Metallic Stearates Market: Global Industry Analysis and Forecast (2022-2029)

Metallic Stearates Market size is expected to reach nearly US$ 4.53 Bn. by 2029 with the CAGR of 5.1% during the forecast period.

Global Metallic Stearates Market report is an extensive study of the industry, market, and key players. The report aims to define and analyze market sizes, trends, dynamics, and recent developments in several segments and countries in the previous years and forecast 2021-2029. The report has analyzed the market in qualitative and quantitative ways of the industry in different regions and countries across the globe. The report also highlights drivers, restraints, opportunities, and challenges with detailed analysis responsible for the future growth of the metallic stearates market.

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Metallic Stearates Market Overview:
The global metallic stearates market size was valued at US$ xx Bn. in 2021, and it is expected to grow US$ 4.11 Bn. with a CAGR of 5.1 % during the forecast period.

Metallic stearates are the combination of fatty acids with oxides of metal. Some stearates are not water-soluble. Metallic stearates have vital properties like defoaming, lubricating agents, water resisting agents, and separation agents. These metallic stearates are used as lubricating agents, acid collectors, and releasing agents in the plastic and rubber industries. The use of metallic stearates permits processors to manufacture well-finished products with smooth surfaces and low friction. The supply of metallic stearates to different industries depends on the grades and compositions of these materials.

Metallic stearates have wide industrial applications. They are used in cosmetics products like body and foot powder, medicated ointments and lotions, lipsticks, eyeliners, sunscreen lotions, shampoos, and many more. In the pharmaceutical industry, they are used as lubricating agents for drug preparation and pressing tablets. In the textile industry, they are used as antistatic agents and for dry impregnation. During the production of waxes and liquid wax compounds, they act like suspension agents. Metallic stearates are also used in metal processing industries for lubrication purposes.

COVID–19 Influence on Global Metallic Stearates Market:

During the COVID-19 pandemic, the global metallic stearates market saw a slack momentum, but it is expected to acquire the market in the upcoming years thanks to the latest trends in the market. The report has covered a detailed analysis of short term and long term effects of the COVID-19 pandemic about each segment of the global Metallic Stearates market including a plan of various governments across the globe to support the market, the effect of a pandemic on major key players, expected period for rising demand and supply in the industry, and other important factors.

Key Trends:

The plastic industry is a dominating segment. The need for plastic is increasing because of its growing use in different end-user industries like aerospace, automotive, packaging, and many more. Metallic stearates like Zinc Stearate and Calcium stearate are mostly used in the plastic industry. Increasing applications of plastic across the globe are expected to drive the growth of the metallic stearates market. They are used as lubricating agents, acid collectors, and mold release agents in the plastic industry. The benefit of using metallic stearate improves the surface finishing of products providing smooth texture with low friction during melt processing. Therefore, the use of metallic stearate in the manufacturing and processing of various components is expected to boost the market's growth. The metallic stearate is also used in polymers like Polyethylene, Polypropylene, Polystyrene, Polyamide, Polyvinyl Chloride, and many more. Thus, the increasing demand for polymers in different applications is expected to create vital opportunities for the growth of the metallic stearates market.
Metallic Stearates Market Dynamics:
The metallic stearates are used as lubricating agents, mold release agents, and acid collectors. Using these materials improves the quality of plastic, rubber, and polymer products by providing smooth texture with low friction. Thus, increasing demand for rubber, polymer, and plastic products is expected to boost the growth of the metallic stearates market during the forecast period. In the pharmaceutical industry, metallic stearates are used as a lubricating agent while preparation of drugs and tablets pressing. The growing health issues consistently across the globe have increased the production of drugs and tablets. Thus, directly the need for metallic stearates for pharmaceutical industries is rising, providing the market growth.

The health hazard of the use of metallic stearates along with the outbreak of the COVID-19 pandemic is expected to limit the growth of metallic stearates market to a certain extent.

The research carried out in metallocene about the impact of metallic stearate antacid for the melt stabilization of phosphite or phenolic antioxidants are expected to create opportunities for the global metallic stearates market during the forecast period.

The presence of impurities like fatty acids and the unshaped market while producing different grades and compositions of metallic stearates, as per the requirement of industries, is expected to challenge the market growth during the forecast period.
Metallic Stearates Market Segment Analysis:
Based on Product, the global Metallic Stearates market is segmented into five types as follows, zinc stearate, calcium stearate, magnesium stearate, aluminum stearate, and others (sodium stearate, barium stearate, etc.)

In 2021, Zinc stearate was dominant, holding 42% of the overall market share thanks to its properties like lubricity, sharp melting point, water resistance, and insoluble in polar solvents. The increasing need from various industries like cosmetic, pharmaceutical, plastic, rubber, and polymer respectively led Zinc stearate to observe huge demand than any other type of metallic stearates. The report has also covered a detailed analysis of each product.

On the basis of Application, the global Metallic Stearates market is segmented into seven types as follows, plastic and polymer, rubber, pharmaceuticals, personal care and cosmetics, construction materials, paints and coatings, and others.

In 2021, the pharmaceuticals segment was dominant holding xx% of the overall market share, and it is expected to continue its dominance by growing at a CAGR of 3.8% during the forecast period thanks to vital properties of metallic stearates like lubrication, gelling capacity, the thixotropic effect, and mold release. The report has also covered a detailed analysis of each application.
Global Metallic Stearates Market Regional Insights:
In 2021, China was dominant, holding approximately 30.2% of the overall market share. There has been a continuous demand for metallic stearates from various industries like polymer, plastic, rubber, paints and coatings, construction and materials, and pharmaceutical and cosmetics. Thus, Asia Pacific is experiencing vital demand and is expected to continue its dominance during the forecast period. The growing industrial operations and economic growth in the regions of countries like India, China, Indonesia and more are boosting the market growth of metallic stearates in these regions. Along with that rising population demanding high-quality cosmetic products and pharmaceutical products have also fueled the growth of the metallic stearates market in the Asia Pacific regions.
North America is expected to hold a vital market share by 2029. The report has also covered a detailed analysis of each region.

The objective of the report is to present a comprehensive analysis of the global Metallic Stearates market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Metallic Stearates market dynamics, structure by analyzing the market segments and project the global Metallic Stearates market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Metallic Stearates market make the report investor’s guide.
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Global Metallic Stearates Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 3.04 Bn.


Forecast Period 2022 to 2029 CAGR:
5.1%
Market Size in 2029:
US $ 4.53 Bn.


 Segments Covered:
by Product
• Zinc stearate
• Calcium stearate
• Magnesium stearate
• Aluminium stearate
• Others


by Application
• Plastic and Polymer
• Rubber
• Pharmaceuticals
• Personal care and Cosmetics
• Construction and Materials
• Paints and Coatings
• Others


by Form
• Powder
• Granules
• Others



Metallic Stearates Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Metallic Stearates Market Key Players
• Baerlocher GmbH
• Peter Greven GmbH & Co. K.G.
• Valtris Specialty Chemicals
• Dover Chemical Corporation
• Lumega Industries
• Sun Ace Kakoh (Pte.) Ltd.
• IRRH Specialty Chemicals Co. Ltd.
• James M. Brown Ltd.
• Marathwada Chemical Industries Pvt. Ltd.
• FACI S.P.A.
• Nimbasia Stabilizers
• P.M.C. Biogenix Inc.
• Seoul Fine Chemical Ind. Co. Ltd.
• Norac Additives
• PROMAX Industries ApS
• WSD Chemical Limited
• Univar Solutions
• Tianjin LangHu Chem Co. Ltd.
• Sinwon Chemical Co. Ltd.
• Mittal Dhatu Rasayan Udyog
• Hangzhou Oleochemicals
• Evergreen Industries
• Dainichi Chemical Industry Co. Ltd.
• Anhui Shafeng
• Akrochem Corporation
• Others
Frequently Asked Questions:
1. What is the forecast period of the metallic stearates market?

Ans. The forecast period of the Metallic Stearates market is 2021-2029.

2. Which key factors are hindering the growth of the metallic stearates market?

Ans. The health hazard of the use of metallic stearates and the COVID-19 pandemic are the key factors expected to hinder the growth of the metallic stearates market during the forecast period.

3. What is the compound annual growth rate (CAGR) of the metallic stearates market for the next 6 years?

Ans. The global metallic stearates market is expected to grow at a CAGR of 5.1% during the forecast period (2021-2029).

4. What are the key factors driving the growth of the metallic stearates market?

Ans. Increasing demand from polymer, plastic, rubber, and pharmaceuticals industries for metallic stearates is expected to boost the growth of the metallic stearates market during the forecast period.

5. Which are the major key players of the metallic stearates market worldwide?

Ans. The major key players of the Metallic Stearates market across the globe are as follows, Baerlocher GmbH, Peter Greven GmbH & Co. K.G., Valtris Specialty Chemicals, Dover Chemical Corporation, Lumega Industries, Sun Ace Kakoh (Pte.) Ltd., IRRH Specialty Chemicals Co. Ltd., James M. Brown Ltd., Marathwada Chemical Industries Pvt. Ltd., FACI S.P.A., Nimbasia Stabilizers, P.M.C. Biogenix Inc., Seoul Fine Chemical Ind. Co. Ltd., Norac Additives, PROMAX Industries ApS, WSD Chemical Limited, Univar Solutions, Tianjin LangHu Chem Co. Ltd., Sinwon Chemical Co. Ltd., Mittal Dhatu Rasayan Udyog, Hangzhou Oleochemicals, Evergreen Industries, Dainichi Chemical Industry Co. Ltd., Anhui Shafeng, Akrochem Corporation, and others.