Europe Isostearic Acid Market Size & Outlook, 2023-2030
Europe isostearic acid market, 2018-2030 (US$M)
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Europe isostearic acid market highlights
- The Europe isostearic acid market generated a revenue of USD 94.9 million in 2023.
- The market is expected to grow at a CAGR of 7.7% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 94.9 million |
| Market revenue in 2030 | USD 159.2 million |
| Growth rate | 7.7% (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 |
| 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, Europe region accounted for 33.2% of the global isostearic acid market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 159.2 million by 2030.
Chemical esters was the largest segment with a revenue share of 39.94% in 2023. Horizon Databook has segmented the Europe 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 European region is witnessing an increasing inclination toward sustainable and environmentally friendly solutions, thus driving the demand for isostearic acid. One of the primary drivers of market growth is the thriving cosmetics industry in Europe. Isostearic acid is crucial in cosmetic formulations, offering desirable properties such as emollience and stability.
As consumers in Europe strongly emphasize personal care and beauty products, the demand for isostearic acid as an essential ingredient is expected to rise. Furthermore, the bio-lubricant industry is experiencing significant growth in Europe. Isostearic acid finds extensive utilization in producing bio-lubricants, including hydraulic and chainsaw oil.
These eco-friendly alternatives are gaining popularity across the region due to stringent environmental regulations to reduce greenhouse gas emissions. Moreover, the European Union is focusing on sustainability and its commitment to reducing environmental impact creates a favorable market environment for isostearic acid.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
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Europe isostearic acid market size, by country, 2018-2030 (US$M)
Europe Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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