The market growth outlook remains highly uneven across regions, with India and China witnessing higher growth outlooks owing to substantial growth in the chemical industries.
The Metallic Stearates Market has witnessed significant growth in recent years, primarily driven by their widespread use in cosmetics and personal care items. These versatile compounds, known for their hydrophobic qualities, play a crucial role in preventing water absorption and clumping in various products such as shampoos, eyeliners, lipsticks, sunscreen, medicinal ointments, and foot powders. By incorporating metallic stearates, manufacturers can ensure the stability and extended shelf life of these formulations, enhancing their overall quality and performance.
The metallic stearates market size is projected to be valued at US$ 2.6 Billion in 2023 and is expected to rise to US$ 4.0 Billion by 2033. The sales of metallic stearates are expected to record a significant CAGR of 4.5% during the forecast period.
The increased use of metallic stearates in numerous end use sectors is responsible for the market expansion. They are used as antistatic agents for dry impregnation in the textile sector. They serve as assist in the swelling and suspension of additives like pigments in printing ink processes.
Additionally, metallic stearates are included in cosmetics and personal care items like shampoos, eyeliners, lipsticks, sunscreen, medicinal ointments, and foot powders due to their hydrophobic qualities, which stop the goods from collecting water and clumping together.
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Consumers' increased purchasing power and the general public's increasing awareness of beauty are both contributing to the market's expansion.
In addition, the top players are creating thermostable metallic stearates, which exhibit exceptional color stability in transparent or vividly colored thermoplastics processed at high temperatures.
The use of metallic stearates in the metal processing and construction sectors is expected to increase as a result of these advances.
Key Takeaways from the Metallic Stearates
Competitive Landscape
Product expansions and distinctiveness have a favorable impact on the major players. Manufacturers prioritize creating goods with better surface characteristics. One of the main areas of emphasis for producers is the addition of stearic acid derived from vegetable oil. To gain greater participation in the value chain, companies place a strong emphasis on new product launches, capacity expansion, and collaborations.
Dover Chemical Corporation, Valtris Specialty Chemicals, Peter Greven GmbH & Co. KG, Baerlocher GmbH, Faci S.p.A, Norac Additives, Sun Ace Kakoh (Pte.) Limited, PMC Biogenix, Inc., James M. Brown Ltd., Nimbasia Stabilizers LLP, Marathwada Chemicals, Seoul Fine Chemical Ind. Co., Ltd., IRRH Specialty Chemicals India Limited, Akrochem Corporation
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Latest Developments
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Jul 13, 2023