Pigment changes color of reflected light by absorption of certain wavelength of light. They are used to add sparkle, luster, and coverage. Pigments are used in lipsticks, blushers, powders, foundations, and other personal care products. Major factor driving growth of the global cosmetic pigments market is increasing demand for various types of personal care products among consumers. However, stringent government regulation on certain elements in artificial pigments may affect growth of the target market.
The global cosmetic pigments market has been segmented on the basis of composition, product type, application, and region. On the basis of composition, the market is segmented into inorganic pigments and organic pigments. Organic pigment segment expected to holds major share in terms of revenue in the near future, owing increasing demand for organic cosmetics among individuals.
On the basis of product type, the market is segmented into natural colorants, special effect pigments, Nano pigments, and surface treated pigments. On the basis of application, the market is segmented into hair color, lip care, eye makeup, facial makeup, special effect product, and others. Facial makeup segment dominates the global market and expected to witness significant growth over the forecast period, due to increasing use foundations, powders, creams, blushes, etc.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, market in Europe is dominating the global market in terms of revenue, owing to presence of key cosmetic manufacturing companies in this region. Increasing demand of premium quality cosmetics and personal care products among individuals is another factor fueling growth of the target market in Europe and North America region. Market in Asia Pacific is expected to witness high growth in terms of revenue in the near future, followed by Latin America, and middle East and Africa.
Key players operating in the global cosmetic pigments market include Sun Chemical, Sensient Cosmetic Technologies SAS, Merck Performance Materials Ltd., Sudarshan Chemical Ind Ltd., Kobo Products Inc., BASF SE, Clariant International AG, Geotech, Huntsman Corporation, and Lanxess Aktiengesellschaft.