NEW YORK Demand for cosmetic and toiletry chemicals in the United States is forecasted to approach $8.8 billion in 2012, according to a new study by market research firm The Freedonia Group.
According to the Cosmetic & Toiletry Chemicals report, the cosmetic and toiletry chemicals market will rise 5.8 percent per year to $8.8 billion in 2012, aided by several factors including favorable demographics and the popularity of organic and natural products.
Growth in demand for active ingredients, such as enzymes, amino acids and peptides, will be propelled by continued gains in cosmeceutical skin care products and additives such as nanoscale ingredients.
Meanwhile, traditional cosmetic and toiletry chemicals, such as petroleum oils and commodity surfactants, will experience limited gains, according to Freedonia Group. This is largely because of the increased popularity of water-based formulations in skin and hair products, the increased use of natural ingredients, and a trend away from chemicals that have the perception of being harsh.