Cosmetic chemical market growing 6.5%

2016-03-28 02:29:12
China Detergent & Cosmetics 2016年1期

The global market for cosmetics and toiletries chemicals has a value of $21.3 billion and is expected to grow at a compound annual growth rate of 6.55% to reach a value of $35.4 billion by 2022, according to a report by Medagadget. Demand for chemicals used in skin care products is expected to increase 6.2% yearly to $3.4 billion by 2018.