California City, California Jun 11, 2019 (Issuewire.com) - A new market assessment report on Cosmetic Pigments market brings to light detailed statistics on the dramatic shift in the competitive landscape and business environment of the Cosmetic Pigments market for the forecast period 2019 - 2030. The comprehensive study offers an overview of the current state of development of the business as well as predicts the course of progress across different regions. A large number of factors including the major driving forces, threats and opportunities are taken into account to present an analytical picture of the industry portrayed in the report.
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Market Industry Reports (MIR) has published a new report titled “Cosmetic Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global titanium dioxide market was valued at over US$ 14.0 Bn in 2018 and is anticipated to grow at a healthy CAGR during the forecast period of 2019-2030.
Stringent Government Guidelines
Cosmetic pigments manufacturers have to follow stringent government guidelines while manufacturing pigments. This is acting as the major factor hampering market growth. Moreover, maintaining the quality of the product is another challenge faced by the manufacturers which impact negatively towards the market growth.
Rising demand from the Cosmetic Industry
The cosmetic pigments market is driven by the growing cosmetic industry. The cosmetic industry is projected to reach over US$ 25 billion by 2030. Cosmetic pigments are used in the cosmetic industry to impart colours, enhance the strength and uniqueness in shades of colour. The cosmetic industry is driven by rising in purchasing power of the consumer, growing interest to enhance the overall appearance and changing fashion trends. As the market for cosmetics products is witnessing growth, it will, in turn, support the demand for cosmetic pigments.
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Asia Pacific Region Offers Huge Market Potential
Asia Pacific region is anticipated to witness fastest growth over the next few years. Rise in purchasing power of the consumer, adoption of western culture, improving lifestyle, and rising awareness regarding self-grooming are the factors driving the market growth. Moreover, Asia Pacific market is also witnessing growth owing to low labor cost and easy availability of raw materials. Furthermore, ongoing R&D initiatives and technological advancement are the factors bolstering the market growth. India, China, South Korea, and Malaysia are the main economies driving the market growth in Asia Pacific region.
Major Players in the Cosmetic Pigments market
- Kobo Products Inc.
- BASF
- Huntsman Corporation
- Clariant
- LANXESS
- Sensient Cosmetic Technologies
- Merck Performance Materials
The study segments the complete Cosmetic Pigments market on the basis of different application, end-use, end-user, and production capability. From a business standpoint, the industry has been thoroughly examined across various countries located in North America, Europe, Asia-Pacific, and others. The size of the industry for the forecast period 2019 - 2030 is evaluated on the basis of current sales figures and past financial report can be used to forecast the future sales.
The research provides answers to the following key questions:
- Who are the key vendors in this Cosmetic Pigments market?
- What is the expected market size, share and development rate of the Cosmetic Pigments industry by 2030?
- What are the current and emerging trends shaping the development of What are the key factors driving the Global Market?
- What are some of the competing products in this Cosmetic Pigments market and how big of a threat do they pose for loss of market share by product substitution?
- What are the prominent market drivers responsible for shaping the progress of the Cosmetic Pigments market worldwide?
- What will be the Cosmetic Pigments Market size in 2030 and what will be the growth rate?
- What are the challenges to Cosmetic Pigments market growth?
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