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Isostearic Acid Market By Apllication (Personal Care, Chemical Esters, Lubricant & Greases And Others) - Growth, Share, Opportunities, Competitive Analysis And Forecast 2016 - 2023

Isostearic acid consumption has gradually increased in the market due to increasing automotive and industrial activities driving demand for it. On the basis of applications, the global isostearic acid market is segmented into personal care, chemical esters, lubricants & greases, and others. Lubricants and greases accounted for the largest share of the global isostearic acid market.

According to industry experts, Lubricant & Grease will continue to be the primary driver of the isostearic acid market, along with rising demand for personal care as per capita consumption rises and cosmetic exports increase, particularly in the European and Asian regions.

Growing demand for isostearic acid due to the growing food and chemical industries is expected to fuel demand for the chemical esters segment over the forecast period. These factors have resulted in a significant increase in the global market for isostearic acid.

On the basis of region, the global isostearic acid market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2015, Europe was the largest market for isostearic acid, while Asia-Pacific was the fastest-growing, with XX% and XX% market share by value, respectively.

The market for isostearic acid in Latin America, the Middle East, and Africa is likely to grow considerably during the forecast period owing to an increase in the utilisation of isostearic acid in lubricants and greases. North America accounted for more than X% of the market pie in terms of value and volume in 2015 and is projected to witness a moderate growth rate during the forecast period of 2016 to 2023.

The isosteric acid market is expected to exceed $539 million by 2023, growing at a 7.1% CAGR between 2016 and 2023.

Purpose of the Report

The purpose of this strategic research study titled "Isostearic Acid Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and other industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the isostearic acid market.

Target Audience

  • Industry Investors
  • Procurement Managers from End User Companies
  • Isostearic Acid Manufacturers
  • Distributors

On the basis of its application, the isostearic acid market is categorized into the following segments:

  • Personal Care
  • Chemical Esters
  • Lubricant and Grease
  • Others

Global isostearic acid market revenue is expected to grow at a significant rate of 7.1% over the forecast period of 2016–2023. Growing demand for lubricants and greases due to increasing automotive and industrial activities is expected to drive the growth of the isostearic acid market over the forecast period.

According to industry experts, lubricants and greases are expected to remain the key drivers for the isostearic acid market, coupled with increasing demand for personal care owing to growing per capita consumption and increasing exports of cosmetic products, especially in regions such as Europe, which is anticipated to fuel the growth of the isostearic acid market.

Growing demand for isostearic acid due to the growing food and chemical industries is expected to fuel demand for the chemical esters segment over the forecast period.

Increasing demand for isostearic acid, especially in the Asia Pacific due to rapid population growth in emerging economies such as India and China, is anticipated to fuel demand for the soap segment in the global isostearic acid market over the forecast period of 2016–2023.

Moreover, Asia-Pacific is expected to witness fast growth for isostearic acid, largely due to increasing exports of cosmetic and personal care products from China, Japan, and South Korea. Other factors such as the growing array of applications as a surfactant, cleansing agent, and binder are also expected to drive the growth of isostearic acid during the forecast period.

On the basis of geography, the global isostearic acid market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • rest of Latin America
  • Middle East and Africa

The global isostearic acid market is segmented by geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions. In 2015, Europe was the largest market for isostearic acid, while Asia-Pacific was the fastest-growing, with XX% and XX% market share by value, respectively.

Due to increasing personal care and cosmetics industry exports from China, Japan, and South Korea over the past few years, isostearic acid is gaining popularity in personal care applications in Asian countries. The market for isostearic acid in Latin America, the Middle East, and Africa is likely to grow considerably during the forecast period owing to an increase in the utilisation of isostearic acid in lubricants and greases.

Frequently Asked Question:

The market for Isostearic Acid Market is expected to reach USD$ 539 Mn in 2023.

The Isostearic Acid Market is expected to see significant CAGR growth over the coming years, at 7.1%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

Croda International, Business Description, Financial Information, Product Portfolio. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Dec 2016
Category:  Chemicals
Report ID:   58283
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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