Stearic Acid Market To Reach $15.98 Billion By 2030

Stearic Acid Market Growth & Trends

The global stearic acid market size is expected to reach USD 15.98 billion in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030 Increasing penetration of organic chemicals across personal care products such as shaving creams, shampoos and soaps is expected drive the global market. Benefits such as enhanced shelf life, versatility, excellent binding & thickening properties and stability, as a base for cosmetics are anticipated to strengthen its demand over the forecast period. Powerful surfactant and cleansing properties that assist removal of dirt and oil in the skin are slated to fuel its demand in soaps and detergents. Favorable regulations such as Nutritional Labeling and Education Act (NLEA) of 1990, permitting use of saturated fatty acids in food additives are also expected to impact its demand positively. Hazards related to toxicity coupled with volatile raw material prices are expected to remain a key challenge for market participants.

Soaps & detergents emerged as the largest application segment and accounted for 28.9% of the total market volume in 2014. Growing detergents industry in emerging economies may be attributed for high level of market penetration in the segment.

 Request a free sample copy or view report summary: Stearic Acid Market Report

Stearic Acid Market Report Highlights

• The global stearic acid market size was valued at USD 11.24 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030.

• Personal care is projected to witness the fastest growth of 5.8% over the forecast period. Growth of personal care industry in Asia Pacific and Latin America is expected to drive this segment over the forecast period. Surging organic personal care and cosmetic products demand is also estimated to fuel stearic acid demand.

• Growing application scope across various niche segments including metal processing, candle manufacturing, and pharmaceuticals is also expected to drive global stearic acid industry growth in near future.

• Asia Pacific stearic acid market held majority of the global market with a share of 41.6% in 2023. Asia Pacific stearic acid market is characterized by rapid industrialization coupled with rising disposable income level particularly in India, China and Indonesia. These factors may be attributed to the rising product demand across various application segments in the region.

Stearic Acid Market Segmentation

Grand View Research has segmented the global stearic acid market on the basis of application and region:

Stearic Acid Application Outlook (Volume, Kilo Tons, Revenue, USD Millions, 2018 - 2030)

• Soaps & Detergents

• Intermediates

• Personal Care

• Rubber Processing

• Textile

• Lubricants

• Others

Stearic Acid Regional Outlook (Volume, Kilo Tons, Revenue, USD Millions, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

List of Key Players in the Stearic Acid Market

• Emery Oleochemicals

• 3F Industries LTD

• New Japan Chemical Co.

• Ltd.; Oleon NV

• Wilmar International

• BASF SE

• Cayman Chemical

• Pacific Oleochemicals, Sdn. Bhd.

• Kao Chemicals

• Godrej Industries Limited

• VVF (India) Limited

• Bloomberg L.P.

• Twin Rivers Technologies, Inc.