UK Isostearic Acid Market Size & Outlook, 2023-2030
Related Markets
UK isostearic acid market highlights
- The UK isostearic acid market generated a revenue of USD 7.8 million in 2023 and is expected to reach USD 13.0 million by 2030.
- The UK market is expected to grow at a CAGR of 7.7% 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 7.8 million |
| Market revenue in 2030 | USD 13.0 million |
| Growth rate | 7.7% (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, UK accounted for 2.7% 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 Europe, Germany isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 22.0 million by 2030.
Chemical esters was the largest segment with a revenue share of 39.74% in 2023. Horizon Databook has segmented the UK 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 UK's shift toward sustainable and eco-friendly products has created opportunities for isostearic acid in various industries, such as cosmetics, lubricants, and industrial adhesives. As regulations and consumer preferences evolve, companies that adopt bio-based raw materials such as isostearic acid could capitalize on emerging growth opportunities.
In the UK, industrial adhesives incorporating isostearic acid are being increasingly used due to their beneficial properties. Isostearic acid, which features excellent oxidative stability, solubility, and low temperature performance, enhances the adhesives' overall functionality and versatility.
The use of isostearic acid in industrial adhesives allows manufacturers in the country to address specific requirements by developing reliable, high-performance, and eco-friendly adhesive products for various industries, resulting in increased customer satisfaction.
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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 |
UK isostearic acid market size, by application, 2018-2030 (US$M)
UK Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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