PUNE, India, November 29, 2016 /PRNewswire/ --
The report "Isobutyl Stearate Market by Application (Metalworking, Personal Care, Industrial), and Region (Asia-Pacific, Europe, North America, Latin America, Middle East & Africa) - Global Forecast to 2026", published by MarketsandMarkets, the global market is projected to reach USD 182.3 Million by 2026, at a CAGR of 4.8% from 2016 to 2026.
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Browse 40 market data Tables and 48 Figures spread through 108 Pages and in-depth TOC on "Isobutyl Stearate Market"
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The Asia-Pacific region is one of the fastest growing, in the consumption of IBS, globally. The growing usage of bio-lubricants, especially in metalworking fluid, and the growing usage of bio-based esters in personal care are driving the global isobutyl stearate market. This growth is attributed to the increasing demand for isobutyl stearate in metalworking, personal care, industrial, and others worldwide.
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.
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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.
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).
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This report offers an overview of the market trends, drivers, and restraints with respect to the global isobutyl stearate market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. The report categorizes the global isobutyl stearate market on the basis of application and region. A detailed analysis of the leading players, along with the key growth strategies adopted by them is also covered in this report.
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