Date of Award
Bachelor of Science
This study discusses the relationship between two distinct fields of study: chemistry and economics. Chemistry is a business in itself and has major effects on the US economy. Examining the U.S cosmetics market and the recent development of organic products will show the effect on market growth and the growing importance of organic cosmetics in the United States. The recent awareness and concern for eco-friendly and safer ingredients fueled by millennials is discussed. The average annual expenditure in the U.S. cosmetics market is examined and inflation is taken into account. The purpose is to show the importance of research in the chemical industry and how it can improve quality and safety of products as well as to show how innovation affects the U.S. cosmetics market and its economic growth.
Gonzalez, Tania, "The Business of Chemistry: The Effect of Chemical Innovation on the U.S. Cosmetics Market" (2020). Chemistry. 17.