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According to the latest report by IMARC Group, titled “Metallic Stearate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global metallic stearate market exhibited moderate growth during 2015-2020. 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.
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 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 around 5% during the forecast period (2021-2026).
Market Summary:
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