South Africa Isostearic Acid Market Size & Outlook
South Africa isostearic acid market, 2018-2030 (US$M)
Related Markets
South Africa isostearic acid market highlights
- The South Africa isostearic acid market generated a revenue of USD 4.5 million in 2023 and is expected to reach USD 5.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.4% 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 4.5 million |
| Market revenue in 2030 | USD 5.7 million |
| Growth rate | 3.4% (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, South Africa accounted for 1.6% 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 35.56% in 2023. Horizon Databook has segmented the South Africa 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 a valuable ingredient utilized in various industries in South Africa beyond cosmetics and personal care products. Its exceptional properties, including high viscosity and oxidative stability, surge the use of this acid in lubricant formulations for effectively enhancing their lubricity and overall performance.
Moreover, isostearic acid serves as a crucial building block in the production of specialty chemicals, coatings, and adhesives as it elevates their performance and ensures their superior quality. Companies operating in lubricants, specialty chemicals, coatings, and adhesives industries in South Africa leverage the benefits of isostearic acid to optimize their offerings and meet industry demands pertaining to the market effectively.
Notable players in isostearic acid market in South Africa are Jarchem Innovative Ingredients LLC, Croda International Plc, and Oleon NV. By incorporating isostearic acid into their applications, these companies contribute to the growth and competitiveness of different industries in the country.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa isostearic acid market size, by application, 2018-2030 (US$M)
South Africa Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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