Stearic Acid Market 2021 New Developments in the Industry Aided Benefits to Market Growth
The global stearic acid market is competitive as large number of well-established petrochemical manufacturers are operating in this industry.
Dallas, United States – April 29, 2021 /MarketersMedia/ —
The driving factors influencing the global stearic acid market includes increasing application in personal care products such as soaps, shampoos, and shaving creams. With the increasing demand of organic cosmetic products the demand for the global stearic acid market is expected to project tremendous growth over the forecast period. The global stearic acid market is anticipated to cross USD 12.0 billion by 2025, growing at a CAGR of over 5.0%.
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The global stearic acid market is categorized into several segmentations including end use overview, raw material overview, and regions. Based on the raw material overview, the global stearic acid market is fragmented into Plant Based, Palm Oil/Palm, Kernel Oil, Sunflower Oil, Coconut Oil, and Soyabean Oil. On the basis of end use overview, the global stearic acid market is segregated into Cosmetics, Soaps & detergents, Rubber processing, Lubricants, Textile sizing, and Pharmaceuticals.
On the basis of application overview, the global rainscreen cladding market is classified into Household & Personal Care, Rubber, Automotive, Textile, Healthcare, Agriculture, and Others. Looping on to the regional overview, the global stearic acid market is a wide range to the Middle East and Africa, Egypt, Saudi Arabia, Canada, South Africa, Asia Pacific, Argentina, Mexico, Korea, and Columbia. Leading players of the global stearic acid market include BASF SE, Wilmar International Limited, Kerax Limited, Godrej Industries Limited, Emery Oleochemicals Group, Pacific Oleochemicals Sdn Bhd, and Kao Corporation.
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Key segments of the global stearic acid market
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
Soaps & detergents
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
Rest of Europe
Rest of Asia Pacific
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
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