U.S. Isostearic Acid Market Size & Outlook, 2023-2030
U.S. isostearic acid market, 2018-2030 (US$M)
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U.S. isostearic acid market highlights
- The U.S. isostearic acid market generated a revenue of USD 52.2 million in 2023 and is expected to reach USD 84.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.1% 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 52.2 million |
| Market revenue in 2030 | USD 84.4 million |
| Growth rate | 7.1% (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, U.S. accounted for 18.3% 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 North America, U.S. isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 84.4 million by 2030.
Chemical esters was the largest segment with a revenue share of 36.78% in 2023. Horizon Databook has segmented the U.S. 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 expected to have a significant demand in the U.S. with the growing preference for biobased and eco-friendly products in 2023. Isostearic acid, which is derived from natural oils, such as vegetable oil, can be considered a sustainable option compared to traditional petrochemical-based ingredients.
Moreover, its bio-based nature makes it a desirable ingredient for various industries seeking sustainable alternatives. This trend is poised to further propel the growth of the isostearic acid market over the coming years. According to a study conducted by the Environmental Working Group (EWG) in 2019, about 90% or more women in the U.S. use some form of personal care products.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
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U.S. isostearic acid market size, by application, 2018-2030 (US$M)
U.S. Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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