Latin America Isostearic Acid Market Size & Outlook
Latin America isostearic acid market, 2018-2030 (US$M)
Related Markets
Latin America isostearic acid market highlights
- The Latin America isostearic acid market generated a revenue of USD 12.3 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, chemical esters was the largest revenue generating application in 2023.
- Personal Care is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 12.3 million |
| Market revenue in 2030 | USD 18.0 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Chemical esters |
| Fastest growing segment | Personal Care |
| 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, Latin America region accounted for 4.3% 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 34.96% in 2023. Horizon Databook has segmented the Latin America 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 growth of isostearic acid market in Central & South America is primarily driven by the increasing demand for personal care products, lubricants, grease, adhesives, sealants, coatings, and paints in the region. Brazil, Argentina, Colombia, and Chile are the leading markets for cosmetics in Central & South America.
The surged consciousness among the masses about their wellbeing and the benefits of adopting a healthy lifestyle has led to demand for various beauty products in the region. Moreover, the demand for organic cosmetic and personal care products is growing in Central & South America. This, in turn, is fueling the consumption of isostearic acid in the region.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
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Latin America isostearic acid market size, by country, 2018-2030 (US$M)
Latin America Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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