According to the latest report by IMARC Group, titled “Metallic Stearate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global metallic stearate market reached a value of US$ 4.3 Billion in 2022. Metallic stearates refer to salts or esters of stearic acid. They are compounds made from the integration of metals of varying valences with long-chain fatty acids. Some of the most common metallic stearates include calcium, zinc, aluminum, and magnesium. They offer various properties, which include water repellence, stabilizing effects, excellent gelling capacity, foam inhibition, and separating and lubricating properties. Metallic stearates are available in different forms, including fine powders, prills, flakes, pastilles, AV-granules, and rod-shaped pellets. They play a role as suspension agents in the manufacturing of waxes and liquid wax compounds.Metallic stearates are widely used in the plastics, pharmaceutical, cosmetics, building, paper, rubber, metal, and lubricant industries.
Global Metallic Stearate Market Trends:
There has been an increase in the incorporation of metallic stearates in the production processes for enhancingthe product quality across various industrial verticals, such as pharmaceuticals, rubber, polymers and plastics, and construction. This increase is majorly driving the global metallic stearate market growth. Besides this, the excellent release and lubricant properties of these compounds is escalating their demand in the cosmetic and pharmaceutical industries, which is further contributing to the growth of the market. Moreover, leading players are consistently investing in the advancement of production technologies, and in the research and development (R&D) activities, which is creating a positive outlook for the market across the globe. Looking forward, the market is projected to grow at a CAGR of 4.9% during the forecast period (2023-2028).
- Based on the product, the market has been segmented into zinc stearate, calcium stearate, aluminum stearate, magnesium stearate, and others.
- On the basis of the application, the market has bene segregated into plastics, rubber, pharmaceuticals, cosmetics, building and construction, paints and coatings, and others.
- On a regional basis, the market has been categorized as North America (the United States, and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being Baerlocher GmbH, DAINICHI CHEMICAL INDUSTRY Co. Ltd., Dover Chemical Corporation (ICC Industries Inc.), Faci S.p.A., James M. Brown Ltd., Nimbasia, Norac Additives LLC, Peter Greven GmbH & Co. KG, PMC Biogenix Inc., Sun Ace Kakoh Pte Ltd, Univar Solutions Inc., and Valtris Specialty Chemicals.
|Base Year of the Analysis
||Product, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Baerlocher GmbH, DAINICHI CHEMICAL INDUSTRY Co. Ltd., Dover Chemical Corporation (ICC Industries Inc.), Faci S.p.A., James M. Brown Ltd., Nimbasia, Norac Additives LLC, Peter Greven GmbH & Co. KG, PMC Biogenix Inc., Sun Ace Kakoh Pte Ltd, Univar Solutions Inc., and Valtris Specialty Chemicals
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