Most up-to-date research on "Stearic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its huge collection of research reports.
Stearic acid is a waxy solid saturated fatty acid occurring in coconut oil, palm kernel oil, in the milk of several mammals and in other animal fats. Commercial stearic acid is a mixture of approximately equal amounts of stearic and palmitic acids and small amounts of oleic acid. It is mainly used in the manufacturing of detergents, cosmetics including shampoos and shaving products and soaps.
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Esters of stearic acid with ethylene glycol and glycol distearate are majorly used to develop the pearly effect in shampoos, cosmetic products and soaps among others. In addition, detergents are manufactured from quaternary alkylammonium derivatives of stearic acid. Stearic acid is used in lubricants, release agents and softening agents. For instance, lithium stearate is a key component of grease. It is used as a softening agent in castor oil for textile sizing. Stearte salts such as calcium, cadmium, lead and zinc among others are used for softening PVC and as release agents in the production of automobile tires. It has applications in niche segments such as making plaster castings from a plaster piece mold in which stearic acid is mixed in water. In addition, stearic acid is used in the manufacture of lead acid batteries as a negative plate additive. Moreover, it is used as a hardner in candies and for manufacturing dietary supplements. Furthermore, stearic acid is used as a lubricant in injection molding.
The regions such as Asia Pacific, Africa and Latin America are predicted to emerge as the fastest growing markets for stearic acid. The continual and rapid growth in the industries such as automotive, construction, cleaners and detergents in these regions is expected to drive the demand for stearic acid in the production of various applications products. Moreover, developed markets such as the North American and European economies are steadily recovering from the economic downturn and are anticipated to generate significant demand for stearic acid in the coming years. Due to the positive outlook across the world, the global stearic acid is predicted to record a strong growth in the near future.
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The demand for stearic acid has experienced a continuous rise in the past few years and this trend is expected to continue in the next few years as well. The major reason for this is the diverse range of application products that can be produced from stearic acid. The application products of stearic acid mainly include cleaners, detergents, lubricants, hardener for candies and production of plasticizer alcohols among others. Owing to such a wide range of applications, stearic acid is widely used in several end-user industries. The growing demand for these application products from automotive, plastics, oil and gas and paints and coatings industries is anticipated to drive the demand for stearic acid in the next few years. However, use of stearic acid in higher concentration leads to cancer in humans and mammals. Magnesium stearate in large doses causes liver toxicity and damage to skin. This is expected to hamper the demand and thereby, hamper the growth of the market. Despite of all these claims, stearic acid is considered as a mild and safe ingredient.
Some of the key players in the stearic acid market are the Chemical Company, P&G Chemicals and VVF LLC among others. There are other small players involved in the manufacturing of stearic acid spread across various geographies.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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- This report provides pin-point analysis for changing competitive dynamics
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- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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