Product Code: BMIRE00031952
The Asia Pacific cosmetic polymer ingredients market was valued at approximately USD 3.1 billion in 2023 and is projected to grow to around USD 4.6 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5.1% during the forecast period.
Strategic Developments by Key Players
Major players in the cosmetic polymer ingredients sector are actively engaging in strategic initiatives, including product innovation, research and development, mergers and acquisitions, and business expansions. These efforts aim to broaden their customer base and strengthen their market presence. For instance, in June 2023, Solvay SA introduced Naternal, a line of bio-based biodegradable polymers designed for environmentally friendly hair and skin care products. Additionally, in October 2023, BASF SE announced plans to invest in a new facility in Dusseldorf for the production of cosmetic ingredients, specifically emollients for skin care and sun protection products, with operations expected to start by 2025. Emollients are essential cosmetic polymers that help retain skin moisture and enhance product texture. In March 2024, SNF expanded its portfolio with NATURSOL EMI Lite, a new rheology modifier that features a naturality index of 78%, combining a lightweight texture with stabilizing properties, catering to the growing demand for sustainable beauty solutions. Furthermore, in April 2024, Clariant AG acquired Lucas Meyer Cosmetics, a premium ingredient supplier in the cosmetics sector, for an enterprise value of USD 810 million. Such strategic moves by leading companies are anticipated to create significant opportunities in the cosmetic polymer ingredients market throughout the forecast period.
Market Overview
The demand for hair care products, including growth serums, creams, shampoos, and conditioners, is surging in several Asia Pacific countries due to increasing awareness of the benefits of a proper hair care routine. This rising interest in hair care is a key driver for the cosmetic polymer ingredients market in the region. Additionally, advancements in artificial intelligence (AI) and Internet of Things (IoT) technologies that provide personalized skin care solutions are expected to elevate the standards of the beauty and personal care industry in Asia Pacific, further benefiting the cosmetic polymer ingredients market.
Market Segmentation Analysis
The Asia Pacific cosmetic polymer ingredients market is segmented based on type, category, function, application, and country:
- By Type: The market includes various types of cosmetic polymers such as polyethylene glycol, acrylic acid-based, vinyl acetate, silicone, cellulose, collagen, pectin, xanthan gum, chitosan, and others. In 2023, the silicone segment dominated the market share.
- By Category: The market is divided into natural, synthetic, and semi-synthetic categories, with the synthetic segment holding the largest market share in 2023.
- By Function: The functions of cosmetic polymer ingredients include rheology modifiers, stabilizers, emulsifiers, film formers, conditioning agents, and others. The rheology modifier segment was the largest in terms of market share in 2023.
- By Application: The applications of these ingredients encompass skincare, hair care, makeup, and others, with skincare being the leading segment in 2023.
- By Country: The market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific, with China holding the largest market share in 2023.
Company Profiles
Key companies operating in the Asia Pacific cosmetic polymer ingredients market include 3V Sigma S.p.A., Arkema SA, Ashland Inc., BASF SE, Cargill, Incorporated, Clariant AG, Derypol, Evonik Industries AG, Nouryon Chemicals Holding BV, Sensient Technologies Corp, SNF, Solvay SA, SOPHIM IBERIA S.L, The Dow Chemical Co, and The Lubrizol Corporation. These companies are at the forefront of innovation and development in the cosmetic polymer ingredients market.
Table Of Contents
1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
4. Asia Pacific Cosmetic Polymer Ingredients Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 Raw Material Suppliers
- 4.2.2 Cosmetic Polymer Ingredient Manufacturers
- 4.2.3 Distributors/Suppliers
- 4.2.4 End-Use Industry
- 4.2.5 List of Vendors in the Value Chain
- 4.3 Porters Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Intensity of Competitive Rivalry
- 4.3.5 Threat of Substitutes
5. Asia Pacific Cosmetic Polymer Ingredients Market - Key Market Dynamics
- 5.1 Asia Pacific Cosmetic Polymer Ingredients Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Increasing Demand for Personal Care Products and Cosmetics
- 5.2.2 Rising Sales of Beauty Products through E-Commerce
- 5.3 Market Restraints
- 5.3.1 Adverse Effects of Synthetic Cosmetic Polymer Ingredients
- 5.4 Market Opportunities
- 5.4.1 Strategic Initiatives by Key Market Players
- 5.5 Future Trends
- 5.5.1 Consumer Preference for Natural Products
- 5.6 Impact Analysis
6. Asia Pacific Cosmetic Polymer Ingredients Market Analysis
- 6.1 Asia Pacific Cosmetic Polymer Ingredients Market Volume (Kilo Tons), 2021-2031
- 6.2 Asia Pacific Cosmetic Polymer Ingredients Market Volume Forecast and Analysis (Kilo Tons)
- 6.3 Asia Pacific Cosmetic Polymer Ingredients Market Revenue (US$ Million), 2023-2031
- 6.4 Asia Pacific Cosmetic Polymer Ingredients Market Forecast and Analysis
7. Asia Pacific Cosmetic Polymer Ingredients Market Volume and Revenue Analysis - by Type
- 7.1 Polyethylene Glycol
- 7.1.1 Overview
- 7.1.2 Polyethylene Glycol: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Polyethylene Glycol: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 Acrylic Acid-Based
- 7.2.1 Overview
- 7.2.2 Acrylic Acid-Based: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Acrylic Acid-Based: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.3 Vinyl Acetate
- 7.3.1 Overview
- 7.3.2 Vinyl Acetate: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.3.3 Vinyl Acetate: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.4 Silicone
- 7.4.1 Overview
- 7.4.2 Silicone: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.4.3 Silicone: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.5 Cellulose
- 7.5.1 Overview
- 7.5.2 Cellulose: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.5.3 Cellulose: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.6 Collagen
- 7.6.1 Overview
- 7.6.2 Collagen: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.6.3 Collagen: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.7 Pectin
- 7.7.1 Overview
- 7.7.2 Pectin: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.7.3 Pectin: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.8 Xanthan Gum
- 7.8.1 Overview
- 7.8.2 Xanthan Gum: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.8.3 Xanthan Gum: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.9 Chitosan
- 7.9.1 Overview
- 7.9.2 Chitosan: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.9.3 Chitosan: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.10 Others
- 7.10.1 Overview
- 7.10.2 Others: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.10.3 Others: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
8. Asia Pacific Cosmetic Polymer Ingredients Market Revenue Analysis - by Category
- 8.1 Natural
- 8.1.1 Overview
- 8.1.2 Natural: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo
- 8.1.3 Natural: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 Synthetic
- 8.2.1 Overview
- 8.2.2 Synthetic: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3 Semi-Synthetic
- 8.3.1 Overview
- 8.3.2 Semi-Synthetic: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
9. Asia Pacific Cosmetic Polymer Ingredients Market Revenue Analysis - by Function
- 9.1 Rheology Modifier
- 9.1.1 Overview
- 9.1.2 Rheology Modifier: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.2 Stabilizers
- 9.2.1 Overview
- 9.2.2 Stabilizers: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.3 Emulsifiers
- 9.3.1 Overview
- 9.3.2 Emulsifiers: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.4 Film Formers
- 9.4.1 Overview
- 9.4.2 Film Formers: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031
- 9.4.3 Film Formers: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.5 Conditioning
- 9.5.1 Overview
- 9.5.2 Conditioning: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Asia Pacific Cosmetic Polymer Ingredients Market - Volume and Forecast, 2021-2031 (Kilo
- 9.6.3 Others: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
10. Asia Pacific Cosmetic Polymer Ingredients Market Revenue Analysis - by Application
- 10.1 Skincare
- 10.1.1 Overview
- 10.1.2 Skincare: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.2 Hair Care
- 10.2.1 Overview
- 10.2.2 Hair Care: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.3 Makeup
- 10.3.1 Overview
- 10.3.2 Makeup: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.4 Others
- 10.4.1 Overview
- 10.4.2 Others: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
11. Asia Pacific Cosmetic Polymer Ingredients Market - Country Analysis
- 11.1 Asia Pacific
- 11.1.1 Asia Pacific Cosmetic Polymer Ingredients Market Revenue and Forecast and Analysis - by Country
- 11.1.1.1 Asia Pacific Cosmetic Polymer Ingredients Market Volume and Forecast and Analysis - by Country
- 11.1.1.2 Asia Pacific Cosmetic Polymer Ingredients Market Revenue and Forecast and Analysis - by Country
- 11.1.1.3 Australia: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.3.1 Australia: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Type
- 11.1.1.3.2 Australia: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Category
- 11.1.1.3.3 Australia: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Function
- 11.1.1.3.4 Australia: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Application
- 11.1.1.4 China: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.4.1 China: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Type
- 11.1.1.4.2 China: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Category
- 11.1.1.4.3 China: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Function
- 11.1.1.4.4 China: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Application
- 11.1.1.5 India: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.5.1 India: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Type
- 11.1.1.5.2 India: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Category
- 11.1.1.5.3 India: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Function
- 11.1.1.5.4 India: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Application
- 11.1.1.6 Japan: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.6.1 Japan: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Type
- 11.1.1.6.2 Japan: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Category
- 11.1.1.6.3 Japan: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Function
- 11.1.1.6.4 Japan: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Application
- 11.1.1.7 South Korea: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.7.1 South Korea: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Type
- 11.1.1.7.2 South Korea: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Category
- 11.1.1.7.3 South Korea: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Function
- 11.1.1.7.4 South Korea: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Application
- 11.1.1.8 Rest of APAC: Asia Pacific Cosmetic Polymer Ingredients Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.8.1 Rest of APAC: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Type
- 11.1.1.8.2 Rest of APAC: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Category
- 11.1.1.8.3 Rest of APAC: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Function
- 11.1.1.8.4 Rest of APAC: Asia Pacific Cosmetic Polymer Ingredients Market Share - by Application
12. Competitive Landscape
- 12.1 Heat Map Analysis by Key Players
- 12.2 Company Positioning & Concentration
13. Industry Landscape
- 13.1 Overview
- 13.2 Mergers & Acquisitions
- 13.3 Expansions
- 13.4 Collaborations
- 13.5 New Product Launch
- 13.6 Other Developments
14. Company Profiles
- 14.1 SNF
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Cargill, Incorporated
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 The Dow Chemical Co
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 BASF SE
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Evonik Industries AG
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 Clariant AG
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 Ashland Inc
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 Solvay SA
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 Arkema SA
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
- 14.10 Nouryon Chemicals Holding BV
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
- 14.11 Sensient Technologies Corp
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
- 14.12 The Lubrizol Corporation
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
- 14.13 SOPHIM IBERIA S.L.
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
- 14.14 Derypol
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
- 14.15 3V Sigma S.p.A.
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments
15. Appendix