About Stearic Acid
Stearic Acid has high growth prospects due to rising demand from plastics, automotive, oil & gas, and paints & coatings industries. Stearic acid is a waxy solid saturated fatty acid occurring in palm kernel oil, coconut oil and in other animals fats. It is widely used in manufacturing cosmetics, detergents including shampoos, soaps, and shaving products. Additionally, rising investments towards innovation and development of 100% bio-based and sustainable products positively impact on the product demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Stearic Acid market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The U.S. Chemical Company LLC. (United States), BASF (Germany), AkzoNobel (The Netherlands), Emery Oleochemicals (Malaysia), Wilmar International (Singapore), Godrej Industries (India), Oleon (Belgium), Pacific Oleochemicals Sdn Bhd (Malaysia), Kao Chemicals (Japan), Kuala Lumpur Kepong (KLK) (Malaysia), P&G (United States) and VVF (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Stearic Acid market by Type (Fractionation, Pressing Method and Hydrogenation Method), Application (Soaps & Detergents, Intermediates, Personal Care, Rubber Processing, Textile, Lubricants and Others) and Region.
On the basis of geography, the market of Stearic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Raw Materials, the sub-segment i.e. Plant Based will boost the Stearic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand from Asia-Pacific Region and Value Oriented Customer
Market Growth Drivers:
Increasing Demand for Personal Care Products Such as Shampoos, Soaps, and Others and Rising Consumer Awareness towards Use of Dietary Supplements
Challenges:
Sluggish Growth Due to Stringent Government Rules and Regulation and Stiff Competition among Major Players
Restraints:
The fluctuation of Raw Materials Price of Vegetable Oils and Petrochemicals and Side Effects Associated With Consumption of Higher Product Concentration Such as Cancer, Skin Damage and Liver Toxicity
Opportunities:
Upsurge Demand for Organic Personal Care Products and Rapid Industrialization Along With High Disposable Income of Consumers Boost the Market Growth
“According to the National Center for Biotechnology Information Regulations, the stearic acid was for its use as a food additive. In Stearic acid. This regulation defined saturated fatty acid as the sum of lauric, myristic, palmitic, and stearic acids. Because the labeling of saturated fatty acid was voluntary except when a claim was made for fat content, the inclusion of stearic acid in that definition had little impact on foods high in fatty acids.”
Key Target Audience
Stearic Acid Manufacturers, Stearic Acid Suppliers, End-Use Market Participants of Different Segments of Stearic Acid, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.