According to Gen Consulting Company, the global stearic acid market is set to achieve an incremental growth of 3 million tons, acelerating at a CAGR of almost 4.8% during the forecast period 2022-2028.
This industry report offers market estimates of the global market, followed by a detailed analysis of the source, application, and region. The global market data on stearic acid can be segmented by source: vegetable-based, animal-based. The vegetable-based segment was the largest contributor to the global stearic acid market in 2021. Stearic acid market is further segmented by application: personal care, plastic, rubber, soap and detergent, textile, others. According to the research, the plastic segment had the largest share in the global stearic acid market. Based on region, the stearic acid market is segmented into: Asia-Pacific, North America, Europe, Middle East & Africa, Latin America. Asia-Pacific held the largest volume share in 2021.
The global stearic acid market is highly competitive. Some of the leading companies operating in the market are BASF SE, Croda International plc, Godrej Industries Limited, Kao Corporation, Oleon Holding NV, The Procter & Gamble Company, Wilmar International Limited.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 4.78% |
| Pages | 20 |
| Key Players | BASF SE, Croda International plc, Godrej Industries Limited, Kao Corporation, Oleon Holding NV, The Procter & Gamble Company, Wilmar International Limited |
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