Metallic Stearates Market Outlook
According to the report by Expert Market Research (EMR), the global metallic stearates market share reached a value of approximately USD 3.97 billion in 2022. Aided by the rising demand for plastic stabilisers and the burgeoning applications of metallic stearates in an array of industries, the market is projected to further grow at a CAGR of 4.70% between 2023 and 2028 to reach a value of USD 5.23 billion by 2028.
Metallic stearates, derived from stearic acid, are used extensively as lubricants, acid scavengers, water repellents, and gelling agents, among other things. They play a critical role in enhancing processing capabilities and the overall performance of various end products. Beyond their functional properties, metallic stearates also exhibit excellent stabilising and plasticising properties, which make them an indispensable component in various industrial applications, including plastics, pharmaceuticals, food, and cosmetics.
The escalating consumer inclination towards products with enhanced durability and improved performance is driving the global metallic stearates market growth. With the heightened awareness of the benefits linked with stabilisers, particularly in the plastic and rubber industries, there has been a notable shift towards metallic stearates-based products. Additionally, the thriving trend of sustainable manufacturing has further increased the demand for metallic stearates as they assist in producing more environment-friendly products.
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The burgeoning applications of metallic stearates in myriad industries significantly contribute to the metallic stearates market expansion. In the pharmaceutical industry, metallic stearates are used as lubricants and stabilisers in tablet production. The cosmetics industry utilises metallic stearates for their water-repelling and skin-protective properties, which are integral in the formulation of various skincare products. Furthermore, metallic stearates’ plasticising properties make them an indispensable component in manufacturing PVC and other plastic products, thereby increasing the global metallic stearates market demand.
Further, the escalating demand for high-quality cosmetics and pharmaceutical products has led to an increased focus on metallic stearates. With the increasing popularity of high-performance and sustainable products, metallic stearates have become an integral component in the formulation of many consumer goods. These trends, coupled with ongoing research and development to expand the application range of metallic stearates, continue to fuel the metallic stearates market expansion.
Metallic Stearates Market Segmentation
The market can be divided based on product, form, application, and region.
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Market Breakup by Product
- Calcium Stearates
- Zinc Stearates
- Aluminium Stearates
- Lithium Stearates
- Magnesium Stearates
- Others
Market Breakup by Form
- Powder
- Granules
Market Breakup by Application
- Plastics
- Pharmaceuticals
- Cosmetics
- Rubber
- Paints and Coatings
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global metallic stearates companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Akrochem Corporation
- Baerlocher GmbH
- Dover Chemical Corporation
- Faci S.p.A
- Peter Greven GmbH & Co. KG
- PMC Group, Inc.
- Promax Industries ApS
- Sinwon Chemical Co., Ltd.
- Valtris Specialty Chemicals Limited
- Others
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