Global Cosmetic Dyes Market to Grow from $280 Million in 2018 to $366 Million by 2023 - Synthetic Dyes Projected to Register the Highest CAGR - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 4, 2019--The “Cosmetic Dyes Market by Type (Natural and Synthetic Dyes), Application (Facial makeup, Eye makeup, Hair color, Lip products, Nail products, Toiletries), and Region (Europe, North America, APAC, South America, and MEA) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The market size of cosmetic dyes is estimated at USD 280 million in 2018 and is projected to reach USD 366 million by 2023, at a CAGR of 5.5%, from 2018 to 2023.
The growth of this market is attributed to the high growth of applications consuming cosmetic dyes. The increasing use of cosmetic dyes in hair care products and toiletries applications drives the cosmetic dyes market.
However, stringent regulatory policies are restraining the growth of the market. Also, volatility in raw material prices of cosmetic dyes, especially in medical devices, is the major challenge, which in turn has affected the growth of the market.
The synthetic dyes type segment is projected to register the higher CAGR during the forecast period
Synthetic dyes are expected to be the fastest-growing type of cosmetic dyes owing to increasing demand for synthetic dyes from several applications. Synthetic cosmetic dyes are classified as acid dyes, direct dyes, basic dyes, disperse dyes, and vat dyes.
Acid dyes are anionic water-soluble dyes having better lightfastness in comparison to basic dyes. Basic dyes are water-soluble cationic dyes that react with materials having a negative charge. Direct dyes are water soluble due to the presence of sulfonic acid groups and hence are anionic by nature. Disperse dyes are insoluble in water and non-ionic by nature. The vat dyes are insoluble complex polycyclic molecules with a quinone structure.
Synthetic dyes are the fastest growing type for cosmetic dyes as the cost of manufacturing these dyes is less in comparison to natural dyes.
Hair color products to be the largest application of cosmetic dyes in terms of volume and value
Hair color products were the largest application of cosmetic dyes and are projected to be the same during the forecast period. The major reason for people choosing hair coloring is for the covering of grey hair and because colored hair is regarded as more fashionable. The market in the hair color products application segment is projected to register a higher CAGR during the forecast period. The hair coloring industry is growing as people are willing to experiment with their hair color.
APAC projected to be the fastest cosmetic dyes market, in terms of volume, during the forecast period
APAC is projected to register rapid growth in the cosmetic dyes market due to the increasing demand from applications, namely, facial makeup, lip products, hair color products, toiletries, and others. It is also the fastest-growing cosmetic dyes market in terms of both production and demand. Higher domestic demand along with the easy availability of raw materials and low-cost labor make APAC the most preferred destination for producers of cosmetic dyes.
Cosmetic dye manufacturers focus on this region to gain a significant market share and increase profitability. These factors are attracting companies to adopt expansions and R&D in this region. China and India are among the fastest-growing economies, globally. The presence of developing manufacturing sectors in these economies is projected to boost the cosmetic dyes market in the region.
The report profiles several leading players of the cosmetic dyes market that include Sensient Cosmetic Technologies (France), Clariant (Switzerland), DyStar (Singapore), Neelikon (India), Chromatech (India), Pylam (US), Organic Dyes and Pigments (US), Koel Colours (India), Aakash Chemicals and Dyestuffs (US), and Goldmann Group (Germany). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their positions in the cosmetic dyes market.
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.5 Unit Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Cosmetic Dyes Market
4.2 Cosmetic Dyes Market, By Application
4.3 Cosmetic Dyes Market, Major Countries
4.4 Cosmetic Dyes Market in Europe, By Application and Country
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Increasing Demand for Cosmetic Dyes in the Cosmetics & Personal Care Applications
184.108.40.206 Increasing Income and Improving Lifestyles
220.127.116.11 Stringent Regulatory Policies
18.104.22.168 Focus on Environmentally-Friendly Dyes
22.214.171.124 Volatility in Raw Material Prices
5.3 Porter’s Five Forces Analysis
6 Cosmetic Dyes Market, By Type
6.2 Natural Dyes
6.3 Synthetic Dyes
7 Cosmetic Dyes Market, By Application
7.2 Facial Makeup
7.3 Lip Products
7.4 Eye Makeup
7.5 Nail Products
7.6 Hair Color Products
8 Cosmetic Dyes Market, By Region
8.2 North America
8.5 South America
8.6 Middle East & Africa
9 Competitive Landscape
9.2 Competitive Leadership Mapping, 2018
9.3 Ranking of Key Players
9.4 Competitive Scenario
10 Company Profiles
10.1 Sensient Cosmetic Technologies
10.4 Aakash Chemicals & Dyestuffs
10.7 Goldmann Group
10.8 Koel Colours
10.9 Organic Dyes & Pigments
10.11 Other Companies
10.11.1 Arlex Chemi
10.11.2 Red Sun Dye Chem
10.11.3 Alliance Organics
10.11.4 Krishna Industries
10.11.5 Kolorjet Chemicals
10.11.6 Spectra Colors Corporation
10.11.7 Matrix Pharma Chem
10.11.8 Dynemic Products
10.11.9 Vanshi Chemicals
10.11.10 Shivam Exim
10.11.11 Jupiter Dyes
10.11.12 Prashant Group
10.11.13 Sugai Chemical
10.11.14 Hodogaya Chemical
10.11.15 K.G. International
For more information about this report visit https://www.researchandmarkets.com/research/5fv6p5/global_cosmetic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005435/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Cosmetics,Dyes and Pigments
KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: RETAIL COSMETICS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 03/04/2019 05:39 AM/DISC: 03/04/2019 05:39 AM