According to a new market report published by Credence Research “Global Isostearic Acid Market
Growth, Future Prospects and Competitive Analysis, 2016 – 2023,”
the isostearic acid market is expected to reach over US$ 539 Mn by 2023,
expanding at a CAGR of 7.1% from 2016 to 2023.
Browse the full Isostearic Acid
Market for Personal Care, Chemical Esters, Lubricant & Greases and
others Applications- Growth, Share, Opportunities, Competitive Analysis,
and Forecast 2015 – 2023 report at http://www.credenceresearch.com/report/isostearic-acid-market
Market Insights
Global isostearic acid market revenue is
expected to grow at significant rate of 7.1% over the forecast period
2016-2023. Growing demand for lubricants and greases due to increasing
automotive and industrial activities is expected to drive the growth of
isostearic acid market over the forecast period. According to industry
experts, lubricants and greases is expected to remain the key driver for
isostearic acid market coupled with increasing demand for personal care
owing to growing per capita consumption and increasing export of
cosmetic products especially in region such as Europe which is
anticipated to fuel the growth of isostearic acid market. Growing demand
for isostearic acid due to growing food and chemical industry is
expected to fuel the demand for chemical esters segment over the
forecast period. In 2015, Europe was observed as the largest and Asia
pacific was the fastest growing market for isostearic acid with XX% and
XX% market share by value respectively. Due increasing personal care and
cosmetics industry exports from China, Japan and South Korea; over past
few years isostearic acid is gaining popularity in personal care
application in Asian countries. The market for isostearic acid in Latin
America and Middle East & Africa is likely to grow considerably
during the forecast period owing to increase in utilization of
isostearic acid in lubricants and Greases.
Competitive Insights:
Croda International plc (United Kingdom),
Arizona Chemicals (United States), Oleon NV (Belgium), Nissan Chemical
Industries, Ltd. (Japan), Emery Oleochemicals (Malaysia) and Jarchem
Industries, Inc. (United States) are key manufacturers in isostearic
acid market. Manufacturers are expanding their plant capacities to match
the growing demand of Isostearic Acid. Three fourth of the market share
is enjoyed by the top two isostearic acid manufacturing groups.
Key Trends:
- Growing demand from lubricants and greases
- Growing array of applications in personal care industry
- Increasing exports of personal care products from Asia pacific
- Growing demand from food and chemical industry
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