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Global Isostearic Acid Market to Surpass USD 978 Million By 2031| Growth Market Reports
Oleon NV, a subsidiary of Avril and a leading European firm in plant chemistry production announced that its isostearic acid unit at Oleon Ertvelde is doubling the production capacity of isostearic acid and dimer. The company is expecting to achieve the said expansion by 2024 to support its growth and gain a significant share of the market in the competitive markets.
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the global isostearic acid market is classified as North America , Europe , Asia Pacific , Latin America , and the Middle East & Africa . Asia Pacific is projected to hold a key share of the global market during the forecast period.
The market growth in is attributed to the increasing demand for different cosmetic products which have isostearic acid as one of the key ingredients. The major economies of the region such as India and China are expected to have the biggest consumer demand for cosmetics and other skincare products in the years ahead owing to growing spending on personal care.
is expected to hold a considerable share of the market during the forecast period. The growth of the market in the region is owing to supportive government policies for cosmetics manufacturing industry expansion.
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