Global Cosmetic Pigments Market - 2019-2026
|化粧品用顔料の世界市場（2019年～2026年） Global Cosmetic Pigments Market - 2019-2026|
|出版日: 2020年06月18日||ページ情報: 英文||
Cosmetic pigments are the organic and inorganic compounds used in manufacturing cosmetic products and personal care products to provide the color, texture, and look. Cosmetic pigments are the colored, colorless, or fluorescent particulates that include characteristics such as bright and brilliant luster, shimmer, and shine. These are insoluble and are chemically unaffected by the medium in which they are incorporated. The global cosmetic pigments market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for cosmetic pigments for the usage in producing the personal care products including lip colors, nail paints, nail extensions, hair coloring agents, lipliners, and eyeliners as the cosmetic pigment provide the high sparkle and matte look to these products. The cosmetic pigments are useful for adding the visual appeal to the formulations. These are widely used for manufacturing facial makeup products including the blushers, foundation, cream & powders, pressed & mineral powders and face bronzing lotions
The rise in the launch of the cosmetic pigments shall stimulate market growth. For instance, in April 2019, Sun Chemical had introduced the SpectraFlex Illusion, a composite pigment that provides a cost-effective and novel approach to soft-focus effects. It comprised the balance of the properties including the transparency, diffuse transmission, and diffuse reflectivity to achieve optimal optical blurring effects. The SpectraFlex Illusion is a cost-effective alternative to ingredients in comparison to the other pigments such as alumina, polyethylene microspheres, and silicone elastomers. SpectraFlex Illusion soft-focus effect can be used in daily wear makeup primers to help optically blur fine lines and other imperfections and provides an immediate visible benefit after application to the skin. It can also be used for other personal care applications including the face powders, foundation, skincare, body powders, as well as creams and lotions for the hands and body.
In June 2016, BASF had launched the new colors & effects brand aligns BASF's global pigments expertise across five industries including the plastics, coatings, printing, cosmetics, and agriculture.
However, the stringent regulations regarding the use of pigments in manufacturing the cosmetic and personal care products are hindering the market growth. These are the different regulations regarding the specification of labeling, packaging, and the ingredients that are used in the manufacturing of the products in different countries. Moreover, it is difficult to maintain the cosmetic pigment quality in mass manufacturing.
The global cosmetic pigments market is segmented based on the elemental composition as organic pigments, and inorganic pigments. The inorganic pigments segment is expected to have the highest market growth and expected to grow at the highest CAGR over the forecasted period. The inorganic pigments comprised of the metal compounds, and opaque white pigments. The metal compounds include zinc oxide, titanium dioxide, iron oxide, chromium oxide, and other compounds. The titanium dioxide is widely used in the sunscreen cream formulations. The Iron oxide is added to the cosmetics for the red, yellow, and black shades. The chromium dioxide is used for developing green colored cosmetics. The opaque white pigments provide the opacity and to lighten other colors.
The organic pigment segment is expected to have positive market growth due to its widely used in the dyes, lip products, and other products due to its cost-effective nature and improving the structural properties of the products. These pigments are of high quality, certified, and brighter in comparison to the inorganic pigments. The organic pigments are made up of a carbon molecule. These are used for providing a superficial color. The organic pigment segment includes the toners, primers, micas, and lakes colors. Lakes colors are the highly stable and versatile that is manufactured through precipitating metallic salt with soluble dye.
Further, the market is also classified based on the application as nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose, and others. The facial makeup segment accounts for the highest market share due to the high usage of cosmetic pigments for manufacturing the facial makeup including the foundations, blushers, and face powders. There is a growing demand for facial makeup products with the growing beauty concerns among men and women. Several companies are using titanium dioxide is manufacturing the foundations, powders, and blushers to brighten the colors. The iron oxide is also used in manufacturing the liquid foundations, face powders, and blushers.
By region, the global cosmetic pigments market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Europe dominated the global cosmetic pigments market and is expected to grow at the highest CAGR during the forecasted period owing to the high production of high-quality cosmetics products. There is high adoption of advanced technologies such as surface treatment and pigment dispersion for the manufacturing the cosmetics products.
There is a high usage of cosmetics pigments for manufacturing cosmetics products. The higher spending on the research and development activities for the cosmetics pigments shall boost the market demand for the cosmetics pigments over the forecasted period.
The Asia-Pacific region is expected to have positive market growth due to the increasing usage of cosmetics products with the changing lifestyle and growing health & beauty concerns among the people. There is an increase in the number of companies developing cosmetic pigments for use in cosmetic and personal care products. There is increasing consumption of organic pigments in facial make up, hair products, eye makeup pigment products, and others. The drastic market growth is expected to observe in developing countries such as India, and China due to the high production of the blushers, face powder, mineral powder, and others. The growing domestic income and purchasing power shall stimulate market growth over the forecasted period.
The global cosmetic pigments market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Sun Chemical, Merck, Basf, Eckart, Kobo Products, Clariant, Geotech, and Venator are the leading market players with significant market share. The major players are using product development, novel product launches, market expansion, and product diversification strategies for holding their position in the market.
The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for Cosmetic Pigments and their expansion across the globe. For instance, in September 2019, Merck KGaA had expanded the global production capacities and optimizing its manufacturing processes for effect pigments. The new facility would increase the production capacities for silicon dioxide flakes, a special substrate for a whole range of unique effect pigments.
In August 2019, Sun Chemical (a subsidiary of DIC Corporation) had entered into the definitive agreement to acquire BASF's global pigments business, known as BASF Colors & Effects (BCE). The acquisition would broaden DIC's portfolio as a global manufacturer of pigments, including those for cosmetics, coatings, inks, and specialty and other applications, by creating a world-class pigments supplier that offers customers an even wider range of versatile solutions.
In November 2019, Colors & Effects, BASF's brand focusing on the global pigments business had launched a new digital product finder tool that provides the customers an integrated user experience for interacting with the brand's diverse pigment portfolios for the coatings, plastics, printing, agriculture and cosmetics markets.
In May 2019, BASF Colors & Effects had selected the ZI-Life's Industrial & Specialty Chemical Department (ISC) as an exclusive distributor for their cosmetic pigments in Thailand.