The Global Solvent Grade Isododecane Market Size is valued at 119.92 million in 2022 and is predicted to reach 243.42 million by the year 2031 at a 8.33% CAGR during the forecast period for 2023-2031.
Grade Isododecane is a liquid hydrocarbon that is transparent and odorless and is frequently used as a solvent in various sectors, including the cosmetic, personal care, and pharmaceutical industries. It is a highly flammable liquid with outstanding solvency characteristics, entirely free of contaminants and water. Additionally, the market is anticipated that the isododecane market will expand, largely due to increased research and development into therapeutic vaccines.
Isododecane will be in high demand due to the development of illness diagnostic techniques and continuous research into combination medicines. Isododecane is widely used in personal care products that cater to the preferences for beauty and appearance across various age groups, which has drawn small businesses to engage in its production.
Moreover, the demand for skincare products is anticipated to increase due to the widespread use of substances like isododecane in cosmeceutical products, which provide a light, non-greasy sensation and help prevent skin water evaporation. However, the negative effects connected to isododecane consumption might limit its economic development. Its inclusion in cosmetic products may cause allergic responses, including skin redness, rashes, acne outbreaks, itching, or a burning feeling. The market for isododecane may face difficulties due to these negative impacts.
Recent Developments:
- In September 2021-Global Bioenergies made a significant achievement by introducing the FIRST home-grown makeup brand called LAST. This brand stands out as it offers bio-based isododecane, making it the world's pioneer in providing products with over 90% natural ingredients.
Competitive Landscape:
Solvent Grade Isododecane market Players are:
- Croda International Plc.
- INEOS Group Limited
- Elementis PLC
- The Innovation Company
- Rita Corporation
- Lanxess AG
- Presperse Corporation
Market Segmentation:
The solvent-grade isododecane market is segmented based on application and type. Based on application, the solvent-grade isododecane market is segmented as cosmetics and personal care, paints and coatings and others. The solvent-grade isododecane market is segmented by type into normal and high-purity isomers.
Based On Application, The Cosmetic & Personal Care Segment Is A Major Contributor To The Solvent Grade Isododecane Market
The cosmetic & personal care category will hold a major share of the global Solvent Grade Isododecane market 2022. Isododecane improves formulations' textures, allowing them to glide over the skin without pulling or catching. This quality is very useful for formulations of lipstick or eyeliner. Isododecane has become a popular ingredient for small producers due to the increased use of personal care products aimed at look and beauty among all age groups.
Demand for isododecane is expected to increase as it is used more frequently in skincare products, particularly cosmeceuticals. This component helps the skin maintain moisture by preventing water from escaping and providing a lightweight, non-greasy sensation. Isododecane performs well in hair products since the hair is not weighed down by it. Throughout the anticipated period, its ultra-light touch is anticipated to support the rising demand in the cosmetics sector.
The High-Purity Isomer Segment Witnessed Growth At A Rapid Rate
The high-purity isomer segment is projected to grow rapidly in the global Solvent Grade Isododecane market. The segment's revenue is increasing due to rising demand from the cosmetics sector. There are many benefits to producing cosmetics with high-purity isomer solvent-grade isododecane.
The first rising advantage is that it provides a reliable and consistent ingredient that may be added to formulations to achieve desired performance characteristics. Additionally, it has low toxicity and is easily biodegradable, making it a good replacement for other solvents that can negatively affect the environment.
The North American Solvent Grade Isododecane Market Holds A Significant Regional Revenue Share
The North America Solvent, Grade Isododecane market is projected to register the tremendous market share in revenue soon. North America's industries and markets for this specific type of isododecane solvent. The demand for solvent-grade isododecane from the cosmetics industry, which is a significant component of numerous beauty and skincare products, is one aspect that affects the market in the American area.
There is a consistent demand for solvent-grade iso-dodecane in the American market due to the sizeable presence of cosmetic and personal care companies. In addition, Asia Pacific is projected to grow rapidly in the global Solvent Grade Isododecane market. Due to the rising demand for solvents with high levels of biodegradability and low toxicity, the market is additionally impacted by regulatory factors and environmental concerns. Isododecane offers an appealing substitute to other solvents that might negatively affect the environment due to its low toxicity and quick biodegradability.
Solvent Grade Isododecane Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 119.92 Mn |
|
Revenue Forecast In 2031 |
USD 243.42 Mn |
|
Growth Rate CAGR |
CAGR of 8.33 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
Application, Type |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Croda International Plc., INEOS Group Limited, Elementis PLC, The Innovation Company, Rita Corporation, Lanxess AG Presperse Corporation. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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