Ongoing Study Traces the Expansion of Metallic Stearates Market During 2017-2027
Global Metallic Stearates Market: Dynamics
The global metallic stearate market is driven by the increasing demand for PVC (Polyvinyl chloride) and other polymers, which use metallic stearates in various types of processing. The use of metallic stearates in the manufacturing of different polymers, such as phenolic resins, polyolefin, polystyrene, and others is expected to drive the global metallic stearates market.
Moreover, there has been an increase in the use of metallic stearates in the manufacture of soaps and detergents, due to their hydrophilic properties that prevent particles from absorbing moisture and thus, prevent agglomeration.
A major factor that acts as a challenge for the growth of the global metallic stearate market is the problem of filterability of chemicals by the use of these stearates. Another problem faced by the addition of metal stearates is that of corrosion.
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Manufacturers are focusing on the development of tailored solutions. Special customised metallic stearates are being manufactured as per requirement. Based on specific needs, such as water repellence, stabilising properties, acid scavenging, and others, different types of metallic stearates are being manufactured.
Global Metallic Stearates Market: Segmentation
The global metallic stearates market can be segmented in a number of ways. Some of the prominent classifications being on the basis of product type, end use industry, and form.
On the basis of product type, the global metallic stearates market can be segmented as:
Others (Nickel, Copper, Lithium, etc.)
On the basis of end use industry, the global metallic stearate market can be segmented as:
Building and construction
Cosmetics and personal care
Paints and coatings
Polymer and rubber industry
Paper and pulp Industry
Mining and metallurgy
Food and beverage Industry
On the basis of form, the global metallic stearate market can be segmented as:
Aqueous stearate dispersions
Global Metallic Stearates Market: Regional Outlook
Asia Pacific is anticipated to hold a major share in the global metallic stearate market and the region is projected to retain its dominance throughout the forecast period. There has been an increase in the demand for metallic stearates in Asia Pacific, owning to an increase in the number of major end use industries, such as polymers and rubber, and building and construction, among others. China is a major market for metallic stearates, followed by India. Europe and North America are also anticipated to hold a significant share in the global metallic stearates market. This can be attributed to a large base of manufacturing industries in the region that require metallic stearates for various applications. The Middle East and Africa region is anticipated to show relatively sluggish growth over the forecast period and the region is expected to remain a relatively small market for metallic stearates. Japan is projected to expand at a moderate CAGR over the forecast period.
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Global Metallic Stearates Market: Market Participants
Examples of some of the market participants identified across the value chain of the global metallic stearates market include Baerlocher GmbH, Dover Chemical Corporation, Brenntag Specialities Inc., PMC Group Inc., Valtris Specialty Chemicals, James M. Brown Ltd., Faci S.p.A, Hallstar, Peter Greven GmbH & Co. KG.
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