North America Isostearic Acid Market Size & Outlook
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North America isostearic acid market highlights
- The North America isostearic acid market generated a revenue of USD 81.9 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 81.9 million |
| Market revenue in 2030 | USD 129.5 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Chemical esters |
| Fastest growing segment | Lubricant and Greases |
| 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, North America region accounted for 28.7% 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 36.75% in 2023. Horizon Databook has segmented the North 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.
Isostearic acid has been witnessing steady demand in North America due to its versatile applications across various industries. The personal care, cosmetics, and lubricants sectors are primarily consumers of isostearic acid in the regional market.
The rising consumer demand for personal care products and cosmetics, along with the increasing focus on sustainable and eco-friendly ingredients, has positively influenced the demand for isostearic acid in these industries.
In North America, players in the region such as Croda International Plc and Emery Oleochemicals have been adopting isostearic acid as an ingredient in their formulations to meet the growing consumer demand for natural and sustainable products.
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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 |
North America isostearic acid market size, by country, 2018-2030 (US$M)
North America Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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