Stearic Acid Market 2020-2025 Growth, Trends and Demands Research Report - PowerPoint PPT Presentation

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Stearic Acid Market 2020-2025 Growth, Trends and Demands Research Report

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The global stearic acid market was valued at USD 4.0 billion in 2019 and is expected to grow more than CAGR 5.0% over the forecast period. – PowerPoint PPT presentation

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Date added: 21 August 2020
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Title: Stearic Acid Market 2020-2025 Growth, Trends and Demands Research Report


1
Stearic Acid Market
  • Size 2019, by Application (Soaps detergents,
    Intermediates, Personal Care, Rubber Processing,
    Textile, Lubricants, Others), by Region and
    Forecast to 2025

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2
Stearic Acid Market Size and Share 2025
  • 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. 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.
  • 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.

3
Stearic Acid Market Size and Share 2025
  • 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.

4
Stearic Acid Market Size and Share 2025
  • 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
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets 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. Our analysts have
    tracked high growth markets in chemicals
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