Global stearic acid market is expected to
reach USD 11.01 billion by 2022, according to a new study by Grand View
Research, Inc. Increasing penetration of organic chemicals across personal care
products such as shaving creams, shampoos and soaps is expected drive the
global stearic acid market. Benefits such as enhanced shelf life, versatility,
excellent binding & thickening properties and stability, as a base for
cosmetics are anticipated to strengthen its demand over the forecast period.
Powerful surfactant and cleansing properties that assist removal of dirt and
oil in the skin are slated to fuel its demand in soaps and detergents.
Favorable regulations such as Nutritional Labeling and Education Act (NLEA) of
1990, permitting use of saturated fatty acids in food additives are also
expected to impact its demand positively. Hazards related to toxicity coupled
with volatile raw material prices are expected to remain a key challenge for
market participants.
Browse full research report on Global Stearic Acid Market: http://www.grandviewresearch.com/industry-analysis/stearic-acid-market
Soaps & detergents emerged as the largest application
segment and accounted for 28.9% of the total market volume in 2014. Growing
detergents industry in emerging economies may be attributed for high level of
market penetration in the segment.
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research report:
http://www.grandviewresearch.com/industry-analysis/stearic-acid-market
http://www.grandviewresearch.com/industry-analysis/stearic-acid-market
Further key findings from the study suggest:
Global stearic acid demand was 5,744.3 kilo tons in 2014 and
is expected to reach 8,129.9 kilo tons by 2022, growing at a CAGR of 4.5% from
2015 to 2022.
Personal care is projected to witness the fastest growth of
5.1% over the forecast period. Growth of personal care industry in Asia Pacific
and Latin America is expected to drive this segment over the forecast period.
Surging organic personal care and cosmetic products demand is also estimated to
fuel stearic acid demand.
Growing application scope across various niche segments
including metal processing, candle manufacturing, and pharmaceuticals is also
expected to drive global stearic acid industry growth in near future.
Asia Pacific was the largest regional market and accounted
for 42.7% of total volume in 2014. Asia Pacific stearic acid market is
characterized by rapid industrialization coupled with rising disposable income
level particularly in India, China and Indonesia. These factors may be
attributed to the rising product demand across various application segments in
the region.
Major companies operating in global stearic acid market
include The U.S. Chemical Company LLC., BASF, AkzoNobel, Emery Oleochemicals,
Wilmar International, Godrej Industries, Oleon, Pacific Oleochemicals Sdn Bhd,
Kao Chemicals, and Kuala Lumpur Kepong (KLK).
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/renewable-chemicals
For the purpose of this study, Grand View Research has
segmented the stearic acid market on the basis of application and region:
Global Stearic Acid Application Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2012 - 2022)
Soaps & Detergents
Intermediates
Personal Care
Rubber Processing
Textile
Lubricants
Others
Global Stearic Acid Regional Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2012 - 2022)
North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
India
Central & South America
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
