Global Isostearic Acid Market Overview
The Isostearic Acid Market Size was estimated at 1.26 (USD Billion) in 2022. The Isostearic Acid Industry is expected to grow from 1.31 (USD Billion) in 2023 to 1.958 (USD Billion) by 2032. The Isostearic Acid Market CAGR (growth rate) is expected to be around 4.54% during the forecast period (2024 - 2032).
Key Isostearic Acid Market Trends Highlighted
Key Market Drivers:
Isostearic acid, a saturated fatty acid, finds widespread application in personal care and cosmetic formulations. Its key market drivers include the rising demand for biodegradable and sustainable ingredients, particularly in eco-conscious markets. Additionally, the growing popularity of natural and organic cosmetics has further fueled its adoption.
Opportunities to Be Explored:
The market for isostearic acid presents several opportunities for expansion. The increasing adoption of advanced technologies, such as nanotechnology and microencapsulation, creates new avenues for product innovation and enhanced performance. Exploration of untapped markets in emerging economies, where demand for personal care products is expected to surge, offers substantial growth potential.
Trends in Recent Times:
Recent trends in the isostearic acid market include the increasing popularity of hair care products containing isostearic acid. Its ability to enhance hair manageability and reduce frizz has driven its adoption in shampoos and conditioners. Additionally, the use of isostearic acid as an emollient in skin care products has witnessed a significant rise. Its moisturizing and protective properties make it a valuable ingredient in lotions, creams, and sunscreens.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Isostearic Acid Market Drivers
Rising Demand for Natural and Sustainable Products
There is a continuous expansion of the global isostearic acid market, which is associated with the growing consumer preference for natural and sustainable products. Isostearic acid is a naturally occurring fatty acid derived from plants or animals and is widely used in different consumer end-products, including personal care and cosmetics products. To illustrate, the product is often found in beauty product formulations, such as emollients, emulsifiers, and moisturizers.In view of the consumers’ growing awareness of the environmental and health benefits of natural and sustainable isostearic acid products, the demand for the acids is likely to be kept on the rise. There is an expanding popularity of natural and sustainable products – some of the reasons for this include Growing awareness of the environmental impact of synthetic chemicals, Increasing consumer demand for products that are safe and gentle on the skin, and The growing preference for products that are made from renewable resources.Hence, the global isostearic acid market will be positively affected by the growing demand for natural and sustainable products. With the rise of consumer demand for products that would be beneficial for their health and the environment, isostearic acid is anticipated to demonstrate high demand. In addition, it is expected that there will be particularly high expansion rates in the global emerging markets, given that more and more consumers tend to develop and adopt natural and sustainable lifestyles.Apart from that, there are at least some other reasons which drive the global isostearic acid market: growing demand for personal care and cosmetic products, the growth of the population, and demand for products associated with sustainable living, as well as the growing popularization of the product in many other industries. In aggregate, the global isostearic acid market has been forecast to grow at a CAGR of 4.54% from 2023 to 2032. In 2032, it is projected that the market will reach 1.958 billion.
Increasing Applications in Personal Care and Cosmetics
There is a wide range of personal care and cosmetic products, which usually comprise isostearic acid, serving as a versatile ingredient. The presented product is used as an emollient, moisturizer, and thickener. As an effective compound for these solutions, it is also applied to hair hoses, including, but not limited to, shampoos and conditioners. The growing demand for personal care and cosmetic products evidences the rise of the global isostearic acid market.The global personal care and cosmetics market is expected to grow at a CAGR of 4.7% from 2023 to 2032 due to the following reasons: Rising disposable income, Increasing population, Growing demand for anti-aging products, Expanding applications of the products discussed above, The growing demand for personal care and cosmetic solutions drives the global isostearic acid market as well.Being a versatile ingredient, the presented product is used in a wide range of products whose mastership can select it for unique chemical characteristics. In addition to the presented phenomenon, the global isostearic acid market is growing due to a number of other factors. Among others, one can single out the following reasons: Rising demand for natural and sustainable products, Increasing number of applications in the newly formed industries, Growing population and rising disposable family income.
Growing Demand from Emerging Markets
The global isostearic acid market will experience substantial growth in emerging markets. The growth is fueled, among other factors, by the increased demand for personal care and cosmetic products as well as the expanding population and growing disposable income in the segment of Westernized consumers. One of the central factors driving this process is the increasing share of the population in emerging markets choosing to adopt a Western lifestyle, which is reflected in demand for personal care and cosmetic products and, consequently, isostearic acid-containing products experienced by these markets.In addition to the growing prominence of personal care and cosmetics products, several other factors are driving the global “isostearic” acid market in emerging markets: increased interest of consumers in natural and sustainably produced goods, increasing diversity of sectors increasingly relying on isostearic acid use, and expanding affordability of this substance connected to population growth and disposable income increase. The expected CAGR of this segment during the period from 2023 to 2032 is 4.54%.
Isostearic Acid Market Segment Insights:
Isostearic Acid Market Grade Insights
The Global Isostearic Acid Market is segmented by grade into cosmetic grade, food grade, and pharmaceutical grade. The cosmetic grade segment held the largest market share in 2023, accounting for over 50% of the global market. The food grade segment is expected to grow at the highest CAGR during the forecast period. The cosmetic grade segment is driven by the increasing demand for personal care products, such as skin care creams, lotions, and hair care products. Isostearic acid is used in these products as an emollient, which helps to soften and smooth the skin and hair.The food grade segment is expected to grow due to the increasing demand for processed foods, such as baked goods, snacks, and confectionery products. Isostearic acid is used in these products as a stabilizer, emulsifier, and thickener. The pharmaceutical grade segment is expected to grow due to the increasing demand for pharmaceuticals, such as ointments, creams, and suppositories. The market growth is driven by the increasing demand for personal care products, processed foods, and pharmaceuticals.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Isostearic Acid Market Application Insights
The Global Isostearic Acid Market is segmented into Cosmetics and Personal Care Products, Food and Beverage, Pharmaceuticals, Lubricants, and Plastics and Coatings. Among these segments, Cosmetics and personal care products are estimated to have the biggest market share in 2024 due to the growing demand for isostearic acid in skincare and hair care products. The Food and Beverage segment is expected to witness the fastest growth due to an increase in the usage of isostearic acid as a stabilizing agent and an emulsifier in food and beverage products. Pharmaceuticals are expected to witness steady growth as isostearic acid is used in the production of several pharmaceutical products.The Lubricants segment is expected to witness moderate growth, which may be attributed to the rise in the production of lubricants for automotive and industrial applications. The plastics and Coatings segment is expected to witness slow but steady growth as isostearic acid is used in the production of plastics and coatings for varied applications.
Isostearic Acid Market End-Use Industry Insights
The market growth is attributed to the increasing demand from various end-use industries, including automotive, textile, personal care, food processing, and pharmaceutical. Automotive is a major end-use industry for isostearic acid, which is used in the production of lubricants, greases, and other automotive care products. The growing automotive industry, particularly in emerging economies, is expected to drive the demand for isostearic acid in the coming years. The textile industry is another significant end-use industry for isostearic acid, which is used as a softener and finishing agent.The increasing demand for textiles, especially in the fashion and apparel industry, is expected to positively impact the market growth. In the personal care industry, isostearic acid is used in the production of cosmetics, toiletries, and other personal care products. The growing awareness about personal grooming and the increasing disposable income in developing countries are expected to fuel the demand for isostearic acid in this end-use industry. The food processing industry also utilizes isostearic acid as an emulsifier and stabilizer in various food products.The growing demand for processed foods, coupled with the increasing population, is expected to drive the demand for isostearic acid in the food processing industry. The pharmaceutical industry uses isostearic acid in the production of ointments, creams, and other pharmaceutical products. The increasing prevalence of chronic diseases and the growing demand for effective drug-delivery systems are expected to contribute to the growth of the isostearic acid market in the pharmaceutical industry.
Isostearic Acid Market Distribution Channel Insights
The Global Isostearic Acid Market segmentation by Distribution Channel comprises Direct Sales, Distributors, and Online Platforms. Direct Sales accounted for the largest revenue share in 2023, owing to the strong relationships and control over distribution channels. Distributors play a crucial role in expanding market reach and catering to diverse customer needs, contributing significantly to market growth. Online Platforms are gaining traction due to the convenience and accessibility they offer, particularly in emerging markets with growing internet penetration.By 2032, Online Platforms are projected to witness the highest CAGR, driven by the increasing adoption of e-commerce and digitalization in the industry.
Isostearic Acid Market Isostearic Acid Source Insights
The Global Isostearic Acid Market is segmented based on source into Vegetable Oils, Animal Fats, and Petroleum-Based. Among these, the Vegetable Oils segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for natural and sustainable ingredients in personal care and cosmetic products. Vegetable oils, such as palm oil and coconut oil, are rich in fatty acids and offer emollient and moisturizing properties, making them ideal for use in skincare and haircare products.The Animal Fats segment is projected to witness steady growth during the forecast period due to the rising use of animal-derived ingredients in soaps and detergents. Petroleum-Based Isostearic Acid is expected to experience a moderate growth rate during the forecast period due to the availability of cost-effective alternatives from vegetable sources.
Isostearic Acid Market Regional Insights
The Global Isostearic Acid Market is expected to witness substantial growth in the coming years, driven by the increasing demand for personal care products and cosmetics. Regionally, North America is expected to hold the largest market share, followed by Europe, APAC, South America, and MEA. In 2023, the Global Isostearic Acid Market revenue for North America was valued at 0.646 (USD Billion), and it is projected to reach 0.985 (USD Billion) by 2032, exhibiting a CAGR of 4.87%. The growth in this region can be attributed to the presence of major personal care and cosmetics companies, as well as the rising consumer awareness about the benefits of isostearic acid for skin and hair care.Europe is another key region in the Global Isostearic Acid Market, with a market value of 0.419 (USD Billion) in 2023. This market is expected to grow at a CAGR of 4.32% during the forecast period, reaching 0.638 (USD Billion) by 2032. The growth in Europe is driven by the increasing demand for natural and organic personal care products, as well as the presence of a large cosmetics industry. The APAC region is also expected to witness significant growth in the Global Isostearic Acid Market over the forecast period. The market value in this region was 0.198 (USD Billion) in 2023, and it is projected to reach 0.352 (USD Billion) by 2032, growing at a CAGR of 6.54%.The growth in APAC is attributed to the rising disposable income and the increasing awareness about the benefits of isostearic acid for skin and hair care. South America and MEA are also expected to contribute to the growth of the Global Isostearic Acid Market. In South America, the market was valued at 0.041 (USD Billion) in 2023, and it is projected to reach 0.068 (USD Billion) by 2032, growing at a CAGR of 5.72%. In MEA, the market was valued at 0.015 (USD Billion) in 2023, and it is projected to reach 0.027 (USD Billion) by 2032, growing at a CAGR of 6.89%.The growth in these regions is attributed to the increasing urbanization and the rising demand for personal care products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Isostearic Acid Market Key Players And Competitive Insights:
Major players in the Isostearic Acid Market industry are adopting various strategies to gain a larger market share. These strategies include expanding their product portfolios, investing in research and development, and forming strategic partnerships with other companies. Leading Isostearic Acid Market players are also focusing on improving their production processes to reduce costs and increase efficiency. The Isostearic Acid Market development is being driven by the increasing demand for personal care products and cosmetics. The growing popularity of natural and organic products is also contributing to the growth of this market. Isostearic Acid Market Competitive Landscape is expected to remain competitive in the coming years, with major players continuing to invest in innovation and expansion.Leading Isostearic Acid Market player Croda International Plc is a global specialty chemicals company that manufactures and sells a wide range of products, including isostearic acid. The company has a strong presence in the personal care and cosmetics markets, and its isostearic acid products are used in a variety of applications, including skin care, hair care, and color cosmetics. Croda International Plc is committed to sustainability, and its isostearic acid products are made from renewable raw materials. The company has a global network of manufacturing facilities, and it sells its products to customers in over 100 countries.Competitor Evonik Industries AG is a German specialty chemicals company that manufactures and sells a wide range of products, including isostearic acid. The company has a strong presence in the personal care and cosmetics markets, and its isostearic acid products are used in a variety of applications, including skin care, hair care, and color cosmetics. Evonik Industries AG is committed to innovation, and its isostearic acid products are constantly being improved to meet the evolving needs of customers. The company has a global network of manufacturing facilities, and it sells its products to customers in over 100 countries.
Key Companies in the Isostearic Acid Market Include:
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Clariant AG
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Emery Oleochemicals
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Kao Chemicals
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Evonik Industries
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Stepan Company
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Faci Group
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Lanxess AG
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BASF SE
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Perstorp Holding AB
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FAW Vanadium Titanium Powder
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Innospec Inc.
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LyondellBasell Industries Holdings B.V.
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Huafeng Chemical
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Croda International Plc
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Hubei Sanonda Fine Chemicals
Isostearic Acid Market Industry Developments
Following the COVID-19 pandemic, global demand for isostearic acid is expected to rise steadily, driven by increasing downstream consumption in personal care applications and a gradual recovery of major economies. Recent news and developments in the global isostearic acid market include:- Product launches: In 2023, Evonik expanded its isostearic acid production capacity, leading to increased supply and potential price fluctuations.- Technological advancements: Continuous advancements in extraction and purification technologies are enhancing the efficiency and sustainability of isostearic acid production.- Strategic collaborations: Partnerships between manufacturers and downstream users are fostering innovation and optimizing supply chain logistics.- Regulatory changes: Governments are implementing regulations to ensure the safe and responsible production and use of isostearic acid, affecting market dynamics.
Isostearic Acid Market Segmentation Insights
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.26 (USD Billion) |
| Market Size 2023 |
1.31 (USD Billion) |
| Market Size 2032 |
1.958 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.54% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Clariant AG, Emery Oleochemicals, Kao Chemicals, Evonik Industries, Stepan Company, Faci Group, Lanxess AG, BASF SE, Perstorp Holding AB, FAW Vanadium Titanium Powder, Innospec Inc., LyondellBasell Industries Holdings B.V., Huafeng Chemical, Croda International Plc, Hubei Sanonda Fine Chemicals |
| Segments Covered |
Grade, Application, End-Use Industry, Distribution Channel, Isostearic Acid Source, Regional |
| Key Market Opportunities |
Growing demand from personal care cosmetics and pharmaceutical industries Sustainability and eco-friendly trends Increasing use in food and beverages Expansion in emerging markets Technological advancements in production processes. |
| Key Market Dynamics |
Rising demand from personal care Increasing use of lubricants Growing awareness of sustainable alternatives Technological advancements Expanding applications in plastics. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Isostearic Acid Market is expected to reach a valuation of USD 1.958 billion by 2032, growing at a CAGR of 4.54% from its 2023 market value of USD 1.31 billion.
The North America region is anticipated to lead the Global Isostearic Acid Market throughout the forecast period due to the increasing demand for personal care products and cosmetics in emerging economies like Canada and the US.
Isostearic Acid finds extensive applications in various industries, primarily in the production of personal care products such as skin creams, lotions, and hair conditioners. It is also used in the manufacturing of cosmetics, pharmaceuticals, and plastics.
Key players in the Global Isostearic Acid Market include BASF SE, Croda International Plc, Evonik Industries AG, and Kao Corporation, among others.
The rising demand for personal care products, increasing disposable incomes, and growing awareness about the benefits of Isostearic Acid are the primary factors propelling the growth of the Global Isostearic Acid Market.
The Global Isostearic Acid Market faces certain challenges, including fluctuating raw material prices and stringent regulations governing the use of chemicals in various industries.
The Global Isostearic Acid Market is projected to grow at a CAGR of 4.54% during the forecast period from 2024 to 2032.
The growing popularity of natural and organic personal care products and the increasing demand for sustainable and eco-friendly solutions are key trends shaping the Global Isostearic Acid Market.
The growing demand for Isostearic Acid in the pharmaceutical and food industries presents emerging opportunities for market expansion.
The COVID-19 pandemic had a moderate impact on the Global Isostearic Acid Market. While there was a temporary decline in demand from certain industries, the market has rebounded and is expected to continue its growth trajectory.
