Authored By: Sarah
11 Jul 2024

 Stearic Acid Market Size to grow by USD 434.9 million between 2024-2028

According to a research report “ Stearic Acid Market” by Application (Personal care, Food and beverages, Healthcare, Textile, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 434.9 million, at a CAGR of  4.5% during the forecast period. In the cosmetics industry, stearic acid serves as a crucial additive, often blended with oleic, myristic, and palmitic acids, to produce high-quality cosmetic products such as creams, cakes, soaps, and pastes. This trend is driven by factors including demographic shifts, shorter product lifecycles, well-informed consumers, and urbanization, particularly in emerging markets in Asia Pacific, Latin America, and the Middle East. Stearic acid's functional attributes, including its surfactant properties, make it an indispensable ingredient in the production of effective and desirable personal care items.

Browse market data tables, figures, and in-depth TOC on “Stearic Acid Market” by Application (Personal care, Food and beverages, Healthcare, Textile, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Personal care segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

Stearic acid plays a pivotal role in the manufacturing process of various cosmetics and personal care products due to its versatile properties. As an additive, it contributes to the production of creams, powders, and pastes, enhancing their firmness, flexibility, binding, and extended shelf life. In the realm of beauty and personal care, stearic acid functions as an effective emulsifying, stabilizing, and thickening agent, delivering a soft and soothing sensation to the skin. Notably, the demand for stearic acid is escalating, driven by demographic shifts, increasing urbanization, and the proliferation of diverse product offerings in regions such as Asia Pacific, Latin America, and the Middle East.

APAC is forecasted to hold the largest market size by region in 2024

The Stearic Acid market witnesses significant growth due to its extensive applications in various industries, including cosmetics, pharmaceuticals, and food processing. This versatile compound's unique properties, such as high melting point and low toxicity, make it an indispensable ingredient in numerous formulations. Market trends indicate continued demand for sustainable production methods and eco-friendly alternatives, positioning Stearic Acid as a key player in the global chemical industry.

The Stearic Acid Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 3F Industries Ltd.
  • BASF SE
  • Cayman Chemical
  • ChemCeed
  • Croda International Plc
  • Emery Oleochemicals Group
  • Godrej and Boyce Manufacturing Co. Ltd.
  • IOI Corp. Berhad
  • Jarchem Industries Inc.
  • Kao Corp.
  • KLK Oleo
  • NIMIR INDUSTRIAL CHEMICALS LTD.
  • Nissan Chemical America Corp.
  • Oleon NV
  • Pacific Oleochemicals Sdn Bhd
  • Stepan Co.
  • TAIKO KIKAI INDUSTRIES Co. Ltd
  • The Procter and Gamble Co.
  • VVF Ltd.
  • Wilmar International Ltd.
.

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Research Analysis Overview

The Stearic Acid market is a significant segment of the Fats and Oils industry, with a global production volume of over 1.5 million tons annually. Stearic Acid is a saturated fatty acid, characterized by long hydrocarbon chains with a carboxyl group at one end. It is derived from various natural sources, including palm oil, cocoa butter, and shea butter. Stearic Acid finds extensive applications in various industries. In the textile sector, it is used as a textile sizing agent. In the cosmetics industry, it is used in the production of sodium stearate, which is a key ingredient in cosmetic items such as soaps, lotions, and creams. It is also used in the manufacturing of candles, candles, and personal care products due to its low toxicity and excellent emollient properties. Stearic Acid is also used in the production of detergents and soaps, lubricants, automotive batteries, and agrochemicals. However, it is essential to note that prolonged exposure to high temperatures and certain industrial processes can lead to the formation of carcinogenic compounds. Therefore, it is crucial to ensure clean surroundings and adhere to safety protocols during its production and usage. In addition to its industrial applications, Stearic Acid is also used in food items, such as chocolate and confectionery, as a hardening agent. It is also used in medicines as a binder and coating agent. Overall, Stearic Acid is a versatile chemical with a wide range of applications, from candle manufacturing to metal cleaning, making it a vital component in various industries.

Market Research Overview

The Stearic Acid market encompasses a wide range of applications in various industries, including the natural cosmetics industry, candle manufacturing, metal cleaning, plastics, and more. Stearic acid is a saturated fatty acid, characterized by its long hydrocarbon chains and a carboxyl group. It is derived from natural sources such as fats and oils, including animal-based raw materials like animal fat and vegetable-based raw materials like sunflower oils, palm oil, cocoa butter, and shea butter. In the cosmetics industry, stearic acid is used as an emulsifier, emollient, and surfactant in skincare products like sunscreens, infant lotions, and moisturizers. It also acts as an occlusive agent in cosmetics and has applications in the textile sector as a textile sizing agent. In the food industry, stearic acid is used as a food additive and in the production of biosynthetic technologies. Stearic acid is also used in the manufacturing of calcium stearate, magnesium stearate, and sodium stearate, which have various applications in industries such as pharmaceuticals, automotive batteries, and detergents. The feedstock segment of the Stearic Acid market is dominated by the Asia Pacific region, which is also the largest consumer of biodegradable products. The market is expected to grow due to the increasing demand for natural and eco-friendly products and the versatility of stearic acid in various industries. However, concerns regarding the carcinogen effects of stearic acid and its production process need to be addressed to ensure clean surroundings and sustainable production methods. Stearic acid is used in various applications such as candles, shaving foams, soaps, and detergents, making it a crucial raw material in various industries. Other applications include rubber processing, lubricants, and medicines. Overall, the Stearic Acid market is expected to grow due to its diverse applications and increasing demand for natural and eco-friendly products.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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