Croda Has Announced The Official Launch And Certification Of Its Eco Range Of Bio-Based Surfactants To Cater Growing Need Across Cosmetics Surfactants Market
Growing awareness regarding beautification and rapid urbanization around the globe is driving the growth of the cosmetics surfactants market. According to the United Nation, in 2018, 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050. Projections show that urbanization, the gradual shift in residence of the human population from rural to urban areas, combined with the overall growth of the world’s population could add another 2.5 billion people to urban areas by 2050, with close to 90% of this increase taking place in Asia and Africa. The growing cosmetic industry is also projected to augment the growth of the cosmetics surfactants market. According to Korea Cosmetic Association (KCA), the skincare cosmetics market, one of the largest import categories in Korea, was expected to reach US$ 4,944 million in 2017, from US$ 4,192 million in 2016. The Asia Pacific is expected to hold the dominant position in the global cosmetics ...