Global Isostearic Acid Market Report and Forecast 2024-2032

Global Isostearic Acid Market Outlook

The global isostearic acid market size reached approximately USD 440.82 million in 2023. The market is further projected to grow at a CAGR of 7% between 2024 and 2032, reaching a value of USD 811.13 million by 2032.

Key Trends in the Market

Isostearic acid, also termed as 16-Methylheptadecanoic acid is a methyl branched liquid fatty acid produced by the reaction between oleic acid and a natural mineral catalyst. The acid is fully saturated and capable of providing excellent heat and odour stability.

• Growing applications of isostearic acid in personal care and cosmetic products owing to their excellent moisturising and skin conditioning properties and rising focus of individuals on physical appearance due to increasing disposable incomes and changing beauty trends is boosting the isostearic acid market demand.

• Isostearic acid is obtained from oleic acid which is mainly sourced from soyabean oil and sunflower oil, among others.  The increasing availability of sustainable oil seeds and growing demand for products obtained from natural ingredients is boosting the production of isostearic acid and aiding the market growth. Isostearic acid also acts as a sustainable replacement for traditional petrochemical based ingredients.

• Advancements in the production processes of isostearic acid such as innovation in catalysts, purification techniques, and reaction conditions are expected to simplify the production process and make it more cost-efficient. Several key manufacturers are heavily investing in the research and development activities to enhance product performance and explore new applications of isostearic acid.

Global Isostearic Acid Market Analysis

Based on application, the market is divided into cosmetics and personal care, chemical esters, and lubricants and greases, among others. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global isostearic acid market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Kraton Corporation

• Croda International Plc

• Nissan Chemical Corporation

• Kokyu Alcohol Kogyo Co., Ltd.

• KLK Emmerich GmbH

• Emery Oleochemicals Group

• Vertellus Holdings LLC

• Oleon NV

• Santa Cruz Biotechnology, Inc.

• Vantage Specialty Chemicals

• SysKem Chemie GmbH

• Universal Preserv-A-Chem Inc.

• Others

Market Share by Application

Chemical esters account for a significant isostearic acid market share owing to their quick absorption rates, pigment adhesion promotion, enhanced dispersion, low residual rates, ingredient solubilisation, and enhanced dispersion. These features make chemical esters suitable for usage in industrial and personal care sectors. Due to their functioning as an emollient, esters smoothen, hydrate, and soften the surface of the skin and are therefore used in cosmetics, hair care products, liquid soaps, skincare, and sun protection creams.

Market Share by Region

Europe held a significant share of the market during the historical period owing to the rising demand for skin care and cosmetic products and due to rapid growth of bio-lubricant sector in the region. These factors are expected to contribute to the growth of the market over the forecast period as well. Growing environmental concerns have encouraged the implementation of strict environmental regulations in order to reduce greenhouse gas emissions, aiding the isostearic acid market growth in Europe.

Competitive Landscape

Kraton Corporation was founded in 2000 and is headquartered in Texas, United States. The chemicals company manufactures and supplies styrenic block copolymers, high value performance products, and speciality polymers for its customers.

Croda International Plc is a specialty chemicals company that was founded in 1925 and is headquartered in Yorkshire, United Kingdom. The company is known for manufacturing and selling speciality chemicals to customers around the globe.

Nissan Chemical Corporation was established in 1887 and has its headquarters located in Tokyo, Japan. The chemical company manufactures products for pharmaceutical, chemical, and agrochemical industries.

Other isostearic acid market key players include Kokyu Alcohol Kogyo Co., Ltd., KLK Emmerich GmbH, Emery Oleochemicals Group, Vertellus Holdings LLC, Oleon NV, Santa Cruz Biotechnology, Inc., Vantage Specialty Chemicals, SysKem Chemie GmbH, and Universal Preserv-A-Chem Inc., among others.

Key Highlights of the Report