Cosmetic Colorants Market: Introduction
- Cosmetic colorants are used to produce a variety of colorful range of cosmetics such as lipsticks, facial makeup, eye colors, and hair color products. Cosmetic dyes and cosmetic pigments are used in the production of cosmetic colorants.
- Organic and inorganic pigments/dyes are quite popular among cosmetic manufacturers across the globe. Organic pigments/dyes are derived from plants and are composed of carbon and other molecules. Inorganic pigments/dyes are made up of oxide, oxide hydroxide, sulfide, silicate, sulfate, or carbonate. Pigments used in the production of colorants are insoluble in water and most of the solvents, while dyes are soluble in many liquids.
- Several key manufacturers are engaged in the production of cosmetic colorants. These include BASF SE, Koel Colours Private Limited, Dystar, Spectrum Chemical Mfg. Corp, and Clariant.
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Key Drivers of Cosmetic Colorants Market
- Low cost of labor in Asia vis-à-vis that in western countries is encouraging cosmetic manufacturers to procure high quality cosmetic colorants from companies in Asia at a lower price compared to that in other regions. Constant rise in GDP of developing countries such as India is also one of the key drivers that are positively impacting the sales of cosmetic colorants. Increase in purchasing power and disposable income of individuals in Asia is encouraging consumers to buy premium luxury goods such as cosmetics. This is boosting the demand of cosmetic colorants in the region.
- Use of herbal ingredients in cosmetics minimizes the chances of any side-effects. People are increasingly opting for herbal or chemical-free cosmetic products. Consumption of chemical-free ingredients in the production of cosmetics products has increased of late. This is propelling the demand for organic colorants.
- Demand of color cosmetic products (foundation and mascara), skincare products, and hair care products such as shampoos, conditioners, and hair colors has been increasing across the globe. This is augmenting the demand for cosmetic colorants.
Key Restraints of Cosmetic Colorants Market
- Artificial colorants are made from petroleum by-products or coal tar. These colorants are added to cosmetics such as blushes, eye shadows, and other makeup products to enhance brightness and beauty. However, inorganic pigment/dyes, which are synthesized from chemicals, are frequently found in colorants that can be linked to skin allergies, chromosomal damage, and asthma. Certain colorants such as Yellow #6, Red #40, and Green # 3 are banned in some countries such as Norway and Sweden. Thus, side-effects of inorganic colorants on the human body and restrictions imposed by Norway and Sweden on certain cosmetic colorants can negatively affect the cosmetic colorants market.
Cosmetic Colorants Market: Application Segment
- Based on application, cosmetic colors are primarily used in lip products. Lip products such as lipsticks and lip balms are used to protect lips from cracking in dry air. Various types of colors are used in lip products; red is the commonly used color. Lipsticks can be colored with soluble dyes/insoluble pigments. Prior to 1920, natural dyes were used as colorants in lip products. Later, manufacturers started using bromo acid to produce various colors such as red, blue-red, orange-red, or red-red.
- Facial products such as facial foundation and mascara contain cyclopentasiloxane, water, titanium dioxide, iron oxide, sodium chloride, benzyl alcohol, phenoxyethanol, and various other chemicals. Titanium dioxide is used to enhance the brightness of cosmetic products. Mica is primarily used in powder-based cosmetics. Iron oxide is used to achieve red, yellow, and black colors.
- Companies engaged in the production of facial and body products such as sunscreen lotions, face wash, and moisturizers offer organic and inorganic products. Rise in demand for these products is expected to propel the demand for cosmetic colorants in the near future.
- Titanium dioxide, chromium oxide greens, manganese violet, bismuth oxychloride, chromium hydroxide green, ferric ferrocyanide, and carmine are some of the key ingredients of colorants used in eyeliners. Carmine is a red colorant derived from crushed insect bodies. It is mostly used in eye makeup products. Rise in demand for eyeliners in pencil and liquid forms is propelling the demand for inorganic colorants.
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Key Manufacturers in Market
Key manufacturers operating in the global cosmetic colorants market include:
- BASF SE
- Lanxess AG
- IFC Solutions
- Pylam Products Company, Inc.
- Sensient Cosmetic Technologies
- Phoenix Colours
- Spectrum Chemical Mfg. Corp
- Matrix Pharma Chem
- Escentual Soaps
- Chromatech Incorporated
- Koel Colours Private Limited
- Neelikon Dyestuffs
- Aakash Chemicals and Dyestuffs
Global Cosmetic Colorants Market: Research Scope
Global Cosmetic Colorants Market, by Type
Global Cosmetic Colorants Market, by Application
- Facial Make-up
- Lip Products
- Eye Make-up
- Nail Products
- Hair Color Products
Global Cosmetic Colorants Market, by Source
- Inorganic Colorants
- Organic Colorants
Global Cosmetic Colorants Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.