Product Code: ETC083623 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India stearic acid market import shipments displayed robust growth from 2020 to 2024, with a notable CAGR of 22.4%. Momentum accelerated significantly between 2023 and 2024, with a growth rate of 33.0%, indicating a substantial expansion trend in the market.
The market for stearic acid in India is expected to witness a steady growth, driven by the increasing demand from various end-user industries such as cosmetics, pharmaceuticals and personal care products. Moreover, the rising preference for eco-friendly materials and bio-based alternatives are also likely to fuel the growth of this market over the forecast period. The growing demand for natural ingredients in skin care products is further driving this industry???s growth. Additionally, government initiatives promoting green chemistry and sustainability are acting as a major driver in boosting its production and consumption across India.
Growing demand from cosmetic & personal care industry, increasing usage of biodegradable packaging material made up of PLA resins containing stearic acid derivatives due to high sustainability features, rising awareness about health benefits associated with organic & natural ingredients etc., are some key drivers driving its market growth in India.
High cost of raw materials (palm oil) used in manufacturing process along with stringent regulations related to environmental concerns while producing these acids can be considered as key challenges impeding its market progress globally including India markets too. Furthermore fluctuating palm oil prices can be another challenge too.
Major players operating in India stearic acid market includes Akzo Nobel N V., Kao Corporation, Godrej Industries Ltd., KLK OLEO Chemicals Pvt Ltd., Emery Oleochemicals GmbH among others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Stearic Acid Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Stearic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 India Stearic Acid Market - Industry Life Cycle |
3.4 India Stearic Acid Market - Porter's Five Forces |
3.5 India Stearic Acid Market Revenues & Volume Share, By Feedstock, 2021 & 2031F |
3.6 India Stearic Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Stearic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from end-use industries such as personal care, pharmaceuticals, and plastics. |
4.2.2 Growth in the manufacturing sector and industrial activities in India. |
4.2.3 Rising awareness about the benefits of stearic acid in various applications. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like palm oil and animal fats. |
4.3.2 Stringent government regulations and quality standards impacting production processes. |
4.3.3 Competition from alternative products and substitutes in the market. |
5 India Stearic Acid Market Trends |
6 India Stearic Acid Market, By Types |
6.1 India Stearic Acid Market, By Feedstock |
6.1.1 Overview and Analysis |
6.1.2 India Stearic Acid Market Revenues & Volume, By Feedstock, 2021-2031F |
6.1.3 India Stearic Acid Market Revenues & Volume, By Animal-based Raw Materials, 2021-2031F |
6.1.4 India Stearic Acid Market Revenues & Volume, By Vegetable-based Raw Materials, 2021-2031F |
6.2 India Stearic Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Stearic Acid Market Revenues & Volume, By Soaps and Detergents, 2021-2031F |
6.2.3 India Stearic Acid Market Revenues & Volume, By Textiles, 2021-2031F |
6.2.4 India Stearic Acid Market Revenues & Volume, By Lubricants, 2021-2031F |
6.2.5 India Stearic Acid Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.6 India Stearic Acid Market Revenues & Volume, By Rubber Processing, 2021-2031F |
6.2.7 India Stearic Acid Market Revenues & Volume, By Other Applications, 2021-2031F |
7 India Stearic Acid Market Import-Export Trade Statistics |
7.1 India Stearic Acid Market Export to Major Countries |
7.2 India Stearic Acid Market Imports from Major Countries |
8 India Stearic Acid Market Key Performance Indicators |
8.1 Average selling price of stearic acid in the Indian market. |
8.2 Growth rate of key end-use industries utilizing stearic acid. |
8.3 Number of new product developments or innovations in stearic acid applications. |
8.4 Export volume of stearic acid from India to other countries. |
8.5 Adoption rate of sustainable sourcing practices in stearic acid production. |
9 India Stearic Acid Market - Opportunity Assessment |
9.1 India Stearic Acid Market Opportunity Assessment, By Feedstock, 2021 & 2031F |
9.2 India Stearic Acid Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Stearic Acid Market - Competitive Landscape |
10.1 India Stearic Acid Market Revenue Share, By Companies, 2024 |
10.2 India Stearic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |