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New York, July 26, 2021 /PRNewswire/ – The booming entertainment and fashion industries in developing countries and developed countries such as the United States, France, South Korea, and IndiaThe increased production of innovative and advanced cosmetics, increasing urbanization rates, rapid growth in demand for quality products, and the surge in the use of cosmetics by millennials are some of the main drivers of global growth. Cosmetic chemicals market. Due to these factors, market revenue rose to $20 billion According to data from P&S Intelligence, in 2020, it is expected to grow even more between 2021 and 2030.
The COVID-19 pandemic has severely hindered the production and sales of cosmetics because the governments of several countries in the world have adopted strict measures to curb the spread of infection. In addition, the implementation of the blockade has had a negative impact on the distribution and supply chain, leading to a sharp decline in cosmetics sales, thus hindering the development of the cosmetic chemicals market.
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