Global Stearic Acid Market Growth 2023-2029

Global Stearic Acid Market Growth 2023-2029

Stearic acid is a waxy solid saturated fatty acid that contains 18-carbon chain. It naturally occurs in coconut oil, palm kernel oil, animal and vegetable fats, and in the milk of several mammals. The chemical formula of stearic acid is C17H35CO2H. Commercially used stearic acid is a mixture of approximately equal amounts of stearic and palmitic acid and small amounts of oleic acid. It is mainly used in the manufacturing soaps and detergents and cosmetics such as shampoos, shaving products, and creams

LPI (LP Information)' newest research report, the “Stearic Acid Industry Forecast” looks at past sales and reviews total world Stearic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Stearic Acid sales for 2023 through 2029. With Stearic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Stearic Acid industry.

This Insight Report provides a comprehensive analysis of the global Stearic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Stearic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Stearic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Stearic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Stearic Acid.

The global Stearic Acid market size is projected to grow from US$ 6539.7 million in 2022 to US$ 9126.1 million in 2029; it is expected to grow at a CAGR of 9126.1 from 2023 to 2029.

Benefits such as enhanced shelf life, versatility, and stability as a base for cosmetics are expected to be critical aspects of industry growth in near future. Additionally, it acts as an excellent binder and thickening agent for personal care products. Powerful cleansing and surfactant properties that facilitate removal of oil and dirt in the skin are projected to strengthen demand in cosmetics and detergent applications. High demand in personal care and soaps & detergents as the surfactant is anticipated to foster product penetration in these segments in next few years. Growing application scope in several niche segments including candle manufacturing, metal processing, and dietary supplements is also expected to bolster industry growth over the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Stearic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Pressing Method
Hydrogenation Method

Segmentation by application
Soaps & Detergents
Personal Care
Rubber Processing
Textile
Lubricants
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
Godrej Industries
Procter & Gamble
Wilmar International
3F GROUP
Cayman Chemical
Chemceed
Deeno Group
Emery Oleochemicals

Key Questions Addressed in this Report

What is the 10-year outlook for the global Stearic Acid market?

What factors are driving Stearic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Stearic Acid market opportunities vary by end market size?

How does Stearic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.