Market Industry Reports (MIR) has published a new report titled “Cosmetic Pigments Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global cosmetic pigments market was valued at over US$ 500.0 Mn in 2018 and is anticipated to grow at a significant CAGR during the forecast period of 2019-2030.
Growing cosmetic industry is the prime factor driving the market growth. Also, improving lifestyle and rise in purchasing power of the consumer is another factor propelling the market growth. Moreover, shift in trend towards organic and natural ingredients offers huge traction towards the market growth.
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Asia Pacific Region Offers Huge Market Potential
Asia Pacific region is anticipated to witness fastest growth over the next few years. Rise in purchasing power of the consumer, adoption of western culture, improving lifestyle, and rising awareness regarding self-grooming are the factors driving the market growth. Moreover, Asia Pacific market is also witnessing growth owing to low labor cost and easy availability of raw materials. Furthermore, ongoing R&D initiatives and technological advancement are the factors bolstering the market growth. India, China, South Korea, and Malaysia are the main economies driving the cosmetic pigments market growth in Asia Pacific region.
The study explores what the future Cosmetic Pigments market will look like. Most importantly, the research familiarizes product owners with whom the immediate competitors are and what buyers expect and what are the effective business strategies adopted by prominent leaders. To help both established companies and new entrants not only see the disruption but also see opportunities. In-depth exploration of how the industry behaves, including assessment of government bodies, financial organization and other regulatory bodies. Beginning with a macroeconomic outlook, the study drills deep into the sub-categories of the industry and evaluation of the trends influencing the business.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Cosmetic Pigments Market by Composition (Organic & Inorganic), Type (Special Effect, Surface Treated, Nano Pigments and Natural Colorants), Application (Facial Makeup, Lip Products, Hair Color Products, Nail Products and Eye Makeup) – Global Analysis & Forecast, 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/60/cosmetic-pigments-market
Rising demand from Cosmetic Industry
The cosmetic pigments market is driven by growing cosmetic industry. The cosmetic industry is projected to reach over US$ 25 billion by 2030. Cosmetic pigments are used in cosmetic industry to impart colors, enhance the strength and uniqueness in shades of color. The cosmetic industry is driven by rise in purchasing power of the consumer, growing interest to enhance the overall appearance and changing fashion trends. As the market for cosmetics products is witnessing growth, it will in turn support the demand for cosmetic pigments.
Cosmetic Pigments Market Key Players
The cosmetic pigments market is highly fragmented and players present in this market are adopting various strategies to enhance their market position. Some are adopting mergers and acquisition and joint ventures strategies. While are some are shifting their manufacturing base in emerging economies to reduce their manufacturing cost. New products launches are another key strategy adopted by the market players. BASF SE, Huntsman, Sensient Cosmetic Technologies, Kobo Products Inc., Merck Performance Materials, Clariant and LANXESS are some of the dominant players present in the cosmetic pigments market.
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The research provides answers to the following key questions
- What will be the marketing and pricing strategies followed by the prominent vendors operating in the Cosmetic Pigments market for the forecast period, 2019 to 2030?
- What are new uses for the existing products or services and how have they contributed in increasing the demand for products or services?
- What are the general conditions prevailing and influencing the business environment of the Cosmetic Pigments market?
- Who are the major manufacturers exploring new regions for their products and services?
- What will be the status of demand and supply and distribution channel requirements worldwide in the coming years?
- What will be the market share of the Cosmetic Pigments market over the various time periods?
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