Updated Jul 25, 2012
The chemical ingredients that go into beauty products are a hot commodity right now. So much so that industry analysts predict that sales could surpass $ 9 billion by 2016, according to reports. Industry watchers state that this trend will be unaffected by the increasing demand for natural or organic cosmetics.
This data was outlined in the report, US Cosmetics & Toiletry Chemicals Market. The report also notes that buyers of cosmetic products will pay more attention to nanotechnology formulations. Powerful cosmetic ingredients which will require smaller applications will also experience greater demand. Overall, the report predicts a five percent growth each year in the sale of cosmetics chemicals.
Written by the CareFair.com Editorial Team.