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India Stearic Acid Market By Type (Vegetable Based vs Animal Based), By End Use (Soaps & Detergents, Rubber Processing, Textiles, Personal Care & Others), By Distribution Channel (Distributors vs Direct), Competition, Forecast & Opportunities, 2024

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    Report

  • June 2019
  • Region: India
  • TechSci Research
  • ID: 4790324
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The Indian stearic acid market was valued at around $ 216 million in 2018 and is projected to reach nearly $ 344 million by 2024, exhibiting a CAGR of 8.6%. Increasing awareness about benefits of personal care products among customers is resulting in higher usage of cosmetics and personal care products as they protect their skin from harmful UV rays, besides providing other benefits. Moreover, increasing disposable income and purchasing power of the population is further leading to the high demand for cosmetics and personal care products, thereby fueling growth in the stearic acid market as well. Moreover, favorable government policies are expected to drive investment in the industrial sector, thereby resulting in the increasing demand for stearic acid from end-use industries such as chemicals, lubricants, rubber processing and plastics.

The market for stearic acid has been segmented into type, end-use, distribution channel and region. Among types, the vegetable-based segment is anticipated to lead the Indian stearic acid market. Based on application, the market is categorized into Soaps & Detergents, Personal Care, Textiles, Lubricants, Rubber Processing and Others (Intermediates, Plastics, etc.). The soaps & detergent segment holds the maximum share in the Indian stearic acid market on the back of growing preferences for naturally produced stearic acid as a raw material in soaps and detergents production owing to their competitive prices and no harmful and allergic effects on humans. The soaps & detergent segment led the Indian steric acid market with market share of approximately 29% in 2018.

Based on distribution channel the market is bifurcated in direct sales and distributors sales. In 2018, distributors sales held the maximum share in the Indian stearic acid market. However, direct sales of stearic acid are expected to increase during the forecast period, backed by stearic acid manufacturers’ focus on maintaining and retaining more satisfied clients in long run.

Regionally, the market has been segmented as West, South, North and East. The Western region is the largest consumer of stearic acid in India and is anticipated to grow at a CAGR of 8.1% during the forecast period owing to increasing investment in major downstream sectors such as chemicals, automotive, textiles, pharma & biotechnology, etc.

Some of the leading players in the Indian stearic acid market are VVF (India) Limited, Godrej Industries Limited, 3F India Limited, Jocil Limited, Sheel Chand Agroils Private Limited, Fine Organics Industries Pvt. Ltd., TGV SRAAC Limited, Adani Wilmar Limited, Pioneer Agro Extracts Ltd., Ritesh International Limited, among others.

Years considered for this report:


  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

Objective of the Study:


  • To analyze and forecast India stearic acid market size.
  • To forecast the Indian stearic acid market based on type, end-use, distribution and region.
  • To identify drivers, challenges and trends India stearic acid market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India stearic acid market.
  • To conduct pricing analysis for India stearic acid market.
  • To identify and analyze the profile of leading players involved in the manufacturing of stearic acid.

Key Target Audience:


  • Stearic acid manufacturers, exporters, importers and suppliers
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the Indian stearic acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Type:


  • Animal based
  • Vegetable based

Market, By End-Use:


  • Soaps & Detergents
  • Personal Care
  • Textiles
  • Lubricants
  • Rubber Processing
  • Others

Market, By Region:


  • West
  • South
  • North
  • East

Market, By Distribution Channel:


  • Direct
  • Distributors

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian stearic acid market.

Table of Contents


1.    Stearic Acid: An Introduction & Component Classification2.    Research Methodology3.    Analyst View
4.    India Stearic Acid Market Outlook
4.1.    Market Size & Forecast
4.1.1.     By Value & Volume
4.2.    Market Share & Forecast
4.2.1.     By Type (Animal based Vs. Vegetable based)
4.2.2.     By End Use (Soaps & Detergents, Personal Care, Textiles, Lubricants, Rubber Processing and Others)
4.2.3.     By Distribution Channel (Direct v/s Distributors)
4.2.4.     By Region (North India, South India, West India and East India)
4.2.5.     By Company
4.3.    Market Attractiveness Index (By Type; By Distribution Channel; and By Region)

5.    West India Stearic Acid Market Outlook
5.1.    Market Size & Forecast
5.1.1.     By Value & Volume
5.2.    Market Share & Forecast
5.2.1.     By Type
5.2.2.     By End Use
5.2.3.     By Distribution Channel

6.    South India Stearic Acid Market Outlook
6.1.    Market Size & Forecast
6.1.1.     By Value & Volume
6.2.    Market Share & Forecast
6.2.1.     By Type
6.2.2.     By End Use
6.2.3.     By Distribution Channel

7.    North India Stearic Acid Market Outlook
7.1.    Market Size & Forecast
7.1.1.     By Value & Volume
7.2.    Market Share & Forecast
7.2.1.     By Type
7.2.2.     By End Use
7.2.3.     By Distribution Channel

8.    East India Stearic Acid Market Outlook
8.1.    Market Size & Forecast
8.1.1.     By Value & Volume
8.2.    Market Share & Forecast
8.2.1.     By Type
8.2.2.     By End Use
8.2.3.     By Distribution Channel

9.    Supply Demand Scenario
9.1.    Total Domestic Demand
9.2.    Total Domestic Supply
9.3.    Import & Export Analysis

10.    Key Export Markets
10.1.    List of Up To 5 Export Markets
10.1.1.    Total Demand in Up To 5 Export Markets

11.    Supply Chain Analysis
12.    Market Dynamics
12.1.    Drivers
12.2.    Challenges

13.    Market Trends & Developments14.    Policy & Regulatory Landscape15.    India Economic Profile
16.    Competitive Landscape
16.1.    Competition Outlook
16.2.    Company Profiles
16.2.1.    VVF (India) Limited
16.2.2.    Adani Wilmar Limited
16.2.3.    Godrej Industries Limited
16.2.4.    Jocil Limited
16.2.5.    3F India Limited
16.2.6.    TGV SRAAC Limited
16.2.7.    Sheel Chand Agroils Private Limited
16.2.8.    Fine Organics Industries Private Limited
16.2.9.    Ritesh International Limited
16.2.10.    Pioneer Agro Extracts Ltd.

17.    Strategic Recommendations
List of Figures
Figure 1: India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014–2024F
Figure 2: Growth of Index of Industrial Production, By Sector, 2013-2019 (% Calculated w.r.t. Previous Year; [Base: 2011-12=100])
Figure 3: Growth of Index of Industrial Production, By Group, 2013-2019 (% Calculated w.r.t. Previous Year; [Base: 2011-12=100])
Figure 4: Sector-wise Total Market Capitalization (USD Million, May 2019)
Figure 5: India Synthetic Fiber Production, By Volume, 2015-2018 (‘000 Tons)
Figure 6: India Organic Chemicals Production, By Volume, 2015-2018 (‘000 Tons)
Figure 7: India Manufacturing Sector Contribution to GDP, 2012-2017 (%)
Figure 8: India GDP & GVA Growth Rate, 2016-2018 (%)
Figure 9: India Infrastructure Industry Investments, 2012-2017 (USD Billion)
Figure 10: India Stearic Acid Market Share, By Type, By Value, 2014–2024F
Figure 11: Area, Production & Productivity of Oilseed in India, 2015-2018
Figure 12: Area, Production & Productivity of Coconut in India, 2014-2017
Figure 13: India Import of Vegetable Oil, 2014-2018 (‘000 Tons)
Figure 14: India Average Price Variation for RBD Palmolein and Crude Palm Oil, Oct-2017-Oct-2018 (USD/Ton)
Figure 15: India Stearic Acid Market Share, By End Use, By Value, 2014–2024F
Figure 16: India GVA Contribution (at Current Prices), By Sector, 2012-2018 (%)
Figure 17: India Sector-wise Volume Share of Industrial Lubricants, 2019
Figure 18: India Production of Consumer Goods, 2016-2018 (‘000 Tons)
Figure 19: India Pharmaceutical Market Size, By Value, 2020F-2024F (USD Billion)
Figure 20: India Surfactants Market Size, By Value, 2020F-2024F (USD Billion)
Figure 21: India Polymers Production, By Volume, 2015-2018 (‘000 Tons)
Figure 22: India Performance Plastics Production, By Volume, 2015-2018 (‘000 Tons)
Figure 23: India Stearic Acid Market Share, By Distribution Channel, By Value, 2014–2024F
Figure 24: India Retail Market Share, By Organized Vs Unorganized, By Value, 2018 & 2024F (%)
Figure 25: India Stearic Acid Market Share, By Region, By Value, 2018 & 2024F
Figure 26: India Stearic Acid Market Share, By Company, By Value, 2018
Figure 27: India Stearic Acid Market Attractiveness Index, By Type, By Value, 2019E-2024F
Figure 28: India Stearic Acid Market Attractiveness Index, By Distribution Channel, By Value, 2019E-2024F
Figure 29: India Stearic Acid Market Attractiveness Index, By Region, By Value, 2019E-2024F
Figure 30: West India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014–2024F
Figure 31: West India Stearic Acid Market Share, By Type, By Value, 2014–2024F
Figure 32: Gujarat Growth in GSDP, By Sector at 2012 Prices, 2015-2017
Figure 33: West India Stearic Acid Market Share, By End Use, By Value, 2014–2024F
Figure 34: West India Stearic Acid Market Share, By Distribution Channel, By Value, 2014-2024F
Figure 35: West India Plastic Consumption Share, By Volume, 2018
Figure 36: South India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014-2024F
Figure 37: Tamil Nadu Total FDI Inflows Data, 2012-2018 (USD Million)
Figure 38: South India Natural Rubber Production Share, By Volume, 2017
Figure 39: South India Stearic Acid Market Share, By Type, By Value, 2014–2024F
Figure 40: South India Fresh Fruit Bunches Share, By Volume, 2017
Figure 41: South India Crude Palm Oil Share, By Volume, 2017
Figure 42: South India Stearic Acid Market Share, By End Use, By Value, 2014-2024F
Figure 43: South India Stearic Acid Market Share, By Distribution Channel, By Value, 2014-2024F
Figure 44: North India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014–2024F
Figure 45: North India Stearic Acid Market Share, By Type, By Value, 2014–2024F
Figure 46: North India Share In India’s Geographical Area, By Volume, 2011
Figure 47: North India Share In India’s Population, 2011
Figure 48: North India Stearic Acid Market Share, By End Use, By Value, 2014–2024F
Figure 49: North India Stearic Acid Market Share, By Distribution Channel, By Value, 2014–2024F
Figure 50: North India Plastic Consumption Share, By Volume, By State, 2018
Figure 51: East India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014–2024F
Figure 52: Assam Total FDI Inflows Data, 2012-2018 (USD Million)
Figure 53: East India Natural Rubber Production Share, By Volume, 2017
Figure 54: East India Stearic Acid Market Share, By Type, By Value, 2014–2024F
Figure 55: West Bengal Growth in GSDP, By Sector at 2012 Prices, 2016-2018
Figure 56: East India Stearic Acid Market Share, By End Use, By Value, 2014–2024F
Figure 57: East India Stearic Acid Market Share, By Distribution Channel, By Value, 2014-2024F
Figure 58: India Stearic Acid Total Domestic Demand, By Volume (‘000 Tons), 2014–2024F
Figure 59: India Stearic Acid Total Domestic Supply, By Volume (‘000 Tons), 2014–2019E
Figure 60: India Stearic Acid Imports, By HS Code, By Value, 2014-2019E (USD Million)
Figure 61: India Stearic Acid Imports, By HS Code, By Volume, 2014-2019E ('000 Tons)
Figure 62: India Stearic Acid Exports, By HS Code, By Value, 2014-2019E (USD Million)
Figure 63: India Stearic Acid Exports, By HS Code, By Volume, 2014-2019E (‘000 Tons)
Figure 64: India Total Export & Import of Chemicals and Chemical Products, By Value, 2014-2018 (‘000 Tons)
Figure 65: India Shares in Imports of Chemicals, By Value, 2018
Figure 66: India Shares in Exports of Chemicals, By Value, 2018
Figure 67: India’s Import of Palm Oils, 2014-2019 (‘000 Tons)
Figure 68: India Total Export Demand Share of Stearic Acid, By Country, By Volume (0.03 Thousand Tons), 2019
Figure 69: India Total Export Demand Share of Stearic Acid, By Country, By Value (USD0.17 Million), 2019

List of Tables
Table 1: India Core Industry Growth Rate at Constant Prices, 2016-2018 (%)
Table 2: India Annual Percentage Change in Macroeconomic Indicators (2015-2018E)
Table 3: Country Specific Tariff on Stearic Acid
Table 4: India State-wise GSDP, As of 2017 (USD Billion)
Table 5: Revenue of Major Companies, By Value, 2018 (USD Million)
Table 6: Western Region Upcoming Smart Cities
Table 7: Real Estate Investment in Maharashtra and Gujarat, As of December 2018 (USD Billion)
Table 8: West India FDI Equity Inflows Data, 2018
Table 9: South India Natural Rubber Production Size, By Volume, 2017 (Tons)
Table 10: South India FDI Equity Inflows Data, 2018
Table 11: North India FDI Equity Inflows Data, 2018
Table 12: East India Natural Rubber Production Size, By Volume, 2017 (Tons)
Table 13: East India FDI Equity Inflows Data, 2018
Table 14: Import Duty-Bound Duty, Standard Duty and Current Applied Duty
Table 15: India Stearic Acid Raw Material Wholesale Price Index, 2011-2016 (Base Year: 2005 = 100)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 3F India Limited
  • Adani Wilmar Limited
  • Fine Organics Industries Private Limited
  • Godrej Industries Limited
  • Jocil Limited
  • Pioneer Agro Extracts Ltd.
  • Ritesh International Limited
  • Sheel Chand Agroils Private Limited
  • TGV SRAAC Limited
  • VVF (India) Limited

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