Global Metallic Stearates Market Insights Forecasts to 2032
- The Metallic Stearates Market was valued at USD 4.5 Billion in 2022.
- The Market Size is Growing at a CAGR of 4.7% from 2022 to 2032
- The World Metallic Stearates Market Size is expected to reach USD 5.9 Billion by 2032
- North America is expected To Grow the fastest during the forecast period.
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The Global Metallic Stearates Market Size is expected to reach USD 5.9 Billion by 2032, at a CAGR of 4.7% during the forecast period 2022 to 2032.
Compounds known as metallic stearates are made up of long-chain fatty acids and metals, with stearic acid and other metal salts making up the majority of the composition. Due to their distinctive qualities and adaptability, they are frequently employed in industrial applications. Metallic stearates most frequently contain the metals calcium, zinc, magnesium, and aluminium. Stearic acid generally reacts with metal oxides, hydroxides, or carbonates to form metallic stearates. Depending on the particular metal utilised, the resultant compounds are powders or waxy solids that have different properties. Metallic stearates are used as foam suppressants in a variety of industrial procedures, including the creation of polymers and plastic extrusion. They support maintaining product quality by preventing the production of undesired foam.
Impact of COVID-19 On the Global Metallic Stearates Market
With the outbreak of the COVID-19 pandemic, the virus has affected more than 180 nations which has caused huge loss in terms of economy and lives across the world. The metallic stearates market has affected the market in a negative way due to its dependence on plastic manufacturing, building and construction, and various other end users. Apart from this, the risk faced by the workforce has led to delay in the operation of construction projects amidst the pandemic. Furthermore, various key sustainable plastic manufacturers were forced to shut down their companies or stop their operations which had led to disruptions in supply chains. In addition, metallic stearates that are produced using raw materials are hired or purchased from various enterprises. The decreasing purchasing power of suppliers has also impacted the market negatively. The COVID-19 pandemic has also resulted in transportation interruptions, issues with contractual ramifications, a labour shortage, and other factors that collectively have caused the paints & coatings sector to experience a decline.
Global Metallic Stearates Market Report Coverage
|Market Size in 2022:||USD 4.5 Billion|
|Forecast Period 2022-2032 CAGR:||4.7%|
|2032 Value Projection:||5.9 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Product, By Application, by Region.|
|Companies Covered:||DOVER CHEMICAL CORPORATION, Baerlocher GmbH, FACI SAP, Peter Greven GmbH & Co. KG, Valtris Specialty Chemicals, Norac Additives LLC, Sun Ace Kakoh (Pte.) Ltd, PMC Group, Inc., James M. Brown Ltd., Nimbasia, Marathwada Chemicals, Lumega Industries, IRRH SPECIALTY CHEMICALS INDIA LIMITED, PROMAX Industries ApS, SEOUL FINE CHEMICAL IND. CO., LTD., BELIKE, GOLDSTAB ORGANICS PVT LTD, Synergy Poly Additives Pvt. Ltd., Mallinckrodt and Himstab, LLC.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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Key Market Drivers
The usage of polymers in different end use industries has witnessed significant surge in the past few years owing to their unique features like durability, high strength, flexibility, and light weight nature. The demand of polymer is growing in industries like packaging, automotive, construction as well as electronics. With the increase in the demand for polymers, the demand for metallic stearates which are known to be primary additives in the production of polymers. Metallic stearates are widely used in the form of stabilizers, lubricants, and release agents in the polymer processing which improves their efficiency and quality. For instance, metallic stearates are combined to polyvinyl chloride products in order to improve their processing features as well as mechanical features.
Key Market Challenges
The strict regulations imposed by the government in the environment are hampering the growth of the global metallic stearates market. Many countries have implemented stringent rules regarding the usage of metallic stearates owing to their health as well as environmental hazards. The price is raw matrials that are used to produce metallic stearates lime metal oxides and stearic acid are subject to various fluctuations owing different supply and demand dynamics, fluctuations in trade policies, and geopolitical events.
Zinc segment is dominating the market with the largest market share over the forecast period
On the basis of product, the global metallic stearates market is segmented into zinc, calcium, aluminium. Among these, zinc segment is dominating the market with the largest market share over the forecast period. It is polar solvents like ether and alcohol that it cannot dissolve, although chlorinated and aromatic hydrocarbons may. The most effective mould release agent is zinc stearate since it lacks an electrolyte and possesses a hydrophobic agent. In the plastic and rubber industries, they serve as lubricants and release agents.
Calcium stearate segment, on the other hand anticipated to witness the fastest market growth over the forecast period. Being a lubricant and releasing agent, calcium stearate is frequently employed in the manufacture of plastics and rubber. It enhances the materials' processing flow characteristics and keeps them from adhering to moulds or other machinery. In the formulation of pharmaceuticals, it serves as an excipient. In the production of tablets, calcium stearate functions as a lubricant and anti-adherent, enabling the smooth disengagement of tablets from the punches or dies.
Plastics segment accounted the largest market share over the forecast period
Based on the application, the global metallic stearates market is segmented into Plastics, Rubber, Pharmaceutical, Cosmetics. Among these, plastics segment accounted the largest market share over the forecast period. The plastics segment primarily uses metallic stearates as lubricants, acid scavengers, and releasing agents. It is essential to the melting process as well. By creating products with smoother surfaces and reduced friction, it enables businesses to optimise productivity.
Rubber, on the other hand is anticipated to witness the fastest market share over the forecast period. Metallic stearates can be utilised as foam stabilisers in specific rubber applications where foaming is needed. They contribute to better foam structure and performance in goods like foam rubber sheets, seals, and gaskets by assisting in controlling the size, homogeneity, and stability of foam cells.
Asia Pacific is dominating the market with the largest market share over the forecast period
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Asia Pacific holds the highest market share over the forecast period. Market expansion in the area is projected to be fueled by factors such producers increasing their regional presence in the Asia-Pacific region to conveniently acquire raw materials and the availability of inexpensive labour. In addition, the personal care business is increasingly using metallic stearate as a lubricant and non-gelling thickening. The market for metallic stearate is growing because to its use in shampoos, sunscreen lotions, medicinal ointments, deodorants, scents, and hair and skincare products.
North America, on the other hand, is expected to witness the fastest market share over the forecast period. The high demand for the substance from the pharmaceutical and cosmetic sectors has driven prices up in nations like the United States and Canada. In the upcoming years, it is anticipated that rising R&D efforts in the area of metallic stearates to create effective goods for usage in commercial sectors will boost regional product demand.
Recent Market Developments
- In September 2020, with Valtris Specialty Chemicals, Kigo Chemical has a distribution deal for Synpro Metallic Stearates in Mexico.
List of Key Companies
- DOVER CHEMICAL CORPORATION
- Baerlocher GmbH
- FACI SAP
- Peter Greven GmbH & Co. KG
- Valtris Specialty Chemicals
- Norac Additives LLC
- Sun Ace Kakoh (Pte.) Ltd
- PMC Group, Inc.
- James M. Brown Ltd.
- Marathwada Chemicals
- Lumega Industries
- IRRH SPECIALTY CHEMICALS INDIA LIMITED
- PROMAX Industries ApS
- SEOUL FINE CHEMICAL IND. CO., LTD.
- GOLDSTAB ORGANICS PVT LTD
- Synergy Poly Additives Pvt. Ltd.
- Mallinckrodt and Himstab, LLC
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Metallic Stearates Market based on the below-mentioned segments:
Metallic Stearates Market, Product Analysis
Metallic Stearates Market, Application Analysis
Metallic Stearates Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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