May 28, 2020 4:12 PM ET
iCrowd Newswire – May 28, 2020
The global stearic acid market is expected to reach a considerable value by 2026, expanding at a CAGR of around 4.9% during the forecasted period from 2020 to 2026. Stearic acid is a waxy fluid and a fatty acid occurring in palm kernel oil, fats of mammals, and coconut. The production process involves hydrogenation of animal fats and vegetable oils; these are treated with water at elevated temperature and pressure.
Commercially it is manufactured by mixing oleic acid and palmitic acids. It is mainly used in the manufacturing of soaps & detergent, and cosmetics such as shampoos and shaving products. Other applications of stearic acid are its usage in creating softening effects and pearly effects in shampoo, grease, and Castrol oil. Stearic acid is also available in the form of salts such as cadmium, zinc, and calcium, which softens PVC and other agents released during the production of automobile tires. Stearic acids have a wide range of applications and are used by various industries such as automobile, consumer goods, and electronics, these factors have fueled the demand for stearic acid.
Major players operating in this market are investing in R&D to improve the technology to produce different products using stearic acids; diversifying in niche markets such as oil, and electronic gadgets to increase the demand for stearic acids. Asia Pacific has seen a rising need for stearic acid due to the presence of many soap & detergent companies in countries such as India, China, Indonesia, and Bangladesh. These factors are expected to bolster the growth of the stearic acid market.
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Segment by Key players:
AkzoNobel N.V.
Wilmar International
VVF LLC
IOI Oleochemicals
BASF SE
Godrej Industries
BASF
the Chemical Company
Pacific Oleochemicals
Merck KgaA
Akzo Nobel
Sdn Bhd
Proctor & Gamble
Emery Oleochemicals
Segment by Application:
Rubber Processing
Lubricants
Soaps & Detergents
Textile
Personal care
Segment by Regions:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Table of Content:
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Stearic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Stearic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Stearic Acid Market – Supply Chain
4.5. Global Stearic Acid Market Forecast
4.5.1. Stearic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stearic Acid Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Stearic Acid Market Absolute $ Opportunity
- Global Stearic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Stearic Acid Market Size and Volume Forecast by Type
5.3.1. Fabricated Frame
5.3.2. Tube and Coupler
5.3.3. Mobile
5.3.4. Pole
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
- Global Stearic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Stearic Acid Market Size and Volume Forecast by Application
6.3.1. Personal Decoration
6.3.2. Commercial Decoration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
- Global Stearic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Stearic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
- Global Stearic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Stearic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Stearic Acid Demand Share Forecast, 2019-2029
Continued……
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Keywords: Stearic Acid Market, Stearic Acid Market Share, Stearic Acid Market Size, Stearic Acid Market trends, Stearic Acid Market Forecast
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