Stearic Acid Market 2022 Report with statistics, Growth, Opportunities, Sales, Trends service, applications and forecast 2030

 

Stearic Acid Market- Segmentation

Stearic Acid is a saturated fatty acid found in various animal and plant fats. It is used in various applications such as skin & hair care products, detergents & soaps, pharmaceuticals, food products, textile sizing, agrochemicals, and rubber processing. Stearic acid cosmetics products owing to its ability to lower the surface tensions of oils and keep the products potent if stored for longer period. Due to its emulsifying property, it is vastly preferred in the personal care products. The product use in the detergents and soaps is increasing owing to strong surfactants and cleansing properties. Rising demand for the stearic acid in the textile industry for softening the fabric is driving the market growth. Growing healthcare industry is fuelling the product demand for nutritional supplements and reducing visceral fat & inflammation. It is increasingly used in the pharmaceuticals in the tablets, ointments, and suppositories. Stearic acid density finds application in the candles in place of paraffin as hardener substance when mixed with sugar and corn syrup. The product consumption in agrochemicals as fungicides, reactive intermediaries, and to enhance viscosity is propelling the market growth.

Sample link - https://www.marketresearchfuture.com/sample_request/5867

Segmentation Analysis

The Global Stearic Acid Market is segmented into applications, and end use industry, and region.

On the basis of application, the global stearic acid market is divided into cosmetics & personal care, detergents & soaps, food products, pharmaceuticals, textile sizing, rubber processing, agrochemicals, and others.

Based on the end use industry, the global stearic acid market is segmented into personal care, food and beverages, healthcare, textile, automotive, agriculture, and others

Access Complete Report @ https://www.marketresearchfuture.com/reports/stearic-acid-market-5867

Regional Analysis

Geographically, the global stearic acid market structure is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific accounted for the largest market share in 2017 and is expected to grow at a staggering rate owing to growing personal care industry in this region. Increasing demand for the cosmetics and skin care products coupled with rising disposable income is driving the growth of stearic acid market. Growing cosmetic and personal care industry in Japan as a result of rising demand for age specific beauty products is expected to propel the market growth. The stearic acid market is anticipated to grow rapidly in India and China due to the enlarging use of specialized skin care and make up cosmetics. Furthermore, increasing spending on the cosmetic products for self-grooming is another important driving factor for the market growth. Growing healthcare industry as a result of rising health awareness among the consumers about nutritious supplements is fueling the product demand. Moreover, according to the Indian Brand Equity Foundation, Indian healthcare sector is expected to grow from USD 110 billion in 2016 to USD 372 billion in 2022. Rapidly expanding textile industry in India and China are complementing the stearic market growth in the region. The product use is heaping up in the textile industry due to its fabric softening properties. Flourishing automotive industry is stimulating the product demand further with respect to increasing spending on vehicles.

Speak to Analyst   https://www.marketresearchfuture.com/ask_for_schedule_call/5867

North America is another prominent market for the stearic acid owing to the prevalence of the major players such as L’Oreal, Unilever, and Procter & Gamble are propelling the market demand in this region. Furthermore, growing healthcare industry in this region is powering the product demand owing to increased spending on the healthcare by the consumers.

Europe is expected to drive the market by virtue of growing personal care industry especially in the UK, Italy, Germany, and France in this region. Increasing demand from the healthcare industry owing to the rising geriatric population is impelling the market growth.

Comments

Post a Comment

Popular posts from this blog

Regulatory Hurdles and Spectrum Access in the Private 5G Market

The private 5G market represents a burgeoning segment within the broader telecommunications industry, focusing on the deployment of 5G networks for private use by enterprises, industries, and organizations. Unlike public 5G networks, which are available to the general public, private 5G networks offer dedicated bandwidth and infrastructure tailored to the specific needs of an organization, providing enhanced security, reliability, and performance. Global private 5G market is expected to be valued at USD 2.0 billion in 2023 and is projected to reach USD 11.8 billion by 2028 ; it is expected to grow at a CAGR of 42.3% from 2023 to 2028 Market Overview The private 5G market is witnessing rapid growth driven by the increasing demand for high-speed, low-latency connectivity that can support advanced applications and the Industrial Internet of Things (Biot). These networks are becoming essential for industries such as manufacturing, logistics, healthcare, and energy, where the need for reli
Read more

Submarine Cable System Market to grow from USD 18.2 billion in 2024

 Submarine Cable System Market to grow from USD 18.2 billion in 2024 and is expected to reach USD 29.7 billion by 2029, growing at a CAGR of 10.3% from 2024 to 2029. The submarine cable systems market , encompassing a critical infrastructure for global communications and data transfer, has seen significant growth and transformation. As of 2023, this market is valued at several billion dollars, driven by increasing data traffic, the proliferation of cloud services, and the ongoing expansion of internet connectivity worldwide. Market Overview Submarine cable systems are underwater cables laid on the seabed between land-based stations to carry telecommunication signals across stretches of ocean and sea. These cables are pivotal in connecting continents and facilitating international communication, accounting for nearly 99% of global data traffic. Key Drivers Data Traffic Surge : The exponential growth in data consumption, fueled by streaming services, social media, and cloud computing, ha
Read more

India's Rising Tech Tide: Fueling the ITAD Market

IT asset disposition market size is projected to grow from USD 18.4 billion in 2024 and is anticipated to be USD 26.6 billion by 2029, growing at a CAGR of 7.6% from 2024 to 2029. The Asia Pacific (APAC) region is experiencing a significant boom in the IT Asset Disposition (ITAD) market. Fueled by rapid technological advancements, growing environmental concerns, and stricter regulations, businesses are increasingly turning to ITAD services to manage their end-of-life IT equipment responsibly. Let’s delve into the key trends shaping the ITAD landscape in APAC: Downlod PDF Brochure —  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=28474391 Market Growth Drivers: Rapid IT Refresh Cycles: The rapid pace of technological innovation leads to frequent upgrades, creating a large volume of used IT equipment requiring proper disposal. Data Security Concerns: With the rise of cybercrime, secure data wiping and destruction have become paramount for organizations disposing of IT assets.
Read more