Impact of COVID-19 on Hydrogenated Polydecene Market : Implications on Business

Hydrogenated Polydecene Market Introduction:

  • Hydrogenated polydecene is a transparent oily liquid polymer. It is also called ‘vinyl -type copolymer.’ Hydrogenated polydecene is prepared by controlled hydrogenation of polydecene.
  • Hydrogenated polydecene is used in various applications. It is a used as fragrance ingredient. It is an oily substance; therefore, it can be used to moisturize dry skin. Hydrogenated polydecene is able to form a transparent but impermeable film over the skin or hair surface. This preserves the skin’s own moisture and does not allow the damaging stimuli to bother the skin.
  • In terms of application, the global hydrogenated polydecene market can be segmented into hair care products, skin care products, and others. The skin care products segment is expected to expand at a significant pace during the forecast period. Various manufacturers of skin care products use hydrogenated polydecene as an ingredient in product formulations, as it is easily spreadable and allows for an even and easy application of creams. Being an emollient, it also provides moisturizing benefits.

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Key Drivers of Hydrogenated Polydecene Market

  • Rise in usage of hydrogenated polydecene in skin care and cosmetic products is expected to augment the hydrogenated polydecene market during the forecast period. Hydrogenated polydecene is a hydrocarbon-based emollient, which is available in different viscosities. Hydrogenated polydecene forms a non-occlusive film on the surface of the skin and brings gloss without greasiness to the formula. It is a pure and hypoallergenic emollient that is ideal for baby care products. These factors are driving the consumption of hydrogenated polydecene in skin care and cosmetic products.
  • Rapid expansion in the personal care industry is anticipated to boost the hydrogenated polydecene market during the forecast period. Demand for face creams, sunscreens, and body lotions has been increasing across the globe due to rise in awareness about skin care and improvement in standard of living of the people. Growth in the e-commerce sector is also boosting the consumption of skin care and cosmetics products, thereby driving the market. Technological and product innovations have led to an increase in demand for skin care products

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Restraints of Hydrogenated Polydecene Market

  • Dearth of universal directives pertaining to applications of hydrogenated polydecene is likely to hamper the market in the near future. Every country has different directives and legislations pertaining to the use of hydrogenated polydecene. Companies find it difficult to comply with these country-wise directives and legislations. This can discourage investment in the hydrogenated polydecene market, thereby hampering the market.
  • Lack of awareness and low rate of adoption of hydrogenated polydecene in several developed and underdeveloped countries are also projected to restrain the market during the forecast period

COVID-19 Impact on Hydrogenated Polydecene Market

  • In the wake of the COVID-19 pandemic, the beauty & personal care (BPC) industry has witnessed a contraction across the globe. However, the impact is not as severe as that in other industries. Discretionary spending has reduced and consumer behavior has shifted toward safe and reliable products. Brick-and-mortar drugstores and mass-market and grocery stores are reopening now and their customer traffic has been increasing steadily.
  • Key players operating in the hydrogenated polydecene are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers are located across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Several of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of products. Thus, the global hydrogenated polydecene market is projected to contract in 2024 due to the COVID-19 pandemic.

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Asia Pacific to Hold Major Share of Hydrogenated Polydecene Market

  • In terms of region, the global hydrogenated polydecene market can be split into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America
  • Asia Pacific is expected to hold major share of the global during the forecast period owing to the rapidly expanding personal care industry in the region. Rise in disposable income and improvement in standard of living in various countries of Asia Pacific are boosting the demand for cosmetics & personal care products. This, in turn, is augmenting the demand for hydrogenated polydecene in the region.
  • Europe is also expected to hold vital share of the global hydrogenated polydecene market during the forecast period. Technological advancements in the region; and development and introduction of innovative creams and lotions are expected to positively impact the market in the region in the next few years. Rise in demand for anti-aging creams is also estimated to boost the hydrogenated polydecene market in Europe in the near future.
  • The market in North America is expected to expand at a fast pace during the forecast period owing to growth in consumption of skin care and personal care products and presence of well-established market players in the U.S. and Canada

Prominent Market Players Operating in Global Hydrogenated Polydecene Market

  • Major players operating in the global hydrogenated polydecene market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations.

Key players operating in the market include:

  • Ausmauco Bio
  • Chevron Phillips
  • Innovation
  • Aiglon
  • Ashland Specialty Chemical
  • Blue Sun International
  • Exsymol
  • Kothari Petrochemicals
  • Sophim
  • Univar
  • Dow Corning

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