Isostearic Acid Market Size to Grow with a CAGR of ~7% During 2024-2036


Posted January 31, 2024 by abhimanyush30

Isostearic Acid Market to Attain ~USD 1 Billion by the end of 2036

 
Research Nester assesses the growth and market size of the global isostearic acid market which is anticipated to be on account of the growing demand for skin care products across the globe and the growing sales of household cleaning products.
New York – November 27, 2023- Research Nester’s recent market research analysis on “Isostearic Acid Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global isostearic acid market in terms of market segmentation by application, end-user, and by region.
Growing Demand for Metalworking Fluids to Promote Global Market Share of Isostearic Acid
The global isostearic acid market is estimated to grow majorly on account of the increasing need for metalworking fluids. It is expected that the rising volume of metals produced, the growing desire to lower running costs and increase equipment lifetime and efficiency, and the growing need for vehicles are the reasons behind the rising need for metalworking fluids. As a consequence, the demand for isostearic acid may rise during the forecast timeframe since it is frequently employed in the production of metalworking fluids, due to its lubricating properties.
Some of the major growth factors and challenges that are associated with the growth of the global isostearic acid market are:
Growth Drivers:
• Surge in Textile Industry
• Rising Need for Drug Development
Challenges:
The fluctuating costs of raw materials which are used in the production of isostearic acid, and the presence of alternatives are some of the major factors anticipated to hamper the global market size of isostearic acid. Owing to unstable geopolitics, the price of vegetable oils and animal fats, which are the source of isostearic acid, tends to fluctuate on a daily basis, leading to higher production costs of isostearic acid.
Access our detailed report at: https://www.researchnester.com/reports/isostearic-acid-market/5432
By end-use, the global isostearic acid market is segmented into personal care, home care, food & and beverages, pharmaceutical, automotive, and textile. The diabetes segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The market for environmentally friendly products has grown exponentially as they are completely free of chemicals or other harmful substances, which has led to an increasing need for isostearic acid that can be found in a variety of skincare and color cosmetic products, such as deodorants, sunscreens, and cleansers.
Besides this, isostearic acids are the basis for a number of chemical esters, which are used as ingredients in skincare and cosmetic products, including lipsticks and hair care products. Additionally, some chemical esters, such as pentaerythritol tetraisostearate, are present in synthetic greases, which are used as lubricants in metalworking, and rolling steel sheets.
By region, the North American isostearic acid market is to generate the highest revenue by the end of 2036. This growth is anticipated by the growing cosmetic industry in the region. The world's most valuable market for personal care and cosmetics is the United States driven by consumer demand, consumer spending, and buying behavior. Moreover, the average annual expenditure of American women on cosmetic products is more than USD 3755 since the great majority think it's more crucial to show off one's individual style than to adhere to the newest beauty trends. For instance, more than 75% percent of American women use makeup on a daily basis. All these factors are expected to fuel the demand for isostearic acid which is an oily, clear liquid that is mostly utilized as a binder in cosmetics and skin care products and as a common ingredient in cosmetic goods including deodorants, sunscreens, and cleansers.
In 2022, the cosmetics business in the United States generated more than USD 48 billion in revenue.
Furthermore, one of the biggest sectors in the US economy is the food and beverage sector which is anticipated to reach over USD 8 trillion by 2026. For instance, the food and beverage sector, which accounts for more than 4% of the US GDP, is a vital component of the American economy. This may create a huge demand for isostearic acid in the region since it is frequently utilized as a food additive or ingredient in food and beverages owing to its safety profile and emulsifying qualities.

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This report also provides the existing competitive scenario of some of the key players of the global isostearic acid market which includes company profiling of Croda International Plc, KOKYU ALCOHOL KOGYO CO., LTD., Oleon NV, Nissan Chemical Corporation, Emery Oleochemicals, Jarchem Innovative Ingredients LLC, KLK EMMERICH GmbH, Santa Cruz Biotechnology, Inc., Vantage Specialty Chemicals, and others., and others.
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Issued By Abhimanyushrivas
Country United States
Categories Miscellaneous
Tags isostearic acid market , chemicals , advanced materials
Last Updated January 31, 2024