India Isostearic Acid Market Size & Outlook, 2023-2030
India isostearic acid market, 2018-2030 (US$M)
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India isostearic acid market highlights
- The India isostearic acid market generated a revenue of USD 13.1 million in 2023 and is expected to reach USD 21.6 million by 2030.
- The India market is expected to grow at a CAGR of 7.4% 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 13.1 million |
| Market revenue in 2030 | USD 21.6 million |
| Growth rate | 7.4% (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, India accounted for 4.6% 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 38.17% in 2023. Horizon Databook has segmented the India 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 demand for isostearic acid in India has experienced a consistent rise over the past few years, primarily due to the surging demand for specialty chemicals in India. The rise in demand for these chemicals has led to new growth avenues for manufacturers of isostearic acid, thereby stimulating their business prospects in the country.
Moreover, there is a discernible surge in the preference for ecofriendly and sustainable products in India. This has led to the exploration of new applications of isostearic acid, particularly for producing green and biodegradable plastics.
Another prominent trend observed in the market in India is increased focus on research and development activities by manufacturers to uncover novel and innovative applications for isostearic acid in diverse industries.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
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India isostearic acid market size, by application, 2018-2030 (US$M)
India Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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