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Stearic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22651
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Stearic Acid Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Stearic Acid | Specialty Chemical | South Korea | 1322 USD/MT (Rubber Grade) |
| Stearic Acid | Specialty Chemical | Netherlands | 1576 USD/MT (Rubber Grade) |
The stearic acid (rubber grade) prices in South Korea for Q4 2023 reached 1322 USD/MT (Rubber Grade) in December. South Korea's stearic acid market showed resilience despite currency fluctuations, which affected pricing. Stable supplies from key exporters and continued demand, especially from sectors needing winter tires, helped maintain market stability. The impact of these economic factors on the stearic acid market was evident, reflecting broader regional dynamics.
The stearic acid (rubber grade) price trend in the Netherlands for Q4 2023 reached 1576 USD/MT (Rubber Grade) in December. The country encountered slight price increases for the compound, driven by a competitive market environment and modest product demand from the winter tyre sector. Moreover, the diminishing industrial activities led to reduced inventory levels. Besides this, cosmetic-grade stearic acid remained less affected as the season progressed, highlighting a differentiated impact across various sectors.
Stearic Acid Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Stearic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of stearic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of stearic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of stearic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing stearic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Stearic Acid Market Analysis
The global stearic acid market size reached 9 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 14.4 Million Tons, at a projected CAGR of 5.40% during 2023-2032.
- The widespread product utilization in a number of personal care products, including soaps, cosmetics, and various detergents due to its emulsifying and cleansing properties represents the key factor driving the market growth.
- Furthermore, the surging use of this compound in the production of rubber and rubber products, including tires, is providing an impetus to the market growth as demand for tires with longer service life and more wear resistance continues to grow.
- According to IMARC, the global tire market is projected to be valued at US$ 256.8 Billion by 2032, growing at a CAGR of 4.9%, which is further contributing to the market growth.
- In confluence with this, the rising product employment in the manufacturing of plastic products across the thriving plastics industry, particularly as a stability and slippage agent in the production of polyvinyl chloride (PVC) is creating a positive outlook for market expansion.
- Additionally, the flourishing expansion of the food industry, wherein this compound is utilized as an additive and emulsifier in confectionery and chocolate products as well as in the margarine industry is acting as another significant growth-inducing factor.
- Besides this, the market is also benefiting from increasing industrialization and urbanization across the world, spurring the demand for this acid in construction to manufacture adhesives, coatings, and paints.
- The burgeoning growth of the textile sector, where this compound is extensively utilized for its fabric-softening property, is presenting lucrative opportunities for market expansion.
- The escalating awareness about the biodegradable and non-toxic nature of this compound aligns with the global shift towards sustainability and efforts to curb carbon emissions, which is further bolstering the market growth.
- Moreover, recent breakthroughs in production technologies enabling the use of cost-effective manufacturing processes and enhancing product quality are propelling the market forward.
- Apart from this, the supportive regulatory environment encouraging the adoption of this compound in a plethora of industrial applications owing to its favorable environmental impact is fueling the market expansion.
Stearic Acid News
The report covers the latest developments, updates, and trends impacting the global stearic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in stearic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the stearic acid price trend.
Latest developments in the stearic acid industry:
- In 2021, BASF and PETRONAS Chemicals Group Berhad collaborated together to expand the annual production capacity of 2-Ethylhexanoic Acid (2-EHA) from 30,000 to 60,000 metric tons by 2024.
Product Description
Stearic acid, a saturated fatty acid, is a versatile compound with widespread applications across various industries. In its solid form, it appears as a white, waxy substance with a slight odor. The primary source of stearic acid is natural fats and oils, particularly animal fats like beef tallow and vegetable oils such as palm oil and coconut oil. Stearic acid is commonly produced through the saponification of these fats and oils, followed by fractional crystallization.
In the industrial sector, stearic acid finds extensive use as an intermediate in the manufacturing of various products. Besides this, it is also used as an emulsifier and surfactant in the production of cosmetics, personal care products, and pharmaceuticals. Due to its ability to stabilize emulsions and form creamy textures, stearic acid is widely incorporated into creams, lotions, and ointments, imparting smoothness and consistency to the final products. Moreover, in the cosmetics industry, it is particularly valued for its moisturizing properties and its ability to enhance the spreadability of formulations.
Furthermore, stearic acid serves as a crucial ingredient in the production of soaps and detergents. Its role as a surfactant enables it to reduce the surface tension of water, facilitating the dispersion and removal of dirt and grease from surfaces. Additionally, stearic acid contributes to the formation of lather in soaps, enhancing their cleansing efficacy and providing a luxurious feel to the user.
Regional Coverage
The report provides a detailed analysis of the stearic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the stearic acid price trend.
Global Stearic Acid Price
The report offers a holistic view of the global stearic acid pricing trends in the form of stearic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into stearic acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into stearic acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed stearic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Stearic Acid Price
The European stearic acid market in Q4 2023 was shaped by modest product demand from the winter tire sector amid decreasing industrial activity, leading to reduced inventory levels. Moreover, the automobile demand remained steady, with little change in sales across regions like the Netherlands. Additionally, marginal price increases occurred due to market competition and demand factors, while the cosmetic grade stayed subdued as the season progressed.
This analysis can be extended to include detailed stearic acid price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Stearic Acid Price
In Q4 2023, the stearic acid market in North America saw prices impacted by various factors. A downward trend emerged, driven by increased supply levels from cost-effective imports and escalating domestic production expenses. Demand fluctuations in sectors like automobiles, particularly for electric vehicles (EVs), alongside strong seasonal demand from the winter tyre industry, further impacted pricing dynamics. Additionally, the continuation of Mexico's nearshoring activities, with automotive producers establishing bases due to elevated input expenses, led to changing market sentiment.
Specific stearic acid historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Stearic Acid Price
The report explores the stearic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on stearic acid prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Stearic Acid Price
During Q42023, the stearic acid market in the Asia Pacific region was stable, supported by a steady supply from some nations in the region. In spite of lower rates of feedstock palm oil, a hike in product demand in the winter tire industry kept market stability intact. In South Korea, currency appreciation affected local pricing dynamics, although specific trends and seasonal effects were not detailed. Overall, modest pricing and steady supply characterized the region's market conditions.
This stearic acid price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Stearic Acid Price
The analysis of stearic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Stearic Acid |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Stearic Acid Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of stearic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting stearic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The stearic acid price charts ensure our clients remain at the forefront of the industry.
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- Speak to our experienced analysts for insights on the current market scenarios.
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- For further assistance, please connect with our analysts.
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