The Stearic Acid Market Size is estimated to be USD 33.8 Bn in 2021 and is expected to reach USD 50.80 Bn by 2028, growing at a CAGR of 8.70%.
Stearic Acid Market Size is a saturated fatty acid found in various animal and plant fats. It is used in various applications such as skin & hair care products, detergents & soaps, pharmaceuticals, food products, textile sizing, agrochemicals, and rubber processing. It is widely used in the cosmetics products owing to its ability to lower the surface tensions of oils and keep the products potent if stored for longer period. Due to its emulsifying property, it is vastly preferred in the personal care products. The product use in the detergents and soaps is increasing owing to strong surfactants and cleansing properties. Rising demand for the stearic acid in the textile industry for softening the fabric is driving the market growth. Growing healthcare industry is fuelling the product demand for nutritional supplements and reducing visceral fat & inflammation. It is increasingly used in the pharmaceuticals in the tablets, ointments, and suppositories. Stearic acid finds application in the candles in place of paraffin as hardener substance when mixed with sugar and corn syrup. The product consumption in agrochemicals as fungicides, reactive intermediaries, and to enhance viscosity is propelling the market growth.
Get Sample Report- https://www.marketresearchfuture.com/sample_request/5867
The Stearic Acid Market Size is segmented into applications, and end-use industry, and region.
On the basis of application, the Stearic Acid Market Size is divided into cosmetics & personal care, detergents & soaps, food products, pharmaceuticals, textile sizing, rubber processing, agrochemicals, and others.
Based on the end use industry, the Stearic Acid Market Size is segmented into personal care, food and beverages, healthcare, textile, automotive, agriculture, and others
Geographically, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific is leading the Stearic Acid Market Size owing to expanding consumer base and rising demand for the cosmetics. Increasing spending by the young population on the cosmetics products for personal appearance is propelling the market growth. Additionally, growing demand for the nutritious supplement as a result of rising health concerns among the consumers is stimulating the product demand in this region.
North America and Europe are another prominent regions in the market with growing personal care and healthcare industry coupled with the high purchasing power of the consumers.
Some of the prominent players in the Stearic Acid Market Size are Wilmar International Ltd (Singapore), Croda International Plc (UK), Akzo Nobel N.V. (Netherlands), Deeno Group (China), Emery Oleochemicals (Malaysia), Godrej Industries (India), Oleon (Belgium), Pacific Oleochemicals Sdn Bhd (Malaysia), Kaula Lumpur Kepong Berhad (Malaysia), kao Corporation (Japan), Cayman Chemical (U.S.), Procter and Gamble (U.S.).
About Market Research Future -
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)