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The Isobutyl Stearate Market size is projected to grow at a CAGR of 4.8% during the forecast period (2022-2027) and reach US$191.6 billion by 2027. The growth of the Isobutyl Stearate Market is
primarily dependent on the growth of the personal care & cosmetics sector. Isobutyl
stearates are stearate esters that are waxy solids or oily liquids and are
known by various chemical names such as isobutyl ester, octadecanoic acid,
2-methyl propyl ester and Kessco IBS. The surging developments associated with
the personal care & cosmetics sector across the world have led to
considerable growth in the isobutyl stearate market, as stearate is utilized
in face creams, polishes, rouges, ointments and other items.
Isobutyl
Stearate Market: Leading Segment is Personal Care & Cosmetics Sector
On the basis of the end-use industry, the Isobutyl
Stearate Market can be segmented into metalworking, personal care &
cosmetics, plastic processing, pharmaceutical & healthcare, textile &
apparel and others. The personal care & cosmetics sector is evaluated to be
the leading segment in the isobutyl stearate market in 2021. During the
forecast period 2022-2027, the personal care & cosmetics sector is expected
to grow with a CAGR of 5.2%. This can be attributed to various reasons such as
the utilization of stearate in face creams, polishes,
rouges, ointments
and other items. They are applied in skincare as skin conditioning agents and
are most frequently used in the formulation of eye and skin makeup, lipstick
and in other cosmetic products. Additionally, in personal care products,
isobutyl stearate is also used in personal care items such as soap, shampoo,
lotions and other items. The personal care & cosmetics industry is growing,
for instance, according to the International Trade Administration, in
Indonesia, in 2021, the revenues in the personal care & cosmetics industry
are projected to reach US$7.5 billion and are estimated to rise by a 6.5
percent compound annual growth rate through 2025.
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Isobutyl
Stearate Market: Leading Region is the Asia-Pacific
On the basis of geography, the Isobutyl
Stearate Market can be segmented into North America, South America, Europe,
APAC and RoW. According to IndustryARC’s analysis, Asia-Pacific has emerged as
the most dominant region in the market. In 2021, the Asia-Pacific region held
around 38.6% share of the total revenue earned by the market globally. Asia-Pacific
countries including China, Japan and India are comparatively ahead in terms of
the growth of the personal care & cosmetics sector. The personal care &
cosmetics sector is growing, for instance, in 2022, the personal care &
cosmetics sector in India is valued at US$26.8 billion and is poised to reach
US$37.2 billion by 2025.
The Isobutyl Stearate market will also witness
significant growth in the North American region. The U.S. and Canada are emerging as
competitive countries in the isobutyl stearate market.
Isobutyl
Stearate Market: Competitive Landscape
Key companies holding major shares in the Isobutyl
Stearate Market are Emery Oleochemicals, Oleon NV, Allan Chemical Corporation, A&A
Fratelli Parodi Spa, Industrial Quimica Lasem, Huntsman Corporation, Hangzhou
Dayangchem Co., Ltd., Mosselman s.a., Dow and 3M Co.