Global Isoparaffin Market Will Surge to USD 152.81Mn by 2026

Findings from Facts and Factors report "Isoparaffin Market By Type (C10 Isoparaffin, C11 Isoparaffin, C12 Isoparaffin, C13 Isoparaffin and C14 Isoparaffin) and by Application (Cosmetics and Personal Care, Inks, Paints & Coatings, Petroleum, Cleaning and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019-2026" states that 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 152.81Mn by 2026.

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Isoparaffin is branched-chain isomer hydrogen solvents of an alkane. There are various types of isomers used across different applications. Generally, Isoparaffin is used for treatment, prevention, control of dry skin conditions, skincare products. In addition, Isoparaffin is also used for metal cleaning, painting products, fragrances, and others. Isoparaffin has various characteristics of density, color, and temperatures, this makes Isoparaffin highly adaptable in cosmetics and personal care products. Isoparaffin is regulated by several safety norms that include specifications in boiling point, Ultraviolet absorbance, Nonvolatile residual among others. This makes Isoparaffin safe to use across the cosmetic and personal care industry.

Isoparaffin provides several benefits to manufacturers such as proper viscosity, low pour point among others, this aspect is anticipated to grow global demand for the Isoparaffin market. Cosmetics and personal care industry is the major end-use industry and the global industry is driven by the increasing consumer's awareness about personal grooming and health consciousness. Along with the millennial population, consumers from aged population are increasingly spending on personal care products. Skincare products such as moisturizers and face washes are accounting to the overall consumption of skincare products. Additionally, Haircare products such as hair conditioners and hair colors are widely used products across different regions. This is expected to increase global demand or Isoparaffin.

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Furthermore, the manufacturers operating in the Isoparaffin market are focused on improving Isoparaffin's performance by introducing safe, low odor and other features. Emerging countries such as India, China, and others are expected to be the key areas of investment regions for Isoparaffin.

By type, the market is divided into C10 Isoparaffin, C11 Isoparaffin, C12 Isoparaffin, C13 Isoparaffin, and C14 Isoparaffin.C10type accounted for the largest market share of 34% in the year 2019 owing to adoption of C10 largely in the cosmetics industry. The global C11 type contributed USD 33.9 Mn in 2019 accounting to second largest segment of the Isoparaffin market. Furthermore, the application segment is led by the cosmetic and personal care segment contributing to USD 36.28 Mn in 2019. Most of the Isoparaffin subjected to safety assessment are used as solvents in cosmetics, and these ingredients are also used as creams.

Geographically, the global Isoparaffin market was dominated by North America by generating revenues worth USD 41.59 Mn in 2019. This dominance is majorly attributed to the increasing adoption of high-end cosmetics in countries such as the U.S. and Canada. World's largest cosmetic manufacturers are situated in the countries of North America; this reason is expected to raise the adoption of Isoparaffin. Furthermore, Europe is set to observe the second-fastest growth with a market value of USD 28.4Mn over the forecast period.

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There are several key players operating in the Isoparaffin Market around the globe some of them include Royal Dutch Shell Chemicals, ExxonMobil Chemical, Idemitsu Kosan Co. Ltd., RB Products, Braskem, Chevron Phillips Chemical Company, Total S.A., Mehta Petro Refineries Limited, Maruzen Petrochemical CO., LTD, and others.

This report segments the Isoparaffin Market as follows:

Global Isoparaffin Market: By TypeSegmentation Analysis

C10 Isoparaffin
C11 Isoparaffin
C12 Isoparaffin
C13 Isoparaffin
C14 Isoparaffin

Global Isoparaffin Market: By Application Segmentation Analysis

Cosmetics and Personal Care
Inks, Paints & Coatings
Petroleum
Cleaning
Others

Global Isoparaffin Market: Regional Segment Analysis

North America
The U.S.
Canada
Mexico
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

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