The 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 of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Isohexadecane is an emollient and moisturizing agent used in cosmetics and personal care products. It provides a smooth, silky texture to products and acts as an excellent moisturizer by helping retain moisture in the skin. Isohexadecane provides a wide range of benefits such as non-greasy feel, skin compatibility, and stability in formulations. These advantages have increased its demand in various personal care and cosmetic products.

Market key trends:
The growing personal care and cosmetic industry is one of the key factors driving the growth of the isohexadecane market. Personal care products such as facial creams, lotions, and hair care products containing isohexadecane as a major ingredient are gaining widespread popularity. Isohexadecane provides improved spreadability, skin feel, and performance to these products without obstructing the functionality of other ingredients. Furthermore, rising consumer awareness about skincare regimes and increase in disposable income in developing nations are also fueling the demand for premium personal care and cosmetic products incorporating isohexadecane.

Porter’s Analysis
Threat of new entrants: New entrants face high initial costs of setting up manufacturing units which act as a barrier. Bargaining power of buyers: Buyers have moderate to low bargaining power as isohexadecane has limited substitutes and switching costs are high. Bargaining power of suppliers: Suppliers have moderate bargaining power as raw materials for isohexadecane production face competition. Threat of new substitutes: Emergence of new substitute poses low threat due to isohexadecane's unique properties. Competitive rivalry: Intense competition exists among existing players to gain market share.

SWOT Analysis
Strength: Isohexadecane is odorless, colorless and provides emolliency. Weakness: High production costs and availability of substitutes. Opportunity: Growing personal care industry and expansion into new application areas. Threats: Stringent regulations regarding production of isohexadecane and fluctuations in raw material prices.

Key Takeaways
The Global Isohexadecane Market Size is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period, due to increasing demand for emollient-based personal care products. North America dominates the isohexadecane market currently and is expected to continue its dominance owing to extensive personal care and cosmetics industry. The Asia Pacific region is projected to be the fastest growing market for isohexadecane due to rising disposable incomes and growing consumer awareness.

Key players operating in the isohexadecane market are R.I.T.A, Elementis, Presperse (Sumitomo Corporation), The Innovation Company, Croda, Vantage Specialty Ingredients, Lanxess. R.I.T.A and Croda are major producers of isohexadecane worldwide. Elementis and Vantage Specialty Ingredients provide isohexadecane to personal care formulation companies.

Read more: https://makuv.com/beauty-ingredients-is-fastest-growing-segment-fueling-the-growth-of-isohexadecane-market/