A recent report ongoing study by
Infinium Global Research on nanotechnology in the cosmetics market provides an in-depth analysis of segments and sub-segments in the global as well as
regional nanotechnology in the cosmetics market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
nanotechnology in the cosmetics market over the short term as well as the long term.
The report is a comprehensive presentation of trends, forecasts, and dollar
values of global nanotechnology in the cosmetics market. According to the report,
the global nanotechnology in the cosmetics market is projected to grow at a significant
CAGR over the forecast period of 2022-2028.
Nanotechnology incorporation in the cosmetic formulation is considered the hottest and most emerging technology
available. UV protection, deeper skin penetration, and improved hydration are
properties of Nanotechnologies that enhance their use in the cosmetics
industry. Furthermore, increasing utilization of high-quality cosmetic
product by the young population will highly influence the growth of the market.
Nanotechnology is utilized to enhance the performance of cosmetics in several
ways such as controlling drug release, enhancing physical stability, increasing
both the dermal penetration and entrapment efficiency of the active ingredient,
and improving moisturizing power. Due to this extensive use of nanotechnology
in the cosmetic industry, the growth is augmented during the forecast period.
The growth of the market is
attributed to the increasing utilization of nanoscale-size ingredients to offer
deeper skin penetration, skin smoothening, improved UV protection, increased
color, long-lasting effects, and many more. Indecipherable nanoparticles in
beautifying products are used as preservatives or UV filters. Advanced
properties of nanoparticles advantageous for the cosmetic industry such as
transparency, chemical reactivity, and solubility are increasing the demand.
The utilization of nanoparticles for the treatment and prevention of
premature aging and hyperpigmentation skin will fuel the growth of the
market. Nanotechnology is also mainly used for skin care regimens for radiation
and sun-stressed skin. The unique ability to the prevention of cornification,
connective tissue disorders, and skin barrier disorders, such as acne, rosacea,
psoriasis, perioral dermatitis, and neurodermatitis is highly augmenting the
demand by the young population. Furthermore, the usage of Micellar
nanoparticles for the production of cosmetic products will create lucrative
growth opportunities for the market during the forecast period. However,
extensive usage of nanotechnology in cosmetic products may cause various
diseases and consequential health hazards. Thus, the effects of inhaled
nanoparticles in the body may cause heart problems and lung inflammation is a
major factor restraining the growth of the market.
Meanwhile, due to the outbreak of
the COVID-19 pandemic in 2020, the global nanotechnology market in cosmetic
products has shown declining results in the growth rate. The sales of the
product were declining day by day. Because of the lockdown situation going on
across the world, the production units of cosmetic manufacturers lead to shut
down as a result of the labor shortage. Furthermore, the delay in the supply of
various types of nanomaterials used to manufacture cosmetic products hampered
the growth during the covid-19 pandemic. Moreover, the research and development
activities in the industry were halted. The major restraining factor for the
market growth is the delay in new product launches and patent filing during the
covid-19 pandemic.
The global nanotechnology in
cosmetics market is segmented into the Asia Pacific, North America, Europe, and
the Middle East & Africa. The Europe region is expected to dominate the
market owing to the population growth and increasing per capita income of the
population. The adoption of nanotechnology cosmetic products has increased the
preference among consumers for skin and hair care technology. Among the
geographies, North America is the fastest growing region in the Nanotechnology
in Cosmetics Market. The high use of advanced cosmetics products due to harsh
climatic conditions is a major driving factor for the market growth in the
region. However, the Asia Pacific region is growing moderately followed by the
North American region due to the increasing geriatric population. Furthermore,
the increasing demand for nanotechnology cosmetics products from high
population developing countries such as India and China has enhanced the market
growth.
The report on global
nanotechnology in the cosmetics market covers segments such as products, and
nanomaterial. On the basis of products, the sub-markets include hair care, skin
care, make-up, sexual well-being, and others. On the basis of nanomaterial, the
sub-markets include liposomes, nanoemulsions, nanocapsules, solid lipid
nanoparticles, nanosilver and nanogold, and others.
The report provides profiles of
the companies in the market such as L’Oreal, Procter and Gamble, Henkel,
Unilever, Avon, Shiseido, Beiersdorf, Estee Lauder, Johnson & Johnson, and
Sesderma.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of nanotechnology in the cosmetics market. Moreover, the study highlights
current market trends and provides forecasts from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.