The global isostearic acid market was valued at $290.7 million in 2014, and it is expected to grow with a CAGR of 7.3% during the period 2015 - 2020. The factors driving the growth of the global isostearic acid market include growing cosmetics products market, and increasing lubricants and greases industry. Based on end-user, the chemical esters segment accounted for largest share in the global isostearic acid market during 2014; however, the lubricants and greases segment is expected to witness fastest growth with a CAGR of 8.4% during the period 2015 – 2020, in terms of revenue.

Request sample report here : https://www.psmarketresearch.com/market-analysis/isostearic-acid-market/report-sample

Geographically, the European isostearic acid market accounted for the largest share in the global isostearic acid market during 2014. The isostearic acid market in Europe is growing mainly due to increasing demand from personal care and cosmetic industries.

The growing per capita consumption and increasing export of cosmetic products is fueling the demand for isostearic acid in the region. However, in terms of future growth, the Asia-Pacific isostearic acid market is poised to upsurge at a fast pace (CAGR 8.9%), which is led by increasing exports of cosmetic and personal care products from China, Japan, and South Korea.

The growing demand of cosmetic product is driving the growth of the global isostearic acid market. Isostearic acid is used in the manufacture of personal care products, including cosmetics such as lipsticks, lip gloss, and sunscreen creams; and toiletries products such as liquid soaps. The market for beauty products is driven by increasing aging population, and growing disposable income.

Read summary of report here : https://www.psmarketresearch.com/market-analysis/isostearic-acid-market

A shift in consumer preference towards bio-ingredient-based products from petrochemical derivatives is expected to create strong growth opportunities for the global isostearic acid market. Volatility in the prices of petrochemical derivatives, in conjunction with increasing health concerns due to the presence of volatile organic compounds and toxicity, are the key factors restraining growth of petrochemical derivatives, and hence providing strong growth opportunities for the global isostearic acid market. However, isostearic acid is highly priced, which limits its usage in the end-user industries.