Press release
Stearates Market size predicts favorable growth and forecast 2020 – 2027
Stearates Market
Stearates are esters of fatty acids. They are widely used as additives due to their lubricating property. It helps in reducing the friction between polymers and fillers. They can be classified into metal stearates and non-metal stearates. Metal stearates include calcium stearate, zinc stearate, and magnesium stearate whereas non-metal stearates encompass glycerol monostearate (GMS) and various types of animal fats.
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The increasing innovations by major stearates manufacturers on developing an innovative production process for metallic stearates is projected to offer potential market opportunities. Manufacturers are focusing on R &D to develop more innovative and eco-friendly technologies for the production of metallic stearates.
The rising demand for stearates from the pharmaceutical industry is expected to accelerate market growth. It is used as anti-caking additive for granules and powders in the production of the drugs. Growing geriatric populations is creating demand for healthcare need such as drugs and medical devices. Also, increasing production of the drugs and other pharmaceutical products to cater to rising demand is projected to bolster the market growth of the stearates.
Detailed Segmentation:
Global Stearates Market, By Technology:
Calcium Stearate
Sodium Stearate
Zinc Stearate
Magnesium Stearate
Aluminum Monostearate
Others
Global Stearates Market, By End-User:
Pharmaceuticals
Plastic and Rubber Processing
Building and Construction
Paints and Coatings
Others
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Key companies covered as a part of this study America eChem Inc., Baerlocher GmbH, Corporación Sierra Madre S.A. de C.V., Dover Chemical Corporation, FACI S.p.A., Ferro Corporation, Hummel Croton, Inc., Mallinckrodt Pharmaceuticals, Mexichem S.A.B. de C.V., and Nitika Pharmaceutical Specialities Private Limited (Nitika Chemicals)
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