Global isostearic acid market volume by application, 2012 - 2020 (Kilo Tons) |
According to the
findings of a report published by Grand View Research, Inc.; the global IsostearicAcid Market is predicted to reach at USD 447.9 million by 2020. Isostearic acid
is a liquid fatty acid, which is produced by the reaction of a natural mineral
catalyst with oleic acid. This acid has high odor, thermal, and oxidation
stability and thus finds many uses in a wide range of applications such as
textiles, chemical esters, packaging, personal care, and many others. It also
possesses excellent ultraviolet (UV) resistant properties and thus is useful in
various types of cosmetic products such as sunscreens, lip gloss, lipsticks,
and several other personal care products including shower and bath gels, toilet
soaps, and so on. Rapidly expanding end-user industries is expected to be the
key factor driving the global market over the forecast years (from 2014 to 2020).
A rise in demand
for various personal care products, especially in the Latin America and Asia
Pacific regions, is predicted to contribute toward the growth of the global
market over the forecast period. Moreover, high demand for this acid due to
rapidly expanding food and chemical sectors across the globe is also estimated
to augment the overall market expansion. In addition, demand for the products
based on bio-ingredients has increased drastically as a result of the rising
health concerns and awareness among consumers about the hazardous nature of the
petrochemicals-based products. This factor is also anticipated to boost the
global market for isostearic acid over the next few years.
Full
Research Report On Isostearic Acid Market Analysis: https://www.grandviewresearch.com/industry-analysis/isostearic-acid-market
On the other
hand, high costs associated with isostearic acid, on account of its limited
supply, is likely to have a negative impact on the market development. However,
increased expenditure for research and development (R&D) to expand the production
capacity of the plants producing isostearic acid and to commercialize the new
manufacturing plants is anticipated to provide potential growth opportunities
for the market players. Thus, opening up new manufacturing facilities may also
aid the manufacturers in reducing prices of this acid in near future.
The global
isostearic acid market is categorized as per application and region. On the
basis of application, the market is categorized as personal care, chemical
esters, lubricants and greases, and others. On the basis of geographies, the
market segments include Asia Pacific, Europe, North America, and Rest of the
World (RoW). The Europe regional market dominated the global market in 2013. Rising
demand for cosmetics from various economies in the region such as United
Kingdom, Italy, France, and Germany is predicted to remain the major factors
driving expansion of the regional market. In addition, swift growth in the
personal care industry in East European nations such as Russia, Poland, and
Ukraine is also predicted to boost the overall regional growth over the next
few years.
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More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/renewable-chemicals
Furthermore,
strict rules and regulations by various government bodies in this region to
reduce the dependency on the products based on petrochemical are also projected
to augment expansion of the regional market over the coming years. The presence
of isostearic acid manufacturing plants of major companies in various European
countries is also likely to contribute toward the development of the regional
market. The APAC region is also predicted to experience a higher growth rates
over the forecast period as a result of rising consumer disposable income along
with the demand for high-quality, branded personal care products in the region.
Some of the major
companies operating in the global isostearic acid market include Arizona
chemicals; Croda International PLC; Jarchem Industries, Inc.; Emery
Oleochemicals Sdn Bhd; and Nissan Chemical Industries, Ltd. Global expansion,
mergers and acquisitions, and new product development are some of the key
market strategies followed by most of these players to gain maximum market
share. For example, BASF SE has claimed an invention directed to the
preparation of esters by reacting the mixture of acids containing 70 weight-%
of poly-branched or mono-branched, saturated C16-22 fatty acids with Guerbet
alcohols and the use of the esters derived from Guerbet alcohols to enhance the
seal compatibility of lubricants.
View Press
Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-isostearic-acid-market
About Grand
View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
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For More Information: www.grandviewresearch.com
For More Information: www.grandviewresearch.com