Stearic Acid Market To Report Impressive Growth, Revenue To Surge To US$ 9.47 Billion By 2022

With the presence of a large pool of participants, the global stearic acid market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). U.S. chemical company, BASF SE, Kao Chemicals, P&G, Oleon, AkzoNobel, Godrej, and PT. Cisadane Raya Chemicals are some of the key vendors of Stearic acid across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the Stearic acid market study.

Citing an instance, a study published in journal European Coatings in March 2018 revealed that zinc Nano coatings were manufactured on carbon steel through Stearic acid alteration and electrodeposition in New York. The studies claimed that these Nano coatings exhibited superhydrophobicity and demonstrated improved antifouling performance.  

This review is based on a report by Zion Market Research, titled “Stearic Acid Market for Lubricants, Personal Care, Fuel Additives, Rubber Processing, Soaps & Detergents and Other Applications: Global Market Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022.”- https://www.zionmarketresearch.com/report/stearic-acid-market

However, a recent study has revealed that consuming a high proportion of saturated fatty acids such as Stearic acid, lauric acid, palmitic acid, and myristic acid can raise the risk of a coronary heart ailment.

As estimated in this report, the global Stearic acid market stood at US$ 7.30 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this Stearic acid market is expected to reach US$ 9.47 billion by the end of the forecast period.

Mammoth Product Popularity In Food & Beverages To Impel Market Growth

“Escalating demand for intermediates and additive applications across myriad sectors such as personal care, rubber processing, soaps & detergents, and lubricants is anticipated to propel the growth of the Stearic acid market in the coming years, “says the author of this study. Apart from this, massive breakthroughs witnessed across the food & beverages sector along with the growing use of the compound in automobiles are anticipated to spur the expansion of the Stearic acid market in the near future.

Oscillating raw material costs, however, are likely to hinder the ascension of the Stearic acid market in the years ahead. Nevertheless, humungous demand for the product in the emerging economies is expected to promote Stearic acid market growth over the ensuing years. This, in turn, will normalize the impact of hindrances on the Stearic acid market, reports the Stearic acid market study.

Thriving Automotive Sector To Support APAC’s Regional Dominance

Regionally, Asia Pacific has been leading the worldwide Stearic acid market and is anticipated to continue on the dominant position in the years to come, states the market study. Continuous research & development activities along with flourishing automotive sector are some of the key factors behind the dominance of the Asia Pacific Stearic acid market. The high number of market players being headquartered in the Asia Pacific is another significant factor that is supporting the growth of this regional Stearic acid market.

The global Stearic acid market is segmented as follows:

By Application

• Lubricants
• Personal Care
• Fuel Additives
• Rubber Processing
• Soaps & Detergents
• Others

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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