The cosmetic polymer ingredients market in South and Central America was valued at approximately US$ 758.52 million in 2023, with projections indicating it will grow to around US$ 1.04 billion by 2031, reflecting a compound annual growth rate (CAGR) of 4.1% during this period.
In August 2024, Brazil and Chile concluded negotiations on the Brazil-Chile Trade Facilitating Initiative, which focuses on the cosmetics industry. This agreement aims to eliminate the requirement for a Free Sale Certificate, standardize labeling practices, improve manufacturing protocols, and enhance the trade of cosmetic products. Consequently, the easier access to cosmetic products, coupled with increasing disposable income, is expected to drive growth in the cosmetic sector in South and Central America, leading to a higher consumption of both natural and synthetic cosmetic polymer ingredients.
Reasons to Buy
Strategic Developments by Key Players
Key players in the cosmetic polymer ingredients sector are actively pursuing strategic initiatives, including product innovation, research and development, mergers and acquisitions, and business expansions. These efforts aim to broaden their customer base and strengthen their market presence. For instance, in June 2023, Solvay SA introduced Naternal, a line of bio-based biodegradable polymers designed for hair and skin care products. Additionally, in October 2023, BASF SE announced plans to invest in a new facility in Düsseldorf for the production of cosmetic ingredients, particularly emollients for skin care and sun protection products, with operations expected to start by 2025. Emollients are essential cosmetic polymers that help retain skin moisture and enhance product sensory attributes. In March 2024, SNF expanded its product range by launching NATURSOL EMI Lite, a rheology modifier with a naturality index of 78%, aimed at environmentally conscious beauty solutions. Furthermore, in April 2024, Clariant AG acquired Lucas Meyer Cosmetics from IFF for US$ 810 million, enhancing its portfolio of high-value ingredients for the cosmetics sector. Such strategic moves are anticipated to create significant opportunities in the cosmetic polymer ingredients market throughout the forecast period.Market Overview
The South and Central America cosmetic polymer ingredients market is also influenced by the rise of online retail platforms such as Mercado Livre, Amazon, and Via Varejo, which engage consumers through targeted advertising and marketing campaigns. The increasing presence of digital influencers on platforms like Instagram, TikTok, and Snapchat has further promoted various skincare, haircare, and makeup products. These influencers often employ promotional tactics, including unique coupons and discounts, to enhance the appeal of certain cosmetics. Additionally, the growing demand for convenience and rising disposable incomes contribute to the popularity of online shopping in the region.In August 2024, Brazil and Chile concluded negotiations on the Brazil-Chile Trade Facilitating Initiative, which focuses on the cosmetics industry. This agreement aims to eliminate the requirement for a Free Sale Certificate, standardize labeling practices, improve manufacturing protocols, and enhance the trade of cosmetic products. Consequently, the easier access to cosmetic products, coupled with increasing disposable income, is expected to drive growth in the cosmetic sector in South and Central America, leading to a higher consumption of both natural and synthetic cosmetic polymer ingredients.
Market Segmentation
The South and Central America cosmetic polymer ingredients market is segmented by type, category, function, application, and country:- By Type: The market includes polyethylene glycol, acrylic acid-based polymers, vinyl acetate, silicone, cellulose, collagen, pectin, xanthan gum, chitosan, and others. In 2023, the silicone segment dominated the market share.
- By Category: The market is divided into natural, synthetic, and semi-synthetic categories, with the synthetic segment holding the largest share in 2023.
- By Function: The market is categorized into rheology modifiers, stabilizers, emulsifiers, film formers, conditioning agents, and others. The rheology modifier segment was the largest in 2023.
- By Application: The market is segmented into skincare, hair care, makeup, and others, with skincare accounting for the largest share in 2023.
- By Country: The market is divided into Brazil, Argentina, and the Rest of South and Central America, with Brazil holding the largest market share in 2023.
Key Companies
Prominent companies in the South and Central America cosmetic polymer ingredients market include 3V Sigma S.p.A., Arkema SA, Ashland Inc., BASF SE, Cargill, Incorporated, Clariant AG, Derypol, Evonik Industries AG, Nouryon Chemicals Holding BV, Sensient Technologies Corp, SNF, Solvay SA, SOPHIM IBERIA S.L, The Dow Chemical Co, and The Lubrizol Corporation. These companies are at the forefront of innovation and development in the cosmetic polymer ingredients market.Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America cosmetic polymer ingredients market.
- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America cosmetic polymer ingredients market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America cosmetic polymer ingredients market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. South & Central America Cosmetic Polymer Ingredients Market Landscape
5. South & Central America Cosmetic Polymer Ingredients Market - Key Market Dynamics
6. South & Central America Cosmetic Polymer Ingredients Market Analysis
7. South & Central America Cosmetic Polymer Ingredients Market Volume and Revenue Analysis - by Type
8. South & Central America Cosmetic Polymer Ingredients Market Revenue Analysis - by Category
9. South & Central America Cosmetic Polymer Ingredients Market Revenue Analysis - by Function
10. South & Central America Cosmetic Polymer Ingredients Market Revenue Analysis - by Application
11. South & Central America Cosmetic Polymer Ingredients Market - Country Analysis
12. Competitive Landscape
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the South & Central America Cosmetic Polymer Ingredients Market include:
- 3V Sigma S.p.A.
- Arkema SA
- Ashland Inc
- BASF SE
- Cargill
- Incorporated
- Clariant AG
- Derypol
- Evonik Industries AG
- Nouryon Chemicals Holding BV
- Sensient Technologies Corp
- SNF
- Solvay SA
- SOPHIM IBERIA S.L
- The Dow Chemical Co
- The Lubrizol Corporation
