LATAM Cosmetic Preservatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020 - 2026

Author : Ravi Chawat | Published Date : 2021-08-30 

LATAM cosmetic preservatives market is anticipated to witness substantial growth over the forthcoming timeframe owing to the rising working women demographic and increasing brand-consciousness across several Latin American countries. Beauty and cosmetic products are developed using biodegradable ingredients. While they are more beneficial for consumer use, this also means that these products can be easily compromised by microbes, which can cause them to go bad.

This causes the product to become extremely unsafe as well as unpleasant for the consumers. However, this challenge can be overcome with added antimicrobial materials. Preservatives are antimicrobials that are ingredients which are added to cosmetic product formulations that help the product maintain microbiological safety by inhibiting the propagation of and also reducing the number of microbial contaminants.

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The overall LATAM cosmetic preservatives market is bifurcated into product, usage, application, and regional landscape.

The product segment is bifurcated into Natural/organic preservatives organic acids, natural antioxidants, essential oils, plant/herbal extracts, synthetic preservatives, parabens, formaldehyde releasers, phenol derivatives, quaternary ammonium compounds (QAC), alcohols, caprylhydroxamic acid, chlorphenesin, CMI/MI, IPBC, others, and preservative boosters.

Among these alcohols are further divided into phenoxyethanol, benzylalkohol / nat. benzylalkohol, hexandiol / nat. hexandiol, penthylenglycol / nat. penthylenglycol, and proopandiol / nat. propandiol. Additionally, preservative boosters are further divided into caprylyl glycol, glyceryl caprylate, ethylhexylglycerin, hydroacetophenone, decylene glycol, and others.

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Parabens will witness around 4.2% CAGR throughout the projected timeframe. Formaldehyde releasers holds share of over 10.29% and is anticipated to witness more growth. QAC will witness around 3.8% CAGR owing to rising utilisation as preservatives in hair conditioners, dyes, and colors.

Alcohols segment holds share of over 27%. Phenoxyethanol will witness around 3.9% CAGR. Benzylalkohol / nat. Benzylalkohol holds share of over 0.57%. Hexandiol / nat. Hexandiol will witness around 5.3% CAGR. Penthylenglycol holds share of over 0.93%. Proopandiol / nat. Propandiol will witness around 3.6% CAGR over the analysis period.

Caprylhydroxamic Acid holds share of over 3.17%. Chlorphenesin will witness around 3.7% CAGR. CMI/MI holds share of over 1.25%. IPBC will witness around 2.7% CAGR owing to beneficial attributes including high load carrying along with high corrosion and water splash pressure resistance. Others holds share of over 1.75%.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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