Industry Background:
Potassium Stearate refers to a potassium salt of stearic acid which is used as an emulsifying agent in the manufacturing of detergents, cosmetics, foods, and other FMCG goods. It is also used in some bath products, shaving creams, and hair care products. It primarily has three functions, cleaning which means it is used in cleaning a surface, emulsifying agent which means it promotes the formation of mixtures between immiscible liquids, and lastly it is used as a surfactant which means it can reduce the surface tension of cosmetics and it contributes to the even distribution of the product. With the rise of the personal care industry; the demand for Potassium Stearate is also increasing.This growth is primarily driven by Increasing Demand of Potassium Stearate as An Ingredient in Hair Care Products and Growing Demand of Potassium Stearate as A Stabilizer in Plastics Industry.
Globally, a noticeable market trend is evident Adoption of Potassium Stearate to Stabilize Formula in Cosmetics
. Major Vendors, such as Viva Corporation (India), Balasore Chemicals (India), Sun Ace (India), Hongyuan Chemical (China), PMC (United States), Linghu Xinwang Chemical (China), Changjiang Chemical (China), Lumega Industries (India), Chhabs Corp. (India) and Frank Alkanes India Pvt. Ltd. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
Potassium Stearate is regulated by food safety and standards regulations organization in India by its 2006 act. The act specifies necessary labeling, safety precautions, and definitions for the Potassium Stearate. According to the act- “stabilizing agents” means substances which when added to food, are capable of facilitating a uniform dispersion of oils and fats in aqueous media or vice versa”
Market Drivers
- Increasing Demand of Potassium Stearate as An Ingredient in Hair Care Products
- Growing Demand of Potassium Stearate as A Stabilizer in Plastics Industry
Market Trend
- Adoption of Potassium Stearate to Stabilize Formula in Cosmetics
- The demand for Potassium Stearate to Thicken the Product
Restraints
- Potassium Stearate May Trigger Allergic Reactions in Some Individuals
Opportunities
Increasing Demand of Hair Care Products Will Boost the Demand of Potassium Stearate and Growing Application of Potassium Stearate Is Paint and Coatings Industry
Challenges
Decreased Manufacturing Activity Due to Covid-19 and Increasing Preference of Natural Self-Care Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Potassium Stearate Study Sheds Light on
— The Potassium Stearate Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Potassium Stearate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Potassium Stearate industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.