Singapore Isostearic Acid Market Size & Outlook, 2023-2030
Related Markets
Singapore isostearic acid market highlights
- The Singapore isostearic acid market generated a revenue of USD 4.2 million in 2023 and is expected to reach USD 7.0 million by 2030.
- The Singapore market is expected to grow at a CAGR of 7.4% 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 4.2 million |
| Market revenue in 2030 | USD 7.0 million |
| Growth rate | 7.4% (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, Singapore accounted for 1.5% 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 Asia Pacific, China isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 40.5 million by 2030.
Chemical esters was the largest segment with a revenue share of 38.1% in 2023. Horizon Databook has segmented the Singapore 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 is known for its antimicrobial properties. It makes this acid a valuable additive to pharmaceutical products to ensure their prolonged shelf life. Singapore is a growing pharmaceutical hub in Asia Pacific, with significant investments made in recent years in the pharmaceutical industry.
Isostearic acid offers notable advantages to the pharmaceuticals industry. Primarily, it enhances the drug release profile and increases the bioavailability of medications, leading to their improved effectiveness in the treatment of patients.
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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 |
Singapore isostearic acid market size, by application, 2018-2030 (US$M)
Singapore Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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