Global Stearic Acid Market Report 2021: Market to Reach $50.747 Billion by 2026 - Increasing Investment in 100% Bio-based Products Development - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Stearic Acid Market (2021-2026) by Raw Material, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Stearic Acid Market is estimated to be USD 33.5 Bn in 2021 and is expected to reach USD 50.77 Bn by 2026, growing at a CAGR of 8.67%.
The various properties of stearic acid such as having surfactant, emulsifying and cleansing properties, stearic acid are used in the manufacturing of soaps, shampoo, and other personal care and cosmetic products. In addition, it is used in rubber production for internal lubrication and adhesion.
Growing application of stearic acid in various industries such as candle manufacturing, metal processing, textile sizing, pharmaceutical, and automotive industry have further driven the market growth. Rapid industrialization and e-commerce have fueled market growth.
However, fluctuating prices of raw materials and hazardous effects on prolonged use of stearic acid are anticipated to hamper the market growth.
The increasing trend of biodegradable products is anticipated to create new opportunities for the market, during the forecast period.
The Global Stearic Acid Market is segmented further based on Raw Material, Application, and Geography.
By Raw Material, the market is classified into animal-based and vegetable-based. Amongst the two, the animal-based segment is estimated to hold the highest market share during the forecast period.
By Application, the market is classified as soaps and detergents, personal care, textiles, lubricants, rubber processing, and others. Amongst all, the personal care segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
Some of the companies covered in this report The Chemical Company, 3F Industries Ltd, AkzoNobel, Godrej Industries, Cayman Chemical, etc.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1.1 Increasing demand for sustainable and biodegradable products
4.1.2 Wide application in personal care products
4.2.1 Toxic and hazardous effects due to high concentration
4.2.2 Animal fat products restriction by the government
4.3.1 Petrochemical dependency decline
4.3.2 Increasing investment in 100% bio-based products development
4.4.1 Volatile raw material prices
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Stearic Acid Market, By Raw Material
7 Global Stearic Acid Market, By Application
7.2 Soaps and Detergents
7.3 Personal Care
7.6 Rubber Processing
8 Global Stearic Acid Market, By Geography
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
10 Company Profiles
- The Chemical Company
- 3F Industries Ltd
- BASF SE
- Bramble Berry Inc.
- Cayman Chemical
- Chant Oil Co., Ltd.
- Deeno Group
- Emery Oleochemicals
- Godrej Industries
- IOI Oleo GmbH
- Kerax Limited
- KLK Oleo
- Merck KGaA
- New Japan Chemical Co. Ltd
- Nimir Industrial Chemicals Limited
- Pacific Oleochemicals Sdn, Bhd
- Procter & Gamble Co
- U.S. Chemicals LLC
- VVF LLC
- Wilmar International Limited
For more information about this report visit https://www.researchandmarkets.com/r/nz0h5z
Laura Wood, Senior Press Manager
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