Germany Isostearic Acid Market Size & Outlook, 2023-2030
Germany isostearic acid market, 2018-2030 (US$M)
Related Markets
Germany isostearic acid market highlights
- The Germany isostearic acid market generated a revenue of USD 31.6 million in 2023 and is expected to reach USD 53.5 million by 2030.
- The Germany 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 31.6 million |
| Market revenue in 2030 | USD 53.5 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, Germany accounted for 11.1% 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 Europe, Germany isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 22.0 million by 2030.
Chemical esters was the largest segment with a revenue share of 39.87% in 2023. Horizon Databook has segmented the Germany 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.
Germany has a well-established automotive industry with a strong emphasis on producing high-quality vehicles and components. As environmental regulations are becoming more stringent across the region, manufacturers are seeking sustainable and bio-based materials, including isostearic acid, to comply with the standards and meet consumer expectations.
Isostearic acid acts as a valuable ingredient in ester-based lubricants for automotive applications. Its unique branched structure offers excellent thermal stability, low freeze point, and suitable viscosity, making it an ideal choice for engine oils, gear oils, and transmission fluids.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
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Germany isostearic acid market size, by application, 2018-2030 (US$M)
Germany Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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