Free Webex Call
The Global Stearic Acid Market was valued at around $ 8.47 billion in 2018 and is projected to reach nearly $ 11.5 billion by 2024. Rising awareness among consumers about benefits of personal care products is resulting in higher usage of cosmetics and personal care products, which is anticipated to drive the Global Stearic Acid Market. Stearic acid is a waxy solid, saturated fatty acid that is derived from animal fat and vegetable oils. Stearic acid market is gaining momentum owing to powerful cleansing and surfactant properties that facilitate removal of oil and dirt in the skin. In addition, the growing utilization of stearic acid in various industries including, automotive, construction and cleaners are likely to boost the growth of the stearic acid market over the forecast period. Growing demand for sustainable and biodegradable products due to decreasing petrochemical dependence is expected to remain a key driving factor in the stearic acid market.Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
The market for stearic acid has been segmented into type, end-use, distribution channel and region. Among types, vegetable-based segment is anticipated to lead the Global Stearic Acid Market. Based on application, the market is categorized into Soaps & Detergents, Personal Care, Textiles, Lubricants, Rubber Processing and Others (Pharmaceutical, Automotive, Plastics, etc.). Soaps & Detergent segment holds the maximum share in the global stearic acid market backed by rising preference 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.
Based on distribution channel, the market is bifurcated in direct sales and distributors sales. In 2018, distributors sales held the maximum share in the global 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 clients in the long run. Regionally, Asia- Pacific is the largest consumer of stearic acid globally owing to increasing investment in major downstream sector such as chemicals, automotive, textiles, pharma & biotechnology, etc.
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 the Global Stearic Acid Market size.
- To forecast the Global Stearic Acid Market based on type, end-use, distribution and region.
- To identify drivers, challenges and trends the Global Stearic Acid Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Stearic Acid Market.
- To conduct pricing analysis for the Global Stearic Acid Market.
- To identify and analyze the profile of leading players involved in the manufacturing of stearic acid.
Some of the leading players in Global stearic acid market are VVF (Global) Limited, Akzo Nobel Oleo Chemicals, Emery Oleochemicals, Proctor & Gamble Chemicals, PMC Biogenix, Twin Rivers, Kao Chemicals, among others.
Both primary as well as exhaustive secondary research were performed for this study. Initially, a list of leading manufacturers across the globe was sourced. Subsequently, primary research surveys were conducted with the identified companies were conducted. While interviewing, the respondents were also enquired about their competitors. Through this technique, the manufacturers which could not be identified due to the limitations of secondary research could be included could be included. The product offerings, distribution channels and presence of all major players operating in the Global Stearic Acid Market were anaylsed.
The Global Stearic Acid Market size was calculated by using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. These values were sourced from the industry experts and company representatives and externally validated through analyzing historical data of these product types and, applications for getting an appropriate overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Stearic acid manufacturers, exporters, importers, suppliers and other stakeholders
- Organizations, forums and alliances related to stearic acid market
- Government bodies such as regulating authorities and policy makers
- 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 the market opportunities.
Report Scope:
In this report, the Global Stearic Acid Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Type:
- Vegetable based
- Animal based
Market, by End-Use:
- Soaps & Detergents
- Rubber Processing
- Textiles
- Personal Care
- Lubricants
- Others
Market, by Region:
- Asia- Pacific
- Europe
- North America
- South America
- Middle East & Africa
Market, by Distribution Channel:
- Direct
- Distributors
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Stearic Acid Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
Profit Margin Analysis in case of direct and indirect sales channel.
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary4. Voice of Customer12. Market Trends & Developments14. Strategic Recommendations
5. Global Stearic Acid Market Outlook
6. Asia-Pacific Stearic Acid Market Outlook
7. Europe Stearic Acid Market Outlook
8. North America Stearic Acid Market Outlook
9. South America Stearic Acid Market Outlook
10. Middle East and Africa Stearic Acid Market Outlook
11. Market Dynamics
13. Competitive Landscape
List of Figures:
Companies Mentioned
A selection of companies mentioned in this report includes:
- Akzo Nobel Oleochemicals Limited
- Emery Oleochemicals
- Proctor & Gamble Chemicals
- PMC Biogenix
- Twin Rivers
- VVF Limited
- Wilmar International
- Oleon NV
- Kao Chemicals
- Pacific Oleochemicals Sdn Bhd