The chemical further finds usage as a suitable lubricant in metalworking and as an additive for paints and printing inks. Thus, the market for butyl stearate looks forward to positive prospects in the forthcoming years. The global butyl stearate industry size is anticipated to expand at an average CAGR range of 4%-4.8% from 2022 to 2032. The target market is set to reach a valuation of US$ 9.42 billion in 2032, as opposed to US$ 5.18 billion in 2022. This growth can be attributed to the increasing adoption of butyl stearate across multiple industry verticals including textiles, cosmetics and personal care, and food and beverage, among others.
Butyl stearate, also known as octadecanoic acid, is an organic compound belonging to the family of alkyl esters of fatty acids. It is usually prepared through a reaction of stearic acid with a suitable alcohol such as butyl alcohol. Butyl stearate has low viscosity and an oily nature and thereby has the capacity to form a hydrophobic, non-greasy film when applied to lips or skin. As a result, butyl stearate gains extensive application in the formulations of different types of makeup, lipsticks, and skin care items. Hence, the inherent features of butyl stearate generate usage for the chemical as a plasticizer in the production of plastics and polymers, as an oiling agent in the textile industry, as an emulsifying and flavoring agent in food and beverage sector, as a raw material for spin fishes, and as an emollient in cosmetics and personal care products.
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Recent years have observed rapid urbanization and a gradual rise in consumer disposable income which in turn has encouraged greater spending on personal care and cosmetic products. More and more consumers are spending huge amounts on lipsticks, makeup, skincare, and personal care products. This acts as a main growth driver for the butyl stearate market. Furthermore, butyl stearate has become an ideal green chemical substitute for other potentially hazardous ingredients that are used in food and beverage, plastics, cosmetics, and personal care industries. Since butyl stearate is being increasingly used in these industries, the growth and expansion of these industries also spearhead the growth of the butyl stearate market during the forecast period.
Key Takeaways in Butyl Stearate Market:
- The availability of alternative lubricants, flavoring agents, and additives, as well as a growing preference for all-natural ingredients, are certain factors that may hamper the growth of the market.
- North America’s butyl stearate market will record robust growth owing to a booming cosmetics and personal care sector.
- The swift growth of the cosmetics and food sectors in Asia Pacific will foster growth for the butyl stearate market in this region.
- The US will continue to be the most prominent market in North America due to the growing focus on grooming and personal care products for men.
Competitive Landscape in the Butyl Stearate Market
A few of the key players in the butyl stearate market are profiled in the full version of the report
- Pacific Texchem Private Limited.
- Mohini Organics Pvt Ltd
- Jacob Stern & Sons, Inc.
- Fine Organics
- A&A Fratelli Parodi Spa
- AcarKimya A.S.
- Allan Chemical Corporation
- Nayakem Organics Pvt. Ltd.
- Green Biologics Ltd
- Penta Manufacturing Company
Predominant market players are concentrating on increasing production capacities, establishing new facilities, and price reduction tactics. These enterprises further adopt strategic partnerships, collaborations, mergers, and collaborations to strengthen their market position.
Over the past years, North America has established itself as a significant butyl stearate market, and this trend is poised to persist from 2022 to 2032. The growth in North America’s butyl stearate sector is attributed to the thriving cosmetics and personal care industry, robust consumer spending, the presence of global cosmetic and personal care giants, and the expanding use of butyl stearate in metalworking, textiles, and food and beverage sectors. Within North America, the United States stands out as the dominant butyl stearate market, primarily due to the escalating production and consumption of cosmetics and personal care items like anti-aging products, lipsticks, makeup, and men’s grooming products. In fact, the USA has secured its position as the world’s largest beauty and personal care product market.
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More Insights into the Butyl Stearate Market
FMI offers the latest, unbiased, and detailed analysis of the global butyl stearate market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of form, grade, application, end-user, and region.
According to reports, based on region, the butyl stearate market in North America will exhibit strong growth. The target market in this region will emerge as a dominant one in the forthcoming years. The US will support the growth of the regional market because of the elevated production and consumption of cosmetics and personal care products, particularly the growing demand for men’s grooming and personal care products. An upsurge in demand for butyl stearate in textile and food and beverage will also aid the expansion of the market in North America. Asia Pacific, too, will make notable contributions to the global growth of the butyl stearate market during the projection period.
Key Segments Profiled in the Butyl Stearate Industry Survey
By Form:
- Oily liquid
- Waxy solid
By Grade:
- Technical Grade (40-60%)
- Cosmetic/Pharma Grade (≥99%)
By Application:
- Emollient
- Plasticizers
- Flavoring agent
- Solvent
- Lubricant
By End Use:
- Cosmetics & Personal Care
- Plastics & Polymers
- Metalworking
- Food & Beverages
- Textile
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East and Africa
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