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Stearic Acid Market Outlook 2024: Top Companies, Trends and Future Prospects Details for Business Development

Stearic Acid

The report focuses on the favorable Global “Stearic Acid market” and its expanding nature. The Stearic Acid market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The market for stearic acid is expected to grow at a CAGR of more than 5% during the forecast period of 2019 – 2024. Major factors driving the market studied are the increasing need for personal care products and the rising application in lead-acid batteries. However, fluctuating prices of raw materials is expected to hinder the growth of the market studied.
  • – Personal care industry dominated the market in 2018 and is expected to grow during the forecast period owing to the increasing oil and gas activities across the world.
  • – Advancement in sunflower oil varieties containing high stearic and oleic acids is likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

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    Key Manufacturers

  • IOI Oleochemicals
  • Kuala Lumpur Kepong (KLK)
  • PT.SUMI ASIH
  • PT.Cisadane Raya Chemicals
  • Pacific Oleo
  • Taiko
  • VVF LLC
  • Emery Oleochemicals
  • Acme Synthetic Chemicals
  • Acme-Hardesty Paras Polymer and Chemicals
  • New Japan Chemical Co. Ltd
  • Nimir Industrial Chemicals Limited
  • Chant Oil Co. Ltd
  • Protea Chemicals
  • 3F Industries Ltd
  • The Chemical Company
  • Rugao City Shuangma Chemical Co. Ltd
  • Dongma
  • Ruixing
  • P&G

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Stearic Acid market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Stearic Acid market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Stearic Acid market have also been involved in the study.

    Scope of the Report:

  • This report studies the global Stearic Acid market size, industry status and forecast, competition landscape and growth opportunity.

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    TOC of Stearic Acid Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Stearic Acid market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Stearic Acid Market Report Covered:

    • The report analyses how Stearic Acid market will grow in the future.
    • Analyzing various perspectives of the Stearic Acid market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Stearic Acid market shares and policies employed by the major market players.
    • Competitive landscape including the Stearic Acid market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Stearic Acid market players

    Key Market Trends:

    Increasing Demand from Personal Care Industry

    – Stearic acids are fatty acids that are derived from animal or vegetable fat oils after hydrogenation. It is widely used in the personal care and cosmetics industry as a surfactant and emulsifying agent.
    – Stearic acid is generally used for the production of stearates, such as sodium stearate, magnesium stearate or calcium stearate, which is a component of personal care products. It is used in more than 3200 skincare and hair care products in recent times.
    – Stearic acid has large number of applications in the soaps & detergent. It primarily fulfils the role of a thickener and a hardener, which helps the soap bar to retain its shape. It is because of stearic acid that soap particles are able to attach to dirt particles, loosening them so that they can be washed away with water.
    – Furthermore, the growing awareness for personal health and hygiene along with increasing beauty consciousness is expected to drive the demand for stearic acid over the forecast period.

    Asia-Pacific Region to Dominate the Market

    – The detergent and cosmetics industry is expected to contribute majorly in the use of stearic acid in the region.
    – The market is supported by the leading global giants situated in the region, such as L’Oreal, Procter & Gamble, Henkel, Unilever, and more.
    – These companies are likely to expand production with growing needs and demand for cosmetics and detergents. The strong and robust cosmetics industry is driven by cutting edge in innovation and creativity.
    – With the various R&D, expansions and investments in cosmetic products, the market for stearic acid is expected to grow at a significant rate in the region, during the forecast period.

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    Study objectives of Stearic Acid Market Report:

    • To provide a detailed analysis of the market structure along with the Stearic Acid market forecast of various segments and sub-segments of the Stearic Acid market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Stearic Acid market trends that influence the global Stearic Acid market

    Detailed TOC of Stearic Acid Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Increasing Need for Personal Care Products
    4.1.2 Rising Application in Lead-acid Batteries
    4.2 Restraints
    4.2.1 Fluctuating Prices of Raw Materials
    4.2.2 Carcinogen Effect in High Concentrations
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Feedstock
    5.1.1 Animal-based Raw Materials
    5.1.2 Vegetable-based Raw Materials
    5.2 Application
    5.2.1 Soaps and Detergents
    5.2.2 Textiles
    5.2.3 Lubricants
    5.2.4 Personal Care
    5.2.5 Rubber Processing
    5.2.6 Others
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.2.3 Mexico
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Rest of Europe
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 IOI Oleochemicals
    6.4.2 Kuala Lumpur Kepong (KLK)
    6.4.3 PT.SUMI ASIH
    6.4.4 PT.Cisadane Raya Chemicals
    6.4.5 Pacific Oleo
    6.4.6 Taiko
    6.4.7 VVF LLC
    6.4.8 Emery Oleochemicals
    6.4.9 Acme Synthetic Chemicals
    6.4.10 Acme-Hardesty Paras Polymer and Chemicals
    6.4.11 New Japan Chemical Co. Ltd
    6.4.12 Nimir Industrial Chemicals Limited
    6.4.13 Chant Oil Co. Ltd
    6.4.14 Protea Chemicals
    6.4.15 3F Industries Ltd
    6.4.16 The Chemical Company
    6.4.17 Rugao City Shuangma Chemical Co. Ltd
    6.4.18 Dongma
    6.4.19 Ruixing
    6.4.20 P&G

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Advancement in Sunflower Oil Varieties Containing High Stearic and Oleic Acids

     

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

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