The global demand for Hydroxystearic Acid Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of XX% under the study period 2023 - 2030.
Hydroxystearic acid, commonly known as 12-hydroxy stearic acid or 12-HSA, is a surfactant, emollient, and thickener made out of fatty acids. Hydroxystearic acid can be found in various personal care and cosmetics products, such as skin creams, hair treatments, and deodorants. Hydroxystearic acid, which is structurally identical to stearic acid, is made entirely from natural fats and oils, mainly castor oil. 12-HSA is created by combining permaleic and peracetic acids to oxidize 2-hexylcyclododecanone in methylene chloride. Hydroxystearic acid lactone is generated, and the lactone is alkaline hydrolyzed to produce 12-HSA.
Market Dynamics
The rising demand for hydroxystearic acid in the cosmetic industry due to its chemical functionality is projected to drive the global hydroxystearic acid market. These acids are used in many products, including lotions, creams, gels, make-up and ornamental cosmetics, and others. Another factor expected to drive the market is the increased use of SPF enhancement, sun care, self-tanning and after-tanning products, and underarm deodorants. Additionally, the hydroxystearic acid market is expected to be driven by changing lifestyles, fashion trends, and people's tendency to self-groom. Hydroxystearic acid is a synthetic and natural rubber activator, accelerator, and internal lubricant. Because of this feature, 12-HSA is an excellent choice for the rubber manufacturing business. The expanding population has increased demand for automobiles, which has boosted tyre production. The rubber market is being driven by an increase in demand for automobile tyres for new vehicles and the replacement of worn tyres. As a result, the hydroxystearic acid market is predicted to grow. The lack of uniform directives relevant to hydroxystearic acid applications is projected to limit the industry.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hydroxystearic acid. The growth and trends of hydroxystearic acid industry provide a holistic approach to this study.
Market Segmentation
This section of the hydroxystearic acid market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By Application
- Cosmetics
- Paints
- Rubber
- Lubricants
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Hydroxystearic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Hydroxystearic Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hydroxystearic acid market include KEMAT Polybutenes, Vertellus, NK Industries, Berg + Schmidt, Tongliao Xinghe Biotechnology, SHUNLI Chemical Industry, Tianxing Biotechnology, Shuangma Chemical, AOC, KLK Oleo, Sharon Laboratories. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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