Global stearic acid market is expected to reach USD 13.89 billion by 2028, at a CAGR of 7.06% from 2021 to 2028. The global Stearic Acid market is witnessing a considerable growth owing to high demand in personal care and soaps and detergents.
Stearic acid is a colourless, waxy solid that has a mild odour. This is soluble in oil but very little dissolves in water, so it floats on it. This saturated fatty acid is a primary constituent of both Cocoa and Shea butter. Stearic acid can be obtained from the fatty parts of plant sources like palm oil which is its natural source. Since it can be obtained from plant sources, it can be used in natural preparation and is a safer substitute for chemicals in the cosmetic products. Stearic acid is used to harden products. They are widely used in soap bars and candles. This help the soap in forming a rich lather that feels smooth and silky. This is also used in shaving foams because of the same foaming property. The occlusive nature of stearic acid helps the skin stay hydrated by stopping or slowing moisture loss from the skin’s surface. Stearic acid is used as a base for other ingredients that are used into the formulations as emollients, lubricants and emulsifiers. The stearic acid act as an effective stabilizer, thickener and softener in emulsions that adds a cooling sensation to the skin. This is also utilized for a pearly finish to the lubricants. Commercial stearic acid is a mixture of palmitic, stearic acid, and oleic acid, which are used in the manufacturing of soap, candles, lubricants, shaving cream etc. Stearic Acids are used as a base in cosmetics improves stability and increases the shelf life. Stearic acid uses as a surfactant and cleansing agent by cosmetic and detergent industries are propelling the stearic acid market. Stearic Acid in soap formulations act as thickeners and harden the formulas into solids. Surfactant quality of stearic acid reduces the surface tension of oils, which leads to easy mixing of water molecules with oil and enhances the product effectiveness, which improves its shelf life.
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There is a huge demand for stearic acid in making personal care products, detergents etc. This is due to its use as surfactant and cleansing properties which removes the oil and dirt from skin and clothes. So this is one of the factors driving the stearic acid market. Stearic acid helps to eliminate excess oil, sweat, and grime from hair and skin. This cleansing property makes it useful to add in the making of soap bars, face and body washes, shampoos and detergents. Also, there is an increase in the demand for personal care products, soaps etc. in the developed and developing countries, which in turn drive the stearic acid market. The awareness among people about cleanliness and hygiene increases the demand for personal care products. This also drives the stearic acid market.
The rise in awareness among the people about the health and environment are broadening the demand for sustainable and biodegradable products. Stearic acid because of its plant source are used widely used as a substitute to chemicals in the cosmetic products etc. The demand for biodegradable products is boosting the use of stearic acid in many products like candles, lubricants, cosmetics etc. Furthermore, the fluctuations in the prices of petrochemical product causes the supply and demand problem, due to supply chain problem. All such factors encourages to use the sustainable and biodegradable products, which in turn drives the Steric Acid market.
There is an increase in the use of lead-acid batteries, as it is widely used to electric power motors, motor vehicles and used as emergency power on nuclear submarines etc. The stearic acid is used in the manufacture of lead-acid batteries as a negative plate additive. So, there is an increase in demand of stearic acid for its rising application in Lead-acid batteries. Moreover, it is also used as a hardener in candies and for manufacturing dietary supplements.
The cost of raw materials always remains the top concern for stearic acid manufacturers. Stearic acid products produced from animal fats as a source are facing problems because of the protest by various animal rights organizations on product made from animal skin, fat etc. so this is acting as a major restraint for the market. The extreme price volatility of raw materials is a real challenge for many companies to remain competitive and assure sustainable margins.
The excess in the consumption of stearic acid product are responsible for many serious illness like cancer, liver toxicity and skin damage. The large doses of magnesium stearate have resulted in liver toxicity cases and the damaging of skin. Some of the side effects of stearic acid are development of rashes, itching and burning sensation, inflammation, blisters etc. These factors are hampering the market.
The rising demand for biodegradable products and the increase in the investment for R&D for product innovation are the opportunities that are going to drive the market. There is an increase in R&D spending for the better delivery of products, especially related to personal care products. Increase in the use of stearic acid in personal care products, including shampoos, shaving creams, and soap are the factors that are going to drive this market in the forecasting period.
The global stearic acid market has been segmented based on feedstock, end-user and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia-Pacific region emerged as the largest market for the Stearic Acid market, with a 41.35% share of the market revenue in 2020.
Asia Pacific Stearic Acid Market Share in 2020 - 41.35%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global stearic acid industry.
In November 2017, AkzoNobel completed the €4.8 million expansion project at its Surface Chemistry facility in Boxing, China, significantly increasing the company's regional product portfolio and reconfirming its commitment to the Asian market.
In August 2018, Wilmar International planned to expand in many regions and offer better market positioning by acquiring smaller and inefficient players that are selling their assets and leaving the industry amidst depressed soft commodity prices. For instance, acquisition of Renuka Sugar and Renuka Soya.
As per The Brainy Insights, the size of the stearic acid market was valued at USD 7.41billion in 2020 and is anticipated to reach USD 13.89 billion by 2028.
Global stearic acid market is growing at a CAGR of 7.06% during the forecast period 2021-2028.
The global stearic acid market has been segmented based on feedstock, end-user and regions. The vegetable-based raw materials segment held the highest market share in 2020.
The Asia Pacific region emerged as the largest market for the stearic acid.
High demand in personal care, soaps and detergents is the key driving factor for the stearic acid market.
Volatile raw material prices remains the top overall concern, which may hamper the market growth.
Development of 100% bio-based products, along with increasing R&D spending regarding product innovation will provide huge opportunities to the market.
The Chemical Company, VVF LLC, Cayman Chemical, U.S. Chemicals LLC, Deeno Group, Parchem.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Feedstock
4.3.2. Market Attractiveness Analysis By End User
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. High demand in personal care and soaps and detergents
5.2.2. Growing demand for sustainable and biodegradable products
5.2.3. Rising application in Lead-acid Batteries
5.3. Restrains
5.3.1. Volatile raw material prices
5.3.2. Hazards associated with consumption of higher product concentration
5.4. Opportunities
5.4.1. Development of bio-based products, along with increasing R&D spending regarding product innovation
6. Global Stearic AcidMarket Analysis and Forecast, By Feedstock
6.1. Segment Overview
6.2. Animal-based Raw Materials
6.3. Vegetable- based Raw Materials
7. Global Stearic AcidMarket Analysis and Forecast, By End User
7.1. Segment Overview
7.2. Personal Care
7.3. Food & Beverages
7.4. Healthcare
7.5. Textile
7.6. Automotive
7.7. Agriculture
7.8. Others
8. Global Stearic AcidMarket Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Stearic AcidMarket-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Stearic AcidMarket
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. The Chemical Company
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Type Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. VVF LLC
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Type Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Cayman Chemical
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Type Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. U.S. Chemicals LLC
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Type Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Deeno Group
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Type Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Parchem
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Type Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Pacific OleochemicalsSdn, Bhd
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Type Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Kao Chemicals
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Type Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Emery Oleochemicals
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Type Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. BASF
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Type Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. AkzoNobel
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Type Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Wilmar International
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Type Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Godrej industries
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Type Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Oleon
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Type Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Kuala Lumpur Kepong(KLK)
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Type Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Merck KGaA
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Type Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Procter & Gamble
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Type Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. IOI Oleochemicals
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Type Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
List of Table
1. Global Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
2. Global Animal-based Raw Materials, Stearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
3. Global Vegetable- based Raw Materials, Stearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
4. Global Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
5. Global Personal CareStearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
6. Global Food & BeveragesStearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
7. Global HealthcareStearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
8. Global TextileStearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
9. Global AutomotiveStearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
10. Global AgricultureStearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
11. Global OthersStearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
12. Global Stearic Acid Market, By Region, 2018-2028 (USD Billion)(Kilotons)
13. Global Stearic Acid Market, By North America, 2018-2028 (USD Billion)(Kilotons)
14. North America Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
15. North America Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
16. U.S. Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
17. U.S. Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
18. Canada Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
19. Canada Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
20. Mexico Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
21. Mexico Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
22. Europe Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
23. Europe Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
24. Germany Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
25. Germany Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
26. France Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
27. France Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
28. U.K. Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
29. U.K. Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
30. Italy Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
31. Italy Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
32. Spain Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
33. Spain Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
34. Asia Pacific Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
35. Asia Pacific Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
36. Japan Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
37. Japan Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
38. China Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
39. China Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
40. India Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
41. India Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
42. South America Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
43. South America Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
44. Brazil Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
45. Brazil Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
46. Middle East and Africa Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
47. Middle East and Africa Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
48. UAE Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
49. UAE Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
50. South Africa Stearic Acid Market, By Feedstock, 2018-2028 (USD Billion)(Kilotons)
51. South Africa Stearic Acid Market, By End User, 2018-2028 (USD Billion)(Kilotons)
List of Figures
1. Global Stearic Acid Market Segmentation
2. Stearic Acid Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Stearic Acid Market Attractiveness Analysis By Feedstock
9. Global Stearic Acid Market Attractiveness Analysis By End User
10. Global Stearic Acid Market Attractiveness Analysis By Region
11. Global Stearic Acid Market: Dynamics
12. Global Stearic Acid Market Share By Feedstock (2021 & 2028 )
13. Global Stearic Acid Market Share By End User (2021 & 2028 )
14. Global Stearic Acid Market Share by Regions (2021 & 2028 )
15. Global Stearic Acid Market Share by Company (2020)
This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global stearic acid market on the basis of below mentioned segments:
Global Stearic Acid Market by Feedstock:
Global Stearic Acid Market by End User:
Global Stearic Acid Market by Region:
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