Stearic Acid Market Report: Trends, Forecast and Competitive Analysis to 2030

Stearic Acid Trends and Forecast

The future of the global stearic acid market looks promising with opportunities in the household & personal care, rubber, automotive, textile, healthcare, and agriculture markets. The global stearic acid market is expected to reach an estimated $47.5 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are rising consumer demand for biodegradable and sustainable goods, increased demand for detergents and soaps, and growing importance of grooming and self-care.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Stearic Acid by Segment

The study includes a forecast for the global stearic acid by raw material, grade, application, end use, and region.

Stearic Acid Market by Raw Material [Shipment Analysis by Value from 2018 to 2030]:

• Plant Based
• Palm Oil
• Sunflower Oil
• Coconut Oil
• Soyabean Oil
• Animal Feed

Stearic Acid Market by Grade [Shipment Analysis by Value from 2018 to 2030]:

• Polymer
• Rubber
• Cosmetic
• Specialty
• Others

Stearic Acid Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Cosmetics
• Soap & Reagent
• Rubber Processing
• Lubricant
• Textile Sizing
• Pharmaceuticals
• Others

Stearic Acid Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Household & Personal Care
• Rubber
• Automotive
• Textile
• Healthcare
• Agriculture
• Others

Stearic Acid Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Stearic Acid Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies stearic acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the stearic acid companies profiled in this report include-

• Akzo Nobel
• Wilmar International
• Croda International
• Deeno
• Emery Oleochemicals
• Godrej Industries
• Oleon
• Pacific Oleochemicals
• Kaula Lumpur Kepong Berhad
• Kao

Stearic Acid Market Insights

Lucintel forecasts that soap & reagent will remain the largest segment over the forecast period.

Within this market, household & personal care is expected to witness the highest growth over the forecast period.

APAC is expected to witness the highest growth over the forecast period.

Features of the Global Stearic Acid Market

Market Size Estimates: Stearic acid market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Stearic acid market size by various segments, such as by raw material, grade, application, end use, and region in terms of value ($B).

Regional Analysis: Stearic acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different raw materials, grades, applications, end uses, and regions for the stearic acid market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the stearic acid market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the stearic acid market size?

Answer: The global stearic acid market is expected to reach an estimated $47.5 billion by 2030.

Q2. What is the growth forecast for stearic acid market?

Answer: The global stearic acid market is expected to grow with a CAGR of 7.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the stearic acid market?

Answer: The major drivers for this market are rising consumer demand for biodegradable and sustainable goods, increased demand for detergents and soaps, and growing importance of grooming and self-care.

Q4. What are the major segments for stearic acid market?

Answer: The future of the stearic acid market looks promising with opportunities in the household & personal care, rubber, automotive, textile, healthcare, and agriculture markets.

Q5. Who are the key stearic acid market companies?

Answer: Some of the key stearic acid companies are as follows:

• Akzo Nobel
• Wilmar International
• Croda International
• Deeno
• Emery Oleochemicals
• Godrej Industries
• Oleon
• Pacific Oleochemicals
• Kaula Lumpur Kepong Berhad
• Kao

Q6. Which stearic acid market segment will be the largest in future?

Answer: Lucintel forecasts that soap & reagent will remain the largest segment over the forecast period.

Q7. In stearic acid market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the stearic acid market by raw material (plant based, palm oil, sunflower oil, coconut oil, soyabean oil, and animal feed), grade (polymer, rubber, cosmetic, specialty, and others), application (cosmetics, soap & reagent, rubber processing, lubricant, textile sizing, pharmaceuticals, and others), end use (household & personal care, rubber, automotive, textile, healthcare, agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?