Isobutyl Stearate Market worth 182.3 Million USD by 2026


Posted December 24, 2018 by abhijeetw1

[108 Pages Report] The Isobutyl Stearate market is projected to reach USD 182.3 million by 2026, at a CAGR of 4.8% from 2016 to 2026.

 
[108 Pages Report] The Isobutyl Stearate market is projected to reach USD 182.3 million by 2026, at a CAGR of 4.8% from 2016 to 2026. Isobutyl stearate (IBS) is an ester which is primarily used in metalworking, personal care and other industrial activities. It is a stearate ester which is available in both liquid and solid forms. Isobutyl stearate due to its less toxicity is widely preferred as an ingredient in personal care products. Similarly, the use of esters in metal lubricating application has increased over the years due to its excellent lubricating properties. It improves the lubricity of different metals like copper, steel and aluminum. In this study, 2015 has been considered the base year and 2016-2026 as the forecast period to estimate the Isobutyl stearate market size.

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The major market players covered in this report are, Emery Oleochemicals (Malaysia), Oleon NV (Belgium), Faci S.p.A. (Italy), A&A Fratelli Parodi Spa (Italy), Industrial Química Lasem SA (Spain), Hangzhou DayangChem Co., Limited (China), and Mosselman S.a. (Belgium).

Scope of the report:
This research report categorizes the Isobutyl Stearate market on the basis of application and region. The report forecasts revenues as well as analyzes the trends in each of these submarkets.

On the Basis of Applications:

Metalworking
Personal Care
Industrial
On the Basis of Region:

Asia-Pacific
North America
Europe
Middle East & Africa
Latin America
Metalworking application is expected to lead the isobutyl stearate market by 2026

The metalworking application segment is estimated to account for a major share of the global isobutyl stearate market in 2016, followed by the personal care and industrial applications. The growing usage of bio-lubricants especially in metalworking fluid, is driving the global isobutyl stearate market. Isobutyl stearate is a stearate ester which is available in both, oily liquid and waxy solid forms. Isobutyl stearate due to its lower toxicity, is widely preferred as an ingredient in personal care products. Also, it enhances the lubricity of different metals such as, copper, steel, and aluminum. These product attributes make it a preferred stearate ester in the metalworking industry.

The Asia-Pacific region is expected to lead the isobutyl stearate market during the forecast period

The Asia-Pacific region is estimated to account for the largest share of the isobutyl stearate market in 2016, followed by Europe, and North America. China is one of the major consumers of isobutyl stearate in the Asia-Pacific region. The growing usage in metal working fluids, increasing investments in the personal care industry, growing domestic consumption, and industrial applications are expected to drive the demand for isobutyl stearate.

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Issued By marketsandmarkets
Country United States
Categories Business
Tags isobutyl stearate , isobutyl stearate market
Last Updated December 24, 2018