Market Overview:
Hydrogenated Polyisobutene is a synthetic hydrocarbon oil made by the addition of hydrogen to a polyisobutene base. It has good viscosity and temperature properties needed for lubrication. Hydrogenated Polyisobutene is used as a viscosity modifier, emollient and lubricant in cosmetics, personal care and automotive lubricant products. It provides conditioning and fluidity without leaving a greasy residue. Due to its excellent lubricity and slip properties, Hydrogenated Polyisobutene is commonly used in lipsticks, creams, lotions and other skin and hair care formulations.
Market key trends:
One of the key trends in the Hydrogenated Polyisobutene market is growing demand from rapidly expanding automotive industry. With rising vehicle ownership worldwide, automotive lubricant consumption is increasing steadily. Hydrogenated Polyisobutene is used extensively in engine oils, greases and other automotive lubricants due to its superb shear stability and performance over a wide temperature range. In addition, it imparts desirable properties like enhanced viscosity and protection against rust and corrosion. Continued urbanization and economic growth in developing countries are fueling automotive sales, which is projected to positively influence the adoption of Hydrogenated Polyisobutene over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the hydrogenated polyisobutene market is low due to wellestablished key players in the market and high capital requirement for setting up a manufacturing facility.
Bargaining power of buyers: The bargaining power of buyers is moderate as the industry has a large number of buyers and buyers can easily switch between suppliers depending on price and quality.
Bargaining power of suppliers: The bargaining power of suppliers is high as raw material suppliers play a vital role and there are few raw material suppliers for hydrogenated polyisobutene.
Threat of new substitutes: The threat of substitutes is low as there are limited substitutes available for hydrogenated polyisobutene in its applications.
Competitive rivalry: The competitive rivalry in the market is high due to presence of well-established players.
Key Takeaways
The Global Hydrogenated Polyisobutene Market Share is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing demand from personal care industry.
Regional analysis
North America is expected to dominate the global hydrogenated polyisobutene market over the forecast period. The USaccounts for the major share in the North America region due to presence of key players and growing personal care industry in the country. Europe is also expected to exhibit a significant growth due to increasing demand for skin care and hair care products in UK, Germany, France and Italy.
Key players analysis
Key players operating in the hydrogenated polyisobutene market are A&E Connock, BASF SE, Elementis PLC, Glenn Corporation, Henan Tianfu Chemical Co. ltd, INEOS Oligomers, NOF America Corporation, Sensient Cosmetic Technologies, SOPHIM, The Innovation Company, and UPI Chem.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
