With the presence of a large pool of participants, the global isostearic acid market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Sanata Cruz Biotechnology Pvt Ltd, Sigma-Aldrich Inc., SysKem Chemie Ltd, Oleo Solutions Ltd, Croda International Plc., and Kraton Corporation are some of the key vendors of isostearic acid across the world. These players across isostearic acid market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the isostearic acid market study.
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Citing an instance, in August 2018, researchers at Science School at IUPUI detected a compound in seed oil of Orychophragmus violaceus, a plant produced unlike other fatty acids. Sources cite that while interacting with Orychophragmus violaceus plant’s biology and genetic makeup, researchers at Huazhong Agricultural University at Wuhan and the Nebraska-Lincoln University found that all the seeds of the plant contained oils as energy reserves for further growth.
As estimated in this report, the global isostearic acid market stood at US$ 535 million in 2017. Witnessing a tremendous rise during the period from 2017 to 2025, the revenue in this isostearic acid market is expected to reach US$ 920 million by the end of the forecast period.
Plethora Of Product Applications Across Different Sectors To Spur Growth
“Wide applications of the product in manufacture of cosmetics such as personal care items, lipsticks, sunscreen lotions, and lip gloss will boost isostearic acid market revenue in the years to come,” says the author of this isostearic acid market study. Apart from this, the product has garnered massive popularity across myriad sectors owing to its resistance to UV rays, odor stability, thermal stability, and oxidation stability features. In addition, rising demand for the product in chemical esters, paints, adhesives, solvents, and lubricants will create profitable opportunities for isostearic acid market and explore its untapped growth potential.
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Flourishing Ecommerce Sector To Support APAC’s Regional Dominance
Regionally, Asia Pacific has been leading the worldwide isostearic acid market and is anticipated to continue on the dominant position in the years to come, states the isostearic acid market study. Rapidly expanding consumer base, increase in the upper-middle class population, thriving ecommerce activities, and diversification in personal care products sector is the main factor behind the dominance of the Asia Pacific isostearic acid market. The high number of market players being headquartered in Asia Pacific is another significant factor that is supporting this regional isostearic acid market. For the record, India and China are the key regional revenue generators.
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The global isostearic acid market is segmented as follows:
- Personal Products
- Chemical Esters
- Lubricants & Greases
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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