Saudi Arabia Isostearic Acid Market Size & Outlook
Saudi Arabia isostearic acid market, 2018-2030 (US$M)
Related Markets
Saudi Arabia isostearic acid market highlights
- The Saudi Arabia isostearic acid market generated a revenue of USD 5.7 million in 2023 and is expected to reach USD 7.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.5% 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.
Isostearic acid market data book summary
| Market revenue in 2023 | USD 5.7 million |
| Market revenue in 2030 | USD 7.2 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Chemical esters |
| Fastest growing segment | Personal Care |
| 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, Saudi Arabia accounted for 2.0% 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 Middle East & Africa, Saudi Arabia isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 7.2 million by 2030.
Chemical esters was the largest segment with a revenue share of 35.09% in 2023. Horizon Databook has segmented the Saudi Arabia 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 petrochemicals industry in Saudi Arabia that leverages its abundant oil & gas reserves plays a pivotal role in the production of isostearic acid in the country. Saudi Arabia possesses advanced petrochemical facilities capable of undertaking chemical modifications in natural oils, including vegetable oils and animal fats, to yield isostearic acid.
The flourishing petrochemicals industry in Saudi Arabia, coupled with its easy access to raw materials, strengthens the position of the country in isostearic acid market. This, in turn, offers Saudi Arabia a competitive advantage.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Isostearic Acid Market Scope
Isostearic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia isostearic acid market size, by application, 2018-2030 (US$M)
Saudi Arabia Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
