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 Corporat...