Growing Status of Stearic Acid Market 2019 by Industry News, Evolving Technologies, Top Key Players, Industry Share, and Forecast to 2024 | Industry

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Stearic Acid

Stearic Acid Market” report 2019-2024 provides detailed summary of company competition, market demand, regional forecast, marketing price and new investment feasibility analysis is included of Stearic Acid market. It also covers approximate CAGR, key-players, scope of the report, regional analysis, major market factors of Stearic Acid market, reasons of buying this report and complete TOC of report.

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There are 4 key segments covered in this Stearic Acid Systems Market report:

  • Competitor segment
  • Product type segment
  • End-use/application segment
  • Geography segment

Market Overview:

  • The market for stearic acid is expected to grow at a CAGR of more than 5% during the forecast period of 2019 – 2024. Major factors driving the market studied are the increasing need for personal care products and the rising application in lead-acid batteries. However, fluctuating prices of raw materials is expected to hinder the growth of the market studied.
  • – Personal care industry dominated the market in 2018 and is expected to grow during the forecast period owing to the increasing oil and gas activities across the world.
  • – Advancement in sunflower oil varieties containing high stearic and oleic acids is likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

    Stearic Acid Market by Key Players:

  • IOI Oleochemicals
  • Kuala Lumpur Kepong (KLK)
  • PT.Cisadane Raya Chemicals
  • Pacific Oleo
  • Taiko
  • Emery Oleochemicals
  • Acme Synthetic Chemicals
  • Acme-Hardesty Paras Polymer and Chemicals
  • New Japan Chemical Co. Ltd
  • Nimir Industrial Chemicals Limited
  • Chant Oil Co. Ltd
  • Protea Chemicals
  • 3F Industries Ltd
  • The Chemical Company
  • Rugao City Shuangma Chemical Co. Ltd
  • Dongma
  • Ruixing
  • P&G

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    Scope of the Report:

  • This report studies the global Stearic Acid market size, industry status and forecast, competition landscape and growth opportunity.

    Key Market Trends:

    Increasing Demand from Personal Care Industry

    – Stearic acids are fatty acids that are derived from animal or vegetable fat oils after hydrogenation. It is widely used in the personal care and cosmetics industry as a surfactant and emulsifying agent.
    – Stearic acid is generally used for the production of stearates, such as sodium stearate, magnesium stearate or calcium stearate, which is a component of personal care products. It is used in more than 3200 skincare and hair care products in recent times.
    – Stearic acid has large number of applications in the soaps & detergent. It primarily fulfils the role of a thickener and a hardener, which helps the soap bar to retain its shape. It is because of stearic acid that soap particles are able to attach to dirt particles, loosening them so that they can be washed away with water.
    – Furthermore, the growing awareness for personal health and hygiene along with increasing beauty consciousness is expected to drive the demand for stearic acid over the forecast period.

    Asia-Pacific Region to Dominate the Market

    – The detergent and cosmetics industry is expected to contribute majorly in the use of stearic acid in the region.
    – The market is supported by the leading global giants situated in the region, such as L’Oreal, Procter & Gamble, Henkel, Unilever, and more.
    – These companies are likely to expand production with growing needs and demand for cosmetics and detergents. The strong and robust cosmetics industry is driven by cutting edge in innovation and creativity.
    – With the various R&D, expansions and investments in cosmetic products, the market for stearic acid is expected to grow at a significant rate in the region, during the forecast period.

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    Stearic Acid Market Covers Following Points in TOC:

    • Chapter 1: Stearic Acid Market Definition
    • Chapter 2: Research Methodology of Stearic Acid Market
    • Chapter 3: Stearic Acid Market Executive Summary
    • Chapter 4: Stearic Acid Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Stearic Acid Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Stearic Acid Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Stearic Acid Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Stearic Acid Market

    Report PageStearic Acid Market – Growth, Trends, and Forecast (2019 – 2024)


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