Latest News- Stearic Acid Market: Personal care is expected to lead the Application segment during 2025-2029

The Stearic Acid Market is being driven by Growing demand from personal care industry

The Stearic Acid Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 468.9 million. In the business realm, stearic acid has emerged as a valuable commodity due to its extensive applications. Major corporations have invested significantly in research and development to expand its usage, particularly in metal processing and candle manufacturing. The unique molecular structure of stearic acid, featuring an OH-group and the presence of 12-hydroxy stearate, enables it to dissolve in polar solvents, making it indispensable in metal processing. Additionally, in the candle industry, stearic acid acts as a wax additive, lowering paraffin's melting point, enhancing dye colors, increasing candle whiteness, facilitating mold release, imparting opacity, and contributing to the overall hardening and improved performance of candles. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Personal care
  • Food and beverages
  • Healthcare
  • Textile
  • Others
• Form Factor
  • Flakes
  • Powder
  • Liquid
• End-user
  • Vegetable-based Raw Materials
  • Animal-based Raw Materials
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand from personal care industry
• Growing demand from soaps and detergent industries
• Abundant availability of raw materials

However, the market also witnesses some limitations, which are as follows:

• Volatility in raw material prices
• Harmful effects of stearic acid on health
• Low water solubility

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Market Scope in Stearic Acid Market Research Report

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Research Analysis Overview

The Octadecanoic Acid market encompasses various applications, including Personal Care for Soaps and Detergents in the Cosmetics Industry. It is also utilized in Rubber Processing, Pharmaceuticals, Textile Sizing, and as an Emulsifying Agent. Saturated Fatty Acid is used in Lubricant Production, Soap Stabilization, and Detergent Thickening. Bio-based Chemicals derived from Palm Oil, Animal Fats, and Vegetable Oils expand its usage in Skin Care, Hair Care, Candle Making, Plastic Additives, Metal Polishing, Food Emulsifiers, Stearate Salts, and Surfactant Agents. Furthermore, it is applied as a Coating Material, Adhesive Formulation, Grease Production, and Polymer Stabilizer.

Market Research Overview

The global commodity chemicals market encompasses businesses specializing in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably excluded are companies producing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, the market's size is determined by the collective revenue generated by manufacturers of these industrial and basic chemicals. Key growth drivers for the commodity chemicals market include the escalating demand for plastic packaging. As plastic is the predominantly utilized material in the global packaging sector, the increasing preference for lightweight, corrosion-resistant materials has spurred continuous innovation, significantly influencing the chemicals industry's role in the production of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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