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The Global Metallic Stearate Market size is estimated to grow by USD 1,307.57 million between 2022 and 2027 exhibiting a CAGR of 5.61%. Metallic stearates are compounds that consist of a long-chain fatty acid, such as stearic acid, and a metal ion. These metal ions can include calcium, magnesium, zinc, and aluminum, among others. These elements are commonly used as additives in various industries, including plastics, rubber, cosmetics, and pharmaceuticals. These can act as lubricants, release agents, stabilizers, and anti-caking agents, depending on their specific properties and applications.
The growth of the market depends on several factors such as the increasing demand for these stearate from end-user industries, the growing demand for PVC stabilizers, and the growing demand for pharmaceutical excipients. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand from end-user industries is a major factor driving the market growth. The demand for metallic stearate has been steadily rising, fueled by various industries like plastics, rubber, construction, and pharmaceuticals. In the plastics sector, metallic stearate is used to enhance quality and performance due to its lubrication, heat stabilization, and anti-blocking properties.
The rubber industry benefits from its dispersing and processing aid functions. In construction, this stearate is utilized in paints, coatings, and cement as a surface conditioner, defoamer, and water-repellent. Pharmaceutical applications rely on the stearate as a lubricant and glidant for tablet and capsule production. With these industries' growth, the global market is expected to thrive during the forecast period.
Increasing awareness toward eco-friendly products is a major trend shaping the market. Consumers' increasing environmental consciousness is driving a demand for sustainable and eco-friendly products, including lubricants and additives. Traditional lubricants containing harmful chemicals have raised concerns about environmental contamination. In response, manufacturers are producing biodegradable stearates derived from natural sources like vegetable oils, reducing the ecological impact.
The plastics industry is also focusing on sustainable additives to address plastic waste issues. Eco-friendly additives enhance the recyclability and biodegradability of plastics. The cosmetics and personal care industry is witnessing a shift towards eco-friendly formulations, replacing toxic stearates with safer alternatives like zinc or magnesium stearates. These trends are expected to drive the growth of the global market during the forecast period.
Volatility in raw material prices is a major challenge in the market. The global market is strongly impacted by the fluctuations in raw material prices, particularly metal oxides and stearic acid, used in production. Supply and demand dynamics, government policies, and macroeconomic conditions contribute to price volatility. For instance, shortages of minerals like zinc oxide, calcium oxide, and aluminum oxide can raise prices, while oversupply may lower them.
Government-imposed restrictions on exports or imports can also affect availability and prices. Changes in exchange rates and inflation further influence raw material costs. Manufacturers must closely manage these price fluctuations through strategies like long-term supply contracts, hedging, or seeking alternative sources to ensure profitability. Such factors may potentially hinder the market's growth during the forecast period.
This market report extensively covers market segmentation by application (plastics, rubber, pharmaceuticals, cosmetics, and others), formulation (powder, granules, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).
The plastics segment is estimated to witness significant growth during the forecast period. The stearates possess properties like lubrication, stabilizing effect, and anti-blocking properties which make them ideal as additives in various plastic production processes. One of its key applications is a lubricant which helps reduce friction between the plastic particles and the processing equipment during molding. For instance, zinc stearate serves as a lubricant and allows for smooth flow, and increases processing speed in polyvinyl chloride (PVC) plastisol production.
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The plastics segment was the largest segment and was valued at USD 1,097.17 million in 2017. The anti-blocking property of the stearates also makes them useful to prevent plastic films or sheets from sticking together when stored. This is vital in packaging where products must not be damaged while unwrapping or separating films. They also serve as stabilizers and prevent oxidative degradation of polymers caused by heat, light, or oxygen exposure. This ensures that the strength and flexibility among other properties of the plastic are retained. Hence such factors will boost the growth of this segment of the market during the forecast period.
APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The APAC region plays a significant role in the global market due to its robust industrialization and growth in various end-user industries. The thriving plastics industry is a major driver for the demand in APAC, with zinc and calcium stearates being widely used as lubricants and release agents in plastic processing. APAC's construction boom has increased demand for paints and coatings, where they act as anti-settling agents and gloss enhancers. The region's growing rubber industry relies on the stearates, especially zinc stearate, as vulcanization activators and processing aids. Additionally, the rising pharmaceutical and cosmetic sectors in APAC fuel demand for stabilizers, emulsifiers, and lubricants. As disposable incomes and lifestyle changes accelerate, APAC remains a key hub for consumption.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
PMC-group- The company offers metallic stearate solutions such as 132 Powder, 22 Powder, 22 Veg Powder, and EA FG Powder.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Baerlocher GmbH, Corporacion Sierra Madre SA de CV, Dainichi Chemical Industry Co. Ltd., Dover Chemical Corp., eChem Ltd., FACI Corporate S.p.A., Ferro Corp., Himstab LLC, Hummel Croton Inc., James M. Brown Ltd., Mallinckrodt Plc, Marathwada Chemicals, Nimbasia Stabilizers, Peter Greven GmbH and Co. KG., PMC Group Inc., Sun Ace Kakoh Pte Ltd., Univar Solutions Inc., and Valtris Specialty Chemicals
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Global Market thrives on R&D activities focusing on precipitation and double decomposition, analyzed through techniques like X-ray diffraction and SEM microscopy. These stearates serve various industries, acting as acid scavengers, mold release agents, and hydrophobic agents. They find applications in plastics like PE, PP, PS, PA, and ABS, sourced from palm kernel, coconut, sunflower, rapeseed, and soybean oils, as well as animal fats. Industries such as construction, paint, rubber, cosmetics, and pharmaceuticals utilize metallic stearates for various purposes, including anti-caking additives, greases, and surfactants, notably aluminum stearate. The Asia Pacific region serves as a significant market for these products, meeting demands across diverse sectors.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Metallic Stearate Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.61% |
Market growth 2023-2027 |
USD 1,307.57 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.95 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Baerlocher GmbH, Corporacion Sierra Madre SA de CV, Dainichi Chemical Industry Co. Ltd., Dover Chemical Corp., eChem Ltd., FACI Corporate S.p.A., Ferro Corp., Himstab LLC, Hummel Croton Inc., James M. Brown Ltd., Mallinckrodt Plc, Marathwada Chemicals, Nimbasia Stabilizers, Peter Greven GmbH and Co. KG., PMC Group Inc., Sun Ace Kakoh Pte Ltd., Univar Solutions Inc., and Valtris Specialty Chemicals |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market growth and trends report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Formulation
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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