Stearic acid is a waxy solid saturated fatty acid that contains 18-carbon chain. It naturally occurs in coconut oil, palm kernel oil, animal and vegetable fats, and in the milk of several mammals. The chemical formula of stearic acid is C17H35CO2H. Commercially used stearic acid is a mixture of approximately equal amounts of stearic and palmitic acid and small amounts of oleic acid. It is mainly used in the manufacturing soaps and detergents and cosmetics such as shampoos, shaving products, and creams
Benefits such as enhanced shelf life, versatility, and stability as a base for cosmetics are expected to be critical aspects of industry growth in near future. Additionally, it acts as an excellent binder and thickening agent for personal care products. Powerful cleansing and surfactant properties that facilitate removal of oil and dirt in the skin are projected to strengthen demand in cosmetics and detergent applications. High demand in personal care and soaps & detergents as the surfactant is anticipated to foster product penetration in these segments in next few years. Growing application scope in several niche segments including candle manufacturing, metal processing, and dietary supplements is also expected to bolster industry growth over the forecast period.
Asia Pacific stearic acid market accounted for most of the total demand in 2017 and is projected to witness the fastest growth on account of rapid industrialization. Growing demand for personal care, detergents and plastics maybe attributed to high growth in the region. Emerging economies such as India, China, and South Korea are slated to emerge as major consumers, complementing market growth.
In 2019, the market size of Stearic Acid is 6890 million US$ and it will reach 9950 million US$ in 2025, growing at a CAGR of 4.7% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Stearic Acid.
This report studies the global market size of Stearic Acid, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Stearic Acid production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
BASF
Godrej Industries
Procter & Gamble
Wilmar International
3F GROUP
Cayman Chemical
Chemceed
Deeno Group
Emery Oleochemicals
Market Segment by Product Type
Fractionation
Pressing Method
Hydrogenation Method
Market Segment by Application
Soaps & Detergents
Intermediates
Personal Care
Rubber Processing
Textile
Lubricants
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Stearic Acid status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Stearic Acid manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Stearic Acid are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Stearic Acid . Industry analysis & Market Report on Stearic Acid is a syndicated market report, published as Global (United States, European Union and China) Stearic Acid Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Stearic Acid market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.