The market for Isostearic Acid is expected to grow at a CAGR of over 7% during the forecast period. Major factors driving the market studied are growing cosmetics & personal care industry in the Asia-Pacific region and rising demand from chemical esters segment. On the flipside, high cost of isostearic acid due to limited supply and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.
– Growing demand of bio-based products is expected to offer various lucrative opportunities for the growth of market.
– By application, cosmetics & personal care segment is expected to dominate the market owing to the increase in the usage of isostearic acid as emulsifier in manufacturing various cosmetic and personal care products.
– Asia-Pacific region dominated the isostearic acid market across the globe with the largest consumption from countries such as China and India.
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Key Market Trends
Increasing Demand from Cosmetics & Personal Care Segment
– Isostearic acid is fatty acid which is produced by reacting oleic acid with other natural mineral catalyst. It is lightly branched and clear yellow in color.
– The increasing demand of isostearic acid as a key ingredient in manufacturing cosmetics and personal care products like skin care, hair care, sun protection cream, lip color cosmetics, bath & shower products, and liquid soaps is propelling the isostearic market.
– Isostearic acid has superior properties such as odor stability, thermal stability and ultraviolet rays resistant properties. Owing to these properties the demand of isostearic acid in cosmetics and personal care is likely to increase during the forecast period.
– The global cosmetics and personal care industry is expected to grow at a CAGR of over 4% during the forecast period. Due to this, there will be surge in the demand of isostearic acid and thus, stimulating its market during the forecast period.
– Owing to all the above-mentioned factors for isostearic acid, its market is expected to grow rapidly over the forecast period.
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