Cosmetic Preservatives Market worth $562 million by 2027 | Key players BASF SE, Arkema S.r.l., Symrise AG, Clariant AG, Salicylates and Chemicals

According to recent market research "Cosmetic Preservatives Market by Type (Paraben Esters, Formaldehyde Donors, Phenol Derivatives, Alcohols, Inorganics, Quaternary Compounds, Organic Acids & Their Salts), Application and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027", The cosmetic preservatives market is estimated to be USD 410 million in 2022 and is projected to reach USD 562 million by 2027, at a CAGR of 6.5% between 2022 and 2027. The growing supply of cosmetic preservatives due to forward integration of major chemical companies is one of the most significant factors projected to drive the growth of the cosmetic preservatives market.

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Lotions, Facemasks, Sunscreens, & Scrubs is the fastest-growing segment in cosmetic preservatives market, in terms of value and volume.

Lotions, Facemasks, Sunscreens, & Scrubs is expected to be the fastest-growing segment in the cosmetic preservatives market during the forecast period. This growth can be attributed to various factors such as rising awareness among people relating to skincare, easily accessible global products, exposure to global trends and the ever-increasing presence of social media.

Phenol derivatives segment is expected to grow with the highest CAGR, both in terms of value and volume during the forecast period.

Phenol derivatives segment is expected to be the fastest-growing application of the global cosmetic preservatives market owing to their increasing usage in production activities in different cosmetic products. As phenol derivatives are a gentle, non-irritating cosmetic preservative that doesn't emit formaldehyde, they are frequently utilized in cosmetic products. These compounds also have numerous advantageous biological properties which include antioxidant, anti-cancer, anti-inflammatory, antidiabetic, anti-obesity, and antibacterial properties.

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Companies operating in the cosmetic preservatives market have strengthened their position by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2018-2022. For instance, in March 2022, Sharon Laboratories, Ltd., a global manufacturer of preservative solutions for the cosmetics and personal care markets signed a definitive agreement to acquire Italy-based specialty ingredients producer RES Pharma Industriale (RPI). RPI's technology, R&D, manufacturing, commercial development, and customer service capabilities will be integrated into Sharon Laboratories' Personal Care business.

Ashland Group Holding Inc. (US), BASF SE (Germany), Akema S.r.l. (Italy), Symrise AG(Germany), Clariant AG (Switzerland), Salicylates and Chemicals Pvt.Ltd (India), Chemipol (Spain), Evonik Industries AG (Germany), International Flavors and Fragrances Inc.(US), Sharon Laboratories (Israel), Brenntag AG (Germany), Thor Group Ltd.(UK), Dadia Chemical Industries (India), Gujarat Organics Limited (India) AND Isca UK Ltd.(UK) are some of the key players in the cosmetic preservatives market.

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Ashland Group Holdings Inc. is one of the major providers of specialty chemical solutions to customers across a wide range of consumer and industrial markets. The company has four commercial business units, namely, life sciences, specialty additives, personal care and households, and intermediates and solvents. Cosmetic preservatives are offered under the specialty chemicals unit. The segment includes oral care, hair care, skin care, home care, pharmaceutical and nutrition specialties, construction, energy, coatings, adhesives, industrial specialties, and performance specialties. The company has operations in more than 100 countries.

Established in 1865, BASF is headquartered in Ludwigshafen, Germany. It operates under seven business segments, namely, chemicals, materials, industrial solutions, surface technology, nutrition and care, agricultural solutions and others. The performance products segment of BASF is further segmented into five divisions, dispersions and pigments; care chemicals; nutrition and health; paper chemicals; and performance chemicals. The care chemicals division manufactures ingredients for skin and hair cleansing and care products, and for detergents and cleaners in households, institutions, or industries such as surfactants, emollients, preservatives, and polymers. It has presence in various countries such as China, India, South Korea, Philippines, Australia, Netherlands, Russia, Spain, UK, Switzerland, France, South Africa, US, Brazil, and Chile, among others.

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