The global isostearic acid market was valued at $290.7 million in 2014, and it is expected to grow with a CAGR of 7.3% during the period 2015 – 2020. The factors driving the growth of the global isostearic acid market include growing cosmetics products market, and increasing lubricants and greases industry. Based on end-user, the chemical esters segment accounted for largest share in the global isostearic acid market during 2014; however, the lubricants and greases segment is expected to witness fastest growth with a CAGR of 8.4% during the period 2015 – 2020, in terms of revenue.
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Geographically, the European isostearic acid market accounted for the largest share in the global isostearic acid market during 2014. The isostearic acid market in Europe is growing mainly due to increasing demand from personal care and cosmetic industries. The growing per capita consumption and increasing export of cosmetic products is fueling the demand for isostearic acid in the region. However, in terms of future growth, the Asia-Pacific isostearic acid market is poised to upsurge at a fast pace (CAGR 8.9%), which is led by increasing exports of cosmetic and personal care products from China, Japan, and South Korea. The Asia-Pacific region is providing huge growth opportunities for the isostearic acid market, due to high demand for lubricants and greases. The growing automobile production, along with increasing industrial development is the key catalyzing factor for the up surging demand of lubricants and greases, which in turn is driving the growth of the isostearic acid market in Asia-Pacific.
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The research offers isostearic acid historical actual market size for the period 2011-2014 and market forecast for the period 2015 to 2020. The market is breakdown as follows:
GLOBAL ISOSTEARIC ACID MARKET BREAKDOWN
- By End-User – Chemical esters, personal care, lubricants and greases, and others
- By Region – North America, Europe, Asia-Pacific and Rest of the World
GLOBAL ISOSTEARIC ACID MARKET BREAKDOWN BY GEOGRAPHY
North America Isostearic Acid Market
Europe Isostearic Acid Market
Asia-Pacific Isostearic Acid Market
Rest of the World Isostearic Acid Market Breakdown
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