Asia Pacific Stearic Acid Market: By Application (Personal Care Industry, Food Industry, Pharmaceutical & Biomedical Science Industry and Industrial Uses), By End User (Personal Care, Food and Beverages, Healthcare, Textile, Automotive, Agriculture, and Others.), and Country  

Asia Pacific Stearic Acid Market size was valued at USD x billion in 2022 and is poised to grow at a CAGR of x% from 2023-2029. Stearic acid is a waxy, saturated fatty acid that can be found in animal fats and vegetable oils. The palm kernel and coconut oil offer the greatest potential for product extraction. Hydrogenation of vegetable oils or animal fats with water at high temperatures and pressures is part of the manufacturing process. Based on application, the Asia Pacific stearic acid market is segmented into personal care industry, food industry, pharmaceutical industry and others. Personal care segment is expected to dominate the market owing to rising organic personal care products demand on account to increasing consumer awareness. Soaps and detergents emerged as one of the most significant application and accounted for approximately X% of the Asia Pacific volume in 2015. Asia Pacific stearic acid market is consolidating as large players complementing each other's businesses by means of collaborations and acquisitions. For instance, on June 9, 2016, Kao Chemicals Europe, S.L. concluded an asset acquisition agreement of Chimigraf Holding, S.L.