BASF is now focusing on using sustainable methods of Hydrogenated Polyisobutene production. These methods include renewable resources and minimizing carbon footprints during the manufacturing process. The companies is now discovering the latest and new methods for producing Hydrogenated Polyisobutene. They are also expanding the use of this in the formnulation of Hydrogenated Polyisobutene the need high stability and low volatility. The formulation include some skin care products such as skin care, sunscreen, and hair care.
BASF is also working on expanding its presence in the emerging economies by making the product to meet the demand of local consumer’s preferences and regulatory requirements. The company is also expanding its manufacturing process by producing a range of items such as lipstick, foundation, sunscreen, and lotion.
As per the recent report published by the Coherent Market Insights, the global Hydrogenated Polyisobutene market is poised to expand at a CAGR of 5.9% between 2024 and 2031. Revenue is expected to increase from US$ 18.3 Million in 2024 to US$ 27.4 Million by 2031. Increasing usage of Hydrogenated Polyisobutene across various applications including sealants and adhesives will drive demand during the forecast period. Moreover, growth is also driven by the use of Hydrogenated Polyisobutene in various end-use industries such as personal care, cosmetics, and coatings.
North America is taking centerstage in the global Hydrogenated Polyisobutene market by 2024. The region is accounting around 35.4% shares in 2024. The market growth is being aided by growing prominence in personal care industry and cosmetic industry.
Leading players in the market are focusing on developing high-performance products by extensive research and development activities. They are also forming strategic partnership with the end-use industries.
“Increasing use in personal care industry will drive demand for Hydrogenated Polyisobutene market during the forecast period,” says lead cosmetic ingredients analyst Kalpesh Gharte. Hydrogenated Polyisobutene is widely used in cosmetic and skin care products as it is considered as a thickening agent and emollient.
Asia Pacific has emerged as a hub of Hydrogenated Polyisobutene and the growth is boosted by the growth in skincare and cosmetic industry. Growth in countries such as China and India is being aided by the growing working population, high income level, and increasing consumer spending on skin care products.
People are more concern about their skin, so they are spending more on skin care products and changing lifestyles. Consumers are shifting from traditional soap to natural and high performance skin care products. These factor will lead to fuel growth in the global Hydrogenated Polyisobutene market.
