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Stearic Acid Market

: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Global Stearic Acid Market: By Application (Personal Care Industry, Food Industry, Pharmaceutical & Biomedical Science Industry and Industrial Uses), By End User (Personal Care, Food and Beverages, Healthcare, Textile, Automotive, Agriculture, and Others.), and Geography

 

Market Outline: Stearic Acid Market

Stearic acid is also called octadecanoic acid, which is basically one of the most common long-chain fatty acids. Stearic acid has extensive applications in many fields, for instance, cosmetic industry, rubber industry, food industry, pharmaceutical industry and biomedical science industry. Although, stearic is generally derived from palm oil, it is also derived from others sources such as corn, which is a waxy solid that is almost insoluble in water. Since, stearic acid occurs in many animal and vegetable fats and oils. However, animal fat is richer than vegetable fat by 15%. One of the most popular uses of stearic acid is in the production of candles to harden the wax and strengthen the candle. Stearic acid is also commonly used in the production of soap. It give shampoos a pearly color and also helps to make harden soaps. Furthermore, preventing oxidization is another key use of stearic acid. It is also used to coat metal powders such as iron and aluminum, used in fireworks that allow them to be stored for longer period of time. It is also used in some metal polishes to prevent the oxidation, to produce magnesium stearate and rust that can occur on metal parts of tools.

 

Market Dynamics: Stearic Acid Market

The steady growth in the industries such as construction, automotive, cleaners and personal care it is expected to drive the demand for stearic acid in the production worldwide. Personal care segment is the major growth driver sine it is the fastest growing segment where stearic acid plays an important role. Moreover, the overall fatty acid market is growing which is another growing factor for stearic acid market. The only restraining factor for stearic acid is having low water solubility, which can result in a residual film on bathtubs and skin. Hence, it is usually used as additives rather than as a primary ingredients. However, the dynamic use of stearic acid has a very good growth prospect. Metal cleaning and candle manufacturing are also expected to grow in the near future. Moreover geographically, China, India and ASEAN countries hold good opportunity.

 

Global Stearic Acid Market:

The global stearic acid market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Market for global stearic acid projected to reach US$ XX Mn by 2025 due to increased application of stearic acid in various industries.

 

Development and Launch of Stearic Acid

Development and launch of innovative products of stearic acid by the market players enables surge
in the global stearic acid market demand over the forecast years. For instance, in 1997 VVF LLC launched Doy Care soap for kids to utilize excess capacity in India and earn higher margin.

 

Personal Care Segment Expected to Dominate the Market

Based on application, the global stearic acid market is segmented into personal care industry, food industry, pharmaceutical industry and others. Personal care segment is expected to dominate the market owing to rising organic personal care products demand on account to increasing consumer awareness. Soaps and detergents emerged as one of the most significant application and accounted for approximately XX% of the global volume in 2015.

 

Asia Pacific Accounts for Larger Market Revenue Share in Global Stearic Acid Market

Asia Pacific accounted for major revenue share due to rapid industrialization along with high disposable income of consumers. The regional growth is also favored by robust growth in automotive industry in Indonesia and Thailand. High detergents and plastics demand in the emerging nations such as Korea and Malaysia will further complement regional growth. North America and Europe are mature market and it is anticipated to witness strong growth over the forecast period especially in the U.S, Germany and France.

 

Competition Assessment

Key players profiled in the global stearic acid market include:

  • US chemical company
  • P&G
  • AkzoNobel
  • BASF
  • Godrej,
  • Wilmar international
  • Oleon, VVF
  • Pacific Oleochemicals
  • Kuala Lumpur Kepong Berhad (KLK)
  • Kao Chemicals

 

Global stearic acid market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions. For instance, on June 9, 2016, Kao Chemicals Europe, S.L. concluded an asset acquisition agreement of Chimigraf Holding, S.L.

 

Key Findings of the Report:

 

Global stearic acid market expanding at significant CAGR over 2019 to 2025 to reach market value of US$ XX Mn by 2025 owing to increased application in food industry cosmetic industry and pharmaceutical industry.

  • Based on application, personal care industry accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on mergers and acquisitions strategies to retain market position in global stearic acid market

 

Detailed Segmentation

 

By Application

  • Personal Care Industry
  • Food Industry
  • Pharmaceutical & Biomedical Science Industry
  • Industrial Uses

 

By End Users

  • Personal Care
  • Food and Beverages
  • Healthcare, Textile
  • Automotive
  • Agriculture,
  • Others

 

Geography

 

North America

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

Middle East And Africa

  • South Africa
  • Gulf Cooperation Council Countries(GCC)

 

Notable Market Developments: Stearic Acid Market

  • On June 9, 2016, Kao Chemicals Europe, S.L. concluded an asset acquisition agreement of Chimigraf Holding, S.L.

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, country market share, historic market (2014-2016) and forecast (2018-2025)
  • The report covers in-detail insights about the competitor’s overview, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Table of Content

  1. Executive Summary
  2. Global Stearic Acid Market Introduction
    • Global Stearic Acid Market – Taxonomy
    • Global Stearic Acid Market –Definitions
      • Application Type
      • End User Type
  1. Global Stearic Acid Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Stearic Acid Market Dynamic Factors – Impact Analysis
    • Global Stearic Acid Market – Competition Landscape
  2. Global Stearic Acid Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Stearic Acid Market, By Type of Application, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Personal Care Industry
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Food Industry
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceutical and Biomedical Science Industry
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial Use
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 20254 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Stearic Acid Market Forecast, By End User, 2014 – 2018 and Forecast, 2019 – 2025
    • Personal Care
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Food and Beverages
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Textile
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 20254 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Agriculture
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Stearic Acid Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Stearic Acid Market – Opportunity Analysis Index, End Users, Application, and Region, 2019 – 2025
  2. North America Stearic Acid Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care Industry
      • Food Industry
      • Pharmaceutical and Biomedical Industry
      • Others
    • End Users Industry Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care
      • Food and Beverages
      • Healthcare
      • Textile
      • Automotive
      • Agriculture
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Stearic Acid Market – Opportunity Analysis Index, Type of Application, By End Users Industry, and Country, 2019 – 2025
    • North America Stearic Acid Market Dynamics – Trends
  3. Europe Stearic Acid Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care Industry
      • Food Industry
      • Pharmaceutical and Biomedical Industry
      • Others
    • End User Industry Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care
      • Food and Beverages
      • Healthcare
      • Textile
      • Automotive
      • Agriculture
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • France
      • K
      • Russia
      • Italy
      • Spain
      • Rest of Europe
    • Europe Stearic Acid Market – Opportunity Analysis Index, Type of Grass, Application, and Country, 2019 – 2025
    • Europe Stearic Acid Market Dynamics – Trends
  4. Asia-Pacific Stearic Acid Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care Industry
      • Food Industry
      • Pharmaceutical and Biomedical Industry
      • Others
    • End User Industry Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care
      • Food and Beverages
      • Healthcare
      • Textile
      • Automotive
      • Agriculture
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Stearic Acid Market – Opportunity Analysis Index, Type of Grass, Application, and Country, 2019 – 2025
    • Asia-Pacific Stearic Acid Market Dynamics – Trends
  5. Latin America Stearic Acid Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care Industry
      • Food Industry
      • Pharmaceutical and Biomedical Industry
      • Others
    • End User Industry Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care
      • Food and Beverages
      • Healthcare
      • Textile
      • Automotive
      • Agriculture
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Stearic Acid Market – Opportunity Analysis Index, Type of Grass, Application Industry, and Country, 2019 – 2025
    • Latin America Stearic Acid Market Dynamics – Trends
  6. Middle East and Africa Stearic Acid Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type of Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care Industry
      • Food Industry
      • Pharmaceutical and Biomedical Industry
      • Others
    • End User Industry Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Personal Care
      • Food and Beverages
      • Healthcare
      • Textile
      • Automotive
      • Agriculture
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Stearic Acid Market – Opportunity Analysis Index, Type of Grass, Application Industry, and Country, 2018 – 2024
    • MEA Stearic Acid Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Drug Class & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • US chemical company
      • P&G
      • AkzoNobel
      • BASF
      • Godrej,
      • Wilmar international
      • Oleon, VVF
      • Pacific Oleochemicals
      • Kuala Lumpur Kepong Berhad (KLK)
      • Kao Chemicals
  1. Research Methodology
  2. Key Assumptions and Acronyms