Isoparaffin Market Will Surpass USD 152.81 Mn by 2026
According to the report, The global Isoparaffin Market in 2019 is approximately USD 117.75 Mn and the volume is estimated to account for 120.1 thousand MT . The market is expected to grow at a CAGR of 3.6% and is anticipated to reach around USD 152.81 Mn by 2026.
Isoparaffin are branched chain isomer hydrogen solvents of an alkane. There are various types of isomers used across different applications. Generally, Isoparaffin are used for treatment, prevention, control of dry skin conditions, skin care products. In addition Isoparaffin are also used for metal cleaning, painting products, fragrances and others. Isoparaffin have various characteristics of density, color and temperatures, this makes Isoparaffin highly adoptable in cosmetics and personal care products. Isoparaffin are regulated by several safety norms that include specifications in boiling point, Ultraviolet absorbance, Nonvolatile residual among others. This makes Isoparaffin safe to use across cosmetic and personal care industry.
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There are specific rules and regulations concerning the quality and concentration of Isoparaffin to be used in cosmetics and personal care products. Large scale manufacturers across the globe adhere to these set of regulations to produce Isoparaffin and reach to wide market across the map. This is expected to be one of the primary reasons for the growth of Isoparaffin Market globally. In addition, the Isoparaffin market is expected gain demand with increasing applications of Isoparaffin across various industry verticals.
The Isoparaffin Market is categorized into by type, and by application. The type segment is further divided into C10 Isoparaffin, C11 Isoparaffin, C12 Isoparaffin, C13 Isoparaffin, and C14 Isoparaffin. By Application the market is divided as Cosmetics and Personal Care, Inks, Paints & Coatings, Petroleum, Cleaning, and Other.
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Some of the key players operating in the Isoparaffin Market around the globe include ExxonMobil Chemical, Royal Dutch Shell Chemicals, Idemitsu Kosan Co. Ltd., RB Products, Braskem, Chevron Phillips Chemical Company, Total S.A., Mehta Petro Refineries Limited, Maruzen Petrochemical CO., LTD, and others.
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