Isostearic Acid Market - Forecast(2023 - 2028)

Report Code: CMR 29941 Report Format: PDF + Excel

Isostearic Acid Market Overview

The isostearic acid market size is forecast to reach US$880.2 million by 2027 after growing at a CAGR of 3.2% during 2022-2027. The rising demand of isostearic acid for the manufacture of cosmetics and personal care products such as skin conditioning agents, moisturizing creams, shower gel formulations, liquid soaps, and others, will drive the market growth. Isostearic acid exhibits characteristics such as thermal stability, ultraviolet rays resistant, and odor stability. The increasing demand for isostearic acid in food additive, lubricants & greases, adhesives, coatings & paints, and solvents, in automotive and other industries will act as a driving factor for the market growth. Furthermore, the rise in public awareness about growing environmental safety regulations and health & hygiene are forecasted to expand the growth opportunities for the isostearic acid market.

COVID-19 Impact

The COVID-19 outbreak widely affected the textile & apparel, food & beverage, and transportation industries over 2020. Economies of each sector got affected and resulted in stagnation of activities across the sectors that use isostearic acid. Owing to nationwide lockdown, the production process of various goods in these industries declined due to the non-functioning of the manufacturing plants. For instance, according to International Organization of Motor Vehicle Manufacturers, in 2020, the motor vehicle production declined by 22% in Europe, and 20% in America. However, once the agriculture and transportation activities get back on track and start functioning fully, by 2022, the market for isostearic acid products is estimated to incline.

Report Coverage

The report: “Isostearic Acid Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the isostearic acid industry.

By Form: Liquid, and Powder.
By Application: Chemical Esters, Lubricants & Greases, Adhesives, Coatings & Paints, Packaging, Finishing agents, Sealants, Solvents, Surfactants, Viscosity Adjusters, and Others.
By End-Use Industry: Cosmetics & Personal Care (Skin Cream, Hair Conditioners, Moisturizing Creams, Shower Gel Formulations, Fine Soaps, and Others), Agriculture, Pharmaceutical & Healthcare, Textile & Apparel, Transportation (Aerospace, Marine, Automotive), Food & Beverage, Building and Construction, and Others.
By Geography: North America (U.S.A., Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa).

Key Takeaways

  • The Asia Pacific region dominated the isostearic acid market owing to the rising growth and increasing investments in the building & construction industry. For instance, according to International Trade Administration, in China, construction industry revenue was reported to increase from US$ 968 billion in 2019 to US$ 1.1 trillion in 2021.
  • Rapidly rising usage of isostearic acid in the agriculture industry for the production of fungicides and fertilizers has driven the growth of the isostearic acid market.
  • The growing demand for isostearic acid in the transportation sector due to their use as adhesives, corrosion inhibitors, and lubricants, will be a critical factor driving the growth of the of the isostearic acid market in the upcoming years.
  • However, availability of alternatives at lower costs can hinder the growth of the isostearic acid market over the forecast period.

Figure: Asia-Pacific Isostearic Acid Market Revenue, 2021-2027 (US$ Million) Isostearic Acid Market

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Isostearic Acid Market Segment Analysis – By Application

The chemical esters segment held the largest share in the isostearic acid market in 2021. Different types of chemical esters based on isostearic acids are isopropyl isostearate, sorbitan isostearate, isostearyl isostearate, trimethylopropane tri-isostearate, glycerol monoisostearate, tri-isostearin, and ethyl isostearate. Chemical esters provide a wide range of functions such as adhesion, solublizer, dispersion, pigment promoters, emollient, effective solvent, water repellent, and plasticizer. Thus, due to which it is widely used in the cosmetics and personal care sector. The cosmetics and personal care industry is increasing rapidly in emerging economies such as in India, United States, China, and other countries, which is driving the market for chemical esters. For instance, according to the International Trade Administration, in Indonesia, in 2021, the revenues in cosmetics and personal care industry are projected to reach US$ 7.5 billion and is estimated to rise at a 6.5 percent compound annual growth rate through 2025. Thus, such growth in cosmetics and personal care industry will drive the usage of isostearic acid in chemical esters applications and would raise the growth of the market over the forecast period. 

Isostearic Acid Market Segment Analysis – By End-Use Industry

The cosmetics and personal care industry held the largest share in the isostearic acid market in 2021 and is estimated to grow at a CAGR of 4.1% during 2022-2027. In the cosmetics and personal care products industry, isostearic acid finds usage in numerous applications such as hair care, lip color cosmetics, skin conditioning agent, sun protection cream, bath & shower products, liquid soaps, and others. It exhibits excellent characteristics such as thermal stability, ultraviolet ray’s resistant, and odor stability. The cosmetics and personal care industry is increasing rapidly in emerging economies such as in India, United States, China, and other countries, due to which the demand for isostearic acid is also rising. For instance, according to the International Trade Administration, in 2019, the U.S. exported personal care and cosmetic products to China valued at US$820 million, up by 28% from 2018. Thus, with the growth of the cosmetics and personal care products sector, the market for isostearic acid will further rise over the forecast period. 

Isostearic Acid Market Segment Analysis – By Geography

Asia-Pacific region dominated the isostearic acid market with a share of 38% in the year 2021. APAC region is one of the leading isostearic acid manufacturers globally, with China and India being the key consumers and suppliers of isostearic acid. Isostearic acid is used in chemical esters, lubricants & greases, adhesives, coatings & paints, packaging, food additive, finishing agents, sealants, solvents, surfactants, viscosity adjusters, and other applications. Moreover, the rising growth of several end-use industries such as building & construction, food & beverage, transportation, and others, has uplifted the development of the isostearic acid market in the APAC region. For instance, according to the World Bank, in 2020, the building and construction industry reached US$ 11.9 trillion, with an increase of about 4.2% from 2019. Additionally, according to Organisation Internationale des Constructeurs d'Automobiles (OICA), in Austria, motor vehicle production increased from 1,64,900 units in 2018 to 1,79,400 units in the year 2019. Similarly, in Vietnam, the production of motor vehicles increased from 2,37,000 units in 2018 to 2,50,000 units in the year 2019. With the increasing production of automobiles, it is estimated that in the upcoming years the requirement for isostearic acid will rise. Thus, the rising usage of isostearic acid in various end-use industries will drive the market growth in the forecast period. 

Isostearic Acid Market Drivers

Increasing Demand for Isostearic Acid in Transportation Industry

In the paints and coatings, adhesives, and lubricants, isostearic acid is used as an additive. Isostearic acid provides great advantages in preventing rust and corrosion on automotive body parts. It provides high strength, and cost-effectiveness materials for automotive composite requirements. Additionally, it possesses high bond, chemical resistance, and low surface energy, for automotive body parts. They have been used in automobile manufacture as lubricants & greases, adhesives, and coatings. In recent years the rising production of automotive has further raised the demand for isostearic acid. For instance, according to Indian Brand Equity Foundation, domestic automobiles production increased by 2.36% CAGR between 2016 - 2020 with 26.36 million vehicles being manufactured in the country in year 2020. Overall, domestic automobiles sales increased at 1.29% CAGR between 2016 – 2020, with 21.55 million vehicles being sold in 2020. With the increasing production and sales of automobiles, it is estimated that in the upcoming years the requirement for isostearic acid in the transportation industry will rise. Thus, which will boost the growth of the market.

Increasing Demand for Fertilizers and Fungicides Made from Isostearic Acid in Agriculture Industry

In the agriculture industry, isostearic acid finds usage in numerous applications such as in alkyl chlorides and amides for agricultural products, fungicides, reactive intermediates, carrier fluid and solvent. Also, it works as a soil binder, being essential for all living tissues and average growth of plants, as fungicides for plant protection from fungi, for soil treatments, and many more. In recent years, rising investment in the agriculture sector has raised the demand for the isostearic acid market. For instance, according to IBEF (Indian Brand Equity Foundation), from 2017 - 2020, India received funding of US$ 1 billion in agritech. Also, Indian agritech companies are likely to observe investments worth US$ 30-35 billion by 2025. Thus, with the growth of the agriculture sector, the market for isostearic acid will further rise over the forecast period.

Isostearic Acid Market Challenges

Availability of Alternates to Isostearic Acid Will Hamper the Market Growth

There are a number of alternative solutions, such as lauric acid, palmitic acid, stearic acid, oleic acid, myristic acid, coconut fatty acid, and others which can replace isostearic acid. Since these alternates possess large availability in the market due to the lower prices as compared to isostearic acid. For instance, according to TCI Chemical PVT. LTD., 25gm isostearic acid costs US$ 26.79 and stearic acid costs US$ 24.11. Also, these alternates find more usage in food & beverage, and chemical industry, as compared to isostearic acid. Thus, availability of alternates to isostearic acid will create hurdles for the growth of the market.

Isostearic Acid Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies players adopt in this market. Isostearic acid top 10 companies include:

  1. Jarchem Industries Inc.
  2. Croda International Plc.
  3. Oleon NV
  4. Parchem fine & specialty chemicals
  5. KOKYU ALCOHOL KOGYO CO., LTD
  6. KLK EMMERICH GmbH
  7. Kraton Corporation
  8. KRATON CORPORATION
  9.  Foreverest Resources Ltd.
  10. Santa Cruz Biotechnology, Inc.


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1. Isostearic Acid Market- Market Overview
    1.1 Definitions and Scope
2. Isostearic Acid Market - Executive Summary
    2.1 Key Trends by Form
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Isostearic Acid Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Isostearic Acid Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario 
5. Isostearic Acid Market – Industry Market Entry Scenario PremiumPremium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Isostearic Acid Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Isostearic Acid Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Isostearic Acid Market – By Form (Market Size -US$ Million/Billion)
    8.1 Powder
    8.2 Liquid
9. Isostearic Acid Market – By Application (Market Size -US$ Million/Billion)
    9.1 Chemical Esters
    9.2 Lubricants & Greases
    9.3 Adhesives
    9.4 Coatings & Paints
    9.5 Packaging
    9.6 Finishing agents
    9.7 Sealants
    9.8 Solvents
    9.9 Surfactants
    9.10 Viscosity Adjusters
    9.11 Rubber
    9.12 Others
10. Isostearic Acid Market – By End-Use Industry (Market Size -US$ Million/Billion)
    10.1 Cosmetics & Personal Care
        10.1.1 Skin Cream
        10.1.2 Hair Conditioners
        10.1.3 Moisturizing Creams
        10.1.4 Shower Gel Formulations
        10.1.5 Fine Soaps
        10.1.6 Others
    10.2 Agriculture
    10.3 Pharmaceutical & Healthcare
    10.4 Textile & Apparel
    10.5 Transportation
        10.5.1 Aerospace
        10.5.2 Marine
        10.5.3 Automotive
        10.5.4 Others
    10.6 Food & Beverage
    10.7 Building and Construction
    10.8 Others
11. Isostearic Acid Market - By Geography (Market Size -US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Isostearic Acid Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Isostearic Acid Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share at Country Level - Major companies
    13.4 Market Share by Key Geography - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product - Major companies
14. Isostearic Acid Market – Key Company List by Country Premium Premium
15. Isostearic Acid Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Isostearic Acid Application Outlook Market 2019-2024 ($M)
1.1 Personal Care Market 2019-2024 ($M) - Global Industry Research
1.2 Chemical Ester Market 2019-2024 ($M) - Global Industry Research
1.3 Lubricant And Grease Market 2019-2024 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2019-2024 ($M)
2.1 Croda International Market 2019-2024 ($M) - Global Industry Research
2.2 Arizona Chemical Market 2019-2024 ($M) - Global Industry Research
2.3 Oleon Nv Market 2019-2024 ($M) - Global Industry Research
2.4 Nissan Chemical Market 2019-2024 ($M) - Global Industry Research
2.5 Emery Oleochemicals Market 2019-2024 ($M) - Global Industry Research
2.6 Jarchem Industries, Inc Market 2019-2024 ($M) - Global Industry Research
3.Global Isostearic Acid Application Outlook Market 2019-2024 (Volume/Units)
3.1 Personal Care Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Chemical Ester Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Lubricant And Grease Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Competitive Landscape Market 2019-2024 (Volume/Units)
4.1 Croda International Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Arizona Chemical Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Oleon Nv Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Nissan Chemical Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Emery Oleochemicals Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Jarchem Industries, Inc Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Isostearic Acid Application Outlook Market 2019-2024 ($M)
5.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
5.2 Chemical Ester Market 2019-2024 ($M) - Regional Industry Research
5.3 Lubricant And Grease Market 2019-2024 ($M) - Regional Industry Research
6.North America Competitive Landscape Market 2019-2024 ($M)
6.1 Croda International Market 2019-2024 ($M) - Regional Industry Research
6.2 Arizona Chemical Market 2019-2024 ($M) - Regional Industry Research
6.3 Oleon Nv Market 2019-2024 ($M) - Regional Industry Research
6.4 Nissan Chemical Market 2019-2024 ($M) - Regional Industry Research
6.5 Emery Oleochemicals Market 2019-2024 ($M) - Regional Industry Research
6.6 Jarchem Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
7.South America Isostearic Acid Application Outlook Market 2019-2024 ($M)
7.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
7.2 Chemical Ester Market 2019-2024 ($M) - Regional Industry Research
7.3 Lubricant And Grease Market 2019-2024 ($M) - Regional Industry Research
8.South America Competitive Landscape Market 2019-2024 ($M)
8.1 Croda International Market 2019-2024 ($M) - Regional Industry Research
8.2 Arizona Chemical Market 2019-2024 ($M) - Regional Industry Research
8.3 Oleon Nv Market 2019-2024 ($M) - Regional Industry Research
8.4 Nissan Chemical Market 2019-2024 ($M) - Regional Industry Research
8.5 Emery Oleochemicals Market 2019-2024 ($M) - Regional Industry Research
8.6 Jarchem Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
9.Europe Isostearic Acid Application Outlook Market 2019-2024 ($M)
9.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
9.2 Chemical Ester Market 2019-2024 ($M) - Regional Industry Research
9.3 Lubricant And Grease Market 2019-2024 ($M) - Regional Industry Research
10.Europe Competitive Landscape Market 2019-2024 ($M)
10.1 Croda International Market 2019-2024 ($M) - Regional Industry Research
10.2 Arizona Chemical Market 2019-2024 ($M) - Regional Industry Research
10.3 Oleon Nv Market 2019-2024 ($M) - Regional Industry Research
10.4 Nissan Chemical Market 2019-2024 ($M) - Regional Industry Research
10.5 Emery Oleochemicals Market 2019-2024 ($M) - Regional Industry Research
10.6 Jarchem Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
11.APAC Isostearic Acid Application Outlook Market 2019-2024 ($M)
11.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
11.2 Chemical Ester Market 2019-2024 ($M) - Regional Industry Research
11.3 Lubricant And Grease Market 2019-2024 ($M) - Regional Industry Research
12.APAC Competitive Landscape Market 2019-2024 ($M)
12.1 Croda International Market 2019-2024 ($M) - Regional Industry Research
12.2 Arizona Chemical Market 2019-2024 ($M) - Regional Industry Research
12.3 Oleon Nv Market 2019-2024 ($M) - Regional Industry Research
12.4 Nissan Chemical Market 2019-2024 ($M) - Regional Industry Research
12.5 Emery Oleochemicals Market 2019-2024 ($M) - Regional Industry Research
12.6 Jarchem Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
13.MENA Isostearic Acid Application Outlook Market 2019-2024 ($M)
13.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
13.2 Chemical Ester Market 2019-2024 ($M) - Regional Industry Research
13.3 Lubricant And Grease Market 2019-2024 ($M) - Regional Industry Research
14.MENA Competitive Landscape Market 2019-2024 ($M)
14.1 Croda International Market 2019-2024 ($M) - Regional Industry Research
14.2 Arizona Chemical Market 2019-2024 ($M) - Regional Industry Research
14.3 Oleon Nv Market 2019-2024 ($M) - Regional Industry Research
14.4 Nissan Chemical Market 2019-2024 ($M) - Regional Industry Research
14.5 Emery Oleochemicals Market 2019-2024 ($M) - Regional Industry Research
14.6 Jarchem Industries, Inc Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Isostearic Acid Market Revenue, 2019-2024 ($M)
2.Canada Isostearic Acid Market Revenue, 2019-2024 ($M)
3.Mexico Isostearic Acid Market Revenue, 2019-2024 ($M)
4.Brazil Isostearic Acid Market Revenue, 2019-2024 ($M)
5.Argentina Isostearic Acid Market Revenue, 2019-2024 ($M)
6.Peru Isostearic Acid Market Revenue, 2019-2024 ($M)
7.Colombia Isostearic Acid Market Revenue, 2019-2024 ($M)
8.Chile Isostearic Acid Market Revenue, 2019-2024 ($M)
9.Rest of South America Isostearic Acid Market Revenue, 2019-2024 ($M)
10.UK Isostearic Acid Market Revenue, 2019-2024 ($M)
11.Germany Isostearic Acid Market Revenue, 2019-2024 ($M)
12.France Isostearic Acid Market Revenue, 2019-2024 ($M)
13.Italy Isostearic Acid Market Revenue, 2019-2024 ($M)
14.Spain Isostearic Acid Market Revenue, 2019-2024 ($M)
15.Rest of Europe Isostearic Acid Market Revenue, 2019-2024 ($M)
16.China Isostearic Acid Market Revenue, 2019-2024 ($M)
17.India Isostearic Acid Market Revenue, 2019-2024 ($M)
18.Japan Isostearic Acid Market Revenue, 2019-2024 ($M)
19.South Korea Isostearic Acid Market Revenue, 2019-2024 ($M)
20.South Africa Isostearic Acid Market Revenue, 2019-2024 ($M)
21.North America Isostearic Acid By Application
22.South America Isostearic Acid By Application
23.Europe Isostearic Acid By Application
24.APAC Isostearic Acid By Application
25.MENA Isostearic Acid By Application