According to estimates, the global butyl stearate market will be worth $4.56 billion in 2021 and $5.18 billion in 2022. Between 2022 and 2032, the total demand for butyl stearate is anticipated to increase steadily at a CAGR of 4 percent to 4.8 percent, reaching around US$ 9.42 billion by that time. This is partly attributable to butyl stearate’s expanding use in a number of sectors, including textiles, food & beverage, cosmetics & personal care.
Alkyl esters of fatty acids are a class of organic chemical compounds that include butyl stearate. The butyl ester of stearic acid, butyl stearate, is sometimes referred to as octadecanoic acid, butyl octadecanoate, and N-butyl stearate, among other names. Stearic acid and butyl alcohol react to create butyl stearate, which is then produced.
Butyl stearate is unique in that it possesses characteristics like low viscosity and good stability. Due to its unique qualities, it creates a hydrophobic, non-greasy layer when applied to the skin for skin care. The most common forms of butyl stearate are waxy solids or oily liquids.
Butyl Stearate is finding its application in various industries as a plasticizer in plastic and polymer processing, as an emollient in cosmetics & personal care products such as skin cream, lotions & lipsticks etc. Butyl Stearate is also gaining significant attraction emulsifying agent or oiling agent in food & beverage industry.
Butyl stearate is also finding its applications in spin finishes & textiles, it is also used as lubricants in metalworking, butyl stearate is also used as an additive for Paints and printing inks Butyl stearate can be also used as surfactants and base material for perfumer. Butyl stearate is also gaining attraction as a solvent or oil carriers in agriculture industry.
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Butyl Stearate Market: Dynamics
Growing urban population has up surged consumer spending capabilities in developing countries, owing to which there is rise in the consumption of cosmetics and personal care products. Rising consumption of cosmetics & personal care products will fuel the demand for butyl stearate. 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 lifestyle has led to the growth of processed food industry, increasing demand for processed food will substantially impact the butyl stearate market. In this rapidly evolving industrial world plastics and polymers are playing crucial role, up surge in the consumption of plastics & polymers will up rise the demand for butyl stearate. Also the growth of 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: Regional Outlook
Highly escalated population growth and increased spending capabilities especially in countries such as China and India is estimated to boost the growth of cosmetics & personal care industry along with 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 the developed economic regions such as North America & Europe there is substantial rise in the demand for beauty & personal care products, especially there is significant rise in the demand for anti-ageing and men care & grooming product, owing to which North America & Europe can be considered as prominent market for butyl stearate. Increasing demand for beauty care & personal care products due to the augmented self-awareness has elevated the demand for butyl stearate in Latin America, due to which Latin America is expected to be 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.
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.
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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:
- Flavoring agent
The global butyl stearate market is segmented on the basis of its end-use:
- Cosmetics & Personal Care
- Plastics & Polymers
- Food & Beverages