similar features as organic products due to high effectiveness as bactericide and fungicide properties, along with manufacturers acceptance as it offers high compatibility, thus prompting cosmetic preservatives market size.
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China cosmetics preservative market demand from toiletries application may witness significant growth of over 6.5% by 2024. Rising living standard of consumers along with large scale of economies has impelled demand for toiletries in this region and is likely to boost demand for cosmetic preservatives in this segment.
Global cosmetic preservatives market share is competitive and moderately consolidated with key industry precipitants includes Chemipol, Lonza Group, Brenntag, Dow Chemical Company, Brenntag, BASF SE, Ashland Inc and Akema Fine Chemicals. Increasing consumption of beauty products has impelled vendors to invest profoundly in R&D for cosmetic preservatives. Companies are spending more on product design, manufacturing phases, Innovation and commercialization.
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Cosmetics Preservative Market Analysis, Growth, Trends & Forecast 2018-2024: Global Industry Analysis by BASF, Clariant and the Dow Chemical Company
Cosmetic preservatives manufacturers are substituting parabens with safer and effective product like Benzyl alcohol.