The report on the Global Stearic Acid Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Stearic acid is a solid wax like long chain of saturated fatty acid. It is usually found more in animal fat than in vegetable fat. It primarily occurs as a mixed triglyceride which is colourless and completely insoluble in water. Commercial stearic acid is composed of equal amounts of natural stearic acid and palmitic acids. Stearic acid when used in cosmetics, plays the role of hardener or thickener.
Stearic acid is used in making various essential items like skin cleansers, cosmetics, shaving soaps, candles, lubricants and pharmaceuticals. It can act a surfactant and softening agent. Because it is inexpensive and benign, there are various derived uses of stearic acid. Some of its niche uses include making plaster castings and molds from clay, lead acid batteries.
Depending on its area of application, stearic acid is used in soaps and detergents, as intermediates, personal care products, rubber processing, textiles, lubricants and others. Owing to high-expected growth of developing economies and increasing consumer demand for automobiles and personal care products, the stearic acid market is expected to remain strong in near future. The increasing demand for oil and gas industry, plastics and coating products will drive its growth. However, due to its toxicity and carcinogenic properties, the growth of stearic acid market may get hampered.
Increasing industrial growth in Asia Pacific, Latin America and Middle East and Africa will drive demand for stearic acid in these markets. In addition, North America and Europe will witness steady demand for the forecasted period.
The prominent market players manufacturing stearic acid include:
- P&G Chemicals
- VVF LLC
- The Chemical Associates
- Croda International Jarchem Industries
- Nissan Chemicals
SEGMENTATIONS IN REPORT:
Stearic Acid By Application
- Soaps And Detergents
- Intermediates
- Personal Care
- Rubber Processing
- Textile
- Lubricants
- Others
Stearic Acid By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Stearic Acid Market has been exhibited in detail in the following chapters -
Chapter 1 Stearic Acid Market Preface
Chapter 2 Executive Summary
Chapter 3 Stearic Acid Industry Analysis
Chapter 4 Stearic Acid Market Value Chain Analysis
Chapter 5 Stearic Acid Market Analysis By Application
Chapter 6 Stearic Acid Market Analysis By Geography
Chapter 7 Competitive Landscape Of Stearic Acid Companies
Chapter 8 Company Profiles Of Stearic Acid Industry