According to P&S Intelligence, in 2020, the skincare category, within the application segment, accounted for the largest share in the cosmetic chemicals industry. This was on account of the growing public concerns regarding skin health and the increasing availability of new and improved chemicals to produce improved skincare products. Due to these factors along with the soaring demand for sunscreens, face creams, and body lotions, the category is expected to generate the highest revenue in the coming years as well.

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