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Isostearic Acid Market Will Touch USD 463.2 Million in 2030

The isostearic acid market was USD 296.7 million in 2023, which will rise to USD 463.2 million, powering at a CAGR of 6.7%, by 2030.

This acid is significantly employed in pharmaceuticals, coatings, cosmetics, food & beverages, and various other sectors. Therefore, the increasing requirement for cosmetic and personal care products, mainly in APAC and Europe, is likely to have a positive impact on this industry.

An expanding supply of effective raw materials, mainly oilseeds, will boost the supply of this chemical. It is generally made from oleic acid, an unsaturated acid type. The main raw materials for oleic acid comprise rapeseed oil, soybean oil, sunflower oil, beef tallow, palm oil, and safflower oil.

As ingredients for personal care items, many chemical esters, involving monostearate, glycerol, isopropyl isostearate, and isostearate, are made from C18H36O2. Therefore, it is an essential element of personal care products like moisturizers, lipsticks, sun protection creams, and hair dyes.

The chemical esters category, on the basis of application, was the largest contributor to the isostearic acid market. Moreover, this category will remain the largest in the years to come. Chemical esters are employed in plasticizers as well as pigment adhesion promoters because of their improved dispersion, low residue formation, and quick absorption.

These factors aid in producing chemical esters a major intermediate material in personal care as well as industrial applications.

As a result, isostearic acid is extensively used in cosmetics, sun protection creams, haircare & baby care products, and liquid soaps. Its oxidation, as well as odor strength, assist in its application in personal care goods needing a greater shelf lifespan.

Europe was the largest contributor to the industry, mainly because of the surging cosmetics demand, coupled with the increasing use of biobased lubricants. In this regard, stringent environmental guidelines to decrease greenhouse gas levels in the environment will positively affect this industry.

APAC is also advancing at a significant pace, because of the increasing need for personal care items, primarily in emerging economies like India, Indonesia, and China. This can be because of the rising per capita disposable salary of the middle class, along with the mounting populace in India and China.

With the surging need for cosmetic and personal care products, the isostearic acid industry will continuously advance in the coming years.

The Sweet Scent of Success: Unveiling Opportunities in the Cinnamaldehyde Market

The Population Division of the UN estimates that the global urban population grew from 4.28 billion in 2019 to 4.358 billion in 2020. Moreover, the UNDESA states that 55% of the world population was urban in 2018, and this will increase to around 66.66% by 2050. The surging urban population will facilitate the penetration of personal care products, especially among the middle-class population of Tier 2 and Tier 3 cities, owing to which the consumption of cinnamaldehyde will amplify in the coming years.

Additionally, the soaring aging population will drive the cinnamaldehyde market growth in the forthcoming years, on account of the burgeoning demand for cosmetics and personal care products among the elderly. Owing to the antibacterial and antifungal properties of this compound, it is being used in products utilized to fight tooth decay and bad breath, which are extremely common among the aging population. The UNDESA forecasts that the population of individuals aged 65 years or over will rise from 727 million in 2020 to approximately 1.5 billion by 2050.

Moreover, the rising income of people in developing countries will also facilitate the use of cinnamaldehyde in the foreseeable future. A high volume of this compound is used in food products, fragrance products, personal care items, and cosmetics, which are being consumed in large quantities in emerging economies, due to their growing income. For example, the OECD states that the gross national income per capita of Saudi Arabia, Brazil, and South Africa increased from $48,606 in 2017 to $49,497 in 2019, $14,324 in 2017 to $14,671 in 2018, and $12,781 in 2018 to $12,911 in 2019, respectively.

In recent years, the surging use of this naturally occurring chemical as an antimicrobial agent in the agriculture sector has become a prominent trend in the cinnamaldehyde market. Nowadays, the farming community is increasingly using cinnamaldehyde-based insecticides, due to their low toxicity. To cater to the demand for such insecticides, market players are exploring new ideas for the better commercialization of cinnamaldehyde-based pesticides. Additionally, this chemical has also proven to be effective in inhibiting the growth of foodborne pathogens in several food crops.

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Some of the dominant producers of cinnamaldehyde in recent times are Haihang Industry Co. Ltd., Finoric LLC, Payan Berthand S.A, Yingcheng Wuhan Organic Materials Co. Ltd., Kao Global Chemicals, Lanxess AG, ABI Chem, Jayshree Aromatics Pvt. Ltd., Mubychem Group, and Emerald Kalama Chemical LLC. These chemical companies use natural sources such as camphor and cassia, a Cinnamomum spice, and synthetic sources such as cinnamyl alcohol, acetaldehyde, and benzaldehyde to obtain cinnamaldehyde.

According to P&S Intelligence, the APAC region accounted for the largest share in the cinnamaldehyde market in the recent past, due to the boom in the population of China and India. The massive population serves as a huge customer base for personal care and cosmetic product, food and beverage, and pharmaceutical companies. Cinnamaldehyde is used as a flavoring agent in liquid refreshments, ice creams, chewing gums, and candies, and as an odor agent in cosmetics and personal care items.

Get More Details Cinnamaldehyde Market Opportunities Analysis

Magnesium Stearate Market: Trends, Growth Factors, and Industry Analysis

The global magnesium stearate market is predicted to touch $2,637.6 million by 2030, progressing at a 5.3% CAGR from 2020 to 2030. The major factors driving the market are an increase in the use of magnesium stearate in personal care products and the APAC rapidly expanding pharmaceuticals sector.

Based on form, the powder category dominated the magnesium stearate market in terms of size. Due to its use as an appropriate release agent during the production of drugs, powdered magnesium stearate is in high requirement from the pharmaceutical sector. Utilizing the compound makes the production process effective and time-saving by preventing tablets from adhering to the manufacturing equipment.

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Moreover, strong demand for magnesium stearate as a raw material has been generated as a result of rising personal care product usage in emerging countries due to rising consumer expenditure. As a result, these factors are driving the magnesium stearate market.

Geographically, APAC dominates the magnesium stearate market due to a considerable increase in the use of chemicals, primarily in the pharmaceutical, food & beverage, plastics, and personal care sectors. To fulfill the region’s end-use industries’ high-volume demand, chemical producers there are placing a lot of emphasis on facility expansions. Additionally, the consumption of prescription medication in the form of pills and capsules is rising due to the increasing prevalence of many disorders.

Recently, the usage of compound in personal care products has increased significantly, especially in India, China, Germany, the U.S., France, and South Korea. Magnesium stearate may be used as a great lubricant and texturizer in cosmetics. Additionally, it is commonly utilized as a cream thickener and in hair care products including shampoos, hair masks, and conditioners.

Browse In-depth Competitive Landscape of the Magnesium Stearate Market