Canada Isostearic Acid Market Size & Outlook, 2023-2030
Related Markets
Canada isostearic acid market highlights
- The Canada isostearic acid market generated a revenue of USD 17.5 million in 2023 and is expected to reach USD 27.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, chemical esters was the largest revenue generating application in 2023.
- Lubricant and Greases 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 17.5 million |
| Market revenue in 2030 | USD 27.8 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Chemical esters |
| Fastest growing segment | Lubricant and Greases |
| 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, Canada accounted for 6.1% 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 North America, U.S. isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 84.4 million by 2030.
Chemical esters was the largest segment with a revenue share of 36.57% in 2023. Horizon Databook has segmented the Canada 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.
The growing preference for eco-friendly products across various industries is expected to drive the demand for isostearic acid in the Canadian market. With an increasing consumer awareness toward product ingredients, the cosmetics, personal care, lubricants, and industrial adhesives industries are likely to witness increased demand for isostearic acid.
Moreover, in the pharmaceutical industry, isostearic acid acts as an emollient, emulsifier, and solubilizer in topical formulations, such as ointments, creams, and gels. Its excellent spreading properties make it an ideal ingredient for these applications.
Moreover, the pharmaceutical industry's growth and increased demand for high-quality excipients across the region are anticipated to drive the demand for isostearic acid and contribute to the market's momentum in Canada.
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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 |
Canada isostearic acid market size, by application, 2018-2030 (US$M)
Canada Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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