Cosmetic chemicals to reach $18.9 bil.
This article was originally published in The Rose Sheet
Executive Summary
"Positive signs" during recession are basis for Global Industry Analysts' optimistic outlook for the cosmetic chemicals market, which it expects to exceed $18.9 bil. by 2015. According to the firm's report, "Cosmetic Chemicals: A Global Strategic Business Report," demand for products offering sun protection and anti-aging benefits, "novel solutions in hair protection" and products featuring natural ingredients will drive growth. Chemicals in the emollients and moisturizers segment will demonstrate fastest sales growth from 2007 to 2015, GIA predicts. While Europe is currently the largest cosmetic chemicals market, GIA expects the Asia-Pacific region to gain market share going forward, the San Jose, Calif-based company notes in its June 3 release