In the first quarter of 2023, sodium stearate prices in Asia were adversely affected by a declining palm oil market, aggravated by Indonesia’s reduction in palm oil export taxes. The second quarter witnessed a brief demand increase during the festival season, but domestic consumption declined while production exceeded demand, negatively impacting sodium stearate prices.
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In Europe, weak consumer interest and high supply rates in the first quarter created a supply-demand gap, reducing prices. Traders had to reduce profit margins in the second quarter due to falling prices, increased imports, and challenging weather conditions, further driving down sodium stearate prices.
In North America, volatile downstream industries and uncertain Indonesian imports affected prices negatively in the first quarter, while an export ban on palm oil in the second quarter led to a rise in sodium stearate prices due to feedstock material shortages, prompting traders to stock up.
Sodium stearate is a sodium salt of stearic acid, a saturated long-chain fatty acid. It is a white, waxy, or powdery substance that exhibits amphiphilic properties, making it useful in various applications. Sodium stearate is a surfactant, capable of interacting with both water and oil, allowing it to emulsify and stabilize mixtures. It is a key ingredient in soap production, contributing to lathering and cleansing properties. In addition to its role in soap, it serves as an emulsifier and stabilizer in cosmetics, personal care products, pharmaceuticals, and various industrial processes, enhancing texture, consistency, and stability in a wide range of applications.
Key Details About the Sodium stearate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium stearate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium stearate Price forecast, including India Sodium stearate price, USA Sodium stearate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium stearate Price Trend:
Sodium stearate, the sodium salt of stearic acid, finds multiple industrial applications owing to its versatile properties. It is extensively used in the production of soap, where it acts as a surfactant, enabling the mixing of oils and fats with water, leading to lathering and cleansing effects. In the cosmetics and personal care industry, it serves as an emulsifier and stabilizer, maintaining product texture and consistency. Sodium stearate is utilized in pharmaceuticals as a binding and compressing agent in tablet and capsule manufacturing. Its emulsifying and stabilizing qualities are valuable in various industrial processes, such as the production of coatings, adhesives, and textile sizing. Moreover, it is employed in the food industry as an emulsifying and stabilizing agent, particularly in food additives.
- Kao Corporation
- Lumega Industries
- N&M Specialty Chemicals
- Norac Additives
- Sovereign Chemicals
- Spectrum Chemical Manufacturing Corp
- Tokyo Chemical Industry
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