Middle East & Africa Isostearic Acid Market Size & Outlook
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MEA isostearic acid market highlights
- The MEA isostearic acid market generated a revenue of USD 15.5 million in 2023.
- The market is expected to grow at a CAGR of 3.3% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 15.5 million |
| Market revenue in 2030 | USD 19.4 million |
| Growth rate | 3.3% (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, MEA region accounted for 5.4% 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 34.84% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Argentina has been experiencing growth in various industrial sectors, such as automotive, chemicals, and plastics. These industries increasingly require lubricants, adhesives, and other intermediate products that extensively utilize isostearic acid due to its excellent thermal and oxidative stability, making it a desired component in their formulations.
For example, isostearic acid-based esters are formulated as lubricant additives or synthetic base oils due to their excellent thermal stability, low temperature fluidity, and resistance to hydrolysis. They can be used in engine oils, transmission fluids, and grease, to reduce friction and wear, protect engine components, and optimize performance.
They can even be employed as emulsifiers and stabilizers for various chemical processes that require a stable emulsion or suspension system, such as in the production of polymer dispersions, inks, and coatings.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sana Biotechnology Inc Ordinary Shares | View profile | 328 | 188 East Blaine Street, Suite 400, Seattle, WA, United States, 98102 | https://www.sana.com |
| Nissan Chemical Corp | View profile | 3317 | 7-1 Kanda Nishiki-Cho 3-chome, Chiyoda-ku, Tokyo, Japan, 101-0054 | http://www.nissanchem.co.jp |
| Euronav NV | View profile | 3216 | De Gerlachekaai 20, Antwerpen, Belgium, B-2000 | http://www.euronav.com |
| Kuala Lumpur Kepong Bhd | View profile | 63864 | No. 1, Jalan S.P. Seenivasagam, Wisma Taiko, Ipoh, PRK, Malaysia, 30000 | https://www.klk.com.my |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| PTT Global Chemical PCL ADR | View profile | 6334 | Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 18th Floor, Chatuchak, Bangkok, Thailand, 10900 | https://www.pttgcgroup.com |
MEA isostearic acid market size, by country, 2018-2030 (US$M)
Middle East & Africa Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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