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Global Metallic Stearate Market By Leading Key Players: Baerlocher, Peter Greven, Brenntag Specialities, Allan Chemical, Hummel Croton, PMC Biogenix, Nimbasia Stabilzer
Global Market Insights
Global metallic stearate market is driven by rising demand for PVC (poly vinyl chloride) and other polymers. Use of these products in manufacturing different polymers such as polystyrene, polyolefin and phenolic resins will drive metallic stearate market growth. They are also widely used in manufacturing soaps and detergents owing to its hydrophilic properties which prevent moisture absorption and agglomeration.
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Metallic Stearate Market should surpass USD 7 Billion by 2024; according to a new research report. Rising demand from diverse end use industries are anticipated to drive metallic stearate market growth. Zinc, calcium, aluminum, and magnesium are most commonly used stearates. They are of high commercial importance owing to their lubricating, gelling, stabilizing and water repellence properties. They are produced using vegetable oils which is an organic raw material.
Global magnesium stearate demand from pharmaceutical application is expected to surpass 30 kilo tons by 2024. It can be attributed to its pharmaceutical excipient status meaning its incorporation among the FDA list of 40 official categories of excipients. It can be commercially produced from vegetable oil sources including palm and cottonseed oil. These products are also widely used as food additives driving metallic stearate market revenue.
Metallic stearate market from cosmetic industry application should surpass USD 1 billion owing to its inherent characteristics of colour stability, binding ability, versatility, and thickening. The hydrophobic nature of the product helps powder form from absorbing water and thus from forming agglomerates. These products are used in lip colors, eyeliners, shampoos, sun protective lotions, ointments. Dosage used are relatively low ranging from 0.05 to 1%. These properties enhance shelf life of products which in turn should boost market growth.
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China zinc stearate market will witness gains at over 7.5% during projected period which can be attributed to extensive regional presence of polymer, paints & coatings and rubber manufacturing companies. Rising per capita income along with government support for bio-based manufacturing should further strengthen regional industry growth.
North America, led by Canada, Mexico and the U.S. metallic stearate market size should witness gains at over 4% during forecast timeframe and is largest market segment in terms of revenue. In countries including the U.S., presence of large base of manufacturing industries incorporating metallic stearate along with growing infrastructure and economic strength should boost regional demand.
Global metallic stearate industry is moderately fragmented with key market players including Dover Chemical, Baerlocher, FACI, Peter Greven and Norac Additives sharing over 40% of the global metallic stearate market. Other industry participants include PMC Biogenix, Nimbasia Stabilizers, Lumega, IRRH Specialty Chemicals.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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