The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Cosmetic Pigments Market.
It was estimated prior to this unanticipated outbreak that the Cosmetic Pigments Market was expected to grow at a CAGR of 6.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Cosmetic Pigments Market, request a free sample of the report here:
Pigments are materials that change colors of reflected and transmitted light as the result of wavelength selective absorption. Pigments have wide applications in cosmetic products and are called cosmetic pigments. Pigments are environment sensitive as they start fading in prolonged exposure to light. These are both natural and synthetic.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the application type, the cosmetic pigments market is segmented as facial makeup, eye makeup, lip products, nail products, hair color products, special effect & special purpose products, and others. The facial makeup segment is expected to register the largest market share, during the forecast period, driven by the wide application of pigments in foundations.
Based on the composition type, the market is segmented as organic and inorganic pigments. The inorganic pigments’ segment is expected to occupy the larger share of the market as it contains metal oxides which provide opacity and lighten other colors and are extensively used in all cosmetic pigments.
In terms of regions, Europe is estimated to be the largest cosmetic pigments market during the forecast period. European cosmetic companies use advanced technologies such as surface treatment to produce high quality cosmetic products which require large amount of pigments, which in turn, is driving the region’s market.
Some of the major cosmetic pigment manufacturers are-