Stearates Market To Reach Around US$ 7,056.9 Million By 2027

Stearates are esters of fatty acids 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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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)

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.

Market Opportunities

The growing use of aluminum stearates for the production of aluminum greases is expected to offer profitable opportunities in the near future. Aluminum greases are widely used in the paints and coatings industry as water repellent ingredients. Various manufacturer are increasing production of aluminum stearates due to the growing building &construction industry around the globe. Hence, rising demand for aluminum stearates is fostering the market growth.

Global Stearates Market - Impact of Coronavirus (Covid-19) Pandemic

The stearates market showcased a confronting probability of a profound impediment brought about by the impact of lockdowns over the globe to slow the spread of Covid-19 pandemic. The demand for stearates has declined various end-use industries such as plastic & rubber industry, plastic & rubber industry and paints & coating industry. This is expected to hamper the growth of stearates market in next few years till end of the 2021.

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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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This release was published on openPR.