Over the years, industrialization in major parts of the world has evolved at a tremendous level, enduring various technological advancements and the adoption of critical strategies that help generate faster revenue growth. Between 1995 and 2014, developing countries witnessed a gradual rise in their share of global industrial output, accounting for 25 percentage points in the world manufacturing value addition factor.
Various industrial sectors such as polymers & plastics, rubber, pharmaceuticals, and construction have witnessed drastic changes in terms of technology and product offerings. With the adoption of various industrial tools, manufacturers are now strategizing on improving their product efficiency.
Metallic stearates is one such tool companies have been considering in their production processes to enhance product quality and features. Various companies are developing and selling metallic stearates for various end-use industries such as plastic and rubber, globally, to manufacture high quality and sustainable products.
Revenue generated from metallic stearates market is estimated to be valued at US$ 2,125.3 Mn by the end of 2018, and is expected to increase at a CAGR of 4.1% over the forecast period. The global metallic stearates market is expected to be valued at US$ 3,178.0 Mn by the end of 2028. In term of volume, the metallic stearates market is anticipated to expand at a CAGR of 3.8% during the forecast period. The metallic stearates market is estimated to represent an incremental $ opportunity of US$ 1,127.8 Mn over the forecast period.
Metallic Stearates: Overview
Metallic stearates are defined as composites of fatty acids with metal oxide, though some stearates are not soluble in water. Metallic stearates possess several critical properties, which sight large-scale application in various industrial sectors, such as lubricating agents, separating properties, stabilizing effect, gelling capacity, water repelling agents, and defoamers.
In the plastic industry, metallic stearates are primarily being used as acid scavengers, lubricants, and releasing agents. The application of metallic stearates allows processors to produce finished products with much smoother surfaces and comparatively low friction.
Taking into account the outstanding lubrication and release properties of metallic stearates, it provides immense scope for the product in pharmaceutical and cosmetic industry application. The lubricating properties of metallic stearates are used on a large scale in dragee preparation and tablet pressing. Moreover, metallic stearates are used in various cosmetic products such as shampoos, eyeliners, lipsticks, sun protective lotions, medicated ointments, body and foot powders, and many more.
Metallic stearates find themselves in various industrial sectors. In the textile industry, metallic stearates are applied for dry impregnation and antistatic agents. In the ink industry, metallic stearates are utilized as swelling and suspension aids for other additives such as pigments. Metallic stearates are also being used as suspension agents for the production of waxes and liquid wax compounds. In the metal-processing industry, metallic stearates are used as lubricants, release agents, and dry film lubricants.
The global metallic stearates market is segmented as product type, application, and region. By product type, the metallic stearates market is segmented into zinc stearate, calcium stearate, magnesium stearate, aluminium stearate, and others.
Among all the product type segments, the zinc stearate segment is estimated to account for 40.0% of the market share in the overall global metallic stearates market in 2018, due to its stabilizing and processing aid properties in a wide range of thermoplastics applications. Based on application, the global metallic stearates market is segmented into polymers and plastics, rubber, pharmaceuticals, personal care and cosmetics, construction, paints and coatings, and others.
Among all the applications, the pharmaceuticals segment is estimated to expand at a relatively higher CAGR of 3.9% in the overall global metallic stearates market during the forecast period. Owing to the unique properties of metallic stearates such as excellent lubrication, releasing properties, thixotropic effect, and capacity of gelation, they are widely used in the pharmaceutical industry.
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Analysis by Region
On the basis of region, China is anticipated to dominate the global metallic stearates market in 2018. North America is expected to gain significant market share in revenue terms by 2028 end. China is estimated to account for 30.3% of the market share in the overall global metallic stearates market in 2018.
Some of the major companies operating in the global metallic stearates market are 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., Baerlocher GmbH, and others.
Key Segments Covered
By Product Type
- Zinc Stearate
- Calcium Stearate
- Magnesium Stearate
- Aluminium Stearate
- Others (Sodium Stearate, Berium Stearate, etc.)
- Polymers & Plastics
- Personal Care & Cosmetics
- Paints & Coatings
Key Regions/Countries Covered
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa