Isostearic acid is a methyl branched fatty acid that is used as a binder, surfactant, dispersant in various industries, including personal care, chemical esters, lubricants and greases, textile, and packaging. The consumer expenditure on cosmetics products is increasing due to higher fashion consciousness, improved purchasing power, and growing aging population. The growing awareness regarding hazardous nature of petrochemical products among consumers is inclining their interest towards bio ingredients, which is driving the growth of the global isostearic acid market. Based on end- user, the global isostearic acid market has been categorized into chemical esters, personal care, lubricants and greases, and others (including textiles, oil extraction, rubber and polymer, and industrial and institutional cleaning).
In 2014, the global isostearic acid end-user market was dominated by chemical esters with 35.7% share in volume terms and 36.7% share in value terms. The isostearic acid-derived chemical esters are used as ingredients to manufacture cosmetic products, such as skin care and hair care products, lipsticks, and sun protection creams. The demand for isostearic acid-derived chemical esters is driven by its multifunctional properties, such as strong dispersion and adhesion, and emollient and water repellent nature.
Some of the major drivers behind the growth of the global isostearic acid market include growing cosmetics product market, and increasing lubricants and greases industry. The growing automotive industry, in conjunction with massive industrial growth within the developing markets of Asia- Pacific and Africa is driving the growth of the lubricants and greases market globally, which in turn are supporting the growth of the global isostearic acid market. The impact of increasing lubricants and greases industry on the global isostearic acid market is expected to be medium in short term, as the lubricants and greases industry accounts for a low share in the overall isostearic acid market. However, owing to continuous innovation and various applications of the acid in the lubricants and greases industry, the demand for isostearic acid in the industry is expected to grow with a faster rate than other end-user industries. Due to these factors, the impact of the growing lubricants and greases industry on the global isostearic acid market is projected to be high in the medium and long terms.
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