The hydrogenated polyisobutene market is driven by its extensive use in the cosmetics and personal care industry due to its superior emollient properties. It is also used in the pharmaceutical and lubricant industries. The growing demand for cosmetic products such as lipsticks, foundations, and sunscreen lotions is expected to fuel the growth of the hydrogenated polyisobutene market. Additionally, the increasing focus on personal grooming and skincare, along with the rise in disposable income, is expected to boost the demand for hydrogenated polyisobutene in emerging economies. However, the market may face challenges due to fluctuations in crude oil prices, which affect the cost of raw materials. The availability of substitutes such as squalane and squalene may also pose a threat to market growth.
Global Hydrogenated Polyisobutene Market was valued at US$ 17.33 Mn Million in 2021 in terms of revenue, exhibiting a CAGR of 4.75% during the forecast period (2022 to 2030).
Key Competitors in the Hydrogenated Polyisobutene Industry:
1. A&E Connock
A&E Connock is a UK-based company founded in 1970, headquartered in London. It specializes in the production of personal care and cosmetic ingredients. The company operates in several countries including the United Kingdom, the United States, and China.
2. BASF SE
BASF SE is a German chemical company founded in 1865, headquartered in Ludwigshafen. It is one of the largest chemical companies in the world and produces a wide range of products, including chemicals, plastics, and performance products. The company operates in more than 80 countries worldwide. In September 2021, BASF announced that it has launched a new high-performance polyamide under the brand name Ultramid Advanced N. The new polyamide is designed to meet the growing demand for lightweight, high-strength materials in the automotive and aerospace industries.
3. Elementis PLC
Elementis PLC is a UK-based specialty Chemicals Company founded in 1844, headquartered in London. It produces a range of products including personal care and industrial applications. The company operates in more than 30 countries worldwide. In March, 2023 Elementis, a leading supplier of rheology modifiers and active ingredients for personal care, will be launching two new sustainable ingredients at in-cosmetics global in Barcelona 28th March through 30th March.
4. Glenn Corporation
Glenn Corporation is a US-based company founded in 1979, headquartered in Lombard, Illinois. It specializes in the distribution of specialty chemicals for the personal care, food, and pharmaceutical industries. The company operates in several countries including the United States, Canada, and Mexico. Glenn Corporation and Solvay are proud to announce the signing of an exclusive distribution agreement and the expansion of the selling territory in the Midwest US.
5. Henan Tianfu Chemical Co. Ltd
Henan Tianfu Chemical Co. Ltd is a Chinese chemical company founded in 2006, headquartered in Zhengzhou, China. It specializes in the production of fine chemicals and pharmaceutical intermediates. The company operates in several countries including China, the United States, and Europe.
6. INEOS Oligomers
INEOS Oligomers is a UK-based company founded in 2005, headquartered in London. It produces a range of chemicals, including synthetic oils and resins. The company operates in several countries including the United Kingdom, Germany, and the United States. In June, 2022 INEOS Oligomers has announced a phased 50% expansion of its LaPorte, Texas, High Viscosity (HV) PAO unit, fully effective by mid-2025.
7. NOF America Corporation
NOF America Corporation is a US-based subsidiary of the Japanese NOF Corporation, founded in 1939, headquartered in Tokyo. It specializes in the production of specialty chemicals, including personal care ingredients. The company operates in several countries including the United States, Canada, and Japan.
8. Sensient Cosmetic Technologies
Sensient Cosmetic Technologies is a French-based company founded in 1978, headquartered in Saint-Ouen. It produces a range of cosmetic ingredients, including colors and fragrances. The company operates in several countries including France, the United States, and China.
9. SOPHIM
SOPHIM is a French-based company founded in 1985, headquartered in Saint-Priest. It specializes in the production of vegetable-derived cosmetic ingredients. The company operates in several countries including France, the United States, and Brazil.
10. The Innovation Company
The Innovation Company is a Finnish-based company founded in 2003, headquartered in Espoo. It produces a range of cosmetic ingredients, including colors and functional ingredients. The company operates in several countries including Finland, the United States, and China.
11. UPI Chem
UPI Chem is a US-based company founded in 1986, headquartered in Greenville, South Carolina. It produces a range of specialty chemicals, including personal care and industrial applications. The company operates in several countries including the United States, Canada, and Mexico.
*Definition- Hydrogenated Polyisobutene is a clear, odorless, and non-toxic liquid derived from the polymerization of isobutylene. It is commonly used as an emollient in cosmetics and personal care products due to its excellent moisturizing properties.
