The global Hydrogenated Polyisobutene Market is estimated to be valued at US$ 19.02 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Hydrogenated polyisobutene is used as an emollient and emulsion stabilizer in cosmetics and personal care products. It leaves a smooth feel on the skin and helps absorb oils. Due to its non-greasy properties, hydrogenated polyisobutene is widely used in formulations for moisturizers, foundations and sunscreens.

Market key trends:
One of the key trends in the hydrogenated polyisobutene market is its increasing use in skincare and hair care products. The growing personal care industry globally is driving the demand for hydrogenated polyisobutene. Manufacturers are utilizing its oil absorption and moisturizing properties to develop innovative personal care formulations. Furthermore, development of hydrogenated polyisobutene for water-resistant makeup and long-lasting sunscreens has gained attraction. Its non-irritant nature also contributes to the rising consumption.

Segment Analysis

The global hydrogenated polyisobutene market is segmented into product grade and application. Based on product grade, the market is divided into L-grade and M-grade. The M-grade segment dominates the market and the trend is expected to continue during the forecast period. M-grade polyisobutene offers better viscosity control, higher molecular weight, and improved oxidative stability compared to L-grade. Thus, it finds wide application in cosmetics, personal care products, and pharmaceuticals where product viscosity and stability play a key role. 

Key Takeaways

The Global Hydrogenated Polyisobutene Market Share is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing demand from cosmetics and personal care industries.

Regional analysis
Asia Pacific dominates the global market and is expected to maintain its lead position during the forecast period. Rapidly growing cosmetics and personal care industries in countries such as China, India, Indonesia, Thailand, and Vietnam are driving the demand for hydrogenated polyisobutene in the region.

Key players
Key players operating in the hydrogenated polyisobutene market are A&E Connock, BASF SE, Elementis PLC, Glenn Corporation, Henan Tianfu Chemical Co. ltd, INEOS Oligomers, NOF America Corporation, Sensient Cosmetic Technologies, SOPHIM, The Innovation Company, and UPI Chem. These players are focusing on new product launches and expansion in high-growth regions to gain higher market shares.

Read More:

https://perfectinsights.blogspot.com/2023/12/hydrogenated-polyisobutene-is-estimated.html