Global Stearic Acid Market to Exceed USD 71.3 Billion by 2034, Driven by Rising Demand for Sustainable and Multifunctional Applications | Future Market Insights, Inc. [Yahoo! Finance]
Unilever PLC (UL)
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Source: Yahoo! Finance
Regional players, such as Ritesh International and Rugao Shuangma, excel in catering to local consumer preferences, leveraging market proximity and adaptability, while global brands maintain a competitive edge through innovation and expansive product portfolios. NEWARK, Del, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The global stearic acid market achieved a sales milestone of approximately USD 40.5 billion by the end of 2024. Projections indicate a robust compound annual growth rate (CAGR) of 7.6%, with market valuation expected to surpass USD 71.3 billion by 2034. Stearic acid, a saturated fatty acid characterized by its waxy, yellow-white solid form, is commonly found in animal and vegetable fats and oils. Widely utilized in various industries, stearic acid's applications include: Cosmetics and toiletries, where it acts as an emulsifier and emollient. Soap and shampoo formulations, due to its surfactant and cleansing properties. Lubricants and food-grade emitters. Manufacturing de
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UL
Sec Filings
- 12/9/24 - Form 6-K
- 12/2/24 - Form 6-K
- 11/22/24 - Form 6-K
- UL's page on the SEC website