The global Isohexadecane Market is estimated to be valued at US$ 201.14 Mn or Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Isohexadecane is a clear, colorless and odorless liquid widely used as an emollient and conditioning agent in skin care and hair care products. It provides a lightweight and non-greasy feel along with moisturization to the skin and hair. Market key trends: The rising demand for multifunctional personal care ingredients across the beauty and cosmetics industry is a key trend fueling the isohexadecane market growth. Isohexadecane acts as an excellent emollient and spreads easily providing a silky feel without greasiness. It also helps improve the delivery of other active ingredients. Its high spreading coefficient and low viscosity coupled with neutral odor makes it suitable for multipurpose formulations. Segment Analysis The global isohexadecane market is segmented by product type, sales channel, and end use industry. By product type, the isotridecyl isononanoate segment held the largest market share in 2022 owing to its wide application in skin care and hair care products. It is economical as compared to other isohexadecane derivatives and effectively moisturizes the skin without leaving a greasy feel. Key Takeaways The Global Isohexadecane Market Size is expected to witness high growth, exhibiting a CAGR of 7.6% over the forecast period, due to increasing demand for innovative personal care and cosmetic products. Regional analysis Regionally, North America dominated the global isohexadecane market in 2022 and is expected to remain the largest market during the forecast period. This is attributed to the rising per capita spending on personal care products and increased focus on appearance by the population in the US and Canada. Asia Pacific is projected to be the fastest-growing market for isohexadecane during the forecast period, owing to growing cosmetic industries and rising disposable income in countries such as China and India. Key players 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. is one of the leading manufacturers of isohexadecane globally, offering a wide range of isohexadecane derivatives for personal care applications. Elementis is also a prominent player with capabilities to develop specialized isohexadecane products as per customer requirements. The global isohexadecane market size was valued at US$ 201.14 Mn in 2023 and is projected to reach US$ 296.42 Mn by 2030, registering a CAGR of 7.6% during the forecast period. Read more: https://www.ukwebwire.com/isohexadecane-market-insights-trends/
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