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The global metallic stearate market was valued at US$ 4.1 Billion in 2021.
We expect the global metallic stearate market to exhibit a CAGR of 5.2% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for metallic stearate.
The rising demand for metallic stearates in personal care products and cosmetics, such as shampoos, eyeliners, lipsticks, etc., owing to their hydrophobic properties, which prevent products from absorbing water and forming agglomerates, is primarily driving the global metallic stearate market.
Based on the product, the global metallic stearate market has been segmented into zinc stearate, calcium stearate, aluminum stearate, magnesium stearate, and others. Among these, zinc stearate currently holds the majority of the total market share.
Based on the application, the global metallic stearate market can be divided into plastics, rubber, pharmaceuticals, cosmetics, building and construction, paints and coatings, and others. Currently, plastics exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global metallic stearate market include 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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