A new market assessment report on Cosmetic Pigments market brings to light a detailed statistics on the dramatic shift in the competitive landscape and business environment of the Cosmetic Pigments market for the forecast period 2019 – 2030. The comprehensive study offers an overview of the current state of development of the business as well as predicts the course of progress across different regions. A large number of factors including the major driving forces, threats and opportunities are taken into account to present an analytical picture of the industry portrayed in the report.
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Market Industry Reports (MIR) has published a new report titled “Cosmetic Pigments Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global titanium dioxide market was valued at over US$ 14.0 Bn in 2018 and is anticipated to grow at a healthy CAGR during the forecast period of 2019-2030.
Stringent Government Guidelines
Cosmetic pigments manufacturers have to follow stringent government guidelines while manufacturing pigments. This is acting as the major factor hampering the market growth. Moreover, maintaining the quality of the product is another challenge face by the manufacturers which impacts negatively towards the market growth.
Rising demand from Cosmetic Industry
The cosmetic pigments market is driven by growing cosmetic industry. The cosmetic industry is projected to reach over US$ 25 billion by 2030. Cosmetic pigments are used in cosmetic industry to impart colors, enhance the strength and uniqueness in shades of color. The cosmetic industry is driven by rise in purchasing power of the consumer, growing interest to enhance the overall appearance and changing fashion trends. As the market for cosmetics products is witnessing growth, it will in turn support the demand for cosmetic pigments.
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Asia Pacific Region Offers Huge Market Potential
Asia Pacific region is anticipated to witness fastest growth over the next few years. Rise in purchasing power of the consumer, adoption of western culture, improving lifestyle, and rising awareness regarding self-grooming are the factors driving the market growth. Moreover, Asia Pacific market is also witnessing growth owing to low labor cost and easy availability of raw materials. Furthermore, ongoing R&D initiatives and technological advancement are the factors bolstering the market growth. India, China, South Korea, and Malaysia are the main economies driving the market growth in Asia Pacific region.
Major Players in the Cosmetic Pigments market
The study segments the complete Cosmetic Pigments market on the basis of different application, end-use, end-user, and production capability. From a business standpoint, the industry has been thoroughly examined across various countries located in North America, Europe, Asia-Pacific, and others. The size of the industry for the forecast period 2019 – 2030 is evaluated on the basis of current sales figures and past financial report can be used to forecast the future sales.
The research provides answers to the following key questions:
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