2019-2024 Stearic Acid Market Focused on Investment Analysis | International Growth by Industry Size, Share, Price and Revenue

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Stearic Acid

The “Stearic Acid Market” report studies the competitive environment of the Stearic Acid market is based on company profiles and their efforts on increasing product value and production. Stearic Acid market report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 5 years, key development in past five years.

Stearic Acid Market report offers an extensive collection of reports on different markets covering crucial details. Unusual growth strategies adopted by various companies are creating new standards for competition in the global market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The factors that affect these segments are also discussed in detail in the report.

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Market Overview:

  • The market for stearic acid is expected to grow at a CAGR of more than 5% during the forecast period of 2019 – 2024. Major factors driving the market studied are the increasing need for personal care products and the rising application in lead-acid batteries. However, fluctuating prices of raw materials is expected to hinder the growth of the market studied.
  • – Personal care industry dominated the market in 2018 and is expected to grow during the forecast period owing to the increasing oil and gas activities across the world.
  • – Advancement in sunflower oil varieties containing high stearic and oleic acids is likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

    Scope of the Report:

  • This report studies the global Stearic Acid market size, industry status and forecast, competition landscape and growth opportunity.

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    Leading Key Players Are:

  • IOI Oleochemicals
  • Kuala Lumpur Kepong (KLK)
  • PT.Cisadane Raya Chemicals
  • Pacific Oleo
  • Taiko
  • Emery Oleochemicals
  • Acme Synthetic Chemicals
  • Acme-Hardesty Paras Polymer and Chemicals
  • New Japan Chemical Co. Ltd
  • Nimir Industrial Chemicals Limited
  • Chant Oil Co. Ltd
  • Protea Chemicals
  • 3F Industries Ltd
  • The Chemical Company
  • Rugao City Shuangma Chemical Co. Ltd
  • Dongma
  • Ruixing
  • P&G

    Key Market Trends:

    Increasing Demand from Personal Care Industry

    – Stearic acids are fatty acids that are derived from animal or vegetable fat oils after hydrogenation. It is widely used in the personal care and cosmetics industry as a surfactant and emulsifying agent.
    – Stearic acid is generally used for the production of stearates, such as sodium stearate, magnesium stearate or calcium stearate, which is a component of personal care products. It is used in more than 3200 skincare and hair care products in recent times.
    – Stearic acid has large number of applications in the soaps & detergent. It primarily fulfils the role of a thickener and a hardener, which helps the soap bar to retain its shape. It is because of stearic acid that soap particles are able to attach to dirt particles, loosening them so that they can be washed away with water.
    – Furthermore, the growing awareness for personal health and hygiene along with increasing beauty consciousness is expected to drive the demand for stearic acid over the forecast period.

    Asia-Pacific Region to Dominate the Market

    – The detergent and cosmetics industry is expected to contribute majorly in the use of stearic acid in the region.
    – The market is supported by the leading global giants situated in the region, such as L’Oreal, Procter & Gamble, Henkel, Unilever, and more.
    – These companies are likely to expand production with growing needs and demand for cosmetics and detergents. The strong and robust cosmetics industry is driven by cutting edge in innovation and creativity.
    – With the various R&D, expansions and investments in cosmetic products, the market for stearic acid is expected to grow at a significant rate in the region, during the forecast period.

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    What are the market factors that are explained in the report?

    – Key Developments: Dual Fuel Generator market report includes the key strategic developments of the market, new product launch, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market.

    – Market Features: Dual Fuel Generator market report estimated key market structures, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

    – Logical Tools: Global Dual Fuel Generator market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return examination have been used to analyze the growth of the key players operating in the market.

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