Cosmetic Isoparaffins Market: Strengthening Demand for Effective Market

The global cosmetic isoparaffins market is expected to surpass US$ 95.1 million by 2027, exhibiting a CAGR of 4.7% during the forecast period (2020-2027). Isoparaffins are primarily used as solvents in the cosmetic industry. It is also used as skin conditioning agents and viscosity decreasing agents. Thus, different applications of isoparaffins in the cosmetic industry is driving growth of the cosmetic isoparaffins market, globally.

Key companies: 

Key companies covered as a part of this study 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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Europe held dominant position in the global cosmetic isoparaffins market in 2019, reporting 34% market share in terms of value. Cosmetic isoparaffins are extensively used in color cosmetics in the region. According to a report titled ‘Cosmetics Europe- the personal care association‘, in 2016, Europe was the leading producer of personal care and cosmetic products and accounted for revenue of US$ 87.38 billion (out of the total US$ 295.05 billion) in the global cosmetics and personal care market.

Global Cosmetic Isoparaffins Market – Impact of Coronavirus (Covid-19) Pandemic

Nationwide lockdowns and social distancing measures implemented by countries such as India, U.K., Italy, Spain, Russia, Malaysia, Singapore, and Saudi Arabia have negatively impacted demand for fragrances and color cosmetics in these countries. Sales of Kao Corporation’s cosmetics business segment decreased by 11.4% in the first quarter of 2020 compared to the first quarter of 2019. A significant decrease in sales of color cosmetics and premium cosmetics is expected to negatively impact demand for cosmetic isoparaffins used in color cosmetics products such as mascara, eyeliner, eyeshadow, foundation, and others, thereby negatively affecting the market growth.

Key features of the study:

• This report provides in-depth analysis of cosmetic isoparaffins market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cosmetic isoparaffins market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

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