Chemicals and Materials Cosmetic Antioxidants Market New | Page 2

Based on source, the natural segment is projected to lead the Cosmetic Antioxidants
Market during the forecast period.
The natural segment led the cosmetic antioxidants in 2017. Natural antioxidants are widely
used owing to the growing demand for organic and herbal cosmetic products. Synthetic
antioxidants such as Butylated Hydroxytoluene (BHT) and Butylated Hydroxyanisole
(BHA) are used in limited volume, as they are chemically derived ingredients. In western
regions, cosmetic ingredients derived from chemical processes are strictly regulated and
require COSMOS and ECOCERT certification for application in cosmetics
The skincare application segment is expected to lead the Cosmetic Antioxidants
Market between 2018 and 2023.
Based on application, the skin care segment led the Cosmetic Antioxidants Market in 2017.
The growing demand for cosmetic products such as anti-aging creams, anti-wrinkle
creams, and UV protection, particularly in emerging countries, has fueled the skin care
segment.
The Asia Pacific region is projected to be the largest market for cosmetic
antioxidants between 2018 and 2023.
The Asia Pacific region is the largest consumer of cosmetic antioxidants across the globe
and is also projected to lead during the forecast period. The growth of the Cosmetic
Antioxidants Market in Asia Pacific can be attributed to the economic growth of emerging
economies such as China, India, and Taiwan, among others. Increasing population,
improving standard of living of masses, and rising e-commerce activities have led to
increased demand for cosmetic products in the Asia Pacific region.
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Key players operating in the cosmetic market include BASF (Germany), Koninklijke DSM
(Netherlands), Wacker Chemie (Germany), Eastman Chemical Company (US), Lonza Group
(Switzerland), Croda International (UK), Ashland Global Holdings (US), Evonik Dr.
Straetmans (Germany), SEPPIC (France), BTSA Biotecnologías Aplicadas (Spain), Kemin
Industries (US), and Barentz International (Netherlands).
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