At 5.5% CAGR, North America Cosmetic Polymer Ingredients Market is Projected to be Worth US$ 2,504.86 Million by 2031, says Business Market Insights

According to Business Market Insights research, the North America cosmetic polymer ingredients market was valued at US$ 1,636.51 million in 2023 and is expected to reach US$ 2,504.86 million by 2031, registering a CAGR of 5.5% from 2023 to 2031. Consumer preference for natural products and rising sales of beauty products through e-commerce are among the critical factors attributed to drive the North America cosmetic polymer ingredients market growth.

Consumers these days seek transparency in terms of product ingredients, which drives an inclination toward natural and organic beauty products. Nontoxic or natural ingredients reduce the risk of irritation and allergic responses to the skin. Growing consumer awareness about the potential health risks associated with synthetic beauty products, including allergic reactions, eye irritation, and toxicity, has led consumers to seek safe alternatives. Many people have sensitive skin or eyes, making them prone to adverse reactions from synthetic cosmetic ingredients. The clean beauty movement emphasizes the adoption of natural polymer ingredients and products that are free from harmful chemicals and other toxic ingredients. Advancements in cosmetic science have led to the development of novel natural ingredients to maintain effectiveness without compromising safety. In response to this trend, key market players are merging their conventional portfolios with new consumer expectations. In 2023, Evonik announced the “BeautiFerm” line of fermented actives to meet the rising consumer demand for natural and safe ingredients. In February 2024, Evonik launched vegan collagen ingredients for the beauty and personal care industry. Thus, the consumer preference for natural products is emerging as a significant cosmetic polymer ingredients market trend in the coming years.

On the contrary, adverse effects of synthetic cosmetic polymer ingredients hamper the growth of North America cosmetic polymer ingredients market.

By type, the North America cosmetic polymer ingredients market is segmented into polyethylene glycol, acrylic acid-based, vinyl acetate, silicone, cellulose, collagen, pectin, xanthan gum, chitosan, and others. The silicone segment held 41.1% share of North America cosmetic polymer ingredients market share in 2023, amassing US$ 672.11 million. It is projected to garner US$ 1,020.28 million by 2031 to register 5.4% CAGR during 2023–2031.

In terms of category, the North America cosmetic polymer ingredients market is segmented into natural, synthetic, and semi-synthetic. The synthetic segment held 73.2% share of North America cosmetic polymer ingredients market share in 2023, amassing US$ 1,198.39 million. It is projected to garner US$ 1,789.01 million by 2031 to register 5.1% CAGR during 2023–2031.

Based on function, the North America cosmetic polymer ingredients market is segmented into rheology modifier, stabilizers, emulsifiers, film formers, conditioning, and others. The rheology modifier segment held 30.4% share of North America cosmetic polymer ingredients market share in 2023, amassing US$ 497.02 million. It is projected to garner US$ 792.60 million by 2031 to register 6.0% CAGR during 2023–2031.

By application, the North America cosmetic polymer ingredients market is segmented into skincare, hair care, makeup, and others. The skincare segment held 37.5% share of North America cosmetic polymer ingredients market share in 2023, amassing US$ 614.28 million. It is projected to garner US$ 968.86 million by 2031 to register 5.9% CAGR during 2023–2031.

Based on country, the North America cosmetic polymer ingredients market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.3% share of North America cosmetic polymer ingredients market in 2023. It was assessed at US$ 1,362.89 million in 2023 and is likely to hit US$ 2,081.61 million by 2031, registering a CAGR of 5.4% during 2023–2031.

Key players operating in the cosmetic polymer ingredients market are 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, among others.

• In April 2024, Clariant AG announced the acquisition of Lucas Meyer Cosmetics, a provider of high-value ingredients for the cosmetics and personal care industry, from IFF for an Enterprise Value (EV) of US$ 810 million. This acquisition enables Clariant AG to strengthen its market position.

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