Thursday, May 21, 2020

Cosmetic Pigments Market to Witness Robust Expansion Throughout the Forecast Period 2019 - 2030 - BASF, Huntsman, Sensient Cosmetic Technologies

Cosmetic pigments market was valued at over US$ 500.0 Mn in 2018 and is anticipated to grow at a CAGR of 7.1% from 2019 to 2030.

Cosmetic pigments market is driven by growing demand for cosmetic & personal care products across the globe. These pigments are use as colorants in various cosmetics products such as lipsticks, nail paints, eye make-up, and hair dyes among others. It also enhances the texture and consistency. Moreover, rise in purchasing power of the consumer, awareness regarding improving overall aesthetic looks and changing fashion trends are other factors propelling the market growth. However, stringent regulations associated in the manufacturing of pigments are the prime factor hampering the market growth. Also, high content of metal in these pigments is another factor restraining the growth of the market. Moreover, shift in trend towards the usage of organic and natural ingredients offer huge market traction over the coming years.



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