Global Isobutyl Stearate market: Demand Analysis and Growth Forecast
Isobutyl stearate is an ester made from the combination of isobutyl alcohol and stearic acid. Stearic acid is found in animal and vegetable fats. Low viscosity and oily nature of stearate esters help in the formation of a non-greasy hydrophobic film when applied to lips or skin. The most prominent applications of isobutyl stearate are in metalworking, personal care, and other industrial segments. Stearates esters are widely used in the cosmetic industry since they have lower viscosity as well as emollient and water repellent properties and hence are used as a skin conditioning agent. In industrial applications, isobutyl stearate acts as wetting agents for polishes and pigments as it renders better slip properties. The metalworking industry accounts for the maximum consumption of isobutyl stearate.
The robust growth of the end-user industries is stroking the development of the isobutyl stearate market. Additionally, increasing research and development activities are widening the scope applications of isobutyl stearate, which will open new revenue avenues for players in this market. According to a recent business intelligence report from IndustryARC, the isobutyl stearate market is poised for a profitable progression during the forecast period 2018-2023.
Global Isobutyl Stearate market: Disruptive Trends
The increasing use of bio-lubricants on various types of metals such as aluminum, copper, and steel are widely used by many companies. Dicarboxylic acid corrosion is used widely in industries with the aim to improve processing efficiency and enhance performance in water-based lubricants. Several companies are using oleo-derivative products that will strengthen their presence in the bakery and confectionery segment.
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Global Isobutyl Stearate market: Leading Segments
On the basis of applications, the isobutyl stearate market can be classified into personal care & cosmetics, metalworking, industrial, and others. The IndustryARC report also explores the demand potential of all important regions including North America, Europe, South America, and Asia-Pacific (APAC), covering all the major country level markets. Some of the major national level markets covered in this report are the U.S., Germany, France, China, and India.
Major players such as Emery Oleochemicals, FACI SPA, A&A Fratelli Parodi Spa, Industrial Quimica Lasem S.A., and Hangzhou Dayangchem Co. Ltd. are focusing on strengthening their distribution channel and regional presence. Moreover, they are paying additional attention to new product development in order to enhance their visibility in the market. With the soaring demand from end-user industries, companies are investing large sums in expanding their capacities. Market participants are also banking on strategies such as mergers and acquisitions to augment their shares in the global isobutyl stearate market.
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The demand for isobutyl stearate is expected to grow in the coming years due to its increased consumption in cosmetics and metalwork industry. It has excellent lubricant properties and hence it is used as a lubricant in metals as well as an ingredient in personal care. With high demand from end users, the companies are investing in the production of high-quality products to get ahead of the curve.
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