With 4.2 % CAGR, Metallic Stearates Market Size to Hit USD 3,178.0 Mn by 2028 | Report by Future Market Insights, Inc.
China Metallic Stearates Market holds more than 35% global market share, and is expected to continue its dominance through 2028. Polymer & plastics are expected to generate 32% of metallic stearates demand. U.S. is expected to gain significant market share of more than 25% in revenue terms by 2028 end for metallic stearates market.
NEWARK, Del., Sept. 2, 2022 /PRNewswire/ -- The global metallic stearates market is projected to reach a valuation of US$ 3,178.0 Mn, with sales growing at an average CAGR of 4.2% over the forecast period of 2022 to 2028. Scaling up from a value of US$ 2,397.95 Mn in 2021, the metallic stearates market is likely to reach an estimated US$ 2,478.4 Mn in 2022. Heightened adoption of metallic stearates in various end-use industries like pharmaceuticals, plastic, and construction will propel the market over the projected period.
Composites of fatty acids with metal oxides are categorized as metallic stearates. Though some stearates are not soluble in water, all metallic stearates possess many essential properties such as gelling capacity, stabilizing effects, separating properties, etc., that culminate in their wide range of applications in various industry verticals. These stearates are used as water-repelling agents, lubricating agents, defoamers, and many others. Metallic stearates are gaining massive traction in the plastic industry where they are used as lubricants, acid scavengers, and releasing agents. Metallic stearates aid the processor in producing a product with better finishing, smoother surfaces, and relatively low friction.
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Moreover, enhanced lubricating and release properties of metallic stearates ensure massive scope for the product in the pharmaceutical and cosmetic industry. Shampoos, eyeliners, lipsticks, sun-protective lotions, medicated ointments, and body and foot powders, among others, contain metallic stearates. In the pharmaceutical sector, metallic stearates are utilized on a vast scale in tablet pressing and drug preparation. Some of the other applications of metallic stearates are as antistatic agents in the textile sector, as swelling and suspension aid in the ink sector, and as lubricants and release agents in the metal-processing industry. All of these numerous applications of the product promote a positive market environment for metallic stearates over the forecast period.
"Rising adoption of metallic stearates in industry verticals like plastic, chemicals, pharmaceuticals, construction, and many others will presumably boost market prospects for metallic stearates over the forecast period," says an FMI analyst.
Key Takeaways:
- Opportunities in the textile industry to bolster market growth over the forecast period.
- China is predicted to dominate the market space over the forecast period, accounting for over 30% of the global market share.
- Escalating research and development activities are likely to fuel the market growth in the U.S.
- On the basis of product type, zinc stearates are to register high demand during the assessment period.
- Based on end-use, the polymer and plastic industry will lead the market over the forecast period.
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Competitive Landscape
Akrochem Corporation, Valtris Specialty Chemicals, PROMAX Industries ApS, Peter Greven GmbH & Co. KG, Univar Inc., Biogenix, Inc., Faci S.p.A., Dover Chemical Corporation, Sinwon Chemical Co., Ltd., and Baerlocher GmbH among others are some of the major players in the metallic stearates market that are profiled in the full version of the report.
Major market players are focusing on the quality and good manufacturing process of the product to enhance their market presence. These organizations are also employing competitive pricing tactics to strengthen their market position.
More Insights into the Metallic Stearates Market Report
In its latest report, FMI offers an unbiased analysis of the global metallic stearates market, providing historical data from 2013 to 2021 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and range, the market is segmented on the basis of product type (zinc stearate, calcium stearate, magnesium stearate, aluminum stearate, others (sodium stearate, barium stearate, etc.), application (metallic stearate for polymers and plastics industry, metallic stearate for rubber industry, metallic stearate for pharmaceutical sector, metallic stearate for personal care and cosmetics industry, metallic stearate for the construction industry, metallic stearate for paints and coatings industry), and region.
According to the latest FMI reports, based on region, China's metallic stearate market is projected to dominate the market over the forecast period. The metallic stearate market in China is expected to acquire more than 30% of the global market share. Expanding manufacturing industry, increasing construction activities, and favorable government initiatives account for this impressive growth.
In the United States of America, the metallic stearate market is expected to show considerable growth over the assessment period. The region will presumably account for 25% of the overall market share. Increasing strong presence of the cosmetics and pharmaceutical industry coupled with escalating research and development activities foster the regional market growth over the assessment period.
Based on segmentation, by product type, the zinc stearate segment is predicted to register heightened demand while the plastics and polymer industry segment will witness the largest product application.
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Key Segments Covered in Metallic Stearates Industry Survey
Metallic Stearates by Product Type
- Zinc Stearate
- Calcium Stearate
- Magnesium Stearate
- Aluminium Stearate
- Others (Sodium Stearate, Barium Stearate, etc.)
Metallic Stearates by Application
- Polymers & Plastics Industry
- Rubber Industry
- Pharmaceuticals Industry
- Personal Care & Cosmetics Industry
- Construction Industry
- Paints & Coatings Industry
- Others
Metallic Stearates Market by Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
Table of Content
1. Table of Contents
2. Executive Summary
2.1. Global Market Outlook
2.2. Segment Analysis
2.3. Regional Value and Volume Analysis
2.4. Demand Side Trends
2.5. Supply Side Trends
2.6. Technology Roadmap Analysis
2.7. Key factors to offer Competitive Advantage
2.8. Analysis and Recommendations
3. Market Overview
3.1. Market Taxonomy
3.2. Market Definition
4. Key Market Trends
4.1. Key Trends Impacting the Market
5. Key Success Factors
5.1. Product Adoption Analysis
5.2. Strategic Promotional Strategies
5.3. Technological Innovation
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