The Inorganic Cosmetics Pigments Market is expected to register a CAGR of 6.8% to reach around USD 7,200 million by the end of 2027. Inorganic pigments are composed of insoluble metallic compounds, which are either derived from natural sources such as china clay and carbon deposits or are synthesized. Based on composition, the pigments are divided into iron oxides, titanium dioxides, zinc oxides, carbon blacks, chromium oxide greens, ultramarines, and others. Moreover, inorganic pigments are not water-soluble and thus have applications mostly in solid makeups such as lipsticks, lip glosses, powders, and eyeliners.
Market Dynamics
The Inorganic Cosmetics Pigments Market is projected to witness healthy growth, registering a CAGR of 6.8% during the forecast period, 2020–2027. The prominent factors driving the growth of the global market is increasing demand for Inorganic Cosmetics Pigments in cosmetics and personal care industry. The growing demand for cosmetics, especially facial and hair care products, is further expected to boost the demand for inorganic cosmetic pigments in the next few years. The market's growth is driven by the increasing growth of the cosmetic & personal care industry in Asia-Pacific and Europe. Furthermore, price volatility of the primary raw material and the stringent regulations over mining activities are expected to restrict the growth of inorganic cosmetic pigments. Furthermore, the projected rise in demand for inorganic cosmetic pigments in the emerging economies, advancement of technologies and note worthy investments in R&D by key players is likely to fuel the growth of the Inorganic Cosmetics Pigments Market in the coming future. Cosmetic pigments, meticulously curated for a flawless, personalized beauty palette.
The outbreak of COVID-19 has resulted in the shutting of factories and businesses, canceled air transport routes, and lockdowns and has negatively impacted the industry. However, with the lift of lockdown measures and trade restrictions, the demand is expected to gain pace and drive market growth.
Key Players
Sudarshan Chemicals Industries Limited (India), Kolortek Co., Ltd (China), Sun Chemical (US), Merck KGaA (Germany), Sensient Cosmetic Technologies (US), Kobo Products Inc. (US), Geotech International B.V. (Netherlands), Lanxess AG (Germany), ECKART (Germany), and The Chemours Company (US)
Global Inorganic Cosmetics Pigments Market, by Type, 2019 (USD Million) 
Sources: MRFR Analysis
The Inorganic Cosmetics Pigments Market has been segmented by Type, Application, and Region.
Based on Type, the Inorganic Cosmetics Pigments Market has been segmented into titanium dioxide, iron oxide, chromium oxide, mica, zinc oxide, ultramarines, and others.The titanium dioxide segment holds the largest market share of over 30% and is expected to register fastest growth with CAGR of around 7.5% between 2020-2027. The growth is mainly attributed to its wide application and high consumption in the facial and nail segment of the growing cosmetics industry.
The Inorganic Cosmetics Pigments Market has a broad range of application. Based on application, the global market has segmented into facial make-up, lip products, eye make-up, nail products, hair color products, and others.The facial make-up segment accounts for the largest share of around30%in the global market and is expected to register a CAGR of over7% from 2020 to 2027. Furthermore, it is expected to be the fastest-growing segment during the forecast period owing to their growing consumption by working women and rising consciousness about physical appearance among millennial women.
Global Inorganic Cosmetics Pigments Market Share, by Region, 2019 (%)
Sources: MRFR Analysis
Regional Analysis
The Inorganic Cosmetics Pigments Market has been divided based on region into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Asia Pacificmarket accounts for the largest share of around 44%in 2019 in the Inorganic Cosmetics Pigments Market owing to the due to high availability of raw materials, cheap labor, rapid industrialization, and commercialization in the region, especially with the growth of the personal care industry, it is expected to increase the consumption of inorganic cosmetic pigments during the review period.China is the leading producer and Consumer of Inorganic Cosmetics Pigments in Asia Pacific. The Asia-Pacific market has registered a fastest growth with CAGR around 7.5% between 2020 to 2027 and is expected to reach a value of over USD 3,300 million by 2027 end.
North America was the second-largest market with a market share of around 25% in 2019 in the Inorganic Cosmetics Pigments Market. The established presence of cosmetic and personal care manufacturers in the region is the prime factor propelling the growth of the Inorganic Cosmetics Pigments Market in North America.The US accounted for a significant share of the Inorganic Cosmetics Pigments Market in North America and is expected to register a CAGR of around 7% during the review period.
Europe accounts for around 20% of the global share and is expected to register a CAGR of over5.5%. The growth in the region is mainly attributed to theestablished presence of major end-use industries and demand for inorganic cosmetic pigments in hair applications.Germany accounted for the largest share in the Europe in 2019 followed by France. Europe market was valued at over USD 900million in 2019 and is expected to register the moderate growth with CAGR of over 5.5% throughout the forecast period. The Inorganic Cosmetics Pigments Market in Latin America and the Middle East and Africa has witnessed notable growth over the forecast period. This growth is attributed to the increasing industrialization of global pigment manufacturers and shifting upward trend in the regions' economy coupled with the rising per capita disposable income of the consumers in the region.
The Inorganic Cosmetics Pigments Market is characterized by the presence of many global, regional, and local vendors. The market comprises tier-1 and tier-2 players with a wide global presence and vast product portfolio along with local players. Major players such as Sudarshan Chemicals, Sun Chemical, Merck KGaA, an the Chemours Company are focused on expansions, acquisitions, and product developments to meet the rising demand for inorganic cosmetic pigments in major applications.The players operating in the global inorganic cosmetics pigments market are adopting various strategies such as mergers & acquisitions, product launches, joint ventures, and expansion to maintain the position and increase the geographic presence. Product launch and expansionwas the most widely employed growth strategy amongst many market players to capture maximum market share. For instance,
Market Segmentation
Global Inorganic Cosmetics Pigments Market, by Type
Global Inorganic Cosmetics Pigments Market, by Application
Global Inorganic Cosmetics Pigments Market, by Region
Available Additional Customizations
Intended Audience
| Report Attribute/Metric | Details |
| Market Size | 2030: USD 7,200 Million |
| CAGR | 6.8% (2020 - 2027) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Sudarshan Chemicals Industries Limited (India), Kolortek Co., Ltd (China), Sun Chemical (US), Merck KGaA (Germany), Sensient Cosmetic Technologies (US), Kobo Products Inc. (US), Geotech International B.V. (Netherlands), Lanxess AG (Germany), ECKART (Germany), and The Chemours Company (US |
| Key Market Opportunities | The market's growth is driven by the increasing growth of the cosmetic & personal care industry.\r\n The projected rise in demand for inorganic cosmetic pigments in the emerging economies, advancement of technologies |
| Key Market Drivers | The growth of the global market is increasing demand for Inorganic Cosmetics Pigments in cosmetics and personal care industry |
Inorganic Cosmetics Pigments Market Highlights:
Frequently Asked Questions (FAQ) :
Inorganic Cosmetics Pigments Market is predicted to grow at 6.8% through forecast period of 2020-2027.
The forecast period for Inorganic Cosmetics Pigments Market research report is 2020-2027.
Global Inorganic Cosmetics Pigments Market is dominated by APAC region.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
