by The global Isohexadecane Market is estimated to be valued at US$ 201.14 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Isohexadecane is an oil used as a non-greasy emollient in cosmetics and personal care products. It provides a lightweight, silky feel and helps formulations spread easily. Isohexadecane hydrates the skin without leaving an oily or greasy residue.
Market key trends:
Growing demand for natural and organic personal care products is expected to drive the isohexadecane market growth over the forecast period. Consumers are increasingly preferring cosmetics and personal care products containing natural ingredients due to rising health concerns related to chemicals in cosmetic products. Isohexadecane is naturally derived from plant oils and does not contain any harsh chemicals, making it a suitable ingredient for natural cosmetic formulations. This is resulting in personal care brands incorporating isohexadecane in their natural and organic product lines.
Market key trends:
Isohexadecane is majorly used in personal care products such as hair care, skin care, color cosmetics, and others owing to its superior emolliency, lubricating, and excellent skin compatibility properties. Rising demand for natural and plant-derived ingredients in cosmetics and personal care products has fueled the demand for isohexadecane as it is a natural and vegetable-derived emollient. Additionally, the growing awareness about natural ingredients and their benefits has further propelled the market growth of isohexadecane.
SWOT Analysis
Strength: Natural and vegetable-derived emollient with superior skin compatibility. Weakness: Sensitive to oxidation. Opportunity: Growing demand for natural ingredients in personal care products. Threats: Availability of substitute products such as mineral oil.
Key Takeaways
The Global Isohexadecane Market Size was valued at US$ 201.14 Mn in 2023 and is expected to reach US$ 349.84 Mn by 2030, expanding at a CAGR of 7.6% during the forecast period. The increasing usage of isohexadecane in hair care and skin care products is primarily driving the market.
Regional analysis: North America accounted for the largest share of the global isohexadecane market in 2023. This is attributed to strong demand for natural and organic personal care products in the region. Asia Pacific is projected to witness the fastest growth over the forecast period, with China, India, Japan, and South Korea being the major consumers.
Key players: R.I.T.A, Elementis, Presperse (Sumitomo Corporation), The Innovation Company, Croda, Vantage Specialty Ingredients, Lanxess. Presperse (Sumitomo Corporation) and Croda are the leading players in the isohexadecane market with wide distribution network globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
