The 2 main players in the isohexadecane market to order more than 60% of sales
The Isohexadecane Market Research published by Fact.MR offers comprehensive analysis and focused insights into key trends that are expected to shape future growth prospects. The report provides detailed analyzes of the main drivers, trends, challenges and opportunities prevailing for the coming decade in key geographies and segments.
NEW YORK, December 7, 2021 / PRNewswire / – Fact.MR – A supplier of market research and competitive intelligence: The global isohexadecane market is expected to experience steady growth through 2021 and beyond with increasing demand for high-end personal care and skin care products. The increasing use of isohexadecane and petroleum-based isohexadecane for the production of sun care and skin care products will drive the market.
The growing awareness of Millennials regarding their skin care has accelerated the demand for premium personal care products. Therefore, the major manufacturers of isohexadecane are collaborating with local and regional players in the personal care and cosmetics industry to increase their revenues.
However, with a growing preference for natural and organic personal care products, the uptake of isohexadecane is expected to decline over the years. This, in turn, should hamper sales.
According to Fact.MR, the market grew slowly at 3% CAGR between 2014 and 2019. The demand is expected to increase with the growing presence of local players in economies such as India, Vietnam, and Brazil surges.
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Additionally, in the wake of the COVID-19 outbreak, millennials in the aforementioned countries are increasingly aware of their personal hygiene and skin care routines. As a result, sales of hair dye, sun care, and antiperspirant / deodorant products increased during FQ-20.
In this context, major players have accelerated the adoption of isohexadecane to take advantage of the growing demand for high-end personal care and cosmetic products. Regionally, ASEAN countries are expected to experience lucrative growth opportunities during the forecast period of 2019 and 2029, Fact.MR estimates.
“The increasing adoption of petroleum-based isohexadecane for the production of high-end cosmetics is expected to drive sales. In addition, with the growing demand for these high-end products across India, Indonesia, Brazil, and Vietnam, key players are partnering with players in the personal care and cosmetics industry to gain a competitive advantage, ”said a Fact.MR analyst.
Key points to remember:
In terms of end use, hair care products segment is expected to experience the fastest growth in isohexadecane market until 2021
The colored cosmetics and skin care products segment, collectively, is expected to account for the largest share of the demand during the forecast period
China should become the most lucrative pocket of East Asia due to the increasing demand for high-end cosmetic products for hair and skin
India and Brazil should lead the growth of South Asia and Latin America isohexadecane market during the forecast period
With a strong presence of leading players and growing demand for sunscreens and skin cosmetics, the United States is expected to dominate North America isohexadecane market
Growing use of isohexadecane for the production of antiperspirants and deodorants will drive the market
Growing sales of high-end products in developed economies such as the United States, Germany, and UK to accelerate demand for isohexadecane for production of skin care products
Emergence of high-end personal care product manufacturers in emerging economies such as Vietnam, Brazil, and Indonesia will create growth opportunities for market players in these countries
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According to Fact.MR, the global isohexadecane market is expected to be consolidated by nature. The market is dominated by two global players, Croda International PLC and INEOS Oligomers, which account for nearly 60% of the market share.
The main players operating in the isohexadecane market are targeting strategic collaborations with the personal care and cosmetics giants to increase their revenues. They also invest heavily in product development to launch improved products and expand their customer base.
For example, SEPPIC manufactures and distributes specialty ingredients such as isohexadecane for the personal care and cosmetics industry. The company manufactured Montanov 82, a low viscosity product, launched as an “Afterparty” makeup remover.
Major players in the Isohexadecane market include:
More valuable information on the isohexadecane market
Fact.MR provides an unbiased analysis of the Isohexadecane market, presenting historical demand data (2014-2018) and forecast statistics for the period 2019-2029. The study reveals compelling information about the global isohexadecane market with detailed segmentation on the basis of:
South Asia & Oceania
Key Questions Answered in the Isohexadecane Market Report
The report provides an overview of the Isohexadecane market demand outlook for 2019-2029.
The market study also highlights the expected sales growth for the Isohexadecane market between 2019 and 2029.
The Isohexadecane market research identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluating the current market size and forecast and technological advancement within industry.
Analysis of isohexadecane market share of key companies in the sector and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.
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