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Isostearic Acid Market Present Scenario and Growth Prospects by 2020

Increasing personal care products demand particularly in Asia Pacific and Latin America is expected to drive the global Isostearic Acid Market. The Global Isostearic Acid Market is expected to reach USD 447.9 million by 2020, according to a new study by Grand View Research, Inc.


Increasing demand for bio-ingredient based products on account of growing consumer awareness regarding hazardous nature of petrochemicals derived products is also expected to have a positive influence on the market growth. High price of isostearic acid owing to its limited supply is expected to hinder the market growth.

Chemical esters emerged as the leading application segment and accounted for 39.8% of the total market volume in 2013. Cosmetics and personal care industry uses isostearic acid derived chemical esters for applications such as skin care, deodorants, lipsticks and hair care products.

Lubricant & grease is expected to witness the highest growth of 5.6% from 2014 to 2020. Growth of bio-lubricants industry particularly in developed economies of Europe and North America is expected drive this segment over the next six years.

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

Asia Pacific is expected to witness the highest growth of 6.0% from 2014 to 2020. Rapid expansion of personal care industry in China, India and Indonesia is expected to drive the regional isostearic acid demand over the next six years. Growth of oleochemicals industry on account of availability of key raw materials in abundance is also expected to fuel the regional market.

Top Players of Isostearic Acid Market:

Key industry participants operating in the global market includes Arizona chemicals, Croda International, Oleon NV, Nissan Chemicals, Jarchem Industries, Inc. and Emery Oleochemicals.

Market Segmentation of Isostearic Acid Market:

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

By Application:

Personal Care
Chemical Esters
Lubricant and Greases

By Region:

North America
Europe
Asia Pacific
RoW

Inquire about Isostearic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1138/ibb 
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