Metallic stearates have been used for decades in paints and coatings, where they are added to pigments to keep them separated from the oil in the tube, preventing synthesized fat from forming soap when binding with substances such as pigments.
Heightened adoption of metallic stearates in various end-use industries like pharmaceuticals, plastic, and construction will propel the market over the projected period. Scaling up from a value of US$ 2,397.95 Mn in 2021, the metallic stearates market is likely to reach an estimated US$ 2,478.4 Mn in 2022. The global metallic stearates market is projected to reach a valuation of US$ 3,178.0 Mn, with sales growing at an average CAGR of 4.2% over the forecast period of 2022 to 2028.
Composites of fatty acids with metal oxides are categorized as metallic stearates. Though some stearates are not soluble in water, all metallic stearates possess many essential properties such as gelling capacity, stabilizing effects, separating properties, etc., that culminate in their wide range of applications in various industry verticals. These stearates are used as water-repelling agents, lubricating agents, defoamers, and many others. Metallic stearates are gaining massive traction in the plastic industry where they are used as lubricants, acid scavengers, and releasing agents. Metallic stearates aid the processor in producing a product with better finishing, smoother surfaces, and relatively low friction.
Moreover, enhanced lubricating and release properties of metallic stearates ensure massive scope for the product in the pharmaceutical and cosmetic industry. Shampoos, eyeliners, lipsticks, sun-protective lotions, medicated ointments, and body and foot powders, among others, contain metallic stearates. In the pharmaceutical sector, metallic stearates are utilized on a vast scale in tablet pressing and drug preparation. Some of the other applications of metallic stearates are as antistatic agents in the textile sector, as swelling and suspension aid in the ink sector, and as lubricants and release agents in the metal-processing industry. All of these numerous applications of the product promote a positive market environment for metallic stearates over the forecast period.
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“Rising adoption of metallic stearates in industry verticals like plastic, chemicals, pharmaceuticals, construction, and many others will presumably boost market prospects for metallic stearates over the forecast period,” says an FMI analyst.
Key Takeaways:
Competitive Landscape
Akrochem Corporation, Valtris Specialty Chemicals, PROMAX Industries ApS, Peter Greven GmbH & Co. KG, Univar Inc., Biogenix, Inc., Faci S.p.A., Dover Chemical Corporation, Sinwon Chemical Co., Ltd., and Baerlocher GmbH among others are some of the major players in the metallic stearates market that are profiled in the full version of the report.
Major market players are focusing on the quality and good manufacturing process of the product to enhance their market presence. These organizations are also employing competitive pricing tactics to strengthen their market position.
More Insights into the Metallic Stearates Market Report
In its latest report, FMI offers an unbiased analysis of the global metallic stearates market, providing historical data from 2013 to 2021 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and range, the market is segmented on the basis of product type (zinc stearate, calcium stearate, magnesium stearate, aluminum stearate, others (sodium stearate, barium stearate, etc.), application (metallic stearate for polymers and plastics industry, metallic stearate for rubber industry, metallic stearate for pharmaceutical sector, metallic stearate for personal care and cosmetics industry, metallic stearate for the construction industry, metallic stearate for paints and coatings industry), and region.
According to the latest FMI reports, based on region, China’s metallic stearate market is projected to dominate the market over the forecast period. The metallic stearate market in China is expected to acquire more than 30% of the global market share. Expanding manufacturing industry, increasing construction activities, and favorable government initiatives account for this impressive growth.
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In the United States of America, the metallic stearate market is expected to show considerable growth over the assessment period. The region will presumably account for 25% of the overall market share. Increasing strong presence of the cosmetics and pharmaceutical industry coupled with escalating research and development activities foster the regional market growth over the assessment period.
Based on segmentation, by product type, the zinc stearate segment is predicted to register heightened demand while the plastics and polymer industry segment will witness the largest product application.
Key Segments Covered in Metallic Stearates Industry Survey
Metallic Stearates by Product Type
Metallic Stearates by Application
Metallic Stearates Market by Region
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Jan 19, 2023
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