The global cosmetic isoparaffins market was valued at US$ 68.7 million in 2019, according to the Global Cosmetic Isoparaffins Market Report, by Product Type (Isododecane, Isohexadecane, Isoeicosane, and Others), by End Use (Hair Care, Skin Care, Lip Care, Antiperspirants & Deodorants, Sun Care, Color Cosmetics, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global cosmetic isoparaffins market is expected to surpass US$ 95.1 million by 2027, exhibiting a CAGR of 4.7% during the forecast period (2020-2027). Isoparaffins are primarily used as solvents in the cosmetic industry. It is also used as skin conditioning agents and viscosity decreasing agents. Thus, different applications of isoparaffins in the cosmetic industry is driving growth of the cosmetic isoparaffins market, globally.
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Browse 40 market data tables* and 20 figures* on "Cosmetic Isoparaffins Market” - Global forecast to 2027.
Key Trends and Analysis of the Cosmetic isoparaffins Market:
Europe held dominant position in the global cosmetic isoparaffins market in 2019, reporting 34% market share in terms of value. Cosmetic isoparaffins are extensively used in color cosmetics in the region. According to a report titled ‘Cosmetics Europe- the personal care association‘, in 2016, Europe was the leading producer of personal care and cosmetic products and accounted for revenue of US$ 87.38 billion (out of the total US$ 295.05 billion) in the global cosmetics and personal care market. Furthermore, as per the same source, in 2018, France and Germany were dominant in the Europe cosmetics and personal care industry with a revenue of US$ 15.46 billion and US$ 12.77 billion, respectively. This increase in manufacturing activities of cosmetics is expected to drive demand for cosmetic isoparaffins in the region.
Key Takeaways of the Market:
Global Cosmetic Isoparaffins Market - Impact of Coronavirus (Covid-19) Pandemic