Isostearic Acid Industry - Regional Synopsis
European Market Forecast
Isostearic Acid market in Europe is predicted to account for the largest share of 35% by 2037 impelled by the growing focus on sustainability. The EU has been one of the leaders and the most active supporters of the 2030 Agenda for Sustainable Development and has instituted laws and programs such as the European Green Deal to achieve carbon neutrality for the EU by 2050. These factors are expected to drive the demand for isostearic acid in several end-use industries in the region since it is produced using sustainable resources and is a plant-based specialty chemical that makes it possible to create products that are equally efficient and sustainable.
By 2050, the EU intends to have achieved net-zero greenhouse gas emissions and also establishes an intermediate goal of around 54% decrease from 1990 levels by 2030.
APAC Market Statistics
The Asia Pacific Isostearic Acid market is estimated to be the second largest, during the forecast timeframe led by the rising personal disposable income. India's rising middle class and rising disposable incomes are supporting the growth of the personal care and cosmetics segments and have additionally raised consumer demand for high-end cosmetics and personal care items.
According to a survey, in urban India, over 23% of the more than 1,000 respondents reported a net rise in their disposable income.
