Research analysis on the global calcium stearate market identifies that the increasing consumption of calcium stearate in the food and pharmaceutical industry will be one of the major factors that will have a positive impact on the growth of the market. The food industry extensively uses calcium stearate because they have an anti-caking property. During production or transportation, this property prevents chemicals from sticking to the processing equipment. Also, it is deemed fit for consumption and are highly used in the pharmaceutical industry as an oral drug formulation. In North America and Europe, calcium stearate is accredited as GRAS by the FDA in the US, which in turn, will drive the demand for calcium stearate in these regions. Food industries use non-sticky and gluten-free calcium stearate to prepare candies and other food products. It is also used in snacks, dry mixes, salt, and spices. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.
The preference for lead stearate is one of the key trends that will gain traction in the global calcium stearate market during the estimated period. Lead stearate is used as a kicker in expandable PVC and stabilizer in PVC. It also acts as a slipping agent, lubricant, heat-stabilizer, releasing agent in the plastic and rubber, and paint and ink industries. Additionally, it is also used as a corrosion inhibitor in petroleum and drier in varnish and paints and in the production of wax and grease.
Competitive landscape and key vendors
The calcium stearate market comprises of many vendors. These vendors are increasingly competing against each other based on factors such as innovation, operational cost, price, and the quality of the product. Players with better financial, technological, and other resources are able to compete against their competitors. Furthermore, to mark their presence in the metallic stearate market, these vendors are expanding to different geographical regions along with production facilities.
Key vendors in this market are -
Mittal Dhatu Rashayan Udyog
SEOUL FINE CHEMICAL
Other prominent vendors in the market include ALLAN CHEMICAL, Baerlocher, Barium & Chemicals, CELLMARK USA, Corporación Sierra Madre, Dongguan CHNV Technology, Hummel Croton, Norac Additives, and Peter Greven.
Segmentation by end-user and analysis of the calcium stearate market
Personal care and pharmaceutical
Plastic and rubber
Food and others
Calcium stearate is extensively used in the plastic industry to produce polyvinyl chloride (PVC), high-density polyethylene (HDPE), and polypropylene (PP). It is also used as a lubricating agent, an acid scavenger, heat stabilizer, and releasing agent during the manufacturing process of plastics. The segment in the metallic stearate market will continue to be the largest end-user for the next four years because automotive, construction, packaging, electrical and electronics, and several other industries extensively rely on plastics.
Segmentation by geography and analysis of the calcium stearate market
The emerging economies in APAC such as China and India are witnessing growth due to the rapid industrialization and urbanization. The demand for calcium stearate is high in these economic regions due to its non-toxic property and its wide range of applications in different industries. Plastics, rubber processing, food processing, paper, construction, and pharmaceuticals industries use calcium stearate for different functions due to its efficiency and effectiveness.
Key questions answered in the report include
What will the market size and the growth rate be of the global calcium stearate market in 2021?
What are the key factors driving the global calcium stearate market?
What are the key market trends impacting the growth of the global calcium stearate market?
What are the challenges to market growth?
Who are the key vendors in the global calcium stearate market?
What are the market opportunities and threats faced by the vendors in the global calcium stearate market?
What are the trending factors influencing the market shares of the global calcium stearate market in Americas, APAC, Europe, and ROW?
What are the key outcomes of the five forces analysis of the global calcium stearate market?