Stearic Acid Market Size, Demands, Trends, Growth and Forecasts 2014 to 2021
The Stearic Acid Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend and Growth during the study period (2014–2021).
Stearic acid is a solid wax like long chain of saturated fatty acid. It is usually found more in animal fat than in vegetable fat. It primarily occurs as a mixed triglyceride which is colourless and completely insoluble in water. Commercial stearic acid is composed of equal amounts of natural stearic acid and palmitic acids. Stearic acid when used in cosmetics, plays the role of hardener or thickener.
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Stearic acid is used in making various essential items like skin cleansers, cosmetics, shaving soaps, candles, lubricants and pharmaceuticals. It can act a surfactant and softening agent. Because it is inexpensive and benign, there are various derived uses of stearic acid. Some of its niche uses include making plaster castings and molds from clay, lead acid batteries.
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Increasing industrial growth in Asia Pacific, Latin America and Middle East and Africa will drive demand for stearic acid in these markets. In addition, North America and Europe will witness steady demand for the forecasted period.
Major player assessed in the report is :
– P&G Chemicals
– VVF LLC
– The Chemical Associates
– Croda International Jarchem Industries
– Nissan Chemicals
Depending on its area of application, Owing to high-expected growth of developing economies and increasing consumer demand for automobiles and personal care products, the stearic acid market is expected to remain strong in near future. The increasing demand for oil and gas industry, plastics and coating products will drive its growth. However, due to its toxicity and carcinogenic properties, the growth of stearic acid market may get hampered.
SEGMENTATIONS IN REPORT :
Stearic Acid By Application :
– Soaps And Detergents
– Personal Care
– Rubber Processing
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