The Global Cosmetic and Toiletry Chemicals Market was valued at USD 24.8 Billion in 2023 and is projected to reach USD 35.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2024–2030). This robust growth is fueled by rising consumer demand for personal care products, the proliferation of premium and natural formulations, and the increasing adoption of advanced active ingredients for skin and hair health.

As the beauty and personal care industry focuses on efficacy, safety, and sustainability, the role of chemical suppliers has become more critical than ever. In this blog, we profile the Top 10 Companies in the Cosmetic and Toiletry Chemicals Industry—a diverse group of specialty chemical giants, ingredient innovators, and sustainable solution providers defining the future of cosmetic formulations.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Emollients, Surfactants, UV Filters, Active Ingredients

BASF stands as a global leader in the supply of high-performance ingredients for the cosmetics industry. Its Care Creations® segment offers a comprehensive portfolio, including preservatives, polymers, and conditioners, serving major beauty brands worldwide. The company is heavily invested in biotechnology-derived and naturally sourced ingredients.

Sustainability & Innovation Initiatives:

• Commitment to carbon-neutral growth by 2030

• Expansion of biotech-based ingredient portfolio (e.g., bio-based succinic acid)

• Strategic partnerships for sustainable sourcing of raw materials

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9️⃣ 2. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Acrylates, Silicones, Thickeners, Hair Fixative Polymers

Dow provides a wide array of materials crucial for texture, feel, and performance in cosmetic products. Its extensive range of silicone-based products, under brands like DOW CORNING®, is essential for creating smooth, long-lasting formulations in everything from foundations to conditioners.

Sustainability & Innovation Initiatives:

• Developing eco-friendly and biodegradable formulations

• Investment in circular economy models for plastic packaging components

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8️⃣ 3. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Specialty Surfactants, Lipid Systems, Active Ingredients

Evonik’s Care Solutions business line is a key player in high-value cosmetic ingredients, particularly in skin care actives and delivery systems. Their expertise in controlled-release technology allows for enhanced efficacy of active ingredients in anti-aging and treatment products.

Sustainability & Innovation Initiatives:

• Focus on “Next Generation Ingredients” with proven efficacy and safety

• Product lines based on renewable raw materials (RSPO-certified)

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7️⃣ 4. Clariant AG

Headquarters: Muttenz, Switzerland
Key Offering: Emulsifiers, Conditioners, Pearlescent Pigments, Preservatives

Clariant’s Business Unit Care Chemicals offers a broad portfolio of ingredients that enhance the sensory properties and stability of personal care products. They are known for their natural and mild formulations, catering to the rising demand for gentle and eco-conscious beauty solutions.

Sustainability & Innovation Initiatives:

• Portfolio includes ECO-Tain® labelled products meeting sustainability criteria

• Development of bio-based and readily biodegradable ingredients

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Cosmetic and Toiletry Chemicals Market – View in Detailed Research Report

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6️⃣ 5. Ashland Global Holdings Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Film Formers, Thickeners, Conditioners, SPF Boosters

Ashland is a premier supplier of specialty additives for hair care, skin care, and oral care. Its products are integral to achieving desired product performance, from the hold of a hairspray to the moisturizing feel of a lotion. Their NaturePep® line is a notable offering of biomimetic and plant-derived actives.

Sustainability & Innovation Initiatives:

• Strong focus on nature-derived and biotechnology-enabled ingredients

• Commitment to sustainable sourcing and green chemistry principles

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5️⃣ 6. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Surfactants, Guar Derivatives, Polymers, Aroma Ingredients

Solvay’s Novecare division provides essential chemistry for the personal care market, with a strong presence in mild surfactants for cleansing products and rheology modifiers. The company’s Mirataine® and Mackam® series are widely used in shampoos and body washes for their gentle cleansing properties.

Sustainability & Innovation Initiatives:

• Solvay One Planet sustainability roadmap with clear ESG targets

• Development of biosourced and biodegradable surfactant platforms

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4️⃣ 7. Lubrizol Corporation

Headquarters: Wickliffe, Ohio, USA
Key Offering: Carbomer Polymers, Conditioning Agents, Emulsifiers

Lubrizol’s Beauty & Home segment is a global force in advanced polymers and ingredients that define product texture, stability, and sensory appeal. Their Carbopol® polymers are industry standards for thickening and gelling in water-based formulations.

Sustainability & Innovation Initiatives:

• Investment in sustainable and natural-derived polymer alternatives

• Focus on multifunctional ingredients to simplify formulations and reduce environmental footprint

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3️⃣ 8. Lonza Group AG

Headquarters: Basel, Switzerland
Key Offering: Preservatives (Glydant®, Geogard®), Active Ingredients, Peptides

Lonza is a critical supplier of preservation and protection systems, ensuring the safety and shelf-life of cosmetic products worldwide. They also offer a growing portfolio of high-efficacy active ingredients for premium skin care brands, focusing on scientifically proven results.

Sustainability & Innovation Initiatives:

• Pioneering broad-spectrum, globally approved preservative blends

• R&D in microbiome-friendly and preservative-boosting technologies

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2️⃣ 9. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: Silicones (BELSIL®), Cyclodextrins, Biopolymer Actives

Wacker is renowned for its high-purity silicones that deliver unique sensory benefits, from silky-smooth textures to water resistance. Their expertise in cyclodextrin encapsulation also allows for the stabilization and targeted delivery of fragile active ingredients like vitamins and fragrances.

Sustainability & Innovation Initiatives:

• Development of bio-based and biodegradable silicone alternatives

• Cyclodextrins from renewable, plant-based raw materials

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1️⃣ 10. Croda International Plc

Headquarters: Snaith, United Kingdom
Key Offering: Specialty Actives, Emollients, Surfactants, Delivery Systems

Croda is a leader in supplying ingredients from natural, sustainable sources. Its Personal Care division is focused on innovation that delivers tangible consumer benefits, with a significant portion of its portfolio classified as “Natural by Origin.” Croda is a key partner for brands prioritizing green chemistry and traceability.

Sustainability & Innovation Initiatives:

• Target of 75% of sales from natural, renewable raw materials by 2030

• Commitment to becoming Climate, Land, and People Positive by 2030

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✨ Outlook: The Future of Cosmetic Chemicals is Green and Smart

The cosmetic and toiletry chemicals market is undergoing a profound transformation. While performance remains paramount, the industry is rapidly embracing sustainability, natural origins, and scientific innovation. Formulators are demanding ingredients that are not only effective but also ethically sourced and environmentally benign.

📈 Key Trends Shaping the Market:

• Accelerated shift towards bio-based and upcycled ingredients to reduce environmental impact

• Rising demand for “skinimalism” and multifunctional ingredients that simplify formulations

• Growing investment in biotechnology for producing high-purity, sustainable actives (e.g., fermented ingredients)

• Increased regulatory scrutiny and consumer demand driving the development of next-generation preservative systems and safer alternatives

Get Full Report Here:
Cosmetic and Toiletry Chemicals Market – View in Detailed Research Report

The companies listed above are not only supplying the building blocks of beauty—they are actively pioneering the sustainable and scientific evolution of the entire personal care industry.