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Global Outlook for Stearic Acid Market by Key Trends and Analysis 2022

Increasing penetration of organic chemicals across personal care products such as shaving creams, shampoos and soaps is expected drive the global stearic acid market. The Global Stearic Acid Market is expected to reach USD 11.01 billion by 2022, according to a new study by Grand View Research, Inc.  


Benefits such as enhanced shelf life, versatility, excellent binding & thickening properties and stability, as a base for cosmetics are anticipated to strengthen its demand over the forecast period. Powerful surfactant and cleansing properties that assist removal of dirt and oil in the skin are slated to fuel its demand in soaps and detergents.

Favorable regulations such as Nutritional Labeling and Education Act (NLEA) of 1990, permitting use of saturated fatty acids in food additives are also expected to impact its demand positively. Hazards related to toxicity coupled with volatile raw material prices are expected to remain a key challenge for market participants.

Soaps & detergents emerged as the largest application segment and accounted for 28.9% of the total market volume in 2014. Growing detergents industry in emerging economies may be attributed for high level of market penetration in the segment.

To Know More About Stearic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/stearic-acid-market 

Asia Pacific was the largest regional market and accounted for 42.7% of total volume in 2014. Asia Pacific stearic acid market is characterized by rapid industrialization coupled with rising disposable income level particularly in India, China and Indonesia. These factors may be attributed to the rising product demand across various application segments in the region.

Top Players of Stearic Acid Market:

Major companies operating in global stearic acid market include The U.S. Chemical Company LLC., BASF, AkzoNobel, Emery Oleochemicals, Wilmar International, Godrej Industries, Oleon, Pacific Oleochemicals Sdn Bhd, Kao Chemicals, and Kuala Lumpur Kepong (KLK).

Market Segmentation of Stearic Acid Market:

The Global Stearic Acid Market segmented on the basis of Application and Region.

By Application:

Soaps & Detergents
Intermediates
Personal Care
Rubber Processing
Textile
Lubricants

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa 

Inquire about Stearic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1960/ibb 
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