The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.
The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.
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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.
Cosmetic Preservative Blends Market: Introduction-
Cosmetic Preservative Blends are the mixtures or blends of more than one preservative compound in order to inhibit the growth of microorganism on cosmetic products. Presence of water and nutrients in Cosmetic products can easily support the proliferation of microorganisms. Apart from this reason, the microorganism is also the cause of change in viscosity and color in cosmetic products. Therefore, the requirement to check and control microbial activity plays a vital role which results in increasing the shelf lives as well as the quality of the products. Beside having anti microbial properties cosmetic preservative blends are also used in product formulation as multifunctional ingredients such as antioxidant, emollient, fragrance, humectant, moisturizers, viscosity regulator etc. Cosmetic preservative blends have a wide variety of application in personal care industries
Cosmetic Preservative Blends Market: Dynamics-
Steady economic growth that most of the countries are witnessing results in increased the ability to spend more on specialty products (specialty Cosmetic and personal care products). Furthermore, increased consumption of cosmetic and beauty care products has surged the demand of cosmetic preservative blends from personal care industries. Cosmetic preservative blends prevent cosmetic products from microbial growth by increasing its shelf life and it also provides ease in the formulation of the products which results in great demand from cosmetic industries. Cosmetic preservative blends also offer broad spectrum with a significantly lower level of its use in final products which result in seeking its attention by various personal care industries. Consequently, this increased demand for cosmetic preservative blends from Cosmetic and other personal care industries results in acting as a major factor in driving the market of preservative blends. However, well-known growth of cosmetic preservative blend is also prominent in the men’s care product line which is leading to rising the demand of cosmetic preservative blend in numerous ingredients used in the preparation of men grooming products due to changing lifestyle and trends among the youth. The cosmetic preservative blend is widely famous in such applications, and is expected to remain driven throughout the coming year
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The future growth opportunities for cosmetic preservative blends is expected to receive from the surging demand for product penetration in natural base cosmetic preservative blends which are paraben free and other harmful chemical such as formaldehyde due to increasing awareness among consumer about their health consciousness which may hamper the market growth where end users may prefer cheaper substitutes to fulfill their requirements. Whereas strict government regulation on paraben and other synthetic base blends also act as a restraining factor in the growth of cosmetic preservative blend market. Inexpensive and stable formulation cost obtain maximum profitability which has been the key strategy pursued by the manufacturers.
Cosmetic Preservative Blends Market: Segments-
The Market of Cosmetic preservative Blends can be segmented into two factors on the basis of its material type and its application
Cosmetic Preservative Blends Market can be segmented on the basis of its material type
- Organic Acids
- Formaldehyde Donors
- Salts of Organic Acids
Cosmetic Preservative Blends Market can be segmented on the basis of its application
- Cosmetics & Personal Care
- Body Care
- Hair Care
- Oral Care
Cosmetic Preservative Blends Market: Regional Overview –
Globally the market of cosmetic preservative blends market stretches across Asia pacific, Europe, North America, Latin America and the Middle East. In which the Asia Pacific hold the maximum share of cosmetic preservative blends because of increasing inclination of consumer towards personal care and beauty products. In the coming year it can be expected that Asia pacific cosmetic preservative blend market is likely to retain its dominance in the market. While North America and Europe are estimated to show a stable rise in their respective cosmetic preservative blends market. However region such as Latin America and the Middle East are likely to show exponential growth in the forthcoming period as they are likely to prove as a profitable market of the cosmetic preservative blend for producers. Due to the presence of well stablished manufacturer in the Middle East , South Africa and other GCC countries can be expected to be the key contributor in the market of cosmetic preservative blends
Cosmetic Preservative Blends Market: Key Market Participants
Some of the key market participants in the market of Preservative Blends are as follows:-
- ISCA UK Ltd
- BASF SE
- Sharon Laboratories
- Salicylates & Chemicals Pvt. Ltd
- Thor Personal Care
- Sharon Laboratories
- CISME Italy SRL
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