Hydrogenated Polyisobutene Market, By Product Type (Emollient, Viscosity Increasing Agent, Plasticizer, and Others (Extruders, etc.)), By End-use Industry (Cosmetics & Personal Care, Adhesives, Rubber, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI3297

Pages :150

Formats :

Excel and PDF

Industry : Cosmetic Ingredients

Market Challenge - Stringent regulations regarding VOC emissions

There have been stringent regulations imposed by various environmental agencies across major markets regarding VOC emissions. As per data by European Environment Agency's air pollutant emission inventory report released in 2022, over 250 industrial plants manufacturing chemicals and petrochemicals like hydrogenated polyisobutene spent an average of 35% of their annual capital expenditure only on deploying the latest air pollution treatment systems from 2020-2022.

Market Opportunity - Potential in bio-based hydrogenated polyisobutene for market

Bio-based chemicals are increasingly gaining prominence driven by sustainability trends. The potential for bio-based hydrogenated polyisobutene to capture market opportunities is highly promising. With rising environmental consciousness among consumers and industries, a switch to renewable feedstock-based varieties allow manufacturers to position themselves advantageously in the market. For example, in September 2020, Unilever pledged to cut its fossil fuel dependence and ensure all its cleaning products are biodegradable by 2030, according to the company’s recent sustainability report released in 2020.