Global Stearic Acid Market 2024-2028
The stearic acid market is forecasted to grow by USD 434.9 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the stearic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from personal care industry, growing demand from soaps and detergent industries, and abundant availability of raw materials.
Technavio's stearic acid market is segmented as below:
By Application
- Personal care
- Food and beverages
- Healthcare
- Textile
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the use of stearic acid in metal processing and candle manufacturing as one of the prime reasons driving the stearic acid market growth during the next few years. Also, growing application in lead-acid batteries and innovations and r and d activities for developing bio-based products will lead to sizable demand in the market.
The report on the stearic acid market covers the following areas:
- Stearic acid market sizing
- Stearic acid market forecast
- Stearic acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading stearic acid market vendors that include 3F Industries Ltd., BASF SE, Cayman Chemical, ChemCeed, Croda International PLC, Emery Oleochemicals Group, Godrej and Boyce Manufacturing Co. Ltd., IOI Corp. Berhad, Jarchem Industries Inc., Kao Corp., KLK Oleo, NIMIR INDUSTRIAL CHEMICALS LTD., Nissan Chemical America Corp., Oleon NV, Pacific Oleochemicals SDN Bhd, Stepan Co., TAIKO KIKAI INDUSTRIES Co. Ltd, The Procter and Gamble Co., VVF Ltd., and Wilmar International Ltd.. Also, the stearic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.