Cosmetic Preservatives Market Size, Share, Growth Analysis, By Product(Paraben esters, Formaldehyde donors), By Application(Skin & sun care, Hair care) - Industry Forecast 2024-2031

Global Cosmetic Preservative Market size was valued at USD 407.93 Million in 2022 and is poised to grow from USD 432.41 Million in 2023 to USD 689.19 Million by 2031, at a CAGR of 6% during the forecast period (2024-2031).

Cosmetic preservatives help multiple roles as antimicrobial agents, antioxidants, and stabilizers. Many cosmetics integrate biodegradable components that can depreciate due to microbial activity. Prolonged storage and the occurrence of water in products can further contribute to cosmetic deprivation, leading to variations in Odor, viscosity, and color. For instance, In March 2022, Sharon Labs made an agreement to acquire RES Pharma Industrial, a dedicated chemical manufacturer situated in Trezzo sull'Adda, Italy (RPI). The acquisition of RPI was scheduled to be finalized in March 2022, with the purpose of integrating RPI's technology, research and development capabilities, production conveniences, commercial development, and customer service expertise into Sharon Laboratories' Personal Care division. Cosmetic preservatives are mainly merged into preparations to curb microbial growth. They can be considered into natural and synthetic preservatives based on their raw materials. Natural preservatives incorporate plant-derived oil extracts like those from curry leaves, cinnamon leaves, and clove buds. Commonly used synthetic preservatives contain parabens, formaldehyde releasers, isothiazolinones, phenoxyethanol, and organic acids. Nevertheless, synthetic compounds have established to be more effective in preventing bacterial growth. North America has consistently held the largest share in the global cosmetic preservatives market.

Preservers find application in various cosmetic products, including face masks, lotions, sunscreens, and scrubs, with diverse types selected based on the detailed product, whether it's rinse-off, leave-on, or wet wipes. Leave-on products, like creams, body lotions, and deodorants, require different preservatives than rinse-off products such as shampoos and soaps, and wet wipes, which include wet tissues and baby wipes. For instance, In December 2021, Clariant introduced a significant procurement by acquiring assets from its German competitor BASF in North America, a transaction valued at USD 60 million in cash. This deliberate move is anticipated to support Clariant's development in the realm of sustainable business enterprises. Clariant is directing to finalize the achievement of BASF's attapulgite business in the summer of 2022. This acquisition positions Clariant as a projecting player in the mining and production of attapulgite clay, a material with competences for mitigating pollution in the production procedures of renewable fuels. Moreover, In August 2021, Clariant has agreed to buy the remaining 70% of Beraca, a Brazilian Personal Care Specialties company from its founders, the Sabará family. Since 2015, Clariant owned a 30% share in the company. The acquisition price is anticipated to remain a secret. The transaction is expected to be finalized in Q4 2021 pending regulatory approvals.