Global Isostearic Acid Market 2018-2022
About Isostearic Acid
Isostearic acid is a saturated branched chain acid that is used as a binder, surfactant, and dispersant over linear fatty acids in various applications. This is due to the lower melting point and better oxidative stability of isostearic acid.
Technavio’s analysts forecast the Global Isostearic Acid Market to grow at a CAGR of 7.8% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the isostearic acid market. To calculate the market size, the report considers the revenue generated from different industries such as personal care, chemical esters, and textile across the world.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Isostearic Acid Market 2018-2022
Technavio recognizes the following companies as the key players in the isostearic acid market: Croda International, Jarchem Industries, KRATON CORPORATION, NISSAN CHEMICAL INDUSTRIES, Oleon.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increased consumption of cosmetics and daily-use products”. Isostearic acid is mainly used in products that are used for daily purpose such as lipsticks, eye makeup, foundations, shaving creams. In addition, isostearic acid is used to manufacture bike tires. A small portion of isostearic acid is used in the texture and smell of crayons that are used for coloring.
According to the report, one driver influencing this market is the increased demand for bio-lubricants. Bio-based lubricants have emerged as an alternative to petroleum-based lubricants. Bio-based lubricants are produced from renewable feedstocks, such as plant-based oil and sugar. They are produced through fermentation, ultrafiltration, and crystallization techniques.
Further, the report states that one challenge affecting this market is the threat of substitutes. Isostearic acid can be replaced with compounds such as lauric acid, myristic acid, palmitic acid, stearic acid, oleic acid, behenic acid, and coconut fatty acid. These alternatives are most cost-effective when compared to isostearic acid, therefore, they are preferred for manufacturing different products.
NISSAN CHEMICAL INDUSTRIES