Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 272.7 million | USD 509.8 million | 7.2% | 2023 |
The global Isostearic Acid market size accrued earnings worth approximately USD 272.7 Million in 2023 and is predicted to gain revenue of about USD 509.8 Million by 2032, is set to record a CAGR of nearly 7.2% over the period from 2024 to 2032
Isostearic acid is a lightly branched, liquid fatty acid produced on reaction with oleic acid and other natural mineral catalyst. The production of isostearic acid in a major way is dependent on the parent fats or oils being used in the reaction mixture. Being a fatty acid molecule isostearic acid is amphiphilic in nature. Moreover, being readily soluble in oils it is also used in the manufacturing of emulsifiers and dispersant. Isostearic acids have wide applications in industries. They are commonly used as lubricants, paints, adhesives, solvents etc., in manufacturing paints and personal care products.
Isostearic acids are commonly used in areas requiring molecular stability. In case of lubricants, thermal stability is preferred. For cosmetic formulations, odor stability is a priority. Oxidation stability is a preeminent factor for products having a long shelf. Growing demand for bio-based products, rising consumer awareness about hazards of petrochemical products, and strict government regulations against petrochemical products are likely to drive the demand for isostearic acid for the forecast period. However, volume growth in regions specifically, India, China, Thailand, Vietnam, Brazil, Mexico, Kenya, Nigeria, and Ethiopia, for personal care segment is likely to augment demand for isostearic acid. The high cost of isostearic acid and allied products, limited supply is likely to hinder the market growth.
The research study on the global isostearic acid market offers a detailed competitive outlook, product, and financial portfolio of key vendors/players. The competitive landscape in the market is offered through Porter's five forces model analysis. The research study covers market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. The market forecasting and outlook studies are carried out using in-house databases, along with primary and secondary research studies.
Report Attributes | Report Details |
---|---|
Report Name | Isostearic Acid Market |
Market Size in 2023 | USD 272.7 Million |
Market Forecast in 2032 | USD 509.8 Million |
Growth Rate | CAGR of 7.2% |
Number of Pages | 191 |
Key Companies Covered | Nutra Food Ingredients LLC, Merck KGaA, Nitta Gelatin Inc., Darling Ingredients Inc., Lapi Gelatin S.p.A., Gelita AG, Jellice Pioneer Europe B.V., Lonza Group, Luoyang Leston Import and Export Trade Company Limited, Bernard Jansen Products Inc., and others. |
Segments Covered | By Product, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The isostearic acid market is divided into segments based on application, including adhesives, coatings & paints, finishing agents, sealants, solvents, surfactants, and viscosity adjusters. The market is divided into segments based on end-users: personal care, chemical esters, lubricant & greases, and others.
Isostearic acid is a liquid fatty acid with light branching that is produced by the interaction of oleic acid with a natural mineral catalyst. There is no chemical buildup in this reaction. Isostearic acid is derived entirely from the source oil or fat. They are transparent and greasy liquids that are widely utilized in personal care and cosmetic items. These acids can function as both a binder and a surfactant-cleansing agent.
Region wise isostearic acid market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Both North America and Europe are primary markets for isostearic acid in terms of revenue. The Asia Pacific and Latin America are major markets for isostearic acid in terms of volume. The isostearic acid market in the Asia Pacific is likely to grow at highest CAGR for the period 2024-2032, owing to the diversification of personal care product market, the establishment of organized retail and growing consumer base. India and China are key markets within the Asia Pacific for isostearic acid for the forecast period.
The report covers competitor profiles of companies well invested in the domain. The company profiles include market share, outlook, financials, business strategy, and research & development investment. Some of the key players within the global isostearic acid market are,
By Product Segments
By end-users Segments
By Regional Segments
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