$9.7 billion in the global stearic acid industry 2027 – Impact of COVID-19 on the market – ResearchAndMarkets.com

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The “Stearic Acid – Global Market Path – Analysis” has been added to the ResearchAndMarkets.com offering.

The editor brings years of study delight to the sixth edition of this report. The 194-page report provides concise data on the effect of the pandemic on production and customer appearance by 2020 and 2021. A slow short-term recovery across key geographic spaces is also analyzed.

Global stearic acid market will succeed at $9.7 billion by 2027

Amid the COVID-19 crisis, the global stearic acid market estimated at US$7.7 billion in 2020 is expected to succeed on a revised extension of US$9.7 billion through 2027, with an annual compound rate of 3.4% during the 2020-2027 investigation period. .

Lubricants, one of the segments analyzed in the report, are expected to reach an annual compound rate of 2.8% and achieve US$733.2 million until the end of the investigation period. After an initial investigation into the advertising implications of the pandemic and its induced economic crisis, expansion in the non-public care segment conforms to a revised 4% CAGR for the next 7-year period.

The U.S. market Estimated at $2.1 billion, while China is expected to grow through 6.1% CAGR

The U.S. stearic acid market is estimated to reach $2.1 billion by 2020. China, the world’s largest economy at the moment, is expected to have a projected market site length of $2 billion through 2027, with an annual compound rate of 6.1%. From 2020 to 2027. Other notable geographic market locations are Japan and Canada, which forecast an expansion of 1% and 2.5% respectively during the period 2020-2027. In Europe, Germany is expected to grow by around 1.7% CAGR.

Fuel additives will record an annual compound rate of 3.6%

In the global fuel additives segment, the United States, Canada, Japan, China and Europe will lead the estimated compound rate of 3.1% for this segment. These regional market locations with a combined length of market locations of US$1.2 billion in 2020 will succeed in a projected duration of US$1.4 billion until the end of the investigation period. China will remain among the highest dynamics in this regional market venue organization. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to succeed at US$1.4 billion through 2027, while Latin America will grow at an annual compound rate of 4.5% during the period of investigation.

Known competitors in this market include:

3F Industries Ltd.

Acme chemicals

Acme-Hardesty Company

Emery Oleochemical Group

IOI Oleochemicals

Kuala Lumpur Kepong Berhad

New Japan Chemical Co., Ltd.

Nimir Industrial Chemicals Limited

P-G chemicals

Pacific Oleochemicals Sdn. Bhd.

Protea chemicals

Pt Sumi Asih oil industry

Pt. Cisadane Raya Chemicals

Taiko Group of Companies

The chemical society

VVF LLC

Key topics covered:

I. INTRODUCTION, METHODOLOGY AND SCOPE OF THE REPORT

II. SUMMARY

1. MARKET OVERVIEW

Global competitors’ market percentage

Percentage situation of the global competitors market (in%): 2019 and 2025

Covid-19 impact and a near recession

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND FACTORS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

COMPETITION IV.

Total profiles: 44

For more information on this report, https://www.researchandmarkets.com/r/3mt9dc

See the businesswire.com edition: https://www.businesswire.com/news/home/20200827005338/fr/

Contacts

ResearchAndMarkets.com Laura Wood, Senior Press Managerpress@researchandmarkets.com For E. S.T., 1-917-300-0470 For USA/ CAN, toll-free 1-800-526-8630

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