Inorganic Cosmetics Pigments Market Trends | Key Findings, Company Profiles, Comprehensive Analysis, Development Strategy
Market Highlights
Theglobal inorganic cosmetic pigments market trends is estimated
to be valued at USD 7,207.32 million by 2027and register a CAGR of around 6.8%
during the forecast period.
The global inorganic cosmetic pigments market trends is expected
to witness a surging growth in the coming assessment period owing to its
widespread usage in cosmetics and personal care industry.The extensive use of
various inorganic cosmetic pigments such as titanium dioxide, iron oxide,
chromium oxides, and zinc oxide in the cosmetics industry and the various
advantages offered by their use are the major factors driving their adoption.
However, factors such as stringent regulations and price volatility of key raw
materials hamper the growth of the market. Nevertheless, projected rise in
demand for inorganic cosmetic pigments in emerging economies and continuous
expansion and product launch by key manufacturers is likely to bring lucrative
opportunity for the growth of the market in the forecast period. In addition to
this, the outbreak of Covid-19 has severely impacted the global market owing to
the shutting down of factories, reduction in labor, and decline in production
output. However,with the lift of lockdown measures and trade restrictions, the
demand is expected to gain pace and drive market growth.
Segmental Analysis
According to MRFR analysis, the global inorganic cosmetic
pigments market trends has been segmented based on type, application,and
region.
Based on type, the global inorganic cosmetics pigments market
has been segmented into titanium dioxide, iron oxide, chromium oxide, mica,
zinc oxide, ultramarines, and others. The titanium dioxide segment accounts for
largest share of over 30% in the global market in 2019. The growth is
attributed to its wide application and high consumption in the facial and nail
segment of the growing cosmetics industry.Further, titanium dioxide is expected
to gain a traction in the coming years with CAGR over 7.5% from 2020 to 2027.
Based on application, the global market has segmented into
facial make-up, lip products, eye make-up, nail products, hair color products,
and others.The facial make-up segmentaccounted for the largest market share of
around 30% in the global market in 2019. The growth is mainly attributed to the
growing consumption by working women and rising consciousness about physical
appearance among millennial women. Further, it is expected to witness a healthy
CAGR of over 7% between 2020 and 2027.
Regional Analysis
Geographically, the global Inorganic Cosmetic Pigments Market Trends has
been segmented into North America, Europe, Asia-Pacific, Latin America, and
Middle East & Africa. As per MRFR analysis, Asia-Pacific region dominated
the global market, accounting for the largest share of around 44%in 2019and is
expected to register a CAGR around 7.5% during the forecast period. The market
growth can be attributed to the high availability of raw materials, cheap
labor, rapid industrialization, and commercialization in the region, especially
with the growth of the personal care industry. North Americais followed by
Asia-Pacific, which accounted for the second-largest share of the global
inorganic cosmetic pigments market in2019 and recorded significant growth with
CAGR around 7% over the forecast period. Europe region is expected to witness
moderate growth, with CAGR around5.5% over the forecast period. Latin America
and the Middle East and Africa markets are also likely to witness notable
growth with CAGR around 6% during the forecast period, 2020–2027.
Access full report @
https://www.marketresearchfuture.com/reports/inorganic-cosmetics-pigments-market-10531
Key Findings of the Study:
- The
global inorganic cosmetic pigments market is estimated to be
valued at around USD 4,600million in2019 and is expected to
register a CAGR of around6.8% to reach around USD 7,200 million by the
end of 2027.
- Based
on type, the titanium dioxide segment held the largest share
of over30% by value in 2019 and is expected to register a
CAGR of around 7.5% during the forecast period.
- Based
on application, the facial make-up segment held the largest
share of around 30% by value in 2019 and is expected to
register a CAGR of around7% during the forecast period.
- Asia-Pacificaccounted
for the largest share in the global market ofaround 44% by
value in 2019.
Request For Sample Report Here @
https://www.marketresearchfuture.com/sample_request/10531
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to
unravel the complexity of various industries through our Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality
market research and intelligence services to our clients. Our market research
studies by products, services, technologies, applications, end users, and
market players for global, regional, and country level market segments, enable
our clients to see more, know more, and do more, which help to answer all their
most important questions.
In order to stay updated with technology and work process of the
industry, MRFR often plans & conducts meet with the industry experts and
industrial visits for its research analyst members.
Contact:
Wantstats Research and Media Private Limited
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Email: sales@marketresearchfuture.com
Read More Related Article:
https://www.marketresearchfuture.com/reports/medical-device-coatings-market-2120
https://www.marketresearchfuture.com/reports/tungsten-carbide-market-5388
https://www.marketresearchfuture.com/reports/abrasion-resistant-coatings-market-8316
https://www.marketresearchfuture.com/reports/blended-fibers-market-6542
Comments
Post a Comment