Cosmetic Isoparaffins Market

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COSMETIC ISOPARAFFINS MARKET ANALYSIS

• Cosmetic Isoparaffins Market, 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) - Size, Share,
  Outlook, and Opportunity Analysis, 2020 - 2027

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Isoparaffins are primarily used as solvents in
the cosmetic industry. It is also used as skin
conditioning agents and viscosity decreasing
agents. The global cosmetic isoparaffins market
is projected to surpass US 95.1 million by the
end of 2027 in terms of value, exhibiting a CAGR
of 4.7 during the forecast period (2020 to
2027). Drivers Cosmetic isoparaffins are used in
mascara, lip care products, antiperspirants,
deodorants, sun care products, manicuring
preparations, skin care, and hair care products.
Changing standards of living and rising awareness
regarding personal grooming products are leading
to increasing consumer base for makeup products.
Increasing consumption of color cosmetic
products, owing to rising disposable income of
population results in increasing demand for
cosmetic isoparaffins, globally. 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 increased to US 15,742.81
billion in November 2018.  Among regions, Europe
held dominant position in the global cosmetic
isoparaffins market in 2019, reporting 34 market
share in terms of value, followed by North
America, among others.
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Figure 1. Global Cosmetic Isoparaffins Market
Revenue Share (), By Region, 2019
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Market Restraints

• Isoparaffins are considered safe for use in
  cosmetic and personal care products. However, all
  cosmetic ingredients including isoparaffins are
  regulated by government regulations by the U.S.
  Food and Drug Administration, European
  Commission, China Food Drug Administration
  (CFDA), and others. In Europe, the use of
  isoparaffins in cosmetics should follow general
  provisions of the cosmetic regulations of the
  European Union such as Regulation (EC) N
  1223/2009 and Directive 76/768/EEC.

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Market Trends

• Manufacturers are offering innovative products to
  gain competitive advantage in the global cosmetic
  isoparaffins market. For instance, Royal Dutch
  Shell PLC offers Shell GTL solvents using
  gas-to-liquid technology with low aromatics
  content and odor, and enhance various properties
  in cosmetic formulations. Shell GTL solvents such
  as GS190 (C10-13 Isoparaffin), GS215 (C12-15
  Isoparaffin), GS250 (C14-16 Isoparaffin), GS270
  (C15-19 Isoparaffin), and GS310 (C18-24
  Isoparaffin) can be used as solvent in eyeshadow,
  eye liner, mascara, foundation, skin care
  products, and hair care products.

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Figure 2. Global Cosmetic Isoparaffins Market
Revenue Share (), By End Use, 2019
On the basis of end use, the cosmetic
isoparaffins market is segmented into hair care,
skin care, lip care, antiperspirants
deodorants, sun care, color cosmetics, and
others. In 2019, the color cosmetics segment
accounted for 38 of the value share.
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Global Cosmetic Isoparaffins Market - Impact of
Coronavirus (Covid-19) Pandemic

• The coronavirus (COVID-19) pandemic has resulted
  in increased sales of personal hygiene and
  cleansing products such as skin care products.
  According to L'Oréal S.A.s quarterly report
  published in April 2020, brands such as Kiehls,
  Lancôme, and Helena Rubinstein, which have a
  large proportion of skincare products,
  outperformed the companys other luxury brands in
  the first quarter of 2020. Thus, the skin care
  segment including commodity brands and brands
  focusing on personal hygiene and cleansing are
  expected to drive demand for cosmetic
  isoparaffins.

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Competitive Section

• Key players operating in the global cosmetic
  isoparaffins market include Croda International
  Plc., INEOS Group Limited, Elementis PLC, The
  Innovation Company, Rita Corporation, Lanxess AG,
  Presperse Corporation, and Nihon Koken Kogyo Co.,
  Ltd.

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