USD 268.28 million
Isostearic Acid Market Size, Share, Growth Analysis, By Application(Personal care products, lubricants, and chemical intermediates), By End-use(Cosmetics, pharmaceuticals, automotive, and manufacturing sectors), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2320 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
64
|Figures:
75
Isostearic Acid Market Insights
Global Isostearic acid market size was valued at USD 268.28 million in 2022 and is poised to grow from USD 286.79 million in 2023 to USD 489.09 million by 2031, at a CAGR of 6.9% during the forecast period (2024- 2031).
The global isostearic acid market continues to exhibit steady growth due to its versatile applications across various industries.
With rising demand in personal care and cosmetics for its skin-friendly properties, and in industrial sectors for its lubricating and stabilizing qualities, the market is poised for expansion.
While the cosmetics and personal care industry remains a significant consumer of isostearic acid, there has been a trend toward exploring its applications in other industries.
Isostearic acid's unique properties, including its high oxidation stability, have led to its consideration in various sectors. One of these sectors is in the production of lubricants and industrial fluids, where its stability under extreme conditions can be advantageous.
Additionally, isostearic acid has potential uses in the food industry as a food additive or ingredient due to its emulsifying properties and safety profile.
Additionally, its eco-friendly nature and potential for use in bio-based products align with growing sustainability trends.
As manufacturers invest in research and development for innovative applications, the isostearic acid market is anticipated to maintain its upward trajectory.
However, challenges related to sourcing raw materials and market competition may impact its future direction.
US Isostearic Acid Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cosmetics
Fastest Growth
Cosmetics
Growth Rate
6.9% CAGR
Global Isostearic acid market by region
Country Share for North America (%)
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Isostearic Acid Market Segmental Analysis
The global isostearic acid market can be segmented based on application and end-use industry. In terms of application, it finds utilization in personal care products, lubricants, and chemical intermediates. In the context of end-use industries, it caters to cosmetics, pharmaceuticals, automotive, and manufacturing sectors. Geographically, the market can be divided into North America, Europe, Asia Pacific, and the rest of the world.
Isostearic Acid Market Analysis By Application
The largest application segment for isostearic acid was likely the personal care and cosmetics industry. The demand for cosmetics and personal care products remained robust, driving the use of isostearic acid in formulations.
In terms of the fastest-growing segment, there was a trend of increasing awareness and preference for biodegradable and sustainable products. This trend could potentially lead to a higher demand for isostearic acid in applications such as biodegradable lubricants, eco-friendly surfactants, and other environmentally conscious industrial applications.
Isostearic Acid Market Analysis By End-user
The largest end-user segment for isostearic acid was the cosmetics and personal care industry. This was primarily due to the growing demand for cosmetic products and the incorporation of specialty ingredients to enhance product performance.
The fastest-growing end-user segment was also likely to be cosmetics and personal care. The increasing focus on personal grooming, beauty products, and the use of advanced formulations in skincare and makeup products was driving the demand for isostearic acid in this sector.
Global Isostearic acid market by end-user
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Isostearic Acid Market Regional Insights
North America, including the United States and Canada, has traditionally been a significant consumer of Isostearic acid due to its well-established personal care and cosmetics industry. The demand for specialty chemicals in various applications has also contributed to the consumption of isostearic acid.
European countries have a strong presence in the cosmetics and personal care industry. As a result, isostearic acid is used in various skincare and makeup products. Moreover, the region's emphasis on sustainability and environmentally friendly products might drive the use of bio-based isostearic acid. Asia-Pacific region, particularly countries like China, Japan, South Korea, and India, has shown rapid growth in the cosmetics and personal care sector. This growth is driven by rising disposable incomes, urbanization, and changing consumer preferences. As a result, the demand for specialty ingredients like isostearic acid could be on the rise.
Global Isostearic acid market by geography
- Largest
- Fastest
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Isostearic Acid Market Dynamics
Isostearic Acid Market Drivers
Growing Demand in Personal Care and Cosmetics Industry
- Isostearic acid is used as an ingredient in various personal care and cosmetics products due to its excellent emollient and moisturizing properties. As the demand for skincare and beauty products continues to rise, the demand for isostearic acid in these applications is expected to increase.
Increasing Demand for Sustainable and Bio-based Ingredients
- Isostearic acid can be derived from natural sources, making it an attractive option for companies looking to incorporate sustainable and bio-based ingredients into their products. Consumers' increasing preference for eco-friendly products could drive the demand for isostearic acid.
Isostearic Acid Market Restraints
Fluctuating Raw Material Prices
- Isostearic acid is often derived from natural oils, and the prices of these raw materials can be volatile due to factors such as weather conditions, geopolitical events, and changes in agricultural practices. Fluctuating raw material prices can impact the cost of producing isostearic acid.
Regulatory Challenges
- The chemicals industry, including the market for isostearic acid, is subject to various regulations and standards that govern its production, use, and disposal. Meeting these regulatory requirements can add complexity and costs to the production process.
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Isostearic Acid Market Competitive Landscape
The global isostearic acid market's competitive landscape is characterized by several key players vying for market share. Leading companies such as Croda International, Emery Oleochemicals, and Oleon dominate through extensive product portfolios, technological innovation, and strategic collaborations. These players emphasize research and development to cater to diverse industry applications, including personal care, lubricants, and chemicals. Regional players also contribute to the competition with a focus on niche markets. The market's dynamism is underscored by competitive pricing, product differentiation, and sustainability initiatives, as companies strive to meet evolving consumer demands and stringent regulatory requirements.
Isostearic Acid Market Top Player’s Company Profiles
- Croda International (United Kingdom)
- Oleon NV (Belgium)
- Emery Oleochemicals (Malaysia)
- Arizona Chemical (United States)
- BASF SE (Germany)
- Nissan Chemical Corporation (Japan)
- KLK Oleo (Malaysia)
- Cremer Oleo GmbH & Co. KG (Germany)
- Jarchem Industries Inc. (United States)
- BioAmber Inc. (United States / Canada)
- Sigma-Aldrich Corporation (United States)
- Vantage Specialty Chemicals (United States)
- Godrej Industries Ltd. (India)
- The Chemical Company (United States)
- P&G Chemicals (United States)
- Safic-Alcan (France)
- Shandong Jinan Chemical Co., Ltd. (China)
- Alzo International Inc. (United States)
- Myriant Corporation (United States)
- Itaconix Corporation (United Kingdom / United States)
Isostearic Acid Market Recent Developments
- In February 2023, Emery Oleochemicals acquired the isostearic acid business of Emery Oleo Chemicals Sdn Bhd for an undisclosed amount.
- In March 2023, Lubrizol Corporation acquired the isostearic acid business of The Chemours Company for an undisclosed amount.
- In November 2023, Croda presented a range of sunscreen ingredients known for their high Sun Protection Factor (SPF) and productive protection against UVA beams. Among these, Solaveil CZ-300 (INCI: Zinc Oxide (and) Caprylic/Capric Fatty Oil (and) Polyhydroxystearic Corrosive (and) Isostearic Acid) stands apart as a zinc oxide dispersion in a normally determined carrier oil, offering transparent UVA protection when applied on the skin.
Isostearic Acid Key Market Trends
- Growing Demand in Personal Care and Cosmetics Industry: Isostearic acid is commonly used in the formulation of cosmetics and personal care products due to its unique properties, such as good emolliency and skin compatibility. It's often used in products like lipsticks, moisturizers, creams, and lotions. The trend of consumers seeking natural and sustainable ingredients in their personal care products has driven the demand for isostearic acid derived from vegetable sources. This trend also includes a focus on clean beauty and eco-friendly formulations.
- Rise in Bio-Based Isostearic Acid Production: With increasing environmental concerns and a shift toward sustainable practices, there has been a trend toward producing isostearic acid from bio-based feedstocks. Traditionally, isostearic acid was primarily derived from petrochemical sources. However, the market has been witnessing a shift toward using renewable resources like vegetable oils to produce bio-based isostearic acid. This trend is driven by both regulatory pressures and consumer preferences for more environmentally friendly products.
Isostearic Acid Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global isostearic acid market is poised for promising growth, driven by its versatile applications across various industries such as personal care, cosmetics, lubricants, and plastics. As demand for sustainable and bio-based products increases, isostearic acid, derived from renewable sources, is expected to gain traction. Additionally, its unique properties, including high stability and compatibility, enhance its desirability. With expanding urbanization and rising disposable incomes, the demand for cosmetics and personal care products will further fuel the market's growth. However, market players must navigate regulatory challenges and invest in innovative production methods to fully capitalize on the compound's potential.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 268.28 million |
| Market size value in 2031 | USD 489.09 million |
| Growth Rate | 6.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Isostearic Acid Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Isostearic Acid Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Isostearic Acid Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Isostearic Acid Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Isostearic Acid Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Isostearic Acid Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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