China Isostearic Acid Market Size & Outlook, 2023-2030
China isostearic acid market, 2018-2030 (US$M)
Related Markets
China isostearic acid market highlights
- The China isostearic acid market generated a revenue of USD 23.9 million in 2023 and is expected to reach USD 40.5 million by 2030.
- The China market is expected to grow at a CAGR of 7.8% 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 23.9 million |
| Market revenue in 2030 | USD 40.5 million |
| Growth rate | 7.8% (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, China accounted for 8.4% 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 Asia Pacific, China isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 40.5 million by 2030.
Chemical esters was the largest segment with a revenue share of 37.66% in 2023. Horizon Databook has segmented the China 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 printing industry in China has witnessed significant growth primarily driven by factors such as packaging, publishing, and commercial printing. This industry is witnessing a surging demand for inks that offer exceptional print quality and enhanced sustainability, as well as dry rapidly.
Isostearic acid holds the potential for application as an ink additive to improve the performance of inks by enhancing their flow and leveling properties. As such, manufacturers in the printing industry are increasingly focused on reducing their own environmental impact and ensuring product safety.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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China isostearic acid market size, by application, 2018-2030 (US$M)
China Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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