India stearic acid market was valued at around $ 216 million in 2018 and is projected to reach nearly $ 344 million by 2024, exhibiting a CAGR of 8.6%. Increasing awareness about benefits of personal care products among customers is resulting in higher usage of cosmetics and personal care products as they protect skin from harmful UV rays besides providing other benefits. Moreover, increasing disposable income and purchasing power of the population is further leading to high demand for cosmetics and personal care products, thereby fueling growth in stearic acid market as well. Moreover, favorable government policies is expected drive investment in industrial sector, thereby resulting in increasing demand for stearic acid from end use industries such as chemicals, lubricants, rubber processing and plastics.

The market for stearic acid has been segmented into type, end use, distribution channel and region. Among types, vegetable-based segment is anticipated to lead India stearic acid market. Based on application, the market is categorized into Soaps & Detergents, Personal Care, Textiles, Lubricants, Rubber Processing and Others (Intermediates, Plastics, etc.). Soaps & detergent segment holds the maximum share in India stearic acid market on the back of growing preference for naturally produced stearic acid as a raw material in soaps and detergents production owing to their competitive prices and no harmful and allergic effects on humans. Soaps & detergent segment led India steric acid market with market share of approximately 29% in 2018.

Based on distribution channel the market is bifurcated in direct sales and distributors sales. In 2018, distributors sales held the maximum share in India stearic acid market. However, direct sales of stearic acid are expected to increase during the forecast period, backed by stearic acid manufacturers’ focus on maintaining and retaining more satisfied clients in long run.

Regionally, the market has been segmented as West, South, North and East. West region is the largest consumer of stearic acid in India and is anticipated to grow at a CAGR of 8.1% during forecast period owing to increasing investment in major downstream sector such as chemicals, automotive, textiles, pharma & biotechnology, etc.

Some of the leading players in India stearic acid market are VVF (India) Limited, Godrej Industries Limited, 3F India Limited, Jocil Limited, Sheel Chand Agroils Private Limited, Fine Organics Industries Pvt. Ltd., TGV SRAAC Limited, Adani Wilmar Limited, Pioneer Agro Extracts Ltd., Ritesh International Limited, among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast India stearic acid market size.
  • To forecast India stearic acid market based on type, end use, distribution and region.
  • To identify drivers, challenges and trends India stearic acid market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India stearic acid market.
  • To conduct pricing analysis for India stearic acid market.
  • To identify and analyze the profile of leading players involved in the manufacturing of stearic acid.


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Some of the leading players in India stearic acid market are VVF (India) Limited, Godrej Industries Limited, 3F India Limited, Jocil Limited, Sheel Chand Agroils Private Limited, Fine Organics Industries Pvt. Ltd., TGV SRAAC Limited, Adani Wilmar Limited, Pioneer Agro Extracts Ltd., Ritesh International Limited, among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in India stearic acid market.

TechSci Research calculated India stearic acid market size using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Stearic acid manufacturers, exporters, importers and suppliers
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India stearic acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • Animal based
    • Vegetable based
  • Market, By End Use:
    • Soaps & Detergents
    • Personal Care
    • Textiles
    • Lubricants
    • Rubber Processing
    • Others
  • Market, By Region:
    • West
    • South
    • North
    • East
  • Market, By Distribution Channel:
    • Direct
    • Distributors

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India stearic acid market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Stearic Acid: An Introduction & Component Classification

2.       Research Methodology

3.       Analyst View

4.       India Stearic Acid Market Outlook

4.1.    Market Size & Forecast

4.1.1. By Value & Volume

4.2.    Market Share & Forecast

4.2.1. By Type (Animal based Vs. Vegetable based)

4.2.2. By End Use (Soaps & Detergents, Personal Care, Textiles, Lubricants, Rubber Processing and Others)

4.2.3. By Distribution Channel (Direct v/s Distributors)

4.2.4. By Region (North India, South India, West India and East India)

4.2.5. By Company

4.3.    Market Attractiveness Index (By Type; By Distribution Channel; and By Region)

5.       West India Stearic Acid Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value & Volume

5.2.    Market Share & Forecast

5.2.1. By Type

5.2.2. By End Use

5.2.3. By Distribution Channel

6.       South India Stearic Acid Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value & Volume

6.2.    Market Share & Forecast

6.2.1. By Type

6.2.2. By End Use

6.2.3. By Distribution Channel

7.       North India Stearic Acid Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value & Volume

7.2.    Market Share & Forecast

7.2.1. By Type

7.2.2. By End Use

7.2.3. By Distribution Channel

8.       East India Stearic Acid Market Outlook

8.1.    Market Size & Forecast

8.1.1. By Value & Volume

8.2.    Market Share & Forecast

8.2.1. By Type

8.2.2. By End Use

8.2.3. By Distribution Channel

9.       Supply Demand Scenario

9.1.    Total Domestic Demand

9.2.    Total Domestic Supply

9.3.    Import & Export Analysis

10.   Key Export Markets

10.1.   List of Up To 5 Export Markets

10.1.1.    Total Demand in Up To 5 Export Markets

11.   Supply Chain Analysis

12.   Market Dynamics

12.1.   Drivers

12.2.   Challenges

13.   Market Trends & Developments

14.   Policy & Regulatory Landscape

15.   India Economic Profile

16.   Competitive Landscape

16.1.   Competition Outlook

16.2.   Company Profiles

16.2.1.    VVF (India) Limited

16.2.2.    Adani Wilmar Limited

16.2.3.    Godrej Industries Limited

16.2.4.    Jocil Limited

16.2.5.    3F India Limited

16.2.6.    TGV SRAAC Limited

16.2.7.    Sheel Chand Agroils Private Limited

16.2.8.    Fine Organics Industries Private Limited

16.2.9.    Ritesh International Limited

16.2.10.   Pioneer Agro Extracts Ltd.

17.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures


    Figure 1: India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014–2024F

    Figure 2: Growth of Index of Industrial Production, By Sector, 2013-2019 (% Calculated w.r.t. Previous Year; [Base: 2011-12=100])

    Figure 3: Growth of Index of Industrial Production, By Group, 2013-2019 (% Calculated w.r.t. Previous Year; [Base: 2011-12=100])

    Figure 4: Sector-wise Total Market Capitalization (USD Million, May 2019)

    Figure 5: India Synthetic Fiber Production, By Volume, 2015-2018 (‘000 Tons)

    Figure 6: India Organic Chemicals Production, By Volume, 2015-2018 (‘000 Tons)

    Figure 7: India Manufacturing Sector Contribution to GDP, 2012-2017 (%)

    Figure 8: India GDP & GVA Growth Rate, 2016-2018 (%)

    Figure 9: India Infrastructure Industry Investments, 2012-2017 (USD Billion)

    Figure 10: India Stearic Acid Market Share, By Type, By Value, 2014–2024F

    Figure 11: Area, Production & Productivity of Oilseed in India, 2015-2018

    Figure 12: Area, Production & Productivity of Coconut in India, 2014-2017

    Figure 13: India Import of Vegetable Oil, 2014-2018 (‘000 Tons)

    Figure 14: India Average Price Variation for RBD Palmolein and Crude Palm Oil, Oct-2017-Oct-2018 (USD/Ton)

    Figure 15: India Stearic Acid Market Share, By End Use, By Value, 2014–2024F

    Figure 16: India GVA Contribution (at Current Prices), By Sector, 2012-2018 (%)

    Figure 17: India Sector-wise Volume Share of Industrial Lubricants, 2019

    Figure 18: India Production of Consumer Goods, 2016-2018 (‘000 Tons)

    Figure 19: India Pharmaceutical Market Size, By Value, 2020F-2024F (USD Billion)

    Figure 20: India Surfactants Market Size, By Value, 2020F-2024F (USD Billion)

    Figure 21: India Polymers Production, By Volume, 2015-2018 (‘000 Tons)

    Figure 22: India Performance Plastics Production, By Volume, 2015-2018 (‘000 Tons)

    Figure 23: India Stearic Acid Market Share, By Distribution Channel, By Value, 2014–2024F

    Figure 24: India Retail Market Share, By Organized Vs Unorganized, By Value, 2018 & 2024F (%)

    Figure 25: India Stearic Acid Market Share, By Region, By Value, 2018 & 2024F

    Figure 26: India Stearic Acid Market Share, By Company, By Value, 2018

    Figure 27: India Stearic Acid Market Attractiveness Index, By Type, By Value, 2019E-2024F

    Figure 28: India Stearic Acid Market Attractiveness Index, By Distribution Channel, By Value, 2019E-2024F

    Figure 29: India Stearic Acid Market Attractiveness Index, By Region, By Value, 2019E-2024F

    Figure 30: West India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014–2024F

    Figure 31: West India Stearic Acid Market Share, By Type, By Value, 2014–2024F

    Figure 32: Gujarat Growth in GSDP, By Sector at 2012 Prices, 2015-2017

    Figure 33: West India Stearic Acid Market Share, By End Use, By Value, 2014–2024F

    Figure 34: West India Stearic Acid Market Share, By Distribution Channel, By Value, 2014-2024F

    Figure 35: West India Plastic Consumption Share, By Volume, 2018 

    Figure 36: South India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014-2024F

    Figure 37: Tamil Nadu Total FDI Inflows Data, 2012-2018 (USD Million)

    Figure 38: South India Natural Rubber Production Share, By Volume, 2017

    Figure 39: South India Stearic Acid Market Share, By Type, By Value, 2014–2024F

    Figure 40: South India Fresh Fruit Bunches Share, By Volume, 2017

    Figure 41: South India Crude Palm Oil Share, By Volume, 2017

    Figure 42: South India Stearic Acid Market Share, By End Use, By Value, 2014-2024F

    Figure 43: South India Stearic Acid Market Share, By Distribution Channel, By Value, 2014-2024F

    Figure 44: North India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014–2024F

    Figure 45: North India Stearic Acid Market Share, By Type, By Value, 2014–2024F

    Figure 46: North India Share In India’s Geographical Area, By Volume, 2011

    Figure 47: North India Share In India’s Population, 2011

    Figure 48: North India Stearic Acid Market Share, By End Use, By Value, 2014–2024F

    Figure 49: North India Stearic Acid Market Share, By Distribution Channel, By Value, 2014–2024F

    Figure 50: North India Plastic Consumption Share, By Volume, By State, 2018 

    Figure 51: East India Stearic Acid Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014–2024F

    Figure 52: Assam Total FDI Inflows Data, 2012-2018 (USD Million)

    Figure 53: East India Natural Rubber Production Share, By Volume, 2017

    Figure 54: East India Stearic Acid Market Share, By Type, By Value, 2014–2024F

    Figure 55: West Bengal Growth in GSDP, By Sector at 2012 Prices, 2016-2018

    Figure 56: East India Stearic Acid Market Share, By End Use, By Value, 2014–2024F

    Figure 57: East India Stearic Acid Market Share, By Distribution Channel, By Value, 2014-2024F

    Figure 58: India Stearic Acid Total Domestic Demand, By Volume (‘000 Tons), 2014–2024F

    Figure 59: India Stearic Acid Total Domestic Supply, By Volume (‘000 Tons), 2014–2019E

    Figure 60: India Stearic Acid Imports, By HS Code, By Value, 2014-2019E (USD Million)

    Figure 61: India Stearic Acid Imports, By HS Code, By Volume, 2014-2019E ('000 Tons)

    Figure 62: India Stearic Acid Exports, By HS Code, By Value, 2014-2019E (USD Million)

    Figure 63: India Stearic Acid Exports, By HS Code, By Volume, 2014-2019E (‘000 Tons)

    Figure 64: India Total Export & Import of Chemicals and Chemical Products, By Value, 2014-2018 (‘000 Tons)

    Figure 65: India Shares in Imports of Chemicals, By Value, 2018

    Figure 66: India Shares in Exports of Chemicals, By Value, 2018

    Figure 67: India’s Import of Palm Oils, 2014-2019 (‘000 Tons)

    Figure 68: India Total Export Demand Share of Stearic Acid, By Country, By Volume (0.03 Thousand Tons), 2019

    Figure 69: India Total Export Demand Share of Stearic Acid, By Country, By Value (USD0.17 Million), 2019

     

     

    List of Tables

     

    Table 1: India Core Industry Growth Rate at Constant Prices, 2016-2018 (%)

    Table 2: India Annual Percentage Change in Macroeconomic Indicators (2015-2018E)

    Table 3: Country Specific Tariff on Stearic Acid

    Table 4: India State-wise GSDP, As of 2017 (USD Billion)

    Table 5: Revenue of Major Companies, By Value, 2018 (USD Million)

    Table 6: Western Region Upcoming Smart Cities

    Table 7: Real Estate Investment in Maharashtra and Gujarat, As of December 2018 (USD Billion)

    Table 8: West India FDI Equity Inflows Data, 2018

    Table 9: South India Natural Rubber Production Size, By Volume, 2017 (Tons)

    Table 10: South India FDI Equity Inflows Data, 2018

    Table 11: North India FDI Equity Inflows Data, 2018

    Table 12: East India Natural Rubber Production Size, By Volume, 2017 (Tons)

    Table 13: East India FDI Equity Inflows Data, 2018

    Table 14: Import Duty-Bound Duty, Standard Duty and Current Applied Duty

    Table 15: India Stearic Acid Raw Material Wholesale Price Index, 2011-2016 (Base Year: 2005 = 100)