Stearic Acid Market 2022 Expands Strategic Key Regions to Reach at Demographic, Geographic Segment by 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 a longer period. Due to its emulsifying property, it is vastly preferred in personal care products. The product used in detergents and soaps is increasing owing to strong surfactants and cleansing properties. Rising demand for stearic acid in the textile industry for softening the fabric is driving market growth. 

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Segmentation Analysis

The Global Stearic Acid Market is segmented into applications, 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

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Regional Analysis

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

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.

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.