Butyl Stearate Market

Butyl Stearate Market Snapshot (2022 to 2032)

The global butyl stearate market size was valued at USD 4.56 billion in 2021 and is likely to touch a valuation of around USD 5.18 Billion in 2022.

Further with, the rising adoption of butyl stearate across diverse industries including cosmetics & personal care, textiles, and food & beverages, the overall demand for butyl stearate is slated to increase at a steady CAGR of 4% to 4.8% between 2022 and 2032, totaling approximately USD 9.42 Billion by 2032.

Attributes	Key Statistics
Butyl Stearate Market Base Value (2021)	USD 4.56n Billion
Butyl Stearate Market Estimated Value (2022)	USD 5.18 Billion
Butyl Stearate Market Projected Valuation (2032)	USD 9.42 Billion
Butyl Stearate Market Estimated Growth Rate (2022 to 2032)	4% to 4.8%

Butyl stearate, also called octadecanoic acid, is an organic chemical compound that belongs to the family of alkyl esters of fatty acids. It is generally prepared by reacting stearic acid with the appropriate alcohol (mostly butyl alcohol).

Most stearate esters including butyl stearate possess unique properties of low viscosity and oily nature. They have the tendency to form a hydrophobic, non-greasy film when applied to the skin or lips. Hence, stearate esters like butyl stearate are being increasingly used in the formulation of skin makeup, eye makeup, lipsticks, and skin care products.

Similarly, butyl stearate is used as a plasticizer in the production of plastic and polymers, as a raw material for spin fishes, oiling agent for textiles, as an emollient in cosmetics & personal care products, and emulsifying and flavoring agent in food & beverage industry.

Besides this, it finds its application as an ideal lubricant in metalworking and an additive for paints and printing inks. Thanks to all these mentioned applications of butyl stearate, FMI has projected a positive growth trajectory for the global butyl stearate market throughout the forecast period.

Similarly, increasing research and development activities by manufacturers to explore novel applications of butyl stearate will expand the global butyl stearate market size in the future.

How is the Expansion of Personal Care & Cosmetics and Food & Beverage Industries Stimulating the Growth in Butyl Stearate Market?

Over the years, rapid urbanization and increasing consumer spending have triggered the growth of the cosmetics & personal care industry. People across the world are spending large amounts on cosmetics and personal care products such as lipsticks, skin makeup, and numerous personal care products. According to the LOreal 2021 Annual Report, the global cosmetics market reached over 228 billion euros in 2021.

This is emerging as a major factor stimulating growth in the global butyl stearate market and the trend is likely to continue during the forecast period.

Butyl stearate has become an ideal green chemical alternative to several potentially hazardous ingredients used across industries like plastics, food & beverages, and cosmetics & personal care. It acts as a natural emollient and skin conditioning agent in personal care formulations. Rising spending on personal care products will therefore create lucrative opportunities for the butyl stearate manufacturers during the assessment period.

Similarly, the rapid expansion of the processed food industry worldwide due to changing lifestyles and rising disposable income is playing a key role in pushing the demand for butyl stearate. Food manufacturers are extensively using butyl stearate as an emulsifying and flavoring agent in foods and beverages.

The rising consumption of plastics & polymers and robust growth of the textile, metalworking, and printing ink industries will further expand the butyl stearate market size during the forthcoming years.

What are the Key Constraints Impeding the Demand for Butyl Stearate in the Global market?

Although butyl stearate has numerous applications, there are certain factors negatively impacting the demand for butyl stearate. Some of these factors include the presence of alternative lubricants, flavoring agents, and several other additives, and shifting consumer preferences towards food & cosmetic products with natural ingredients.

What are the Drivers Elevating Sales of Butyl Stearate in the Asia Pacific Market?

As per FMI, sales of butyl stearate in the Asia Pacific market are projected to grow at a steady pace during the forecast period, owing to the rapidly growing population, improved standard of living, increasing spending on food and beverages products, and rapid growth of personal care and cosmetics industry.

With changing lifestyles and growing awareness, there has been a sharp hike in the consumption of cosmetics and personal care products across emerging countries like China, South Korea, Japan, and India. For instance, according to the International Trade Administration (ITA), the total retail sales value of cosmetics in China rose to USD 52.3 billion in 2020.

Consumers are spending large amounts on products like makeup. lipsticks, lip guards, anti-aging lotions, etc. to improve their looks & style. As butyl stearate forms an integral part of these products, a rise in their sales will eventually spur the growth of the butyl stearate market in the region during the assessment period.

Similarly, increasing the adoption of butyl stearate plasticizers and lubricants will further expand the butyl stearate market size in the regions during the forthcoming years.

Why is the Demand for Butyl Stearate Rising at a Robust Pace in North America Market?

Over the years, North America has become a prominent market for butyl stearate and this trend is likely to continue during the forecast period between 2022 and 2032.

Growth in the North American butyl stearate market is driven by the flourishing cosmetics & personal care industry, high consumer spending, the strong presence of some of the world's leading cosmetic and personal care companies, and increasing usage of butyl stearate in metalworking, textile, and food & beverages industries.

Within North America, the USA remains the most dominant market for butyl stearate due to rising production and consumption of cosmetics and personal care products such as anti-aging creams, lipsticks, makeup, and men's care & grooming product. In fact, the USA has become the world’s largest beauty and personal care product market

Similarly, increasing spending on food products is creating space for butyl stearate market growth in the region, and the trend is expected to further escalate during the forecast period.

Rising disposable income and fast lifestyle have led to a surge in the consumption of processed products in the USA For instance, as per the USA Department of Agriculture (USDA), total food spending across the USA reached a massive valuation of USD 1.69 trillion in 2020.

Market Competition

Some of the key manufacturers of butyl stearate include Pacific Texchem Private Limited., Mohini Organics Pvt Ltd, Jacob Stern & Sons, Inc., Fine Organics, A&A Fratelli Parodi Spa, AcarKimya A.S., Allan Chemical Corporation, Nayakem Organics Pvt. Ltd., Green Biologics Ltd, and Penta Manufacturing Company among others.

These leading players are constantly indulging in strategies such as expanding production capacities, price reduction, the establishment of new manufacturing facilities, partnerships, acquisitions, and collaborations to expand their global footprint and gain an upper hand in the global butyl stearate market.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4% to 4.8% from 2022 to 2032
Projected Market Valuation (2032)	USD 9.42 Billion
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Form, Grade, Application, End Use, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Asia Pacific excluding Japan; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa
Key Companies Profiled	Pacific Texchem Private Limited.; Mohini Organics Pvt Ltd; Jacob Stern & Sons, Inc.; Fine Organics; A&A Fratelli Parodi Spa; AcarKimya A.S.; Allan Chemical Corporation; Nayakem Organics Pvt. Ltd.; Green Biologics Ltd; Penta Manufacturing Company
Customization	Available Upon Request

Key Segments Profiled in the Butyl Stearate Industry Survey

By Form:

• Oily liquid
• Waxy solid

By Grade:

• Technical Grade (40-60%)
• Cosmetic/Pharma Grade (≥99%)

By Application:

• Emollient
• Plasticizers
• Flavoring agent
• Solvent
• Lubricant

By End Use:

• Cosmetics & Personal Care
• Plastics & Polymers
• Metalworking
• Food & Beverages
• Textile

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the growth projection for butyl stearate market?

The global butyl stearate market is set to grow at a CAGR of around 4% to 4.8% during the assessment period.

Which is the most lucrative market for butyl stearate?

As per FMI, Asia Pacific will emerge as the most lucrative market for butyl stearate during the forecast period.

What is the Projected valuation for butyl stearate market?

The butyl stearate market is likely to touch a valuation of USD 9.42 Billion by 2032.

Who are the leading players in butyl stearate market?

Pacific Texchem Private Limited., Mohini Organics Pvt Ltd, Jacob Stern & Sons, Inc., Fine Organics, A&A Fratelli Parodi Spa, AcarKimya A.S., Allan Chemical Corporation, Green Biologics Ltd are some prominent players operating in butyl stearate market.