Metallic Stearates Market Shares 2023 - James M. Brown Ltd., PMC Group, Inc., Dover Chemical Corporation, Baerlocher GmbH, FACI SPA, Peter Greven GmbH & Co. KG, Valtris Specialty Chemicals, Sun Ace Kakoh (Pte.) Ltd, Nimbasia, IRRH SPECIALTY CHEMICALS

Industry/ Innovations/ Related News:

October 12, 2017: Peter Greven Group (UK), one of the leading producers of oleochemicals additives announced the acquisition of Norac Additives LLC. (US), a leading global provider of metallic stearates and calcium-zinc heat stabilizers to pursue its expansion plans in North America. The acquisition is expected to hike-up Peter Greven Group’s profile in North America's plastics additives market, allowing it to further focus on its sales in pharmaceutical, food and cosmetic applications in the region.

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Global Metallic Stearates Market – Segments

The MRFR analysis is been segmented into three key dynamics for the convenience of understanding;

By Products: Magnesium, Aluminum, Zinc, and Calcium among others {Alkali Stearates (lithium stearates, sodium stearates, and sodium oleates)}.

By Application: Plastics, Rubber, Cosmetics, Building & Construction, Coatings, and Pharmaceuticals among others.

By Region: North America, Europe, APAC and Rest-of-the-World.

Global Metallic Stearates Market – Regional Analysis

Globally, the Asia Pacific region accounts for the largest market for Metallic Stearates. Owing to the expansion of various end-use applications such as building & construction and plastics among others, the APAC market is further estimated to post the highest CAGR during the forecast period, (2016 to 2023).

Markets in some of the APAC countries such as China, South Korea, India, Japan, Vietnam, and Malaysia are expected to witness huge demand for the product due to the increasing approvals of the large-scale residential, commercial, as well as industrial construction projects. Additionally, a significant rise in the automotive production & sales, backed by the improving economic conditions, is substantiating the market growth to an extent, registering an augmenting demand for the product.

Furthermore, ample availability of cost-competitive raw material, labor force, and land along with the rising development strategies that are sufficing the demand for Metallic Stearates in the increasing applications are some of the key driving forces substantiating the market growth in the region.

North America metallic stearates market is emerging as another lucrative market, following the APAC market closely. Attributing to the resurge of industrial sector combined with escalating investments to revitalize the rubber and plastic industry especially, the region is expected to witness a fabulous growth throughout the forecast period.

The continuous expansion of pharmaceutical and coatings sector, especially in the US and Canada, is entitling these countries as the major contributors to the market growth in the region, witnessing a significant market growth.

Europe region is too growing as one of the promising markets for metallic stearates. Markets in some of the European countries such as Poland, Russia, France, Germany, Italy, and the UK is growing significantly owing to the extensive uptake of the product in some of the well-penetrated end-use industries and substantial investments in R&D and innovation activities.

Latin American countries such as Brazil, Mexico, Argentina, and Colombia are also estimated to perceive a moderate growth, with the rising expenditures on cosmetics and lifestyle products.

On the other hand, metallic stearates market in the Middle East & Africa is projected to perceive a steady growth during the forecast period. The growing investments in residential as well as commercial construction sector, especially in some of the GCC countries such as Qatar, Oman, Saudi Arabia and the United Arab Emirates (UAE) is expected to impact the market growth in the region positively.

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