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 |
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.
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account