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Growing demand from ethnic groups for beauty products that are tailored to their needs is one of the major driving factors in the cosmetic industry. Furthermore, rising purchasing power, as well as increased awareness and demand for personal care products among aging baby boomers, are expected to drive demand for cosmetic chemicals.<br><br>However, rising demand for natural ingredients may stymie the global cosmetic chemicals market's growth trajectory. Furthermore, major corporations must adhere to industry standards and regulations.
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