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Global Isostearic Acid Market is Projected to Record 7.3 % CAGR in Near Future

Published Date:   October 2015

The global isostearic acid market held a value of $290.7 million in 2014, and which is projected to grow at a CAGR of 7.3% during the forecast period 2015 - 2020. This significant growth rate is attributed to the growing cosmetics market and rise in lubricants and greases market.

Based on the end users of isostearic acid, the chemical esters category accounted for the largest share in the isostearic acid market throughout historic period. In addition, the lubricants and greases category are expected to show highest growth at a CAGR of 8.4% during the forecast period, in terms of value.

On the basis of Geography, the European region held the largest market value for isostearic acid in the global isostearic acid market, in 2014. The growth in the region’s market is majorly due to the increasing demand for cosmetics and personal care products. Additionally, the per capita consumption and exports of cosmetic products are fueling the demand of region’s isostearic acid market. In contrast to market value, the Asia-Pacific (APAC) region is projected to be exhibit an upsurge at a good pace with a CAGR of 8.9%, which can be led by exports of personal care and cosmetic products from China, South Korea, and Japan. The APAC market offers growth opportunities for the isostearic acid market players, due to high demand for lubricants and greases. The rise in automobile production, followed by growing industrial development, are the key catalyzing factor for the rise in demand of lubricants and greases, which in turn is impacting the demand of isostearic acid in APAC region.

The rise in demand of cosmetic and personal care products is driving the isostearic acid market globally. Isostearic acid has its applications in the manufacture of personal care products and cosmetics, such as lip gloss, lipsticks, and sunscreen creams; and toiletries products such as liquid soaps. In addition, the market of beauty products is driven by increase in aging population, and growth in disposable income. Further, the major cosmetic companies such as The Estée Lauder Companies Inc. (the U.S.), Avon Products Inc. (the U.S.), L’Oreal Group (France), and Oriflame Cosmetics (Luxembourg) are introducing new variants continuously, which are expected to increase the market penetration of the cosmetics industry. Thus, this high market penetration of cosmetic and personal care products, is expected to provide ample amount of opportunities for the growth of the isostearic acid market in the forthcoming years as well.

Change in consumer preference for bio-ingredient-based products from petrochemical derivatives is anticipated to create strong growth opportunities for the isostearic acid market players. Fluctuations in the prices of petrochemical derivatives, in coherence with growing health concerns due to the presence of volatile organic compounds and toxicity, are the major factors restraining the growth of petrochemical derivatives, and hence provides growth opportunities for the isostearic acid.

However, isostearic acid price is high comparatively its substitutes, which limits its usage in the end-use industries. The substitutes include erucic acid, oleic acid, palmitic acid, myristic acid, lauric acid, ricinoleic acid, behenic acid, stearic acid, and coconut fatty acid, which are available at lower prices in the market.

The major market players operating in the global isostearic acid market are Arizona Chemical Company LLC, Croda International Plc, Oleon NV, Nissan Chemical America Corporation, Jarchem Industries Inc., and Emery Oleochemicals (M) Sdn Bhd.

Explore Report Description with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/isostearic-acid-market

The information and data in the publication “Global Isostearic Acid Market Size, Share, Development, Growth and Demand Forecast to 2020”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of top-down and bottom-up approach has been used to calculate the market size. P&S Intelligence analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

ISOSTEARIC ACID MARKET SEGMENTATION

Isostearic Acid Market by End-User

  • Chemical Esters
  • Personal Care
  • Lubricants and Greases
  • Others

GEOGRAPHICAL SEGMENTATION

Isostearic Acid Market by Region

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • The U.K.
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Rest of Asia-Pacific
  • Rest of the World (RoW)