Cosmetic chemicals are basic ingredients used for manufacturing cosmetics. Common chemicals used in cosmetics include moisturizers, preservatives, thickening agents, emollients, pigments, colorants, carrier powders, film formers, and surfactants.
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The cosmetics industry relies on organic and inorganic products to make personal care products. About twenty international companies currently operate at the global level. The key driving factor of the market are the beauty products manufactured according to skin color and ethnic groups. But demand for cosmetics made from natural ingredients can restrict market demand. Male grooming products can open up new avenues for the market.
The China cosmetic industry is the third-largest globally. With the CFDA (China Food & Drug Administration) enforcing new guidelines, global players can look forward to incentives which can benefit their business. Local as well as international businesses will have to comply with new guidelines which allow the CFDA to supervise on local manufacturing.
Cosmetics such as toothpaste, whitening products, sunscreen, hair perming product, and hair dye products are defined as special cosmetics by the CFDA. These products need to be tested by the CFDA before being imported or launched into the market. A single standard set of rules for manufacturing cosmetics can be beneficial for the China cosmetic chemicals market.
Products of the market include oleochemicals, surfactants, aroma chemicals, fats, oils, waxes, and botanical extracts. Surfactants gained a major share of the market owing to their use in makeup and skin care products. These chemicals contain minerals and vitamins known to restrict microbial growth as well as enhance human features.
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Applications of the market are color cosmetics, oral care, makeup, toiletries, hair care products, and skin care products. Skin care products were the largest application, accounting for 31% shares in 2013. Makeup and hair care products are touted to be gain major growth over the next few years.
Prominent manufacturers of the China cosmetic chemicals market are Kao Commercial Co. Ltd., Dow Chemical Company, BASF SE, Merck KGaA, and Bayer AG.
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