Isohexadecane is a clear, odorless liquid hydrocarbon commonly used in skin care, hair care, and color cosmetic products. It acts as an emollient that provides a soft, silky feel to the skin. The advantages of using isohexadecane in cosmetic formulations include excellent spreading properties, enhanced product glide and slip, and contributing to a lightweight, non-greasy skin feel. The growing personal care and color cosmetic industry has fueled the demand for isohexadecane to incorporate into various skin care products such as moisturizers, sun care products, facial serums, and massage oils, where it hydrates and softens the skin.
The global Isohexadecane Market is estimated to be valued at US$ 201.14 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for skin care applications accounts for one of the major market trends of isohexadecane. New product launches incorporating isohexadecane by personal care brands and its growing demand from color cosmetic brands have been driving the growth of isohexadecane market. For instance, Sephora beauty brand launched a new sheet mask containing isohexadecane to deeply hydrate and nourish the skin without leaving an oily residue. Manufacturer expansion across regions to cater to the rising demand is another trend witnessed in the market.
Segment Analysis
The global isohexadecane market can be segmented into purity level and applications. Based on purity level, the market for 96% to 98% purity level isohexadecane holds the largest market share owing to high demand from personal care products. This segment is expected to remain dominant during the forecast period due to wide use of 96% to 98% purity level isohexadecane in cosmetics and personal care products for its emollient properties.
Key Takeaways
Global Isohexadecane Market Size is expected to witness high growth during the forecast period of 2023 to 2030.
Regional analysis: North America region dominates the global isohexadecane market and is expected to continue its dominance during the forecast period. The growth in North America isohexadecane market is attributed to growing personal care industry and increasing demand for sensitive skin care products in the region. Asia Pacific region is expected to witness the fastest growth in isohexadecane market driven by rising incomes, changing lifestyles and growing demand for premium personal care products in countries like China and India.
Key players operating in the isohexadecane market include Anker, Duracell, EcoFlow, Goal Zero, Jackery, MAXOAK, NEXPON, Omnicharge, ORYTO, OUTXE, Pisen, RavPower, Rockpals, Samsung, Suaoki, X-DRAGON, Zendure, RIVER, Crave, Intova. Duracell and RavPower are among the leading players in isohexadecane market.
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Fact.MR, in its new offering, brings to the fore an unbiased analysis of the global Isohexadecane market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029.
The study offers compelling insights on the isohexadecane market on the basis of end-use (hair care products, skin care products, antiperspirants & deodorants, color cosmetics, bath, shower & soaps, sun care products, shaving / hair removal products) across seven key regions and 22 countries.The isohexadecane market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions.
The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Prominent players covered in this research are RITA Corporation, The Innovation Company, Vantage Specialty Chemicals, Croda International Plc., and many others.The isohexadecane market report addresses the below-mentioned queries:Why are vendors shifting away from traditional methods of manufacturing isohexadecane?How does the global isohexadecane market looks like in the next five years?Which end use industry is expected to surpass segment by the end of 2029?What innovative products are being introduced by the players in the global isohexadecane market?Which regions are showing the fastest market growth?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.You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=4369Developed Regions Dominate Adoption RatesDeveloped 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.
A latest report published by Fact.MR takes into account the Isohexadecane market from a global as well as local viewpoint.
Color cosmetics remain the prominent end-use of isohexadecane in the coming decade.
This is fuelled by increased consumption by millennial and accounts for 60% of color cosmetics sales.
This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Isohexadecane.
The study also provides dynamics that are responsible for influencing the future status of the Isohexadecane market over the forecast period.The recent report on the global Isohexadecane market published by the Fact.MR includes the impact of COVID-19 on the Isohexadecane market.
This has affected each and every market in the world and it will take a good amount of time to recover.
