The present research report by TMR offers 360-degree analysis of key factors influencing the growth of the global stearate market for the period of 2019­–2029

San Francisco, CA -- (SBWire) -- 04/30/2020 --The stearate market shows moderate competitive landscape owing to presence of many regional and international players in it. Stearate finds application in many sectors such as cosmetic, personal care products, and toiletries manufacturing. Numerous vendors in the global stearate market are pouring investments in the research activities. The main motive of this move is to offer advanced products to the end-use sectors. The present research report by TMR offers 360-degree analysis of key factors influencing the growth of the global stearate market for the period of 2019­–2029

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Increased Cosmetics Use Pushing Growth of Stearate Market

Owing to growing worldwide population, there is increase in demand for personal care products and cosmetics. Stearate is one of the key components used in the manufacturing of these products owing to a wide range of qualities it owns. It has high melting point and it is insoluble in water. Thus, it is suitable for manufacturing of cosmetics and personal care products. As a result, growing demand for personal care products and cosmetics is expected to spur the growth of the global stearate market in upcoming years.

The global stearate market is gaining traction owing to a plethora of reasons. Growing use of stearate in moisturizers is projected to push the market demand. Owing to its emulsifying properties, stearate helps products stay blended. Besides, use of moisturizers containing stearate in them helps in reducing signs and symptoms of a range of skin health issues such as lichenification and atopic dermatitis.

Stearate is one of the popular chemical compounds in industrial applications owing to its less toxic nature. Use of products containing stearate generally doesn't show any major side effects such as skin irritation, hypersensitivity, or eye irritation. This quality of stearate encourages vendors to use it in cosmetics and moisturizers manufacturing. Thus, all these factors signify the promising growth avenues in the global stearate market.

However, some factors signify the sluggish growth of the global stearate market in the upcoming period. One of the important reasons negatively impacting the market growth is recent COVID19 epidemic. The spread of this life-threatening disease on worldwide level is responsible for decreased demand for cosmetics in recent period. Moreover, owing to present border closures, the global stearate market might witness challenges related to supply chain.

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North America to Continue its Prominence in Market

The global stearate market is spread across numerous geographical regions such as Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America is projected to be one of the prominent regions for the stearate market. Key reason supporting this projection is growing demand for detergents and cosmetics from this region. Besides, the improved disposable income allows a wide range of population from this region to increase their spending on the purchase of cosmetics. These factors are propelling the stearate market in North America. Growing use of glycol stearate as a surfactant in detergents is estimated to stimulate demand in the region. Besides, owing to growing use of stearate as emollients, emulsifiers, and surfactants, the demand for stearate is projected to increase in European countries.

Many vendors are using diverse strategies to maintain their strong position in the global stearate market. Key vendors are projected to actively engage in tactics of mergers, acquisitions, partnerships, and new product launches. All these moves are projected to help in pushing the market growth. Some of the key vendors in the global stearate market are Thurs Organics, Solvay, VWR, Jeevika Yugchem, Unichem LLC, Zeal chemicals, and Alpha chemicals.

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