Dec 17, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Metallic Stearate Market.
It was estimated prior to this unanticipated outbreak that the Metallic Stearate Market is likely to witness an impressive CAGR of 6.2% during the forecast period. Growing global plastics and rubber industry along with surging demand in cosmetics and pharmaceutical applications is expected to drive the growth of the metallic stearate market during the forecast period. Furthermore, the growing product demand for refining surface textures of plastic goods is likely to propel the market over the forecast years.
Calcium stearate, a white waxy powder, is classified as calcium soap. Being insoluble in most solvents it dissolves slightly when heated in chlorinated hydrocarbons, aromatic compounds, or mineral and vegetable oils and waxes. It is mainly used as a mold release agent, lubricant, and acid scavenger in the plastics industry.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the product type, the market is segmented as zinc stearate, calcium stearate, aluminum stearate, magnesium stearate, sodium stearate, and lithium stearate. The zinc stearate market would surpass 6% gains during the forecast period as it is insoluble in polar solvents including alcohol and ether but soluble in chlorinated hydrocarbons and benzene, if heated. The product is utilized as a release agent for manufacturing polymers, rubber, and powder metallurgy due to its super non-stick property. In cosmetic industry, it is used as lubricating agent and thickener to improve texture of products, hence driving the growth of the segment.
Based on the application type, the market is segmented as polymer, pharmaceutical, food, paint & adhesives, cosmetics, construction, rubber, and ceramics. The aluminum stearate market size from food applications will surpass USD 30 million during the forecast period due to evolving consumer demand for organic food products. The global food flavoring market expects gains at over 5.5% over the forecast period. Acceptance from GRAS and FDA for use of these stearates as direct food substance would further elevate the metallic stearate market share.
In terms of regions, Asia-Pacific was the largest regional market in 2020, and is estimated to maintain its dominance during the forecast period as well. Robust economic development in China, India, and the Southeast Asian countries bolster the demand for metallic stearates in numerous applications along with increased construction activities and automotive production, which propel the product demand, especially in paints and coatings, rubber, and plastics. On the other hand, North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Key players operating in the global Metallic Stearate market are-
- Allan Chemical.,
- Baerlocher GmbH,
- Brenntag Specialities,
- Dover Chemical Corporation,
- Faci S.p.A,
- Hummel Croton,
- Peter Greven GmbH & Co. KG.,
- PMC Biogenix,
- Sun Ace Kakoh (Pte) Ltd,
- Valtris Specialty Chemicals.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Metallic Stearate analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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