Global Isoparaffin Market Projected to Reach USD 152.81 Mn by 2026

10-Sep-2020 | Facts and Factors

Findings from Facts and Factors report “Isoparaffin Market By Type (C10 Isoparaffin, C11 Isoparaffin, C12 Isoparaffin, C13 Isoparaffin and C14 Isoparaffin) and By Application (Cosmetics and Personal Care, Inks, Paints & Coatings, Petroleum, Cleaning and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” states that the global Isoparaffin Market in 2019 is approximately USD 117.75 Mn and the volume is estimated to account for 120.1 thousand MT  . The market is expected to grow at a CAGR of 3.6% and is anticipated to reach around USD 152.81 Mn by 2026.

Isoparaffin are branched chain isomer hydrogen solvents of an alkane. There are various types of isomers used across different applications. Generally, Isoparaffin are used for treatment, prevention, control of dry skin conditions, skin care products. In addition Isoparaffin are also used for metal cleaning, painting products, fragrances and others. Isoparaffin have various characteristics of density, color and temperatures, this makes Isoparaffin highly adoptable in cosmetics and personal care products. Isoparaffin are regulated by several safety norms that include specifications in boiling point, Ultraviolet absorbance, Nonvolatile residual among others. This makes Isoparaffin safe to use across cosmetic and personal care industry.

Browse the full “Isoparaffin Market By Type (C10 Isoparaffin, C11 Isoparaffin, C12 Isoparaffin, C13 Isoparaffin and C14 Isoparaffin) and By Application (Cosmetics and Personal Care, Inks, Paints & Coatings, Petroleum, Cleaning and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” https://www.fnfresearch.com/isoparaffin-market-by-type-c10-isoparaffin-c11-isoparaffin-1291

Isoparaffin provide several benefits to manufacturers such as proper viscosity, low pour point among other, this aspect is anticipated to grow global demand for Isoparaffin market. Cosmetics and personal care industry is the major end-use industry and the global industry is driven by the increasing consumer’s awareness about personal grooming and health consciousness. Along with the millennial population, consumers from aged population are increasingly spending on personal care products. Skin care products such as moisturizers and face washes are accounting to the overall consumption of skin care products. Additionally, Hair care products such as hair conditioners and hair colors are widely used products across different regions. This is expected to increase the global demand or Isoparaffin.

Furthermore, the manufacturers operating in Isoparaffin market are focused on improving Isoparaffin performance by introducing safe, low odor and other features. Emerging countries such as India, China and others are expected to be the key areas of investment regions for Isoparaffin.

By type, the market is divided into C10 Isoparaffin, C11 Isoparaffin, C12 Isoparaffin, C13 Isoparaffin and C14 Isoparaffin. C10 type accounted for the largest market share of 34% in the year 2019 owing to adoption of C10 largely in cosmetics industry. The global C11 type contributed for USD 33.9 Mn in 2019 accounting to second largest segment of Isoparaffin market. Furthermore, the application segment is led by cosmetic and personal care segment contributing to a USD 36.28 Mn in 2019. Most of the Isoparaffin subjected to safety assessment are used as solvents in cosmetics, and these ingredients are also used as creams.

Geographically, the global Isoparaffin Market was dominated by North America by generating revenues worth USD 41.59 Mn in 2019. This dominance is majorly attributed to increasing adoption of high end cosmetics in countries such as the U.S. and Canada. World’s largest cosmetic manufacturers are situated in the countries of North America; this reason is expected to raise the adoption of Isoparaffin. Furthermore, Europe is set to observer the second fastest growth of with a market value of USD 28.4 Mn over the forecast period.

Report Scope

Some of the leading players in the global market include

Royal Dutch Shell Chemicals, ExxonMobil Chemical, Idemitsu Kosan Co. Ltd., RB Products, Braskem, Chevron Phillips Chemical Company, Total S.A., Mehta Petro Refineries Limited, Maruzen Petrochemical CO., LTD, and others.

This report segments the Isoparaffin Market as follows:

By Type Segmentation Analysis

• C10 Isoparaffin
• C11 Isoparaffin
• C12 Isoparaffin
• C13 Isoparaffin
• C14 Isoparaffin

By Application Segmentation Analysis

• Cosmetics and Personal Care
• Inks, Paints & Coatings
• Petroleum
• Cleaning
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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