COSMETIC CHEMICALS MARKET ANALYSIS

Market Challenges And Opportunities

However, stringent regulations against use of toxic chemicals are expected to hinder growth of the global cosmetic chemicals market. Cosmetics Regulation (EC 1223/2009), Federal Food, Drug, and Cosmetic Act (FD&C Act) and the Fair Packaging and Labeling Act (FPLA) are some of the regulations. The EU and U.S. FDA have banned 1,328 and 11 toxic chemicals, respectively that were used in the formulation of cosmetics and were suspected of causing cancer, genetic mutation, reproductive harm or birth defects. These regulations are expected to hamper growth of the global cosmetic chemicals market during the forecast period.