Stearic Acid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Stearic acid is basically a waxy solid saturated fatty acid occurring in palm kernel oil, coconut oil, in the milk of several mammals, and in some other animal fats. Commercial stearic acid is a mixture of approximately equal amounts of stearic as well as palmitic acids and small amounts of oleic acid. It is mainly utilized in the manufacturing of detergents, cosmetics including shampoos and shaving products, and soaps. Esters of stearic acid coupled with ethylene glycol & glycol distearate are majorly utilized to develop the pearly effect in cosmetic products, shampoos, and soaps, among others. In addition to that, detergents are prepared from quaternary alkylammonium derivatives of stearic acid. Stearic acid is further utilized in lubricants, release agents, and also softening agents. For instance, lithium stearate is a prime component of grease. It is also utilized as a softening agent in castor oil for textile sizing. Stearte salts, including calcium, cadmium, lead, and zinc, among others, are used for softening PVC and as release agents in the production of automobile tires.

MARKET DYNAMICS

The stearic acid market has witnessed a significant growth owing to factors such as wider application in cosmetics, soaps & detergents, rubber processing, lubricants, textile sizing, pharmaceuticals, and others for various end-use industries, such as household & personal care, rubber, automotive, textile, healthcare, agriculture, and others. The demand for stearic acid has been experienced a steady rise in the past few years, and this trend is anticipated to continue in the upcoming years as well. The major reason for this is the wide range of application products that can be produced from stearic acid. The application products of stearic acid include detergents, lubricants, cleaners, hardener for candies, and production of plasticizer alcohols, among others. Major factors driving the market studied are the increasing need for personal care products and the rising application in lead-acid batteries. However, fluctuating prices of raw materials used to prepare stearic acid may hamper the growth of the stearic acid market. Nevertheless, with the steady growth in the food processing industry and cosmetics industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Stearic Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the stearic acid market with detailed market segmentation by raw material, application, end-use, and geography. The global stearic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading stearic acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global strearic acid market is segmented on the basis of raw material, application, and end-use. On the basis of raw material, the stearic acid market is segmented into plant based and animal based. The stearic acid market on the basis of the application is classified into cosmetics, soaps & detergents, rubber processing, lubricants, textile sizing, pharmaceuticals, and others. On the basis of end-use, global stearic acid market is bifurcated into household & personal care, rubber, automotive, textile, healthcare, agriculture, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global stearic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The stearic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the stearic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the stearic acid market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global stearic acid market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from strearic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for stearic acid in the global market. Below mentioned is the list of few companies engaged in the stearic acid market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the stearic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BASF SE
  
•   Bramble Berry Inc.
  
•   Cayman Chemical
  
•   Godrej Industries Limited
  
•   Kao Corporation
  
•   Kerax Limited
  
•   Pacific Oleochemicals SDN BHD
  
•   Procter & Gamble Co
  
•   The Chemical Company (TCC)
  
•   Wilmar International Limited
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Stearic Acid Report Scope