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The stearic acid market size is forecast to increase by USD 434.9 million and is estimated to grow at a CAGR of 4.5% between 2023 and 2028. The sodium metasilicate market is experiencing significant growth due to its increasing application in various industries, particularly in the personal care and soaps and detergent sectors. This inorganic compound, known for its alkaline and silicate properties, is widely used as a builder in detergents to enhance their cleaning power. Additionally, in personal care products, it functions as a mild abrasive and a pH adjuster. The abundant availability of raw materials, such as sodium silicate and silicic acid, ensures a steady supply for the market's growing demands. As a result, the sodium metasilicate market is projected to expand at a steady pace in the upcoming years.
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Stearic acid is a saturated fatty acid with the chemical formula CH3(CH2)16COOH. It is a major component of various fats and oils, including cocoa butter, shea butter, and palm oil. Stearic acid is widely used in various industries due to its unique properties, such as its ability to form stable soaps and detergents, low toxicity, and high melting point. In the personal care industry, stearic acid is used in the production of cosmetics, including lipsticks, lotions, and creams. It acts as an emulsifier and thickener, providing a smooth and creamy texture to these products. In the lubricants industry, stearic acid is used as a lubricant additive, improving the performance of lubricants in extreme temperatures. Stearic acid is also used in the production of soaps and detergents, where it forms sodium stearate, a common ingredient in these products. In the automotive industry, stearic acid is used in the manufacturing of automotive batteries and as a metal cleaning agent. Moreover, stearic acid is used in the agrochemicals industry as a precursor for the production of pesticides and herbicides. It is also used in food items, medicines, textile sizing, and candle manufacturing. Stearic acid is a versatile compound, with its unique properties making it an essential ingredient in various industries. Its hydrocarbon chains and carboxyl group make it an effective surface tension reducer and emulsifier, making it a valuable component in various applications. However, it is important to note that prolonged exposure to stearic acid may have carcinogen effects, and proper safety measures should be taken when handling this compound. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand from personal care industry is notably driving the market growth. Stearic acid, a saturated fatty acid with hydrocarbon chains and a carboxyl group plays a significant role in various industries, including textiles, plastics, metal cleaning, candle manufacturing, and the cosmetics sector. In the textile industry, it serves as an emulsifying and solubilizing agent. In the cosmetics industry, it is used as a capsule lubricant and a component in the production of laundry detergents, such as Persil Powergems.
Additionally, stearic acid is employed in the natural cosmetics industry due to its natural origin. The qualities that make stearic acid an ideal additive in the cosmetic industry include its ability to function as a surfactant for cleaning effects and its use in the manufacture of cosmetic creams, cakes, soaps, and pastes when combined with other fatty acids like oleic acid, myristic acid, and palmitic acid. Thus, such factors are driving the growth of the market during the forecast period.
The use of stearic acid in metal processing and candle manufacturing is the key trend in the market. Stearic acid, a saturated fatty acid with hydrocarbon chains and a carboxyl group is a versatile compound with wide applications across various industries. In the textile sector, it functions as an emulsifying and solubilizing agent, enabling the even distribution of dyes and improving fabric quality. In the manufacturing of laundry detergent, Persil
Moreover, powergems utilizes stearic acid in the form of sodium stearate and magnesium stearate for their role as effective builders. Biosynthetic Technologies and other major vendors invest in research and development to expand the usage of stearic acid. Applications include metal cleaning, where it acts as a lubricant, and in the plastics industry as a processing aid. Stearic acid's unique properties, such as its hydroxyl group, facilitate solubility in polar solvents, making it an essential component in these industries. Thus, such trends will shape the growth of the market during the forecast period.
Volatility in raw material prices is the major challenge that affects the growth of the market. Stearic acid is a saturated fatty acid with hydrocarbon chains of 18 carbon atoms and a carboxyl group at one end. It is naturally found in fats and oils from animal and vegetable sources, accounting for approximately 30% of the total fatty acids in these materials. The remaining 65% is produced synthetically from petrochemicals.
Moreover, stearic acid plays a vital role in various industries, including the textile sector as an emulsifying and solubilizing agent, a capsule lubricant in the pharmaceutical industry, a lubricant in metal cleaning, and a component in candle manufacturing. In the consumer goods sector, it is used in laundry detergent formulations, such as Persil Powergems, and as a dietary supplement. Additionally, it is employed in the plastics industry and the natural cosmetics industry as sodium stearate, magnesium stearate, and calcium stearate. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3F Industries Ltd: The company offers stearic acid for rubber tyres, PVC stabilizers, and PVC pipes.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The personal care segment is estimated to witness significant growth during the forecast period. Stearic acid is a versatile organic compound extensively utilized in various industries, including personal care, lubricants, and manufacturing processes. In the realm of personal care, it functions as an additive and is often blended with other acids to produce creams, powders, and pastes. Its unique properties, such as emulsifying, stabilizing, and thickening abilities, contribute to the creation of soft and soothing cosmetic items like soaps, detergents, and shaving foams.
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The personal care segment was the largest segment and valued at USD 508.40 million in 2018. The personal care sector's growing demand is driven by demographic shifts, urbanization, and a wide array of available products. Stearic acid's applications extend to various industries, including automotive batteries, candles, and textiles. In the cosmetics industry, it offers occlusive properties that help maintain moisture and improve the shelf life of products. Stearic acid is sourced from both animal and vegetable-based raw materials, such as Shea butter, Cocoa butter, Palm oil, Sunflower oils, and Oleic acid. Its applications also include use in rubber processing, textiles, agrochemicals, food items, medicines, and textile sizing. Hence, such factors are fuelling the growth of this segment during the forecast period.
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APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Stearic acid, a saturated fatty acid with the molecular formula CH3(CH2)17COOH, is a significant raw material in various industries, including personal care, lubricants, soaps, and detergents. It is derived from both animal and vegetable sources, such as animal fat, shea butter, cocoa butter, palm oil, and vegetable-based raw materials like sunflower oils and oleic acid. In personal care applications, stearic acid functions as a surfactant, emulsifier, emollient, and moisturizer in cosmetic items like candles, soap bars, shaving foams, and skincare products, including infant lotions and sunscreens. Hence, such factors are driving the market in APAC during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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Stearic acid is a saturated fatty acid with the chemical formula CH3(CH2)17COOH. It is a major component in various industries, including personal care, lubricants, soaps, and detergents. In personal care applications, stearic acid is used as an emulsifier, emollient, and surfactant in cosmetic items such as candles, soap bars, shaving foams, and skincare products. It enhances foaming ability and provides occlusive properties in skincare products, making them effective moisturizers. The market for stearic acid is driven by the demand from the personal care industry. However, it also finds extensive applications in automotive batteries, rubber processing, textiles, agrochemicals, food items, medicines, and textile sizing. The raw materials used for stearic acid production include animal fat and vegetable-based raw materials like shea butter, cocoa butter, palm oil, sunflower oils, and oleic acid. The market for stearic acid is segmented into feedstock segment, with vegetable-based raw materials and animal-based raw materials being the major sources. The Asia Pacific region is a significant market for stearic acid due to the large population and growing demand for personal care and cosmetic products. The market is expected to grow due to the increasing demand for biodegradable products and the versatility of stearic acid in various industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 434.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key countries |
US, Germany, China, The Netherlands, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3F Industries Ltd., BASF SE, Cayman Chemical, ChemCeed, Croda International Plc, Emery Oleochemicals Group, Godrej and Boyce Manufacturing Co. Ltd., IOI Corp. Berhad, Jarchem Industries Inc., Kao Corp., KLK Oleo, NIMIR INDUSTRIAL CHEMICALS LTD., Nissan Chemical America Corp., Oleon NV, Pacific Oleochemicals Sdn Bhd, Stepan Co., TAIKO KIKAI INDUSTRIES Co. Ltd, The Procter and Gamble Co., VVF Ltd., and Wilmar International Ltd. |
Market dynamics |
Parent market analysis, market report, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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