Mexico Isostearic Acid Market Size & Outlook, 2023-2030
Mexico isostearic acid market, 2018-2030 (US$M)
Related Markets
Mexico isostearic acid market highlights
- The Mexico isostearic acid market generated a revenue of USD 12.1 million in 2023 and is expected to reach USD 17.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.3% 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 12.1 million |
| Market revenue in 2030 | USD 17.3 million |
| Growth rate | 5.3% (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, Mexico accounted for 4.2% 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 North America, U.S. isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 84.4 million by 2030.
Chemical esters was the largest segment with a revenue share of 36.36% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico has a robust base for the construction, manufacturing, and automotive industries. Increased manufacturing activities, infrastructure development projects, and industrial growth in the country are expected to drive demand for isostearic acid in Mexico during the forecast period.
The country is anticipated to witness surged demand for sustainable and biobased products in the coming years owing to rising environmental awareness among the masses, along with the presence of stringent government regulations. Isostearic acid is a renewable and environment-friendly ingredient derived from vegetable oils.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico isostearic acid market size, by application, 2018-2030 (US$M)
Mexico Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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