DUBLIN, Dec 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Isobutyl Stearate Market - Global Forecast to 2026" report to their offering.
The global Isobutyl Stearate (IBS) market is projected to reach USD 182.3 Million by 2026, at a CAGR of 4.8% from 2016 to 2026. The Asia-Pacific region is the fastest-growing and the largest market, while Europe is the second largest region in the consumption of isobutyl stearate. The key factors driving the isobutyl stearate market are the growing demand in personal care, metalworking, and industrial applications. The high demand, and growing usage of bio-lubricants, especially in metalworking fluids are driving the global isobutyl stearate market.
The major applications of isobutyl stearate are personal care, metalworking, and industrial. The metalworking industry is the largest and the fastest-growing consumer of isobutyl stearate. The growing consumption of isobutyl stearate in copper, steel and aluminium, and the increasing usage of bio-lubricants especially in metalworking fluids are driving the market. Isobutyl stearate is one of the most preferred esters due to its inherent properties. This stearate ester, due to its lower toxicity, is widely preferred as an ingredient in personal care products. Also, due to its excellent lubricating properties, it is widely used in the metal lubricating application.
The isobutyl stearate market in the Asia-Pacific region is expected to grow at the highest CAGR from 2016 to 2026. China and Japan have witnessed stable economic growth, and the growth of IBS is expected to be higher in these two countries. Moreover, the rising demand from the metalworking based industry is expected to drive the IBS market in the Asia-Pacific region.
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 limitations in the use of isobutyl stearate in some countries in Europe. This is a major restraint in the global isobutyl stearate market.
- A&A Fratelli Parodi SPA
- Emery Oleochemicals
- FACI SPA
- Hangzhou Dayangchem Company Ltd.
- Industrial Quimica Lasem S.A.
- Mosselman S.A.
- Oleon NV
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Isobutyl Stearate Market, By Application
6 Isobutyl Stearate Market, By Region
7 Supplier Analysis
8 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/l6d7qg/isobutyl_stearate
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets