Exponential growth of cosmetic industry is expected to boost the global market at a CAGR of around 6.8%

Pune, India, April 2021, MRFR Press Release/Market Research Future has published a cooked research report on the Global Inorganic Cosmetic Pigments Market.Market Research Future will be publishing a cooked research report on the “Global inorganic cosmetic pigments market” that contains information from 2020 to 2027. The global inorganic cosmetic pigments market is expected to register a CAGR of 6.8% during the forecast period, 2020–2027.

Market Research Future (MRFR) recognizes the following companies as the key players in the global inorganic cosmetic pigments market:Sudarshan Chemicals Industries Limited (India), Kolortek Co., Ltd (China), Sun Chemical (US), Merck KGaA (Germany), Sensient Cosmetic Technologies (US), Kobo Products Inc. (US), Geotech International B.V. (Netherlands), Lanxess AG (Germany), ECKART (Germany), and The Chemours Company (US)

Market Highlights

Theglobal inorganic cosmetic pigments marketis estimated to be valued at USD 7,200 million by 2027 and register a CAGR of around 6.8% during the forecast period.

The global inorganic cosmetic pigments market 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 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 segment accounted 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 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 2019 and 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 in 2019 and recorded significant growth with CAGR of around 7% over the forecast period. Europe region is expected to witness moderate growth, with CAGR of around 5.5% over the forecast period. Latin America and the Middle East and Africa markets are also likely to witness notable growth with CAGR of around 6% during the forecast period, 2020–2027.

Key Findings of the Study:

• The global inorganic cosmetic pigments market is estimated to be valued at around USD 4,600million in 2019 and is expected to register a CAGR of around 6.8% to reach around USD 7,200 million by the end of 2027.


• Based on type, the titanium dioxide segment held the largest share of over 30% 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 around 7% during the forecast period.


• Asia-Pacific accounted for the largest share in the global market around 44% by value in 2019.

Related Reports

• 
  Global Cosmetics Market: Information by Product Type (Skin Care, Hair Care, Nail Care, Color Cosmetics and others), Category (Conventional and Organic), Distribution Channel (Store-Based and Non-Store-Based), and Region (North America, Asia-Pacific, Europe, Latin America and the Middle East & Africa) - Forecast till 2032

• 
  Global Natural and Organic Cosmetics Market:By Type (Skin Care, Hair Care, Oral Care, Makeup Cosmetics and Others), By Consumer Group (Male and Female), By Distribution Channel (Store-Based and Non-Store Based)and Region (North America, Asia-Pacific, Europe, Latin America and the Middle East & Africa)- Forecast till2023