Product Code: ETC083627 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Stearic Acid market currently, in 2023, has witnessed an HHI of 8847, Which has increased moderately as compared to the HHI of 6979 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Indonesia stearic acid market is expected to reach USD 510 million by upcoming Years, at a CAGR of 5.6% during the forecast period 2025-2031. It was estimated that in 2025, the market size of this segment was valued at approximately USD 360 million and is projected to grow with an increasing demand from various industries such as pharmaceuticals, cosmetics, plastics and rubber. This growth is mainly attributed to the rising consumption of palm oil derivatives for soap production in Indonesia and other Southeast Asian countries. The increasing use of stearic acid in detergents has also supported its growth over the years. Additionally, growing demand for personal care products due to lifestyle changes will support the market`s development further bolstering its position as a major consumer goods industry within Indonesia`s economy.
Increasing Use Of Palm Oil Derivatives For Soap Production In Indonesian And Other ASEAN Countries: With high production rate of palm oil derived products like stearic acid and fatty acids, they are being used more widely across different sectors including food packaging material manufacturing industry which has driven up their demand significantly leading to higher revenue collection for manufacturers based out in Indonesia and other ASEAN countries too who export it worldwide on regular basis; hence propelling stearic acid market?s growth positively over time.
Lack Of Skilled Labor Force And Limited Availability Of Raw Materials Has Been Hindering Growth Prospects To Some Extent : Although production capabilities have been increased through automation techniques yet lack of skilled labor force hinders smooth process flow resulting into lower output levels along with dissatisfied costumers or end users leading into negative impacts on company?s profitability & financial stability while limited availability raw materials like animal fats does not allow complete utilization capacity establishments thereby limiting scope expansion plans related business activities; thus posing challenges ahead before stakeholders during current times hampered by global pandemic situation post covid-19 breakout .
Growing Demand From Cosmetics Industry To Open Up New Opportunities For Players Active In Market : As trend towards usage natural ingredients continues make rapid progress throughout world wherein many consumers prefer organic substances especially when comes facial treatments creams etc providing great opportunity existing players capture larger portion share sales pie countrywide besides allowing entry level entrants tap potential offered sector same accord boosting annual revenues consequently helping overall economy move forward .
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Stearic Acid Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Stearic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Stearic Acid Market - Industry Life Cycle |
3.4 Indonesia Stearic Acid Market - Porter's Five Forces |
3.5 Indonesia Stearic Acid Market Revenues & Volume Share, By Feedstock, 2021 & 2031F |
3.6 Indonesia Stearic Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Indonesia Stearic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Stearic Acid Market Trends |
6 Indonesia Stearic Acid Market, By Types |
6.1 Indonesia Stearic Acid Market, By Feedstock |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Stearic Acid Market Revenues & Volume, By Feedstock, 2018 - 2031F |
6.1.3 Indonesia Stearic Acid Market Revenues & Volume, By Animal-based Raw Materials, 2018 - 2031F |
6.1.4 Indonesia Stearic Acid Market Revenues & Volume, By Vegetable-based Raw Materials, 2018 - 2031F |
6.2 Indonesia Stearic Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Stearic Acid Market Revenues & Volume, By Soaps and Detergents, 2018 - 2031F |
6.2.3 Indonesia Stearic Acid Market Revenues & Volume, By Textiles, 2018 - 2031F |
6.2.4 Indonesia Stearic Acid Market Revenues & Volume, By Lubricants, 2018 - 2031F |
6.2.5 Indonesia Stearic Acid Market Revenues & Volume, By Personal Care, 2018 - 2031F |
6.2.6 Indonesia Stearic Acid Market Revenues & Volume, By Rubber Processing, 2018 - 2031F |
6.2.7 Indonesia Stearic Acid Market Revenues & Volume, By Other Applications, 2018 - 2031F |
7 Indonesia Stearic Acid Market Import-Export Trade Statistics |
7.1 Indonesia Stearic Acid Market Export to Major Countries |
7.2 Indonesia Stearic Acid Market Imports from Major Countries |
8 Indonesia Stearic Acid Market Key Performance Indicators |
9 Indonesia Stearic Acid Market - Opportunity Assessment |
9.1 Indonesia Stearic Acid Market Opportunity Assessment, By Feedstock, 2021 & 2031F |
9.2 Indonesia Stearic Acid Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Indonesia Stearic Acid Market - Competitive Landscape |
10.1 Indonesia Stearic Acid Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Stearic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |