According to a market report by Lucintel, the future of the isostearic acid market looks promising with opportunities in the cosmetics & personal care, chemical ester, and lubricant & grease sectors. The global isostearic acid market is expected to reach an estimated $479.4 million by 2028 with a CAGR of 6.8% from 2023 to 2028. The major drivers for this market are significant application of this acid as emulsifiers in personal care and cosmetic products, growing preference for bio-based products, and extending use of this acid as a thickening agent, stabilizer, and emulsifier in the food industry.
In this market, adhesives, coatings & painting, finishing agents, solvents, and surfactants are the major product segments. Lucintel forecasts that the adhesive segment is expected to witness the highest growth over the forecast period due to the considerable use of isostearic acid as an additive in adhesive lubricants for personal care items and paints.
Within this market, chemical ester is expected to remain the largest segment due to the extensive use of this product in personal care and industrial applications and widespread utilization of isostearic acid in the production of various chemical esters, such as isopropyl isostearate, glyceryl isostearate, and isostearyl isostearate.
APAC will remain the largest region due to the extensive demand for isostearic acid from various end use industries, such as cosmetics & personal care, methyl esters, and lubricants and greases, in the region.
Jarchem Industries, Croda International, Oleon NV, Parchem Fine & Specialty Chemicals, Kokyu Alcohol Kogyo, KlkEmmerich, and Kratonare the major suppliers in the global isostearic acid market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global isostearic acid market by product type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Isostearic Acid Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global isostearic acid market by product type, end use industry, and region, as follows:
Isostearic Acid Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:
Adhesives
Coatings & Paintings
Finishing Agents
Solvents
Surfactants
Others
Isostearic Acid Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
Cosmetics & Personal Care
Chemical Esters
Lubricants & Greases
Others
Isostearic Acid Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us athelpdesk@lucintel.com.
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This report answers the following 11 key questions: Q.1. What are some of the most promising, high-growth opportunities for the global isostearic acid market by product type (adhesives, coatings & paintings, finishing agents, solvents, surfactants, and others), end use industry (cosmetics & personal care, chemical esters, lubricants & greases, and others),and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?