The Global Personal Care Chemicals Market size is estimated at USD 15.03 billion in 2023, and is expected to reach USD 19.29 billion by 2028, growing at a CAGR of 5.11% during the forecast period (2023-2028).
Due to the COVID-19 outbreak, there were nationwide lockdowns around the globe, disruptions in manufacturing activities and supply chains, production halts, and labor unavailability that negatively impacted the dyes and pigments market. However, conditions began to improve in 2021, likely restoring the market's growth trajectory during the forecast period. Cosmetics and personal care products are designed to cleanse, protect, and change the appearance of the external parts of an individual. There are more than thousands of different cosmetic products on the market currently, all with different combinations of ingredients to provide the desired effect required by the individual using the product.
The personal care chemical market is fragmented. Some major players in the market (in no particular order) include Dow, BASF SE, Evonik Industries AG, Nouryon, and Kao Corporation, among others.
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