Global Stearamide Market Study 2016-2032

Stearamide, a waxy compound derived from stearic acid, plays a crucial role in various industries. With its unique properties, such as lubrication, anti-blocking, and gelling, stearamide finds application in plastics, textiles, cosmetics, and more. It acts as an effective internal and external lubricant in plastic processing, preventing adhesion between polymers and surfaces. In cosmetics, it contributes to the stability of formulations and enhances the texture of creams and lotions. Additionally, stearamide s anti-blocking characteristics make it valuable in the production of films and coatings. This versatile compound showcases how chemistry innovations impact diverse sectors, addressing challenges and enhancing product performance. The production capacity for stearamide is predominantly located in China and the ASEAN region, facilitated by easy access to the necessary raw materials. The primary raw material, stearic acid (a type of fatty acid), is also concentrated in China and the ASEAN countries due to abundant palm oil resources. Fatty acids, essential oleo-chemicals, are derived from the hydrolysis of triglyceride molecules in fats and oils. These fatty acids can be generated by either subjecting oils or fats to high temperature and pressure conditions with water, or by utilizing enzymatic reactions.

The global Stearamide stood at USD 300 million in 2016 and it has grown at annual average growth rate of 4% to reach USD 690 million in 2022 mainly supported by the strong demand of Stearamide from plastic and rubber processing applications. The global stearamide market declined by 3% due to the drastic impact of COVID-19 on each of the major sector directly or relatively associated with Stearamide. The global Stearamide market is projected to grow at a CAGR of 6% to cross USD 1 billion by 2032.

Nouryon, PMC Biogenix Inc, S.O.G.I.S. Industria Chimica Spa, Guangzhou Cardlo Biochemical technology Co., Ltd, Qingdao Sainuo, Henan Sinowin Chemical Industry Co., Ltd., Taiko Palm-Oleo (Zhangjiagang) Co., Ltd. (KLK Oleo), Guangzhou Jiadele Biochemical Technology Co., Ltd., Sichuan Tianyu Oleochemicals Co, Ltd, Changzhou Kesai Success Plastics Materials Co., Ltd, Qingdao Shengtongyue Chemical Technology., Co., Ltd, Dayang Chem (Hangzhou) Co.,Ltd., Wuhan Han Sheng New Material Technology Co., Ltd, Hebei Guanlang Biotechnology Co., Ltd. , MLA Group Of Industries, Palm-Oleo Sdn. Bhd (KLK Oleo), Kao Oleochemical (Malaysia) Sdn. Bhd and Permata Hijau Group (PHG) are some of the major Stearamide manufacturer in the world. The global Stearamide production facility is largely located in Asia Pacific, accounting for around 85% of the global production capacity. 

In terms of Stearamide demand by region, Asia Pacific region dominates the global Stearamide market accounting for a whooping share of more than 50%. The Asia Pacific region is forecast to grow at a CAGR of 5% to reach USD 600 million by 2032. The strong growth can be attributed to the increase in consumption of Stearamide in polymer industry. Increase in consumer spending on durable and non-durable products, investment in natural based lubricants is further expected to drive the regional Stearamide market. Europe is a second biggest Stearamide producer and consumer of accounting for around 25% of the global Stearamide market, followed by North America at 16%. North America Stearamide demand is projected to grow at a CAGR of 5.5% to surpass USD 200 million by 2032 from the current market size of US 120 million.