17-Aug-2021 | Zion Market Research
The Global Stearic Acid Market was accounted for USD 8.75 Billion in 2020 and is expected to reach USD 11.64 Billion by 2028, growing at a CAGR of around 3.6% between 2021 and 2028.
The study covers forecast and analysis for the Stearic Acid Market global. The report provides historic data of 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study includes drivers and restraints for the Stearic Acid Market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Stearic Acid Market.
In order to give the users of this report a comprehensive view of the Stearic Acid Market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Stearic Acid Market has also been included. The study enclosed a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness.
Major applications covered in the study are lubricants, personal care, fuel additives, rubber processing, soaps & detergents and other applications. The regional segmentation includes the existing and estimated demand for North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
The Asia Pacific was the foremost attractive marketplace for stearic acid in 2018. Furthermore, it's anticipated to continue its dominance over the worldwide stearic acid market within the forecast period. On-going research and development including the growing automotive industry within the region are likely to grow the market size at a robust CAGR during the longer-term years within the Asia Pacific. Additionally, Asia Pacific was followed by North America and Europe within the same year. Latin America and Middle East & Africa are expected to witness the lucrative growth of the market due to the emerging food and automotive industries in these regions during the estimated years.
The major players of the global stearic acid include Wilmar international, U.S chemical company, BASF, Kao Chemicals, P&G, Oleon, AkzoNobel, Godrej, PT. Cisadane Raya Chemicals, Acme Synthetic Chemicals, Protea Chemicals, Nimir Industrial Chemicals Limited, and VVF LLC among others.
Browse the full “Stearic Acid Market For Lubricants, Personal Care, Fuel Additives, Rubber Processing, Soaps & Detergents And Other Applications: Global Market Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/stearic-acid-market
The global Stearic Acid Market is segmented as follows:
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