Market Size of Isostearic Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Isostearic Acid Market Analysis
The market for Isostearic Acid is expected to grow at a CAGR of over 7% during the forecast period. Major factors driving the market studied are growing cosmetics & personal care industry in the Asia-Pacific region and rising demand from chemical esters segment. On the flipside, high cost of isostearic acid due to limited supply and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.
- Growing demand of bio-based products is expected to offer various lucrative opportunities for the growth of market.
- By application, cosmetics & personal care segment is expected to dominate the market owing to the increase in the usage of isostearic acid as emulsifier in manufacturing various cosmetic and personal care products.
- Asia-Pacific region dominated the isostearic acid market across the globe with the largest consumption from countries such as China and India.
