Press release
Metallic Stearate Market To Rise In Rubber Industry At A Whopping 4.5% CAGR 2018 – 2024
Metallic stearate market
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 industry 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.
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Metallic stearate market from polymer application is estimated to surpass USD 1.5 billion in 2024 owing to increasing demand from Asia-Pacific region, as it is a hub for polymers & rubbers processing industry. These products are used in fiberglass reinforced polyesters, polyolefin, polystyrene phenolic resins & compounds, and PVC. Growing polymer industry is expected to lead to an increase in metallic stearates demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Dover Chemical Corp
2. Baerlocher USA
3. Peter Greven GmbH & Co. KG
4. Valtris Specialty Chemicals
5. Brenntag Specialties, Inc.
6. Allan Chemical Corporation
7. HUMMEL CROTON INC
8. PMC Biogenix
9. Sun Ace Kakoh (Pte) Ltd.
10. Seoul Fine Chemical Industries
11. IRRH SPECIALTY CHEMICALS INDIA LIMITED
12. MARATHWADA CHEMICAL INDUSTRIES PRIVATE LIMITED
13. Nimbasia Stabilizers - India
14. James M. Brown Ltd
Metallic stearates are derived from industrial grade of stearic acid, and is prepared through two methods, reaction of metal oxides with molten fatty acids and double decomposition method. Volatile raw material prices including vegetable oils and petrochemicals along with rising incidences of toxicity and hazards associated with production might hinder industry growth. Recent development of using bio-based products with increasing focus on R&D concerning product innovation should generate lucrative opportunities for product.
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.
Metallic Stearate Market, By Product
• Zinc stearate
• Calcium stearate
• Aluminum stearate
• Magnesium stearate
• Sodium stearate
• Lithium stearate
Zinc Stearate Market, By Application
• Polymer
• Pharmaceutical
• Food
• Paints & coatings
• Cosmetics
• Construction
• Rubber
• Ceramics
• Others
Germany aluminum stearate industry should generate revenues up to USD 65 million by 2024. This growth in can be ascribed to presence of strict ecological protection policies accompanied by growing consumer awareness. Existence of major producers in region and their striding drive for product revolution would strengthen regional industry growth.
Browse key industry insights from the report, “Metallic Stearate Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/metallic-stearate-market
Global metallic stearate market share is moderately fragmented and highly competitive with key manufacturers including PMC Biogenix, Baerlocher GmbH, Sinwon Chemical, Dover Corporation, Allan and Valtris Chemicals. Companies focus in expanding their marketing network by evolving strategic alliances through mergers & acquisition, partnership and joint ventures. Rising investment in R&D by manufacturers for product innovation also strengthens market penetrability.
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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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