The global hydrogenated polyisobutene market was valued at US$ 15.1 million in 2018, according to Hydrogenated Polyisobutene Market Report, by Function (Emollient, Viscosity Increasing Agent, Plasticizer and Others (Extruders, etc.)), by End-use Industry (Cosmetics & Personal Care (Skin Care (Inc. Lipstick), Hair Care, Eye Care, Nail Care and Others (Sun Care, Baby Care, etc.)), Adhesives, Rubber and Others (Textiles Lubricants, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East and Africa), published by Coherent Market Insights.

The global hydrogenated polyisobutene market is expected to reach US$ 22.8 million by 2027, exhibiting a CAGR of 4.7% during the forecast period (2019-2027). The market for hydrogenated polyisobutene is majorly driven by the various benefits such as low toxicity of hydrogenated polyisobutene coupled with an increasing number of regulatory approvals. There are many products in the cosmetics industry that use hydrogenated polyisobutene as part of their formulations. For instance, a moisturizer named Nuance by Salma Hayek Tinted Moisturizer contains hydrogenated polyisobutene in addition to sodium hyaluronate, glycerin, tocopherol, lecithin, and titanium dioxide. Aqualia Thermal Dynamic Hydration Rich Cream, by Vichy Laboratories also contains hydrogenated polyisobutene. This cream is designed to hydrate the skin, reduce wrinkles, and improve the general health of the skin. These factors are expected to drive the growth of the global hydrogenated polyisobutene market during the forecast period.

However, hydrogenated polyisobutene has a few potential side effects which can harm the human body such as skin irritation and inflammation. These factors are expected to hamper growth of the global hydrogenated polyisobutene market during the forecast period.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/hydrogenated-polyisobutene-market-3297

Browse 40 market data tables* and 20 figures* on "Hydrogenated Polyisobutene Market” - Global forecast to 2027.

Key Trends and Analysis of the Hydrogenated Polyisobutene Market:

  • North America is expected to account for a significant market share in 2018 owing to the increasing purchasing power of consumers in the region. This is also expected to drive demand for cosmetics and personal care products, and thereby favor the market growth. According to Trading Economics Statistics on United States Disposable Personal Income, the disposable personal income in the U.S. averaged US$ 5,200.2 billion in 1959, which reached an all-time high of US$ 15,742.81 billion in November 2018. Thus, increase in personal income, shifting customer preference towards high end products such as sunscreens and lipsticks, etc. is driving growth of the hydrogenated polyisobutene market in the region.
  • Asia Pacific is also expected to exhibit significant growth rate during the forecast period (2019-2027) owing to the booming cosmetics & personal care industry in the region. Moreover, in a study by the International Trade Administration (ITA), in 2014, per capita spending on cosmetic products in Japan was reported at US$ 174. Thus, high per capita spending on personal care and cosmetic products is contributing to the growth of the hydrogenated polyisobutene market.

Key Takeaways of the Market:

  • The global hydrogenated polyisobutene market is expected to witness significant growth during the forecast period owing to the increasing demand from the cosmetics & personal care industry. For instance, hydrogenated polyisobutene is widely used in the manufacture of lipsticks, lip balms, creams, moisturizers, etc.
  • Furthermore, according to the International Agency for Research on Cancer (IARC) and the U.S. National Toxicology Program (NTP), no component of hydrogenated polyisobutene at levels greater than 0.1% is identified as a carcinogen.
  • Major players operating in the global hydrogenated polyisobutene market are A&E Connock, BASF SE, Croda International plc., Elementis PLC, Glenn Corporation, Henan Tianfu Chemical Co. ltd, INEOS Oligomers, NOF America Corporation, Sensient Cosmetic Technologies, SOPHIM, The Innovation Company, and UPI Chem.
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