Dublin, Feb. 07, 2020 (GLOBE NEWSWIRE) -- The "Global Stearic Acid Market, By Type (Vegetable Based vs Animal Based), By End Use (Soaps & Detergents, Rubber Processing, Textiles, Personal Care, Lubricants & Others), By Distribution Channel (Distributors vs Direct), Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The Global Stearic Acid Market was valued at around $8.47 billion in 2018 and is projected to reach nearly $11.5 billion by 2024.
Rising awareness among consumers about benefits of personal care products is resulting in higher usage of cosmetics and personal care products, which is anticipated to drive the Global Stearic Acid Market.
Stearic acid market is gaining momentum owing to powerful cleansing and surfactant properties that facilitate removal of oil and dirt in the skin. In addition, the growing utilization of stearic acid in various industries including, automotive, construction and cleaners are likely to boost the growth of the stearic acid market over the forecast period. Growing demand for sustainable and biodegradable products due to decreasing petrochemical dependence is expected to remain a key driving factor in the stearic acid market.
The market for stearic acid has been segmented into type, end-use, distribution channel and region. Among types, vegetable-based segment is anticipated to lead the Global Stearic Acid Market.
Based on application, the market is categorized into Soaps & Detergents, Personal Care, Textiles, Lubricants, Rubber Processing and Others (Pharmaceutical, Automotive, Plastics, etc.). Soaps & Detergent segment holds the maximum share in the global stearic acid market backed by rising preference for naturally produced stearic acid as a raw material in soaps and detergents production owing to their competitive prices and no harmful and allergic effects on humans.
Based on distribution channel, the market is bifurcated in direct sales and distributors sales. In 2018, distributors sales held the maximum share in the global stearic acid market. However, direct sales of stearic acid are expected to increase during the forecast period, backed by stearic acid manufacturers' focus on maintaining and retaining clients in the long run.
Regionally, Asia-Pacific is the largest consumer of stearic acid globally owing to increasing investment in major downstream sector such as chemicals, automotive, textiles, pharma & biotechnology, etc.
Some of the leading players in Global stearic acid market are VVF (Global) Limited, Akzo Nobel Oleo Chemicals, Emery Oleochemicals, Proctor & Gamble Chemicals, PMC Biogenix, Twin Rivers, Kao Chemicals, among others.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study
- To analyze and forecast the Global Stearic Acid Market size.
- To forecast the Global Stearic Acid Market based on type, end-use, distribution and region.
- To identify drivers, challenges and trends the Global Stearic Acid Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Stearic Acid Market.
- To conduct pricing analysis for the Global Stearic Acid Market.
- To identify and analyze the profile of leading players involved in the manufacturing of stearic acid.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Stearic Acid Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type (Animal based, Vegetable based)
5.2.2. By End Use (Soaps & Detergents, Personal Care, Textiles, Lubricants, Rubber Processing and Others)
5.2.3. By Distribution Channel (Direct, Distributors)
5.2.4. By Region (North America, Europe, Asia Pacific, Middle East& Africa and South America)
5.2.5. By Company
5.3. Market Attractiveness Index
6. Asia-Pacific Stearic Acid Market Outlook
7. Europe Stearic Acid Market Outlook
8. North America Stearic Acid Market Outlook
9. South America Stearic Acid Market Outlook
10. Middle East & Africa Stearic Acid Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles
13.2.1. AkzoNobel Oleochemicals Limited
13.2.2. Emery Oleochemicals
13.2.3. Proctor & Gamble Chemicals
13.2.4. PMC Biogenix
13.2.5. Twin Rivers
13.2.6. VVF Limited
13.2.7. Wilmar International
13.2.8. Oleon N.V.
13.2.9. Kao Chemicals
13.2.10. Pacific Oleochemicals Sdn. Bhd.
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/wi090n
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