San Francisco, California, October 11, 2017: The thriving food and beverages industry on account of the increasing population worldwide is one of the most important factors fueling the growth of the global isobutyl stearate market, states TMR Research in its latest report. The report is titled “Isobutyl Stearate Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025. According to this market research report, the growing sales of convenience and ready to eat foods is favoring the growth of this market. The inclusion of isobutyl stearate as a flavoring agent by the Food and Drug Administration (FDA) is boosting its demand across the globe. Isobutyl stearate also has significant demand from the metalworking sector. Also, the cosmetics industry is also generating high demand for this solvent. Isobutyl stearate is used in the manufacturing of skin make up, skin care products, eye make-up, and lipsticks. Thus, the increasing demand for cosmetics from around the world is directly working in favor for the global isobutyl stearate market.
It is estimated that the growing research and development activities will help realize more applications of isobutyl stearate, thus widening its scope of use. This in turn is anticipated to open new doors of opportunity for players in the global isobutyl stearate market. The high demand for bio-lubricants in metalworking fluid will also help boost the market’s growth. Isobutyl stearate helps in increasing the lubricity of metals such as aluminum, steel, and copper, thus driving their demand. Also, isobutyl stearate is known to have reduced degree of toxicity, making them eligible to be used as an ingredient in personal care or cosmetics. However, the market will face a few challenges. Regulations regarding the use of isobutyl stearate have limited the growth in a few countries. Many of the European nations for instance have imposed limitations on the use of isobutyl stearate as it may cause eye irritation and skin irritation. It may also result in the severe damage to the eye. Thus, the market faces these challenges.
The global isobutyl stearate market is characterized by the presence of several players such as Oleon NV, Emery Oleochemicals, Faci S.p.A., Industrial Química Lasem SA, A&A Fratelli Parodi Spa, Hangzhou DayangChem Co., Limited, and Mosselman S.a. These players are mostly concentrating in strengthening their regional presence. They are also working towards making their distribution channel stronger. Players are paying much attention towards developing new products so as to gain a competitive edge above all others. Many companies are also expanding their production capacities because of the overwhelming demand from various end user industries. In the years to come, the players are expected to bank on mergers and acquisitions, partnerships, and collaborations to expand their product portfolio as well as to make their presence strong across the globe.
On the basis of application, the market is segmented into personal care, metalworking, and industrial segment. Of these, the metalworking segment is leading in terms of high consumption of isobutyl stearate. The second leading application area of isobutyl stearate is the personal care industry. By geography, the market will be led by Asia Pacific on account of the highest consumption of isobutyl stearate, with China being a key consumer. Rapid industrialization and flourishing cosmetic industries will bode well for the isobutyl stearate market in Asia Pacific. Moreover, Japan is also witnessing a high demand for isobutyl stearate from the metalworking sector and personal care industry. In the years to come, Europe and North America will also witness healthy growth within the global isobutyl stearate industry.
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