The size of the world butyl stearate market was estimated at US$ 4.56 billion in 2021 and is predicted to reach US$ 5.18 billion in 2022. The overall demand for the butyl stearate market is projected to rise at a steady CAGR of 4 percent to 4.8 percent between 2022 and 2032, reaching a total of roughly US$ 9.42 Bn by 2032.
This is due in part to butyl stearate’s growing adoption across a variety of industries, including cosmetics & personal care, textiles, and food & beverages. Butyl Stearate is an organic chemical compound belonging to the family of alkyl esters of fatty acids.
Butyl stearate is the butyl ester of stearic acid, it is also known by the names such as Octadecanoic acid, Butyl octadecanoic, N-Butyl stearate, etc. Butyl Stearate is synthesized by the reaction of stearic acid with butyl alcohol. Butyl stearate has inimitable properties such as low viscosity and high stability. Owing to its distinguished properties, it forms a hydrophobic, non-greasy film when used for skin care.
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Butyl Stearate is usually in the form of oily liquids or waxy solids. Butyl Stearate is finding its application in various industries as a plasticizer in plastic and polymer processing, and as an emollient in cosmetics & personal care products such as skin creams, lotions & lipsticks, etc.
Butyl Stearate is also gaining significant attraction emulsifying agent or oiling agent in the food & beverage industry. Butyl stearate is also finding its applications in spin finishes & textiles, it is also used as a lubricant in metalworking, butyl stearate is also used as an additive for Paints and printing inks Butyl stearate can be also used as surfactant and base material for perfumers. Butyl stearate is also gaining attraction as a solvent or oil carrier in the agriculture industry.
Butyl Stearate Market: Dynamics
The growing urban population has surged consumer spending capabilities in developing countries, owing to which there is a rise in the consumption of cosmetics and personal care products. Rising consumption of cosmetics & personal care products will fuel the demand for butyl stearate.
The rise in youth inclination towards the use of cosmetics and personal care products and also changing lifestyle has elevated the consumption of cosmetics products, which will positively influence the butyl stearate. Changing food preferences due to changing lifestyles has led to the growth of the processed food industry, and increasing demand for processed food will substantially impact the butyl stearate market.
In this rapidly evolving industrial world plastics and polymers are playing a crucial role, up surge in the consumption of plastics & polymers will up rise the demand for butyl stearate. Also, the growth of the printing ink and paints industry will have a positive impact on the butyl stearate market. Shifting consumer preferences towards the adoption of food & cosmetic products comprised of natural ingredients will act as a restraining factor for the market.
Butyl Stearate Market: Key Developments
Examples of some of the market participants operating in the global butyl stearate market are:
Pacific Texchem Private Limited., Jacob Stern & Sons, Inc., Mohini Organics Pvt Ltd, A&A FratelliParodi Spa, AcarKimya A.S., Fine Organics, Nayakem Organics Pvt. Ltd., Allan Chemical Corporation, Green Biologics Ltd, and Penta Manufacturing Company among others.
The Butyl stearate market research report presents a comprehensive assessment of the Butyl stearate market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
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Butyl Stearate Market: Segmentation
The global butyl stearate market can be segmented on the basis of form, grade, application and by end-use.
The global butyl stearate market is segmented on the basis of its form:
- Oily liquid
- Waxy solid
The global butyl stearate market is segmented on the basis of its grade:
- Technical Grade (40-60%)
- Cosmetic/Pharma Grade (≥99%)
The global butyl stearate market is segmented on the basis of its application:
- Emollient
- Plasticizers
- Flavoring agent
- Solvent
- Lubricant
The global butyl stearate market is segmented on the basis of its end-use:
- Cosmetics & Personal Care
- Plastics & Polymers
- Metalworking
- Food & Beverages
- Textile
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Butyl Stearate Market: Regional Outlook
Highly escalated population growth and increased spending capabilities especially in countries such as China and India are estimated to boost the growth of the cosmetics & personal care industry along with the food & beverage industry. Also, the increased inclination towards better looks & style has hiked up the consumption of cosmetics and personal care products in the Asia Pacific region, owing to which Asia Pacific makes a promising market for butyl stearate.
In developed economic regions such as North America & Europe, there is a substantial rise in the demand for beauty & personal care products, especially there is a significant rise in the demand for anti-aging and men’s care & grooming product, owing to which North America & Europe can be considered as a prominent market for butyl stearate.
Increasing demand for beauty care & personal care products due to augmented self-awareness has elevated the demand for butyl stearate in Latin America, due to which Latin America is expected to be a healthily growing market.
Rising demand for cosmetics & personal products due to their increased consumption especially in the Middle East region and inclination towards the use of beauty care & other personal care products in the region such as Africa makes Middle East & Africa a promising market for butyl stearate.
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