Rising demand for beauty products from ethnic groups to boost the cosmetic chemicals market growth

Cosmetic chemicals are a mix of chemical components derived from artificial sources. They are the main elements utilized for the preparation of personal care or cosmetic items. Parabens and formaldehyde-releasing additives are mostly utilized additives in cosmetic and personal care items. Increasing focus on aesthetic appearance among the populace is a major factor driving growth of the global cosmetic chemicals market. 

Key players involved in the global cosmetic chemicals market are Croda International Plc., Evonik Industries AG, BASF SE, Nouryon, The Dow Chemical Company, Solvay, and others.

Rising demand for beauty products from ethnic groups is expected to augment the growth of global cosmetic chemicals market. For instance, as per TABS Analytics it is found that above 1000 women aged between 18 to 34 used highest number beauty products. The rising need for personal care products is anticipated to propel the growth of global cosmetic chemicals market. For instance, as per the facts and figures published by a report around US$ 93 Billion was spent on personal care products in United States in 2020. 

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