Hydrogenated Polyisobutene Is Estimated To Witness High Growth Owing To Increasing Demand In Personal Care Industry

 

Hydrogenated Polyisobutene Market

The Hydrogenated Polyisobutene market is estimated to be valued at US$ 19.02 Mn or Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Hydrogenated polyisobutene is a synthetic polymer widely used in personal care products as an emollient, hair conditioning agent, and film former. It helps improve texture, feel, and appearance of products. It is used in formulations of face creams, lotions, hair conditioners, sunscreens, makeup, and lip balms owing to its oil-gelling properties and non-greasy feel.

Market Dynamics:
Growing personal care industry globally is a key factor driving the demand for hydrogenated polyisobutene. According to projections, the global personal care market size is estimated to reach USD 1,442 billion by 2025, witnessing a CAGR of 4.8% during 2020-2025. Hydrogenated polyisobutene's unique properties to absorb oil and moisture while leaving a dry skin feel have made it popular excipient in formulations. Rising awareness about skincare and hair care among consumers is further augmenting the market growth. Additionally, hydrogenated polyisobutene blends well with a wide range of oils and raw materials, providing formulators increased product design flexibility. This wide compatibility and versatility of the product has boosted its adoption across personal care applications.

SWOT Analysis

Strength: Hydrogenated Polyisobutene has non-comedogenic, non-greasy and emollient properties which makes it popular to use in personal care products. It has excellent spreadability and stability. Hydrogenated Polyisobutene acts as an excellent viscosity modifier.

Weakness: Stringent regulations by the environmental agencies regarding the usage of petroleum-based raw materials can hamper the market growth. High dependence on a limited number of suppliers for raw materials increases price volatility.

Opportunity: Growing demand for natural and organic personal care products provides an opportunity for manufacturers to develop plant-based Hydrogenated Polyisobutene. Increasing spending power and changing lifestyles in developing countries will boost the demand.

Threats: Availability of alternatives like mineral oil, jojoba oil and silicone oils can hamper the growth. Fluctuations in crude oil prices directly impact the production cost.

Key Takeaways

The Global Hydrogenated Polyisobutene Market Share is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing demand for multi-functional personal care products. The market size is projected to reach US$ 19.02 Mn in 2023.

Regional analysis

Asia Pacific dominates the market and is expected to grow at the fastest rate owing to large population, rising disposable incomes and increasing adoption of premium beauty products in India and China. North America holds a significant share due to growing awareness about natural cosmetic ingredients and advanced R&D capabilities.

Key players

Key players operating in the Hydrogenated Polyisobutene market are A&E Connock, BASF SE, Elementis PLC, Glenn Corporation, Henan Tianfu Chemical Co. ltd, INEOS Oligomers, NOF America Corporation, Sensient Cosmetic Technologies, SOPHIM, The Innovation Company, and UPI Chem. These companies are focusing on new product launches and expansion strategies to strengthen their market position.

Read More:

https://www.marketwebjournal.com/hydrogenated-polyisobutene-market-demand-share-analysis/

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