Butyl Stearate Market

Butyl Stearate Market Analysis and Forecast By Form, Application, End Use, Region, and Country, 2023–2023

Market insights on butyl stearate that include a forecast of demand, sales, and current major trends

Category: Chemicals & Materials Published Date : Sep-23 ID: CVC0110 Format: PDF Pages: 300

Butyl Stearate Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global butyl stearate market will grow at a 4.2% CAGR during the period 2023–2033 to reach a valuation of US $6096.6 million by 2033.

Key Findings on the Butyl Stearate Market

1. Which is the largest market for butyl stearate?

The biggest market for butyl stearate is East Asia. As per our analysis, East Asia holds nearly 37.2% share of the butyl stearate market.

2. What is the largest application segment within the butyl stearate market?

As per ChemView Consulting, the largest segment by application is emollients. As per our analysis, this segment accounts for nearly 45.1% of total revenues.

3. At what rate is the butyl stearate market expected to grow?

The butyl stearate market is expected to grow at a CAGR of 4.2% during the period 2023–2033.

4. What are the major trends influencing the butyl stearate market?

  • Research and Development: Ongoing research into improving the properties and applications of butyl stearate is increasing its potential uses. This includes exploring its application in eco-friendly products, which will increase market growth even further.
  • Industrial Applications: Butyl stearate is used in a variety of industrial applications, such as polymers, coatings, and metalworking fluids, as a plasticizer, lubricant, and additive. The expansion of industries such as construction, automotive, and manufacturing is driving up demand for these applications.

5. Who are the leading players in the butyl stearate market?

The key companies in the butyl stearate market are AcarKimya A.S., Evonik, Pacific Texchem Private Limited, Mohini Organics Pvt. Ltd., Fine Organics, Green Biologics Ltd., A&A Fratelli Parodi Spa,Jacob Stern & Sons, Inc., Nayakem Organics Pvt. Ltd., and Allan Chemical Corporation.

Key Drivers for Butyl Stearate Demand

  • Butyl stearate is widely used in cosmetics and personal care products due to its emollient and skin-conditioning characteristics. The shift towards natural and sustainable components in these products is boosting the market for butyl stearate as a plant-derived alternative to synthetic compounds.
  • Additionally, consumer preferences for eco-friendly and sustainable products have driven producers to seek out ecologically favourable additives. Butyl stearate, which is known for its biodegradability, aligns well with this shift, boosting its market growth.
  • Furthermore, economic growth in emerging economies drives demand across industries. This consists of industries that use butyl stearate, such as automotive, construction, and packaging.

Key Challenges Inhibiting Demand for Butyl Stearate

  • The availability and cost of raw materials used in the production of butyl stearate can fluctuate, influencing overall production costs and potentially leading to market instability.
  • Moreover, concerns about the carbon footprint and environmental impact of petroleum-based products such as butyl stearate are driving up demand for bio-based and renewable chemicals. This change limits the growth of the butyl stearate market as consumers and enterprises explores more sustainable alternatives.

Key Challenges & Opportunities for Butyl Stearate Manufacturers

  • Maintaining consistent product quality is critical for specialty compounds such as butyl stearate. Manufacturers must invest in robust quality control methods to verify that the product fulfills the specified requirements and works as expected in varied applications.
  • However, collaboration with raw material suppliers, industrial organisations, and research institutes can promote innovation and knowledge exchange. By developing strategic alliances, enterprises can gain access to new resources, insights, and technologies that can drive product development and market expansion.

Country/Region-wise Insights

US Butyl Stearate Market Forecast

  • Rising demand for butyl stearate in a variety of industries such as personal care, cosmetics, and pharmaceuticals in the US market is projected to observe significant growth?in the estimated period.
  • In addition, research and development efforts to improve the properties and applications of butyl stearate contribute to market innovation.

Europe Butyl Stearate Market Outlook

  • Growing awareness in the area of the advantages of utilising eco-friendly and sustainable ingredients in the Europe market is anticipated to drive sales in the market over the assessment period.
  • Additionally, advances in production methods and the development of unique formulas are improving the product’s performance and increasing its acceptance across industries.

Japan Butyl Stearate Market Forecast

  • Rising demand for cosmetics and personal care products in the Japan market is anticipated to drive the market over the forecasted period.
  • Additionally, the growing consumption of packaged foods, along with the need for food-safe packaging materials, is expected to boost demand for butyl stearate-based compounds in food packaging applications.

China & India Butyl Stearate Market Forecast

  • Rapid industrialization and urbanization in the China & India markets are anticipated to fuel the market over the forecast period. China & India butyl stearate markets are likely to account for a leading share of the global butyl stearate market.?
  • Additionally, the booming automotive and construction sectors in China and India are expected to drive up use of butyl stearate, which is used to make coatings and lubricants.

Butyl Stearate Market Outlook & Forecast by Segmentation

By Form

Based on form, the oily liquid segment is expected to remain at the forefront of butyl stearate market share over the assessment period. The growth is mainly because oily liquid butyl stearate is used in a variety of industries, including cosmetics, personal care products, medicines, polymers, and others. It acts as an emollient, lubricant, and viscosity modifier, making it essential in the production of lotions, creams, shampoos, and plastics.

Additionally, the oily liquid butyl stearate’s solubility in a wide range of solvents increases its applicability in various formulations. It can be easily added to a variety of product formulations without affecting their overall composition.

By Application

Based on application, the emollients segment is set to account for 45.1% of the butyl stearate market share over the assessment period. The growth is mainly because emollients like butyl stearate are extensively used in cosmetics and personal care products like creams, lotions, and moisturizers. They help enhance the texture of these products, making them smoother and more spreadable.

Furthermore, they help with skin hydration, which is essential for maintaining skin health. The continuing growth of the cosmetics and personal care sectors is expected to boost demand for butyl stearate as an emollient.

By End Use

Based on end use, the food & beverage system segment is expected to remain at the forefront of butyl stearate market share over the assessment period. The growth is mainly because butyl stearate is used as a food additive to improve the texture, taste, and smell of different foods. It is widely used to flavour baked foods, confectionery, dairy items, and beverages. Its capacity to enhance the sensory qualities of food items contributes to its popularity.

Furthermore, butyl stearate can improve the smell of food, making it more appealing to consumers. This is especially crucial in products where scent influences consumer preference, such as baked goods and some beverages.

Which Company Owns the Largest Share in the Butyl Stearate Market?

The key companies in the butyl stearate market are AcarKimya A.S., Evonik, Pacific Texchem Private Limited, Mohini Organics Pvt. Ltd., Fine Organics, Green Biologics Ltd., A&A Fratelli Parodi Spa,Jacob Stern & Sons, Inc., Nayakem Organics Pvt. Ltd., and Allan Chemical Corporation.

Recent Developments:

  • In April 2023, Evonik, a publicly traded German specialty chemicals firm, launched its latest ingredients at in-cos Global in Barcelona, with a focus on biotechnology and an emphasis on the utilisation of renewable resources and sustainable processes. Along with its expanding active component ranges, the company showed its biosurfactants and applications in skin and hair care.

As per our analysis, the companies that hold the largest share in the market are

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Pacific Texchem Private Limited

Located in Maharashtra, it is one of India’s first specialty chemical firms.

Mohini Organics Pvt. Ltd.

Founded in 1990 and located in Malad (West), Mumbai, it is involved in the production of surfactants, which are primarily used as emulsifiers in a variety of applications.

A&A Fratelli Parodi Spa’s

founded in 1955 and located in Italy. The company manufactures specialty oils for cosmetic and pharmaceutical purposes.

Fine Organics

Founded in 1970 and with headquarters in India, it is a leading manufacturer of specialty additives for plastics, foods, rubbers, inks, paints, cosmetics, and other applications.

Nayakem Organics Pvt. Ltd.

Established in 1970 and located in India, it is one of the most reputable plasticizer manufacturers.

What Makes this Report More Insightful than Others?

With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:

Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.

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Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.

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Pioneering Technological Insights: Explore the forefront of innovation, capturing trends before they shape the market.

The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, every insight designed to catalyze growth. Partner with us, and let’s co-create the future of your business.

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1.1. Research Scope And Premise

1.2. Research Methodology

1.3. Market Estimation

2.1. Summary Snapshot, 2023 - 2033

4.1. Butyl Stearate Market Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market Indicators Analysis

4.2.2. Market Drivers Analysis

4.2.3. Market Restraints Analysis

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Etop Analysis

4.6. Porter’s Five Forces Analysis

4.7. Price Trend Analysis

4.8. Customer Mapping

4.9. Global Recession Influence

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2023-2033

5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2023-2033

5.3.1. Oily Liquid

5.3.2. Waxy Solid

5.4 Y-o-Y Growth Trends Analysis By Form, 2023- 2033

5.5 Absolute $ Opportunity By Form, 2023- 2033

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2023-2033

6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2023-2033

6.3.1. Emollient

6.3.2. Plasticizers

6.3.3. Flavoring agent

6.3.4. Solvent

6.3.4. Lubricant

6.4. Y-o-Y Growth Trends Analysis By Application, 2023- 2033

6.5. Absolute $ Opportunity By Application, 2023- 2033

7.1. Introduction / Key Findings

7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2023-2033

7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2023-2033

7.3.1. Cosmetics & Personal Care

7.3.2. Plastics & Polymers

7.3.3. Metalworking

7.3.4. Food & Beverages

7.3.5. Textile

7.4. Y-o-Y Growth Trends Analysis By End Use, 2023- 2033

7.5. Absolute $ Opportunity By End Use, 2023- 2033

8.1. Introduction

8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2023-2033

8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2023-2033

8.3.1. North America

8.3.2. Latin America

8.3.3. Western Europe

8.3.4. Eastern Europe

8.3.5. South Asia and Pacific

8.3.6. East Asia

8.3.7. Middle East and Africa

8.4. Market Attractiveness Analysis By Region

9.1. Market Revenue Share By Manufacturers

9.2. Manufacturing Cost Breakdown Analysis

9.3. Mergers & Acquisitions

9.4. Market Positioning

9.5. Strategy Benchmarking

9.6. Vendor Landscape

10.1. AcarKimya A.S.

10.1.1 Company Overview

10.1.2 Financial Performance

10.1.3 Technology Insights

10.1.4 Strategic Initiatives

10.2. Evonik

10.2.1 Company Overview

10.2.2 Financial Performance

10.2.3 Technology Insights

10.2.4 Strategic Initiatives

10.3. Pacific Texchem Private Limited

10.3.1 Company Overview

10.3.2 Financial Performance

10.3.3 Technology Insights

10.3.4 Strategic Initiatives

10.4. Mohini Organics Pvt Ltd.

10.4.1 Company Overview

10.4.2 Financial Performance

10.4.3 Technology Insights

10.4.4 Strategic Initiatives

10.5. Fine Organics

10.5.1 Company Overview

10.5.2 Financial Performance

10.5.3 Technology Insights

10.5.4 Strategic Initiatives

10.6. Green Biologics Ltd.

10.6.1 Company Overview

10.6.2 Financial Performance

10.6.3 Technology Insights

10.6.4 Strategic Initiatives

10.7. A&A Fratelli Parodi Spa

10.7.1 Company Overview

10.7.2 Financial Performance

10.7.3 Technology Insights

10.7.4 Strategic Initiatives

10.8. Jacob Stern & Sons, Inc.

10.8.1 Company Overview

10.8.2 Financial Performance

10.8.3 Technology Insights

10.8.4 Strategic Initiatives

10.9. Nayakem Organics Pvt Ltd.

10.9.1 Company Overview

10.9.2 Financial Performance

10.9.3 Technology Insights

10.9.4 Strategic Initiatives

10.10. Allan Chemical Corporation

10.10.1 Company Overview

10.10.2 Financial Performance

10.10.3 Technology Insights

10.10.4 Strategic Initiatives