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.

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