Stearic Acid Market

Stearic Acid Market Overview (2022 to 2032)

The stearic acid market is anticipated to record a CAGR of 7.6% during the forecast period, up from USD 33 Billion in 2021 to reach a valuation of USD 50 Billion by 2026.

Attributes	Details
Stearic Acid Market CAGR	7.6%
Stearic Acid Market (2026)	USD 50 Billion

Sales of stearic acid are expected to rise as the consciousness regarding personal hygiene and clean surroundings has increased in the current situation.

And the same has stimulated the demand for stearic acid and stearic-based personal care, thus spiking the

In addition, the production of candles to harden the wax and strengthen the candle is one of the most popular uses of stearic acid, which likely drives up the demand for stearic acid.

Furthermore, preventing oxidization is another key use of stearic acid, and sales of stearic acid rise as it greatly helps in coating metal powders such as sales of stearic acid. iron and aluminum, used in fireworks that make it possible to store them for a longer period.

The demand for stearic acid in cosmetic and detergent applications is expected to grow due to its powerful cleansing and surfactant properties, which make it easier to remove oil and dirt from the skin.

In the coming years, high demand for soaps and detergents is expected to boost the sales of stearic acid as well as stearic acid market share.

The demand for stearic acid is fuelled by increasing demand for sustainable and biodegradable products as petrochemical dependence decreases.

The global chemical industry has been concerned about volatile prices of petrochemical-derived products due to supply-demand imbalances, which has prompted a shift to bio-based chemicals, thereby spiking the sales of stearic acid.

Rapid industrialization and e-commerce also play a pivotal role in augmenting the demand for stearic acid, in turn, sales of stearic acid.

In the near future, benefits such as increased shelf life, versatility, and stability as a base for cosmetics are expected to propel the demand for stearic acid.

Sales of stearic acid likely peak owing to advances in sunflower oil varieties with high stearic and oleic acids, and the same is expected to open up new market opportunities in the coming years, thereby expanding the stearic acid market share.

How is the Stearic Acid Market Segmented?

On the basis of application stearic acid market is segmented into the personal care industry, food industry, pharmaceutical & biomedical science industry, and industrial uses (use in rubber, textile and metal).

The personal care segment holds the highest stearic acid market share owing to its strong surfactant and cleansing properties accounting for around one-third of the stearic acid market share in terms of value.

The geographically stearic acid market is segmented into North America, Latin America, Eastern Europe, Western Europe, the Asia Pacific, excluding Japan, Japan, and Middle East & Africa.

The regions such as Asia Pacific, Africa, and Latin America are predicted to witness high demand for stearic acid since personal care and industrial growth are very high.

What are the Key Dynamics in the Stearic Acid Market?

The steady growth in the industries such as construction, automotive, cleaners, and personal care is expected to drive the demand for stearic acid in production worldwide.

The personal care segment is the major propeller to the sales of stearic acid since it is the fastest-growing segment where stearic acid plays an important role.

Moreover, the overall fatty acid market is growing, which is another factor boosting the demand for stearic acid.

The only factor limiting the sales of stearic acid is having low water solubility, which can result in a residual film on bathtubs and skin.

Hence, it is usually used as an additive rather than as a primary ingredient.

However, the dynamic use of stearic acid augurs well the increased demand for stearic acid in the coming years.

Metal cleaning and candle manufacturing are also expected to grow in the near future. Moreover, geographically, China, India, and ASEAN countries experience high sales of stearic acid.

Who are Few Key Players in the Stearic Acid Market?

P&G Chemicals, the Chemical Company, BASF SE, AkzoNobel N.V., Kao Corporation, VVF LLC, and Godrej Industries constitute a set of major players in the stearic acid market.

In addition, there are small players involved in the manufacturing of stearic acid spread across various geographies.

Mergers and acquisitions, as well as joint ventures, are ongoing strategic collaborations among industry participants (JVs) in order to enlarge their stearic acid market share.

One of the recent developments in the stearic acid market is when Biosynthetic Technologies has acquired Innoleo, LLC, a privately held company that produces Stearic acid as well as a broad range of castor and other oleo derivatives.

Scope Of Report

Report Attributes	Details
Growth rate	CAGR of 7.6% from 2022 to 2032
Base year for estimation	2021
Historical data	2015 to 2020
Forecast period	2022 to 2032
Quantitative units	Revenue in USD million, volume in kilotons, and CAGR from 2022 to 2032
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered	Feedstock, application, region
Regional scope	North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia
Country scope	USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa
Key companies profiled	P&G Chemicals; the Chemical Company; BASF SE; AkzoNobel N.V.; Kao Corporation; VVF LLC; Godrej Industries.
Customization scope	Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

Key Segments

By Feedstock:

• Animal-based Raw Materials
• Vegetable-based Raw Materials

By Application:

• Soaps and Detergents
• Personal Care
• Textiles
• Lubricants
• Rubber Processing
• Other Applications

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

Frequently Asked Questions

What is the Growth Outlook of the Stearic Acid Market?

The stearic acid market is expected to witness a CAGR of 7.6% during the forecast period 2022-2032.

What are Some of the Key Strategies Adopted by Key Players to Augment their Stearic Acid Market Share?

Mergers and acquisitions, as well as joint ventures, are ongoing strategic collaborations among industry participants (JVs) are some of the key strategies.

Which Region Leads the Stearic Acid Market?

Asia Pacific leads the stearic market, owing to rapid industrialization and rising disposable income levels in the region.