Press release
Isobutyl Stearate Market : Industry Size, Share, Growth, Forecasts 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Isobutyl Stearate" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Isobutyl stearates are stearate esters that are oily liquids or waxy solids. Isobutyl stearate is known with many chemical names such as isobutyl ester, 2-methylpropyl ester, octadecanoic acid, and Kessco IBS. Isobutyl stearate has molecular weight of 340.592 g/mol. It is an ester made of combination of isobutyl alcohol and stearic acid. Stearic acid is found in animal and vegetable fats. Low viscosity and oily nature of stearate esters helps in the formation of non-greasy hydrophobic film when applied to lips or skin. Isobutyl stearate esters are majorly used in cosmetics and personal care products. Stearate esters primarily act as lubricants on the skin surface due to their oily or waxy property. This gives skin a soft and smoothening appearance. Isobutyl stearate content when applied on skin in form of skin cosmetics forms a thin coating . Thus, isobutyl stearate acts as a skin conditioning agent. It is used during the formulation of eye makeup, lipstick, and skin makeup. Isobutyl stearate is used in other applications in metalworking and industrial segments due to its lubricant nature. Rise in demand for personal care products and bio-lubricants in the metal working industry is one of the key drivers of the isobutyl stearate market.
Based on application, the isobutyl stearate market can be segmented into personal care & cosmetics, metal working, and industrial. Personal care & cosmetics contributed significant share of the isobutyl stearate market in 2016. It is likely to remain the dominant segment during the forecast period. Rise in usage of bio-esters in formulation of personal care and cosmetics products and increase in usage of personal care & cosmetics products across the globe are the prominent factors expected to drive the isobutyl stearate market between 2017 and 2025. The metal working segment is also expected to exhibit moderate growth during the forecast period. The metal working fluid segment is highly fragmented owing to the presence of a large number of metal working fluid manufacturers across the regions. Furthermore, awareness related to use of bio-lubricants in metal working fluid is less among small scale manufacturers. This is likely to hamper the demand for isobutyl stearate in the metal working segment.
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In terms of region, Asia Pacific dominated the isobutyl stearate market in 2016. It is likely to remain the dominant region during the forecast period. Rise in demand for isobutyl stearate in personal care and metal working industries, especially in countries such as China and Japan, is boosting the isobutyl stearate market in Asia Pacific. It is a densely populated region in the world; India and China account for 1/6th of the global population. Thus, there exists high demand for personal care and cosmetics products in the region. Additionally, large number of manufacturing companies operate in Asia Pacific, especially in India, China, Japan, and South Korea. High amount of metal working fluids is constantly used in these countries. These are the major factors anticipated to contribute to the demand for isobutyl stearate. The market in Asia Pacific is also anticipated to exhibit significant CAGR compared to that in other regions during the forecast period. The market in Europe, followed by that in North America, is expected to expand at a moderate pace during the forecast period. Increase in awareness related bio-esters and bio-lubricants in these regions is the key factor anticipated to drive the demand for isobutyl stearate during the forecast period.
Major players operating in the global market include Oleon NV, Industrial Quimica Lasem SA, Hangzhou DayangChem Co. Ltd., Emery Oleochemicals, Mosselman S.a., A&A, and Fratelli Parodi Spa.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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