Cosmetic Grade Color Additives Market Is Expanding Rapidly With American Banknote Corporation Announcing The Expansion Of Their New Additive Manufacturing Center (Amc) With Hp Multi-Jet Fusion Technology


 The use of cosmetics has increased massively over the years in both developed and emerging economies. This rise in the use of cosmetics is due to rapidly increasing urbanization and growing disposable income. According to the Organisation for Economic Co-operation and Development (OECD), in 2017, the gross adjusted disposable income in the U.S. was US$ 50,444 per capita increasing from US$ 45,960 per capita in 2014. This has resulted in higher expenditure on cosmetic products, which can stimulate growth of the cosmetic grade color additives market.

Another key factor governing the development of the market is high demand for anti-aging cosmetics and fairness products. Consumers are increasingly becoming aware of self-appearance and well-being. As a result of this, the demand for color additives has gone up across the globe. Thus, such factors can augment growth of the cosmetic grade color additives market in the near future. Recently, in January 2021, American Banknote Corporation announced the expansion of their new Additive Manufacturing Center (AMC) with HP Multi-jet fusion technology.

One of the most used inorganic color pigments that are found in various cosmetic products is Iron Oxide. Iron oxide is widely used as an additive, mainly due to its cheap price and high optical clarity. It has also good absorbing ability and is capable of giving colored dyes a clear look. It is used for anti-ultraviolet ray protection and for applications where it can control the absorption of other pigments. Iron oxides are mostly used in tints, wrinkles, and pigmented tattoos. Another great property of iron oxide is that it does not allow oil to collect on its surface thus ensuring that your cosmetic does not spoil soon after application. As far as regional impact is concerned, Asia Pacific seems to gain robust traction in the cosmetic grade color additives market. This is typically due to the fact there is a high preference for organic products over chemical-based products along with increasing disposable income in India and China. On the contrary, there is high demand for cosmetic grade color additives due to growing awareness regarding self-appearance among people.

The ever-increasing demand for cosmetics has resulted in the increased use of cosmetic grade color additives for making them even more attractive. These additives are used to make cosmetics more noticeable. They are also used for various purposes that include de-aging and sun protection. This article will discuss the different uses and benefits of these additives. Despite these advantageous aspects of the market, there are certain factors that pose a major challenge in the development. Stringent regulatory compliances imposed by government authorities remain one of the most significant hurdles in growth of the cosmetic grade color additives market.

Location: India

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