Published by Coherent Market Insights
Posted on September 21, 2021
The hydrogenated polyisobutene market was valued at US$ 15.1 Mn in 2018, and is expected to reach US$ 22.8 Mn by the end of 2027, exhibiting a CAGR of 4.7% during the forecast period (2019 to 2027).
The expansion of the cosmetics industry is expected to drive growth of the hydrogenated polyisobutene market across the globe. For instance, according to Cosmetics Europe, the cosmetics consumption in Europe in 2014 was valued at US$ 80.69 billion and increased to US$ 86.48 billion in 2017.
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Drivers:
The rising demand for cosmetics & personal care products is expected to boost growth of the hydrogenated polyisobutene market across the globe. In cosmetics, hydrogenated polyisobutene helps to enhance the thickness of the lipid portion of cosmetics and personal care products. It acts as a lubricant on the surface of the skin which gives the skin a smooth and soft look. These factors are expected to drive demand for hydrogenated polyisobutene globally.
Market Trends/Key Takeaways
In the cosmetics & personal care industry, hydrogenated polyisobutene is used for manufacturing sunscreens and BB creams, among others products in addition to lipstick manufacturing. For instance, Vichy Laboratories offers a lift active eye serum formulated with hydrogenated polyisobutene. Moreover, this serum also contains rhamnose, ascorbyl glucoside, and beeswax.
Among function, the global hydrogenated polyisobutene market is segmented into emollient, viscosity increasing agent, plasticizer and others (extruders, etc.). The emollient and viscosity increasing agent segments are expected to gain traction during the forecast period owing to the use of these products in cosmetic formulations as binders and their skin conditioning properties. Therefore, the growing use of cosmetics and personal care products is expected facilitate growth of the emollient and viscosity increasing agent segments. For instance, according to the U.S. Department of Commerce, International Trade Administration (ITA), beauty and personal care (BPC) industry in India was valued at US$ 8 billion in 2016 and it is expected to exhibit a CAGR of 5-6% during 2017 and 2021.
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Company Names
Recent Developments
Elementis PLC
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Hydrogenated Polyisobutene Market is Expecting Gigantic Growth in Upcoming Years with In-depth Insights on Key players, Regions, Demands appeared first on Gatorledger.
The hydrogenated polyisobutene market was valued at US$ 15.1 Mn in 2018, and is expected to reach US$ 22.8 Mn by the end of 2027, exhibiting a CAGR of 4.7% during the forecast period (2019 to 2027).
The expansion of the cosmetics industry is expected to drive growth of the hydrogenated polyisobutene market across the globe. For instance, according to Cosmetics Europe, the cosmetics consumption in Europe in 2014 was valued at US$ 80.69 billion and increased to US$ 86.48 billion in 2017.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3297
Drivers:
The rising demand for cosmetics & personal care products is expected to boost growth of the hydrogenated polyisobutene market across the globe. In cosmetics, hydrogenated polyisobutene helps to enhance the thickness of the lipid portion of cosmetics and personal care products. It acts as a lubricant on the surface of the skin which gives the skin a smooth and soft look. These factors are expected to drive demand for hydrogenated polyisobutene globally.
Market Trends/Key Takeaways
In the cosmetics & personal care industry, hydrogenated polyisobutene is used for manufacturing sunscreens and BB creams, among others products in addition to lipstick manufacturing. For instance, Vichy Laboratories offers a lift active eye serum formulated with hydrogenated polyisobutene. Moreover, this serum also contains rhamnose, ascorbyl glucoside, and beeswax.
Among function, the global hydrogenated polyisobutene market is segmented into emollient, viscosity increasing agent, plasticizer and others (extruders, etc.). The emollient and viscosity increasing agent segments are expected to gain traction during the forecast period owing to the use of these products in cosmetic formulations as binders and their skin conditioning properties. Therefore, the growing use of cosmetics and personal care products is expected facilitate growth of the emollient and viscosity increasing agent segments. For instance, according to the U.S. Department of Commerce, International Trade Administration (ITA), beauty and personal care (BPC) industry in India was valued at US$ 8 billion in 2016 and it is expected to exhibit a CAGR of 5-6% during 2017 and 2021.
Request a Discount for this Report: https://www.coherentmarketinsights.com/insight/request-discount/3297
Company Names
Recent Developments
Elementis PLC
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Hydrogenated Polyisobutene Market is Expecting Gigantic Growth in Upcoming Years with In-depth Insights on Key players, Regions, Demands appeared first on Gatorledger.
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