Stearic Acid Market to grow by USD 553.66 Mn by 2026, Increasing industrial growth in APAC, North America, and MEA to boost market growth - Technavio

NEW YORK, Oct. 21, 2022 /PRNewswire/ -- The stearic acid market size is expected to increase by USD 553.66 million from 2021 to 2026, registering a CAGR of 5.57%, according to the latest research report from Technavio. 40% of the market growth originates from APAC with a Y-O-Y growth of 5.45% during the forecasted period.

One of the factors propelling the growth of the stearic acid market is the industrial expansion in APAC, North America, and MEA. The leading factors that drive vendors to develop and start new industries in these regions are the rising spending power of the middle-class inhabitants, the abundance of labor, and other elements in these regions. Government-led industrialization projects, rapid globalization, and other factors are among those factors that accelerated quick industrialization in these areas. Stearic acid is in high demand due to rapid industrialization, which is used in processes like the making of cosmetics and rubber. During the projection period, these factors will fuel market expansion. Request Free Sample Report.

One of the major problems impeding the growth of the stearic acid industry is the volatility in raw material prices. Depending on the application, many end users demand a particular stearic acid color. The degree of impurity is indicated by fluctuations in the acid's color, and manufacturing stearic acid with a high level of purity is expensive. The extraction of stearic acid from fat via biosynthetic methods, such as seeding and pressing, is expensive. This raises the price of stearic acid during production. Furthermore, stearic acid is made synthetically from crude oil, subject to global price variations. These elements pose a threat to market expansion. Buy Sample Report.

The personal care segment is anticipated to expand at a compound annual growth rate (CAGR) of 5.57%. In addition to being often used as an ingredient, stearic acid is combined with other acids to create creams, powders, and pastes. It gives cosmetics and personal care products hardness, flexibility, binding, and improved shelf life. The skin is softened and soothed by the emulsifying, stabilizing, and thickening properties of stearic acid.

During the projected period, the personal care ingredients are expected to rise rapidly at a CAGR of nearly 6%. This is explained by shifting demographics, the availability of various products, rapid urbanization, and rising demand from APAC, Latin America, and Middle Eastern nations. In addition, the rise in disposable income is also a significant factor driving the personal care segment, which, in turn, will fuel the growth of the stearic acid market. Download Free Sample Report.

The market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 3F Industries Ltd.
• BASF SE
• Cayman Chemical Co.
• ChemCeed LLC
• Croda International Plc
• Emery Oleochemicals LLC
• Godrej Industries Ltd.
• IOI Corp. Berhad
• Jarchem Industries Inc.
• Kao Corp
• KLK Oleo

Get lifetime access to our Technavio Insights! Subscribe to our "Basic Plan" billed annually at USD 5000.

Acetic Acid Market Research by Application and Geography - Forecast and Analysis 2022-2026: The report extensively covers acetic acid market segmentation by application (VAM, PTA, acetic anhydride, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

Electrically Conductive Coatings Market by End-user and Geography - Forecast and Analysis 2022-2026: The report extensively covers electrically conductive coatings market segmentation by end-user (consumer electronics industry, automotive industry, aerospace and defense industry, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America)

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Personal care - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Personal care - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Personal care - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Personal care - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Personal care - Year-over-year growth 2021-2026 (%)

• 5.4 Food and beverages - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)

• 5.5 Healthcare - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Healthcare - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Healthcare - Year-over-year growth 2021-2026 (%)

• 5.6 Textile - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Textile - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Textile - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Textile - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Textile - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Application 
• Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026 
• Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Germany - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026 
• Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 The Netherlands - Market size and forecast 2021-2026 
• Exhibit 86: Chart on The Netherlands - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on The Netherlands - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on The Netherlands - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on The Netherlands - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026 
• Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 3F Industries Ltd.
• Exhibit 101: 3F Industries Ltd. - Overview
• Exhibit 102: 3F Industries Ltd. - Business segments
• Exhibit 103: 3F Industries Ltd. - Key offerings
• Exhibit 104: 3F Industries Ltd. - Segment focus

• 10.4 BASF SE
• Exhibit 105: BASF SE - Overview
• Exhibit 106: BASF SE - Business segments
• Exhibit 107: BASF SE - Key news
• Exhibit 108: BASF SE - Key offerings
• Exhibit 109: BASF SE - Segment focus

• 10.5 Cayman Chemical Co.
• Exhibit 110: Cayman Chemical Co. - Overview
• Exhibit 111: Cayman Chemical Co. - Product / Service
• Exhibit 112: Cayman Chemical Co. - Key offerings

• 10.6 ChemCeed LLC
• Exhibit 113: ChemCeed LLC - Overview
• Exhibit 114: ChemCeed LLC - Product / Service
• Exhibit 115: ChemCeed LLC - Key offerings

• 10.7 Croda International Plc 
• Exhibit 116: Croda International Plc - Overview
• Exhibit 117: Croda International Plc - Business segments
• Exhibit 118: Croda International Plc - Key news
• Exhibit 119: Croda International Plc - Key offerings
• Exhibit 120: Croda International Plc - Segment focus

• 10.8 Emery Oleochemicals LLC 
• Exhibit 121: Emery Oleochemicals LLC - Overview
• Exhibit 122: Emery Oleochemicals LLC - Product / Service
• Exhibit 123: Emery Oleochemicals LLC - Key news
• Exhibit 124: Emery Oleochemicals LLC - Key offerings

• 10.9 Godrej Industries Ltd. 
• Exhibit 125: Godrej Industries Ltd. - Overview
• Exhibit 126: Godrej Industries Ltd. - Business segments
• Exhibit 127: Godrej Industries Ltd. - Key offerings
• Exhibit 128: Godrej Industries Ltd. - Segment focus

• 10.10 IOI Corp. Berhad
• Exhibit 129: IOI Corp. Berhad - Overview
• Exhibit 130: IOI Corp. Berhad - Business segments
• Exhibit 131: IOI Corp. Berhad - Key offerings
• Exhibit 132: IOI Corp. Berhad - Segment focus

• 10.11 The Procter and Gamble Co. 
• Exhibit 133: The Procter and Gamble Co. - Overview
• Exhibit 134: The Procter and Gamble Co. - Business segments
• Exhibit 135: The Procter and Gamble Co. - Key news
• Exhibit 136: The Procter and Gamble Co. - Key offerings
• Exhibit 137: The Procter and Gamble Co. - Segment focus

• 10.12 Wilmar International Ltd. 
• Exhibit 138: Wilmar International Ltd. - Overview
• Exhibit 139: Wilmar International Ltd. - Business segments
• Exhibit 140: Wilmar International Ltd. - Key news
• Exhibit 141: Wilmar International Ltd. - Key offerings
• Exhibit 142: Wilmar International Ltd. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 143: Inclusions checklist
• Exhibit 144: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 145: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 146: Research methodology
• Exhibit 147: Validation techniques employed for market sizing
• Exhibit 148: Information sources

• 11.5 List of abbreviations 
• Exhibit 149: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio