The global butyl stearate market 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. 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.
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.
Discover growth opportunities and assess market potential with a comprehensive market overview. Download our sample now and stay ahead of the curve! https://www.futuremarketinsights.com/reports/sample/rep-gb-9591
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:
- 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.
- 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
Jacob Stern & Sons, Inc., Fine Organics, Pacific Texchem Private Limited, Mohini Organics Pvt. Ltd., Allan Chemical Corporation, and AcarKimya A.S., among others, are a few of the key players in the butyl stearate market profiled in the full version of the report.
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.
For more information on purchasing this report, please contact our sales team for immediate assistance @ https://www.futuremarketinsights.com/checkout/9591
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com