Global Stearic Acid Market 2017-2021

  • Published: Sep 2017
  • Pages: 90
  • SKU: IRTNTR14391
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This industry research report identifies Akzo Nobel, BASF, Godrej Industries, Procter & Gamble, and Wilmar International as the key vendors in the global stearic acid market. A comprehensive analysis of this market is also presented by application (soaps and detergents, intermediates, rubber processing, personal care, textile, lubricants, and others) and geography (the Americas, APAC, Europe, and MEA).

Overview of the global stearic acid market

Research analysis on the global stearic acid market identifies that the rising demand from the personal care industry will be one of the major factors that will have a stimulate the growth of the market over the next few years. Technavio’s market research analysts predict that this market will register a revenue of more than USD 9.3 billion by 2021. Stearic acid is widely used as an additive and is mixed with other fatty acids such as oleic acid, myristic acid, and palmitic acid to manufacture cosmetic creams, cakes, soaps, and pastes. APAC will account for the maximum share of the personal care market due to the presence of a huge population, the rise in male consumers, the availability of various products, the growth in disposable income, demographic changes, and rapid urbanization. The increased need for personal care products will subsequently drive the demand for stearic acid during the coming years.

The increasing application of stearic acid in lead-acid batteries will be one of the latest trends that will gain traction in the stearic acid market. Stearic acid is increasingly used as a negative plate additive in the production of lead-acid batteries. It is added as an additive during the dry charging process before the sulfuric acid is added. Moreover, stearic acid also acts as a treating agent and stores oxidation during the drying of negative plates. It also assists in dry charging due to its water-resistant properties and used as an additive that helps in the self-discharge of batteries. These advantages are also driving major vendors to invest heavily in R&D activities to improve the efficiency of the lead-acid batteries due to the rise in demand for new battery products. This will provide ample growth opportunities for stearic acid manufacturers.

Competitive landscape and key vendors  

The stearic acid market consists of both large and small vendors. Various stearic acid manufacturers are focusing on innovations to develop new stearic acids with improved performance for different application areas. The key vendors have expanded their presence in many regions to increase their market share. To gain a competitive advantage, the international vendors focus on distinguishing their products based on features, price, services, and performance.

The leading vendors in the market are –

  • Akzo Nobel
  • BASF
  • Godrej Industries
  • Procter & Gamble
  • Wilmar International

The other prominent vendors in the market are 3F GROUP, Cayman Chemical, Chemceed, Croda International, Deeno Group, Emery Oleochemicals, IOI Corporation Berhad, Jarchem Industries, Kao, KLK OLEO, Nimir Industrial Chemicals, Nissan Chemical America Corporation, Oleon, Pacific Oleo Chemicals, Stepan, TAIKO KIKAI INDUSTRIES, and VVF.

Segmentation by application and analysis of the stearic acid market

  • Soaps and detergents
  • Intermediates
  • Rubber processing
  • Personal care
  • Textile
  • Lubricants

During 2016, the soaps and detergents segment accounted for the major shares of the stearic acid market. Factors such as the rising online channel penetration, improvements in technology, and the rise in promotion for the usage of soaps from various regulatory bodies and government agencies, will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the stearic acid market

  • Americas
  • APAC
  • Europe
  • MEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the stearic acid market throughout the forecast period. The increased demand for stearic acid from the soap and detergent, personal care, and cosmetics industries and huge investments across the major segments such as manufacturing and consumer goods, will drive the growth of the market in this region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global stearic acid market?
  • What are the key market trends impacting the growth of the global stearic acid market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global stearic acid market?
  • What are the market opportunities and threats faced by the vendors in the global stearic acid market?
  • Trending factors influencing the market shares of the Americas, APAC, Europe and MEA.  
  • What are the key outcomes of the five forces analysis of the global stearic acid market?

Technavio also offers customization on reports based on specific client requirement.

Stearic acid is used in the production of detergents, cosmetics, and soaps. To outline the complete market landscape of this market, Technavio offers a large collection of research reports from the chemicals and materials industry to accurately forecast the industry’s growth prospects. The upcoming report on the global stearic acid market also offers an analysis of the total market size, emerging geographic regions, competitive landscape, and key growth drivers of the specialty chemicals sector.

By implementing an extensive research approach of quantitative and qualitative data collection methods and examining the demand-supply shifts, this upcoming report on the global stearic acid market offers insights into the key market drivers, trends, competitive landscape, and challenging factors that need to be overcome in this market. To gain a macro level overview of the market landscape research analyst at Technavio use sophisticated research tools such as seasonal and trend forecasting, market size and market share assessment, literature reviews, and case studies.

The report on global stearic acid market also presents an overview of the level of competition in the market by covering vendors such as Procter and Gamble, Akzo Nobel, BASF, Godrej, Wilmar International, US Chemical Company, Oleon, Kuala Lampur Kepong Berhad, Kao Chemicals, Croda International, Jarchem Industries, Nissan Chemicals, and Pacific Oleo Chemicals. Our analysts have observed that due to the growth in personal care and cosmetics market, the demand for stearic acid may increase over the years.

To offer clients a comprehensive competitive landscape assessment, the market research report also provides covers geographic regions such as the Americas, APAC, Europe, and ROW. The upcoming research report on the global stearic acid market also includes an analysis of market intelligence parameters such as new applications, competitive landscape, seasonal trends and opportunities and challenges faced by the industry. Also, it identifies key innovations in this market in alignment to the metals and minerals, plastics, polymers, and elastomers, and glass and ceramics sector.

Our market research methodology for the global stearic acid market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Overview

PART 05: Market landscape

  • Global stearic acid market
  • Five forces analysis

PART 06: Market    by application

  • Global stearic acid market segmentation by applications
  • Global stearic acid market by soaps and detergents
  • Global stearic acid market by intermediates
  • Global stearic acid market by rubber processing
  • Global stearic acid market by personal care
  • Global stearic acid market by textiles
  • Global stearic acid by lubricants
  • Global stearic acid market by others

PART 07: Geographical segmentation

  • Stearic acid market segmentation by geography
  • Stearic acid market in APAC
  • Stearic acid market in Americas
  • Stearic acid market in Europe
  • Stearic acid market in MEA

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Use of stearic acid in metal processing and candle manufacturing
  • Growing application in lead-acid batteries
  • Innovations and R&D activities for developing bio-based products
  • Threat of organic products

PART 11: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 12: Key vendor analysis

  • Akzo Nobel
  • BASF
  • Godrej Industries
  • Procter & Gamble
  • Wilmar International

PART 13: Appendix

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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