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Isobutyl Stearate Market Overview
The Isobutyl Stearate Market size is estimated to reach US$220540 billion by 2030, after growing at a CAGR of 4.80% during the forecast period 2024-2030. Isobutyl stearates are stearate esters that are waxy solids or oily liquids and are known by various chemical names such as isobutyl ester, octadecanoic acid, 2-methyl propyl ester and Kessco IBS. The growing textile & apparel sector is driving the isobutyl stearate market growth, to be utilized as inks and dyes for printing and staining the yarns. For instance, the Indian technical textile market is expected to expand by US$23.3 billion by 2027, according to the report 'Technical Textiles: Emerging Opportunities and Investments' released by the Federation of Indian Chambers of Commerce and Industry (F.I.C.C.). Moreover, the increasing requirement for isobutyl stearate in polishes, face creams and other applications in the personal care & cosmetics industry is anticipated to upsurge the growth of the isobutyl stearate industry during the forecast period. The global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in textile, cosmetics & personal care and other end-use industries all across the world, which had a significant impact on the growth of the isobutyl stearate market size.
Report Coverage
The “Isobutyl Stearate Market Report – Forecast (2024 - 2030)” by IndustryARC, covers an in-depth analysis of the following segments in the isobutyl stearate industry.
By Application: Lubricants, Ink, Soaps, Coatings, Polishes, Ointments and Others.
By End-use Industry: Metalworking, Personal Care & Cosmetics, Plastic Processing, Pharmaceutical & Healthcare, Textile & Apparel and Others
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (the Middle East and Africa)
Key Takeaways
- The Asia-Pacific region dominates the Isobutyl Stearate market owing to the increasing investments in the textile & apparel industry. For instance, according to the Government of Canada, in 2021, the Minister of Innovation, Science and Industry announced an investment of US$28.99 million in Meltech Innovation Canada Inc., this investment will support a US$38.754 million project, which includes the manufacturing of the specialized textiles.
- Rapidly rising demand for Isobutyl Stearate in the personal care & cosmetics industry for the formulation of makeup has driven the growth of the isobutyl stearate market.
- The increasing demand for Isobutyl Stearate in the pharmaceutical & healthcare sector, due to its usage in the topical pharmaceutical such as creams and ointments, has been a critical factor driving the growth of the isobutyl stearate market in the upcoming years.
- However, the availability of alternates to isobutyl stearates such as lauric acid, palmitic acid, stearic acid and others can hinder the growth of the isobutyl stearate market.
Isobutyl Stearate Market Segment Analysis – by Application
The lubricants segment held the largest Isobutyl Stearate Market share in 2023 and is estimated to grow at a CAGR of 4.9% during the forecast period 2024-2030, due to the increasing utilization of isobutyl stearate as a lubricant in cosmetics and personal care items. Isobutyl stearate esters are widely used as lubricants on the skin surface due to their waxy and oily characteristics. It provides a soft and smooth appearance to the skin. Isobutyl stearate forms a thin coating on application to the skin in the form of skin cosmetics. Therefore, acting as a skin-lubricating agent. Thus, all these exhibit characteristics of lubricants make it a preferred choice over the other applications of isobutyl stearate that are driving its segmental growth.
Isobutyl Stearate Market Segment Analysis – by End-use Industry
Personal care & cosmetics held the largest Isobutyl Stearate Market share in 2021 and is estimated to grow at a CAGR of 5.2% during the forecast period 2024-2030. In the personal care & cosmetics industry, isobutyl stearate is utilized in face creams, polishes, rouges, ointments and other items. They are applied in skincare as skin conditioning agents and are most frequently used in the formulation of eye and skin makeup, lipstick and in other cosmetic products. Additionally, in personal care products, isobutyl stearate is also used in personal care items such as soap, shampoo, lotions and other items. The personal care & cosmetics industry is growing, for instance, the total local production, in Mexico, of personal care and cosmetic products, is estimated to rise to US$7.15 billion in 2021, from US$7.14 billion in 2020. Thus, with the growth of the personal care and cosmetics industry, the market for isobutyl stearate will further rise over the forecast period.
Isobutyl Stearate Market Segment Analysis – by Geography
Asia-Pacific region held the largest Isobutyl Stearate market share in 2023 up to 38.6%, due to the increasing requirement for isobutyl stearate in developing countries such as China, Japan, India, Indonesia and South Korea. Indonesia is expected to continue its dominance in isobutyl stearates such as in face creams, polishes, inks, rouges, ointments and other items, during the forecast period. This is due to the growth of the personal care & cosmetics industry in the country. For instance, according to the International Trade Administration, in Indonesia, in 2021, the revenues in the personal care & cosmetics industry are projected to reach US$7.5 billion and is estimated to rise by a 6.5 percent compound annual growth rate through 2025. Moreover, in 2022, the personal care & cosmetics sector in India is valued at US$26.8 billion and is poised to reach US$37.2 billion by 2025. Such an increasing personal care & cosmetics sector in the APAC countries is anticipated to raise the demand for isobutyl stearate in the forecasted period and is proving to be a market booster for the isobutyl stearate market size in this region.
Isobutyl Stearate Market Drivers
Increasing Pharmaceutical & Healthcare Sector:
The pharmaceutical & healthcare sector utilizes Isobutyl Stearate in topical pharmaceuticals for application to body surfaces such as the mucous membranes to treat ailments in the form of creams, gels, foams, lotions and ointments. The pharmaceutical & healthcare sector is growing, for instance, in China, by 2030, the size of the pharmaceuticals & healthcare industry is expected to reach 16 trillion RMB (US$ 2.3 Million), according to the staff research report on the "US-China Economic and Security Review Commission." Additionally, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the total local production of pharmaceuticals reached US$340,898.7 Million in 2020 from US$322,407.6 Million in 2019. Thus, the growing pharmaceutical & healthcare sector will increase the demand for isobutyl stearate as a topical pharmaceutical and is anticipated to drive the growth of the market over the forecast period.
Surging Textile and Apparel Industry:
The textile & apparel industry uses Isobutyl Stearate as inks or dyes for staining and printing the yarns of cellulosic fibers such as wool, cotton, viscose rayon and leather, by using a reducing agent to make the dye soluble. Growth in the distribution and production of textiles is increasing the need for isobutyl stearate. The demand for textiles is in direct proportion to the rise in the standard of living in emerging countries. The textile and apparel industry is growing, for instance, according to the Indian Brand Equity Foundation, from April 2000 to March 2021, the textiles industry captivated Foreign Direct Investment (FDI), amounting to US$3.75 billion. Additionally, in 2021, in Africa, Ghanaian businesswoman and entrepreneur Roberta Annan launched a €100 million (US$110.15 million) fund to channel investment into small and medium African textile & apparel enterprises. Thus, the rising demand for inks in the textile & apparel sector is estimated to drive isobutyl stearate industry growth.
Isobutyl Stearate Market Challenge
Availability of Substitute to Isobutyl Stearate:
There are a number of alternative solutions to Isobutyl Stearate such as lauric acid, palmitic acid, stearic acid, oleic acid, myristic acid, coconut fatty acid and others can replace isobutyl stearate. Since these alternates possess large availability in the market due to the lower prices as compared to isobutyl stearate. For instance, according to TCI Chemical PVT. LTD., 25gm isobutyl stearate costs US$26.79 and stearic acid costs US$24.11. Also, these alternates find more usage in pharmaceutical & healthcare, textile & apparel and chemical industries, as compared to isobutyl stearate. Thus, the availability of alternates to isobutyl stearate will create hurdles for market growth.
Isobutyl Stearate Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies players adopt in the isobutyl stearate markets. The top 10 companies in the isobutyl Stearate market are:
- Emery Oleochemicals
- Oleon NV.
- Allan Chemical Corporation
- A&A Fratelli Parodi Spa
- Industrial Quimica Lasem
- Huntsman Corporation
- Hangzhou Dayangchem Co. Ltd.
- Mosselman s.a.
- Dow
- 3M Co.
Key Market Players:
The Top 5 companies in Isobutyl Stearate Market Market are:
- BASF SE
- Merck & Co., Inc.
- Emery Oleochemicals
- Hangzhou Dayangchem Co.
- Oleon NV
Relevant Reports
Report Code: CMR 1110
Report Code: CMR 34241
Report Code: CMR 0524
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14.2.Merck & Co., Inc.
14.3.Emery Oleochemicals
14.4.Hangzhou Dayangchem Co.
14.5.Oleon NV