According to a new market report published by Lucintel, the future of the isobutyl stearate market looks promising with opportunities in lubricants, cosmetics, coatings, polishes, and others. The global isobutyl stearate market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market are growing demand for increase in awareness related bio-esters and bio-lubricants is the key factor anticipated to drive the demand for isobutyl stearate.
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In this market, powder, and liquid are the major types. Lucintel forecasts that powder will remain the largest segment over the forecast period because increasing demand for the use of esters in metal lubricating application has increased over the years due to its excellent lubricating properties.
Within this market, lubricants, cosmetics, coatings, polishes, and others are the major applications of isobutyl stearate. Cosmetics will remain the largest segment by application type over the forecast period due to its less toxicity is widely preferred as an ingredient in personal care products.
Asia-Pacific is expected to witness the highest growth over the forecast period due to the growing usage in metal working fluids, increasing investments in the personal care industry, growing domestic consumption, and industrial applications are expected to drive the demand for isobutyl stearate.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global isobutyl stearate market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Isobutyl Stearate Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global isobutyl stearate market by type, application, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Lubricants
Cosmetics
Coatings
Polishes
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Germany
United Kingdom
France
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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