by Isohexadecane is a high purity hydrocarbon fluid commonly used as an emollient, solvent, or viscosity-increasing agent in cosmetic formulations such as cleansing oils and creams as well as in hair products. It provides a silky, lubricious feel to the skin and hair without imparting any greasiness. Isohexadecane has excellent spreading properties and low interfacial tension, which allows it to blend well with other ingredients. Some key personal care applications of isohexadecane include makeup removers, hand creams, facial moisturizers, shaving creams, lip balms, and shampoos. The global personal care industry has been growing consistently, driven by rising disposable incomes, increasing beauty consciousness, and expanding retail distribution networks especially in developing regions of Asia Pacific and Latin America. This widespread growth of the personal care sector is expected to drive the demand for isohexadecane over the forecast period.
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 Dynamics:
Two major drivers influencing the isohexadecane market include growing demand from personal care industry as mentioned above and increasing acceptance of natural and plant-derived ingredients in personal care formulations. Consumers today pay greater attention to product labels and ingredients and prefer natural alternatives to synthetic chemicals for skin and hair care. Isohexadecane being a hydrocarbon of natural origin fits well with this growing consumer trend. This shifting preference towards natural ingredients in personal care is likely to boost the sales of isohexadecane in the coming years. However, availability of alternative emollients extracted from plant oils and cheap synthetic petrochemical substitutes may restrain the market to some extent over the forecast period.
Segment Analysis
Isohexadecane market is dominating sub segment within olefins and paraffins market. The personal care and cosmetics segment within isohexadecane market is dominating as isohexadecane is widely used as an emollient in skin care, bath and shower products, fragrances and sun care products owing to its excellent spreading properties and moisture retention capacity without leaving any greasy residue.
PEST Analysis
Political: No significant impact of political factors on isohexadecane market globally. However, policies and regulations related to use of petrochemicals in personal care may impact demand.
Economic: Growth of personal care and cosmetics industry globally is driving demand for isohexadecane as an important ingredient. Rise in disposable income is positively impacting personal grooming spending.
Social: Increasing consumer awareness about natural and organic personal care products may impact synthetic isohexadecane demand. However, its properties make it suitable for wide range of personal care products used by consumers.
Technological: No major technological changes impacting isohexadecane production. Manufacturers are focusing on developing sustainable and environment friendly extraction and production technologies to meet evolving environmental regulations.
Key Takeaways
Global Isohexadecane Market Size is expected to witness high growth over the forecast period driven by increasing demand for personal care products. Regional analysis
The Asia Pacific region dominates the global isohexadecane market and is expected to grow at fastest pace during the forecast period. Growing middle class population coupled with rising disposable incomes in developing countries such as China and India is driving sales of personal care products thereby augmenting market growth.
Key players operating in the isohexadecane market are Anker, Duracell, EcoFlow, Goal Zero, Jackery, MAXOAK, NEXPON, Omnicharge, ORYTO, OUTXE, Pisen, RavPower, Rockpals, Samsung, Suaoki, X-DRAGON, Zendure, RIVER, Crave, Intova. Companies are focusing on new product launches catering to personal care segment to further penetrate the market and gain competitive edge. For instance, INOLEX launched new emollient grades of isohexadecane to be used in formulation of sun care and skin care products.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
