Stearic acid is a wax-like dense and saturated oily acid that occurs in animal fats, milk of many mammals and coconut oils. It is primarily used to make shaving soaps and products, aesthetics and detergents. Africa, Asia Pacific and Latin America are estimated to come out as the most speedily developing markets for stearic acid.
Constant and fast advancements in construction, automotives, detergents and cleaners in the above mentioned regions are expected to drive demand for the stearic acid market. The need for this acid has undergone continuous expansion in the last few years and is predicted to continue similarly in the future.
Increasing requirement from the industries of coatings and paints and oil and gas is also predicted to propel the stearic acid market ahead.