Isostearic Acid Market Size, Share & Trends Analysis Report By Applications (Personal Care, Chemicals Esters, Lubricant & Greases), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the isostearic acid market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for isostearic acid market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of isostearic acid market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Isostearic Acid Market Categorization:

The isostearic acid market was categorized into two segments, namely application (Personal Care, Chemicals Esters, Lubricants & Greases), region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The isostearic acid market was segmented into applications and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The isostearic acid market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Italy; China; India; Japan; South Korea; Singapore; Brazil; Argentina; Saudi Arabia; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Isostearic acid market companies & financials:

The isostearic acid market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Croda International PLC is a British specialty chemicals company involved in the development and distribution of high-performance, sustainable, and innovative technologies and ingredients. It was established in 1925, in Snaith, United Kingdom. It is a global company with manufacturing facilities and offices in over 35 countries. The company's operations are divided across four business segments namely, industrial chemicals, performance technologies, life sciences, and personal care. The company focuses on the development of bio-based and sustainable alternatives, carbon emissions reduction, and responsible sourcing. It works with industry partners, suppliers, and customers to drive long-term innovation. Croda's product portfolio includes isostearic ingredients for personal care applications such as toiletries, color cosmetics, haircare, and skincare; crop care, nutraceutical, and pharmaceutical applications; additives and chemicals for energy, polymers, coatings, plastics, and lubricant applications. It’s a publicly held company. The product of the company offers flexibility, low color, longer lifetime, good color stability, and cost-savings, and allows for high loading of fillers/pigments

• KOKYU ALCOHOL KOGYO CO., LTD. is a global manufacturer of high-quality cosmetic ingredients and raw materials. The company was established in 1952 and has its headquarters in Chiba, Japan. It is engaged in the export/import, sale, and manufacture of isostearic acids, higher alcohols, esters, and other oleochemical products. The company also conducts research & development activities for custom product requirements. KOKYU ALCOHOL undertakes contracted joint research activities through the provision of unique refinement technologies. The company's extensive investment in research and development of isostearic acids made from palm oil, functional esters, and plant-based higher alcohols has enabled it to maintain a steady supply of high-quality, safe products for multiple applications, in the cosmetics industry. It is a privately held company.

• Oleon NV is a privately held company, and provider of oleochemicals, that are chemicals derived from fats and natural oils. Oleon NV is a part of the Avril Group, a company operating in the protein and vegetable oil industry. The company specializes in the manufacture and marketing of a wide range of oleochemical products such as surfactants, fatty alcohols, esters, glycerin, fatty acids, and other derivatives. Oleochemicals are used in a variety of industries including lubricants, food and beverages, pharmaceuticals, cosmetics, personal care, and others. The production processes of the company are based on the transformation of renewable raw materials, specifically animal fats, and vegetable oils.

• Nissan Chemical Corporation, was established in 1887 and has experience of too many years to back its operations, strategies, and overall business. It is a leading Japanese chemical company. The company functions in numerous industries including electronics, pharmaceuticals, agriculture, chemicals, polymers, performance materials, and inorganic materials. The existence of Nissan Chemical Corporation in the manufacturing and supply of isostearic acid considerably improves the availability of superior quality raw materials for industries that heavily depend on its multifaceted applications. It focuses on developing, producing, and selling innovative products by leveraging its core technologies in fine chemical synthesis, polymerization, and material design. The company's mission is to contribute to the sustainability of society by providing solutions to environmental and energy problems, enhancing safety and healthcare, and improving food production and supply.

• Emery Oleochemicals, the company established in 2005, in Ohio, the United States, global oleochemical producer. The company specializes in researching, developing, producing, and distributing environmentally friendly, high-performance, and sustainable oleochemical products. It operates across several business segments including personal & home care, agro-green, eco-friendly polyols, green polymer additives, and industrial solutions. It is a privately held company. It has adopted backward integration to ensure an uninterrupted supply of raw materials for developing isostearic acids and streamline its complete supply chain related to these acids.

• Jarchem Innovative Ingredients LLC, the company established in 2001, in New Jersey, U.S., is a chemical products provider specializing in the development and manufacture of innovative ingredients for the specialty chemical, pharmaceutical, and personal care industries. The company offers a wide range of products including natural oils, surfactants, alcohols, glycols, fatty acids, and specialty isostearic acid esters. These isostearic ingredients are used across various industrial applications such as industrial formulations, pharmaceuticals, cosmetics, hair care, and skincare. It is a privately held company that has been attempting to attain significant growth through strong strategic initiatives. It is known as a key player in the South African isostearic Acid Market.

• KLK EMMERICH GmbH, established back in 1911, has the experience of more than a century of the time. This enables the company to deliver better products developed with the help of expertise gathered from unparalleled experience. It is a subsidiary of Kuala Lumpur Kepong Berhad (KLK), a globally operating conglomerate based in Malaysia. With diverse operations in plantations, manufacturing, and real estate activities worldwide, KLK has established itself as a leading player in various industries. KLK Emmerich GmbH, located in Emmerich am Rhein and Düsseldorf, Germany, has been a part of the KLK group since 2010. With around 450 dedicated employees, the company is committed to delivering excellence in its operations. Its focus areas include the production and distribution of high-quality chemicals, as well as providing related services to cater to the needs of the customers. The company invests in activities to achieve quality, innovation, and customer satisfaction, aiming to be a reliable partner in the chemical industry

• Santa Cruz Biotechnology, Inc. is a global company specializing in the development and manufacturing of products for the biomedical research market. The company's primary focus lies in the continuous research and development of biochemicals, monoclonal antibodies, labware, and Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) products. Santa Cruz Biotechnology offers a wide range of products for research purposes including antibodies, proteins, peptides, inhibitors, biochemicals, lab supplies, and animal health products. It serves in various fields of study including molecular biology, cell biology, immunology, and more. The company was formed in 1991, in Texas, the United States. It is a privately held company.

• Vantage Specialty Chemicals is a vertically integrated provider, headquartered in Chicago, Illinois. The company has customers in 89 different countries across the globe. The company leverages its know-how in bio-based surfactant chemistry to involve in collaborative and innovative partnerships with customers. Vantage Specialty Chemicals provides solutions to four customer-oriented markets including food, personal care, life science, and industrial specialists. The company has always intended to engage with customers, mark substantial investments in manufacturing assets, strategically go into new geographic markets, and acquire businesses that complement its diverse portfolio.

• Foreverest Resources Ltd was established in 1988 in Fujian, China. The company is a supplier of natural resins, essential oils, and aromatic chemicals. The company is based in China and has over 30 years of experience in the industry. Its product range includes over 133 biobased chemicals. With a solid commitment to quality and sustainability, Foreverest Resources Ltd.'s extensive range of products and expertise in the field make it a trusted partner for customers seeking reliable and innovative solutions. It is privately held company. 

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Isostearic Acid Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Isostearic Acid Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.