Global Isostearic Acid Market Size & Outlook, 2023-2030
Global isostearic acid market, 2018-2030 (US$M)
Related Markets
Global isostearic acid market highlights
- The global isostearic acid market generated a revenue of USD 285.6 million in 2023 and is expected to reach USD 458.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7% by 2030.
- In terms of segment, chemical esters accounted for a revenue of USD 108.3 million in 2023.
- Lubricant and Greases is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 285.6 million |
| Market revenue in 2030 | USD 458.9 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Chemical esters |
| Fastest growing segment | Lubricant and Greases |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Personal Care, Chemical Esters, Lubricant and Greases, Other Applications |
Other key industry trends
- In terms of revenue, the North America accounted for 28.7% of the global isostearic acid market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 5.7 million by 2030.
Chemical esters was the largest segment with a revenue share of 37.92% in 2023. Horizon Databook has segmented the Global isostearic acid market based on personal care, chemical esters, lubricant and greases, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing supply of sustainable raw materials in the form of oilseed is expected to increase isostearic acid production. This in turn is expected to provide wide horizons for isostearic acid based applications sand thus increase market penetration.
Isostearic is predominately manufactured from oleic acid which is a form of unsaturated acid. Major sources of oleic acid raw material sources include soybean oil, sunflower oil, safflower oil, rapeseed oil, tall oil, palm oil and beef tallow.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sana Biotechnology Inc Ordinary Shares | View profile | 328 | 188 East Blaine Street, Suite 400, Seattle, WA, United States, 98102 | https://www.sana.com |
| Nissan Chemical Corp | View profile | 3317 | 7-1 Kanda Nishiki-Cho 3-chome, Chiyoda-ku, Tokyo, Japan, 101-0054 | http://www.nissanchem.co.jp |
| Euronav NV | View profile | 3216 | De Gerlachekaai 20, Antwerpen, Belgium, B-2000 | http://www.euronav.com |
| Kuala Lumpur Kepong Bhd | View profile | 63864 | No. 1, Jalan S.P. Seenivasagam, Wisma Taiko, Ipoh, PRK, Malaysia, 30000 | https://www.klk.com.my |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| PTT Global Chemical PCL ADR | View profile | 6334 | Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 18th Floor, Chatuchak, Bangkok, Thailand, 10900 | https://www.pttgcgroup.com |
Global isostearic acid market size, by regions, 2018-2030 (US$M)
Top 10 countries: Isostearic acid market size, 2023 (US$M)
Global isostearic acid market share, by application, 2023 & 2030 (%, US$M)
Isostearic acid market: Opportunity assessment by country
Global isostearic acid market, by region, 2023 (US$M)
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