DUBLIN--(BUSINESS WIRE)--The "Global Stearic Acids Market - Segmented by Raw Material, by Feedstock, by Application, and Geography - Growth, Trends, and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The stearic acids market is expected to witness a moderate growth during the forecasted period, 2018-2023.
Stearic acid is generally used for the production of stearates, such as sodium stearate, magnesium stearate or calcium stearate, which is a component of personal care products. It is used in more than 3200 skincare and hair care products in recent times. Furthermore, the growing awareness for personal health and hygiene along with increasing beauty consciousness is expected to drive the demand of stearic acid over the forecast period.
Stearic acid has large number of applications in the soaps & detergent. It primarily fulfils the role of a thickener and a hardener, which helps the soap bar to retain its shape. It is because of stearic acid that soap particles are able to attach to dirt particles, loosening them so that they can be washed away with water. Hence, the growth for stearic acid market is expected to be moderate in soaps and detergents in the coming years.
The detergent and cosmetics industry is expected to contribute majorly in the use of stearic acid in the region. The market is supported by the leading global giants situated in the region, such as L'Oreal, Procter & Gamble, Henkel, Unilever, and more. These companies are likely to expand production with growing needs and demand for cosmetics and detergents.
The strong and robust cosmetics industry is driven by cutting edge in innovation and creativity. With the various R&D, expansions and investments in cosmetic products, the market for stearic acid is expected to grow at a moderate rate in the region, during the forecast period.
Major Players: Kuala Lumpur Kepong (KLK), IOI Oleochemicals, VVF LLC, Pacific Oleo, and P&G, amongst others.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
- IOI Oleochemicals
- Kuala Lumpur Kepong (KLK)
- PT.SUMI ASIH
- PT.Cisadane Raya Chemicals
- Pacific Oleo
- VVF LLC
- Emery Oleochemicals
- Acme Synthetic Chemicals
- Acme-Hardesty Paras Polymer & Chemicals
- New Japan Chemical Co. Ltd
- Nimir Industrial Chemicals Limited
- Chant Oil Co. Ltd
- Protea Chemicals
- 3F Industries Ltd
- The Chemical Company
- Rugao City Shuangma Chemical Co. Ltd
For more information about this report visit https://www.researchandmarkets.com/research/lzrxj8/global_stearic?w=4