Press release
U.S. Iodopropynyl Butylcarbamate Market Expand At The Fastest CAGR Of 5.4% During The Forecast Period 2022-2032
In recent times, the cosmetics industry has been widely utilizing IPBC as a fungicide and biocide to prevent unwanted fungi and bacteria in cosmetic formulations. IPBC is also added in polymer packaging formulations while manufacturing to enhance food grade polymer packaging solutions.
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Rising awareness of consumers in context to antifungal paint has opened a path for paint and coating manufacturers to utilize IPBC on a large scale. The ability of IPBC to be effective at low concentrations had gained attention, whereas, changing lifestyle of consumers with preference toward antifungal personal care products such as wipes is expected to bolster consumption further.
Key Takeaways from Market Study
U.S. demand for iodopropynyl butylcarbamate is forecasted to reach a value of US$ 78,742.8 Th by the end of 2032.
Southeast U.S. is anticipated to remain one of the key markets in the country accounting for around 28.7% market share in 2022.
By end-use industry, personal care & cosmetics is anticipated to witness a CAGR of 5.4% over the decade.
The cosmetic ingredients segment is anticipated to remain a key end user, and the sector is anticipated to account for more than 9.4% market share in 2022.
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"Extraordinary growth in end-use industries such as personal care and cosmetics is anticipated to drive demand for iodopropynyl butylcarbamate across the U.S.," says a Persistence Market Research analyst.
Competitive Landscape
The U.S iodopropynyl butylcarbamate market is a fairly consolidated space. Some of the key market players included in the report are Fengchen Group Company Limited, Lonza, Troy Corporation, Vortex Products Limited, Thor Personal Care, and others. Key market participants are expected to maintain a competitive environment worldwide.
Prominent market players are engaged in the research & development of new and innovative product solutions to meet consumer demand. Key participants are also engaged in developing strategic collaborations for the continuous supply of raw materials.
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