According to the latest report by IMARC Group, titled "Calcium stearate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global calcium stearate market size reached US$ 1.1 Billion in 2022. Calcium stearate (C36H70O4.Ca), also known as calcium octadecanoic acid, is a salt formed by the reaction between stearic acid and calcium hydroxide. It is a white powdery substance that is insoluble in organic solvents and water. It is an effective anti-cracking agent that prevents powdered materials from sticking together. It offers excellent lubricant that helps to improve the flow of materials during production, which reduces friction between the material and the processing equipment, prevents damage, and enhances the overall efficiency of the production process. As it is affordable and easy to manufacture with low toxicity, its demand is catalyzing in different industries across the globe.
Global Calcium Stearate Market Trends:
C36H70O4.Ca is employed in the manufacturing of personal care and cosmetic products, such as creams, moisturizers, lotions, sunscreen, lipstick, shampoo, conditioners, lip balm, body wash, shower gels, mascara, and eyeliner. This, coupled with increasing concerns among individuals about physical appearance and the rising influence of social media platforms, represents one of the major factors propelling the market growth around the world. Moreover, C36H70O4.Ca finds application in the food and beverage (F&B) industry as an anti-caking agent to prevent powdered ingredients from clumping and improve the flowability and quality of the products. C36H70O4.Ca is used in various food products and beverages, including candies, chewing gum, spices, cake mixes, powdered milk, and creamers. This, along with the growing demand for ready-to-eat (RTE) food products on account of expanding purchasing power of the consumer, is influencing the market positively. In addition, the increasing demand for premium apparel that requires high-quality products to maintain its fabric quality is catalyzing the utilization of C36H70O4.Ca in the production of surfactants and detergents. Apart from this, the growing construction activities in residential and commercial areas are creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 1.4 Billion by 2028, exhibiting a CAGR of 4.3% during 2023-2028.
- On the basis of the end use industry, the market has been segmented into plastic and rubber industry, construction industry, personal care industry, pharmaceutical industry, pulp and paper industry, food and beverage industry, and others. At present, plastic and rubber industry holds the biggest market share.
- Based on the grade, the market has been classified into technical grade, food grade, and pharma grade. Presently, food grade represented the largest segment.
- Based on the region, the market has been divided into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific enjoys the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include BELIKE Chemical, Faci S.p.a., Kali Chem Industries, Seoul Fine Chemical Industries, Mittal Dhatu Rashayan Udyog, Hallstar Company, Baerlocher, Barium & Chemicals Inc., CellMark, Hummel Croton, Dover Chemical Corporation, Ferro Corporation, Allan Chemical Corporation, Norac Additives, PMC Biogenix, and Peter Greven GmbH.
|Base Year of the Analysis
||End Use Industry, Grade, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||BELIKE Chemical, Faci S.p.a., Kali Chem Industries, Seoul Fine Chemical Industries, Mittal Dhatu Rashayan Udyog, Hallstar Company, Baerlocher, Barium & Chemicals Inc., CellMark, Hummel Croton, Dover Chemical Corporation, Ferro Corporation, Allan Chemical Corporation, Norac Additives, PMC Biogenix and Peter Greven GmbH
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