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Isobutyl Stearate Market Segmented By application such as Lubricants, Cosmetics, Coatings, Polishes, Others (Inks, rubber manufacture)
Isobutyl stearate is a type of stearate ester which in solid form is waxy and oily in liquid form. Stearic acid and R-alcohol are reacted, forming isobutyl stearate which is similar to butyl stearate but varies melting and pour temperature. Stearates esters are mostly used in personal care and cosmetic industry in the formulations of lipstick, skincare and makeup products etc. since they have lower viscosity and water repellent property.
Some of the other excellent property of isobutyl stearate is emollient property, because of which it is widely used in personal care products, for instance as a skin conditioning agent for soothing the skin. Apart from these, isobutyl stearate is used for fragrances in perfumes, acting as a masking agent. Isobutyl stearate also finds application in nail varnishes where is used as a plasticizer. In industrial applications, isobutyl stearate acts as wetting agents for polishes, pigments as it renders better slip properties.
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The global isobutyl stearate market is dependent on the supply & demand of end-use industries, and the raw materials. Stearic acid is the main raw material which is obtained from vegetable and animal fats, any fluctuations in the supply of steric acid have a direct effect on the isobutyl stearate manufacturers. Also, the substitutes for isobutyl stearate is butyl stearate itself, which can also be used for the same application wherein isobutyl stearate is used and thus restricts the market to some extent.
The personal care and cosmetic manufacturers are the chief customers for isobutyl stearate chemical and their growth basically drives the isobutyl stearate consumption rate. Further, the factors which indirectly supports the cosmetic & personal care manufacturers’ growth is the rising disposable income of individuals, urbanisation & development of megacities, demographic trends, penetration of premiumisation.
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The global isobutyl stearate market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). The isobutyl stearate market in APEJ region is expected to grow at healthy CAGR owing to growing penetration of cosmetic industry, urbanisation etc.
The isobutyl stearate market in North America and European countries is matured and expected to grow at a stable rate. The retail evolution in MEA coupled with growing tendency of people towards use of cosmetics boosts the isobutyl stearate market in MEA to some extent. Slow economic growth in Brazil, Mexico and other countries of Latin America restricts the growth of isobutyl stearate market.
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Some of the key players identified in the global isobutyl stearate market include:
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