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
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