According to the latest report by IMARC Group, titled “Calcium Stearate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global calcium stearate market reached a value of US$ 1.0 Billion in 2021. Calcium stearate (C36H70O4.Ca), also known as octadecanoic acid calcium salt, is a type of metallic stearate that has a high melting point of around 356-degree Fahrenheit. It is a non-toxic and non-irritating carboxylate of calcium, which is produced through the reaction of stearic acid and calcium salt. While it is available with 50% dispersion commercially in the liquid form, it is also available as a white colored powdery/waxy substance in the solid form. Besides this, calcium stearate is affordable and easy to manufacture with low toxicity, owing to which it is widely utilized in various industries across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Calcium Stearate Market Trends:
Calcium stearate is used in construction activities as a waterproofing agent and for preventing efflorescence. This, in confluence with the burgeoning construction industry on account of rapid urbanization, growing population and increasing infrastructural activities, is strengthening the market growth. Apart from this, calcium stearate is also utilized in the rubber processing industry as an anti-caking and scavenging agent to prevent coagulation of uncured rubber and release the final product from molds. In line with this, the escalating demand for rubber in the automobile industry is impelling the market growth. Calcium stearate is also employed in the food and beverage (F&B) industry for preparing candies, spices and confectionary items. Additionally, it finds applications in the pharmaceutical industry for manufacturing supplements and oral drug formulations. Owing to these factors, the market is anticipated to expand at a CAGR of 4.97% during the forecast period (2022-2027).
- Based on the grade, the market has been classified into technical, food and pharma segments.
- On the basis of the end use industry, the market has been segmented into plastic and rubber, construction, personal care, pharmaceutical, pulp and paper, food and beverage, and other sectors. Amongst these, the plastic and rubber industry accounts for the majority of the total market share.
- Region-wise, Asia Pacific enjoys the leading position in the market. Other major regions include Europe, North America, Latin America, and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being BELIKE Chemical Co. Ltd., FACI SPA, Kali Chem Industries, Seoul Fine Chemical Industries Co. Ltd., Mittal Dhatu Rashayan Udyog, Hallstar Company, Baerlocher GmbH, Barium & Chemicals Inc., CellMark Inc., Hummel Croton Inc., Dover Chemical Corporation, Ferro Corporation, Allan Chemical Corporation, Norac Additives Inc., PMC Biogenix and Peter Greven GmbH & Co. KG.
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