NEW YORK, March 16, 2017 /PRNewswire/ -- "Isobutyl Stearate market is projected to reach USD 182.3 million by 2026"
The global isobutyl stearate market is projected to reach USD 182.3 million by 2026, at a CAGR of 4.8% from 2016 to 2026. The increasing consumption of isobutyl stearate in the metalworking, personal care, and industrial applications is driving the growth of the global isobutyl stearate market. The future demand for isobutyl stearate is expected to be hampered due to certain regulatory challenges, concerned with the use of isobutyl stearate in some countries, for example the limitation in the use of isobutyl stearate in some countries in Europe. This is a major restraint for the global isobutyl stearate market.
"Metalworking segment to register highest growth in the isobutyl stearate market"
The metalworking industry is the largest consumer of isobutyl stearate. Owing to its growing consumption for the copper, steel and aluminum application segment, the demand for isobutyl stearate is expected to rise in this period. Apart from metalworking, the demand for isobutyl stearate in personal care and industrial applications is also expected to increase.
The isobutyl stearate market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period
The Asia-Pacific isobutyl stearate market is anticipated to grow at the highest CAGR from 2016 to 2026. Growth in this market is attributed to the increasing demand for isobutyl stearate applications. China and Japan in the Asia-Pacific region, are the two major countries expected to register the highest CAGR during the forecast period.
The growth in these two countries is mainly due to the growing demand for isobutyl stearate in personal care and metalworking products. One of the major producers of isobutyl stearate in this region is, Hangzhou DayangChem Co., Limited.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up of the profile of primary discussion participants is given below.
BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:
- By Company Type: Tier 1 - 57 %, Tier 2 - 29%, and Tier 3 - 14%
- By Designation: C Level - 55%, Director Level - 36%, and Others - 9%
- By Region: North America - 57%, Europe - 14%, Asia-Pacific - 22%, and Middle East & Africa - 7%
Major companies profiled 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).
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 the global report.
Reasons to Buy the Report:
This report covers the following key aspects:
- The market size by 2026 and the growth rate from 2016 to 2026
- The key market trends
- The factors expected to drive the growth of the market
- The restraints that impact market growth
- The key players in this market
- The global isobutyl stearate market report covers key regions, such as North America, Europe, and Asia-Pacific, including major countries in these regions such as the U.S., China, Japan, India, France, and Germany
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