Global Isobutyl Stearate Market: Snapshot
The global market for isobutyl stearate is gaining traction with the flourishing growth of the food and beverages industry worldwide. Isobutyl stearate has been included by the Food and Drug Administration (FDA) on its list as a flavoring agent. Therefore, the increasing sales of convenience and ready-to-eat foods are positively impacting the growth of the market.
Isobutyl stearate has a strong demand across the metalworking sector. Due to its numerous benefits, there is a growing consumption of isobutyl stearate in metalwork pertaining to metals such as copper and aluminum and alloys, including steel. Besides this, it has a high demand in the cosmetics industries. It is used in the manufacturing of lipstick, skin makeup, eye makeup, and skin care products. Therefore, the robust growth of end-user industries are stoking the development of the market. Increasing research and development activities are widening the scope of applications of isobutyl stearate, which is likely to open new avenues for players in the global market.
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The majority of players in the global isobutyl stearate market are focusing towards strengthening their distribution channel and regional presence. They are paying high 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.
Global Isobutyl Stearate Market: Overview
Isobutyl stearate is a stearate ester which is available in two forms – oily liquid and waxy solid forms. The most prominent applications of isobutyl stearate are in metalworking, personal care, and industrial segments. Of these, the metalworking industry accounts for maximum consumption of isobutyl stearate. Next comes the personal care segment and the industrial applications.
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A report by TMR Research conveys essential information on the global market for isobutyl stearate after thorough research. It presents a qualitative analysis of the growth drivers and restraints in the market and also sheds light on the current market size. The report assesses the present vendor landscape. It not just profiles the leading players operating in the market, but also highlights their strengths and weaknesses. Leveraging market-leading analytical tools, the report examines the threats and opportunities awaiting players in the market.
Global Isobutyl Stearate Market: Trends and Opportunities
Propelling the global market for isobutyl stearate is its growing demand in metalworking, personal care, and industrial applications. Increasing use of bio-lubricants, particularly in metalworking fluid, for example, has resulted in increased demand for global isobutyl stearate. It helps to up the lubricity of various types of metals such as aluminum, copper, and steel. On account of their lesser degree of toxicity, isobutyl stearate also find wide application as an ingredient in personal care products. The growing use of bio-based esters in personal care are also leading to growth in the market.
In the years ahead, the demand for isobutyl stearate is slated to be deterred on account of certain regulatory challenges, concerned with its use in some countries. For instance, certain countries in Europe have imposed limitations on the use of isobutyl stearate. This is because isobutyl stearate can result in skin or eye irritation and in some cases can also cause severe damage to the eye.
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Global Isobutyl Stearate Market: Regional Outlook
Geographically, the key segments in the global market for isobutyl stearate are Asia Pacific, Europe, North America, and the Rest of the World. Among them, Asia Pacific, is a key region that has outpaced all other regions in terms of growth. This is because it consumes maximum isobutyl stearate globally. Expanding at a swift pace, the Asia Pacific region is forecasted to become the leader in terms of the market share. China in Asia Pacific is one of the major consumers of isobutyl stearate on account of its increasing industrialization and burgeoning personal care industry. Japan is yet another key market in the region on account of the strong demand for isobutyl stearate in personal care and metalworking products. Europe and North America are slated to emerge as key markets too in the near future.
Companies Mentioned in Report
Some of the major participants operating in the global market for isobutyl stearate that have been listed in the report are the Emery Oleochemicals, Oleon NV, Faci S.p.A., A&A Fratelli Parodi Spa, Industrial Química Lasem SA, Hangzhou DayangChem Co., Limited, and Mosselman S.a.