Stearic Acid Market 2019-2025 Global Industry Analysis & Forecast | The Chemical Company, VVF LLC, Cayman Chemical, U.S. Chemicals LLC, Deeno Group, Parchem, Pacific Oleochemicals, Kao Chemicals, Emery Oleochemicals, BASF, and AkzoNobel

The global stearic acid market is anticipated to cross USD 12.0 billion by 2025, growing at a CAGR of over 5.0%. Rising global cleaners, personal care, cosmetics, automotive, and construction industry is expected to open new opportunities for stearic acid manufacturers to increase their production output and cater to growing end-user requirements.

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The Personal Care category is the main growth factor sine where stearic acid plays a significant role. Also, the overall demand for fatty acids is increasing which is another rising consideration for the stearic acid industry. However, poor water solubility and volatile raw material prices are expected to be the market restraints. Dynamic stearic acid use, however, has rather strong growth potential. Metal cleaning and the production of candles are also expected to increase in the near future. In addition to this, China, India, and ASEAN countries are likely to offer strong geographical opportunities over the years ahead.

Global Stearic Acid Market, 2015-2025 (USD Billion)

The global stearic acid market report provides market estimates from 2015 to 2025. The study highlights various current and future aspects of the market such as driving factors, market hindrances, and opportunities. The report covers market categorization at the global, regional, and country levels Porter's five forces analysis is used as an analytical tool to evaluate the market competitiveness of the stearic acid industry.

By application, the global stearic acid market is categorized as soaps & detergents, intermediates, personal care, rubber processing, textile, lubricants, and others. Increasing adoption of stearic acid in metal processing, pharmaceutical industries, candle production, and dietary supplements is expected to open new avenues for stearic acid manufacturers to increase their production capacities to cater growing requirement. Increasing consumer understanding of using dietary supplements to keep them safe and hygienic in everyday life schedules would increase the size of the demand for stearic acid over the timeframe forecast.

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Economic development followed by increasing per capita expenditure in India, China, Japan, South Korea, and Southeast Asia is expected to increase stearic acid market penetration in Asia Pacific over the coming years. Additionally, well-established personal care and cosmetics industry is expected to increase stearic acid market concentration in North America and Europe over the coming years.

The global stearic acid market is competitive as large number of well-established petrochemical manufacturers are operating in this industry. Some prominent manufacturers are The Chemical Company, VVF LLC, Cayman Chemical, U.S. Chemicals LLC, Deeno Group, Parchem, Pacific Oleochemicals, Kao Chemicals, Emery Oleochemicals, BASF, and AkzoNobel.

Leading players operating in this industry are adopting merger & acquisition, research & development, new product development, and facility expansion strategies to strengthen their geographical reach and increase customer base. For instance, in sept 2017, the Malaysian state of Sabah is expected to start its first oleochemical plant to process industrial palm oil in to soap noodles and stearic acid. Increasing oleochemicals production expansion followed by rising stearic acid demand for personal care products, rubber processing, lubricants, textile, and soap & detergents is expected to prompt new manufacturers to enter in to the industry to cater untapped market in developing economies.

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Key segments of the global stearic acid market

Application Overview, 2015-2025 (Kilo Tons) (USD Million)

Soaps & detergents
Intermediates
Personal Care
Rubber Processing
Textile
Lubricants
Others

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC
Rest of Middle East & Africa

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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