Cosmetic Surfactants MarketSize and Trends

Market Dynamics:-

Rising awareness about beautification and increasing urbanized population are major factors driving growth of the cosmetics surfactants market. Cosmetic ingredients such as surfactants are useful for skin cleansers, due to its exceptional foaming ability. The demand for cosmetic products is increasing due to changing lifestyles and increasing disposal income. Compared to other segments, skincare segment is the major driver for growth of the global cosmetic surfactants market. Significant increase in use of skincare products is expected to boost the cosmetic surfactants market growth over the forecast period, globally. According to Korea Cosmetic Association (KCA), skincare cosmetics market, one of the largest import category in Korea, was expected to reach US$ 4,944 million in 2017, from US$ 4,192 million in 2016.

Market Outlook:-

Asia Pacific is expected to be the fastest growing region in the cosmetic surfactants market during the forecast period. This is due to rapid globalization & urbanization, and rising disposable income of the populace in this region. According to Ministry of Economy and Industry, Indian beauty and personal care industry is expected to reach US$ 10.5 billion in 2021, up by 40% from US$ 7.5 billion in 2016. Therefore, significant growth in personal care industry is expected to boost growth of the cosmetic surfactants market in the region during the forecast period.