Two Third of Global Supply Accounted by Two Goliaths of Isohexadecane Industry
Posted by preefacto on February 18th, 2020
Isohexadecane is an odorless and colorless, high purity iso-paraffin solvent and emollient which is commonly used in the production of personal care and cosmetic products. The material is normally used to produce thick and creamy formulations, which is characterized by imparting a silky, non-greasy feel on the skin. Isohexadecane is most commonly used in products such as foundations, makeup removers, sun care products, antiperspirants, lip products, and deodorants.
The global market for isohexadecane is expected to grow with a moderate CAGR of ~3.3 per cent through the forecast period till 2029. The growth can be primarily attributed to the rise in per capita expenditure on premium personal care and cosmetics products, which is expected to generate a number of lucrative opportunities of growth in the years ahead.
To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:
The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.
Developed Regions Dominate Adoption Rates
Developed countries around the world including those in North America and Europe are major markets for isohexadecane, owing to the presence of numerous major cosmetics and personal care product manufacturers in these regions.
On the other hand, in the countries of the Asia Pacific, emerging economies such as China has been witnessing a high rate of growth, as consumers have recently started to transition towards the use of premium products which are propelling the use of isohexadecane. These growth opportunities will primarily come from Vietnam, India, and Indonesia, who are witnessing higher amounts of disposable income, and a rising preference for such premium products.
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The study provides detailed profile of key players and their offering in the isohexadecane market, which include
The report offers insight into the competitive dynamic in the isohexadecane market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player. The key factors that shape the entry barrier and intensity of competition in the isohexadecane market are presented in the analysis. Further, the study provides PESTLE analyses of numerous players and an evaluation of how the competitive landscape will evolve over the forecast period.
On the basis of end use, the global isohexadecane market report offers insights into the opportunities and new avenues of following key segments:
Rising Demand for Clean Label and Natural Products Hinder Growth
Isohexadecane is a petroleum based product, which has become a popular ingredient for personal care and cosmetic product manufacturers. It has found a prominent role in the development and production of hair care and sun care products, which have been identified to have gained fast rates of growth, while soap and deodorant applications are growing at a slower pace.
On the other hand, consumers are increasingly preferring to choose product in the cosmetics and personal care sector, which are, made using clean label, natural, and organic ingredients. This trend is expected to hinder the sales of offerings which use isohexadecane, and is expected to impact the market throughout the forecast period, despite production increases.
The global isohexadecane market report answers numerous pertinent questions, some of which are:
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