Argentina Isostearic Acid Market Size & Outlook, 2023-2030
Argentina isostearic acid market, 2018-2030 (US$M)
Related Markets
Argentina isostearic acid market highlights
- The Argentina isostearic acid market generated a revenue of USD 2.9 million in 2023 and is expected to reach USD 4.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, chemical esters was the largest revenue generating application in 2023.
- Personal Care is the most lucrative application segment registering the fastest growth during the forecast period.
Isostearic acid market data book summary
| Market revenue in 2023 | USD 2.9 million |
| Market revenue in 2030 | USD 4.3 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Chemical esters |
| Fastest growing segment | Personal Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Personal Care, Chemical Esters, Lubricant and Greases, Other Applications |
| Key market players worldwide | Croda International PLC, Euronav NV, Nissan Chemical Corp, PTT Global Chemical PCL ADR, Kuala Lumpur Kepong Bhd, Sana Biotechnology Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global isostearic acid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 8.3 million by 2030.
Chemical esters was the largest segment with a revenue share of 34.48% in 2023. Horizon Databook has segmented the Argentina 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.
Argentina has been experiencing growth in various industrial sectors, such as automotive, chemicals, and plastics. These industries increasingly require lubricants, adhesives, and other intermediate products that extensively utilize isostearic acid due to its excellent thermal and oxidative stability, making it a desired component in their formulations.
For example, isostearic acid-based esters are formulated as lubricant additives or synthetic base oils due to their excellent thermal stability, lowtemperature fluidity, and resistance to hydrolysis. They can be used in engine oils, transmission fluids, and grease, to reduce friction and wear, protect engine components, and optimize performance.
They can even be employed as emulsifiers and stabilizers for various chemical processes that require a stable emulsion or suspension system, such as in the production of polymer dispersions, inks, and coatings
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
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Argentina isostearic acid market size, by application, 2018-2030 (US$M)
Argentina Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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