China Metal Stearates Market holds more than 35% of the global market and is expected to maintain its dominance through 2028. Polymers and plastics are expected to drive 32% of metal stearates demand. The United States is expected to gain a major market share of over 25% in terms of revenue by 2028 for the metal stearates market.
NEWARK, Del., September 2, 2022 /PRNewswire/ — The global market for metallic stearates is expected to reach a valuation of US$3,178.0 millionwith sales growing at an average CAGR of 4.2% over the forecast period from 2022 to 2028. Scaling from a value of US$2,397.95 million In 2021, the Metal Stearates Market is Expected to Reach Estimate US$2,478.4 million in 2022. Increased adoption of metal stearates across various end-use industries like pharmaceuticals, plastics, and construction will propel the market over the projected period.
Composites of fatty acids with metal oxides are categorized as metal stearates. Although some stearates are not soluble in water, all metal stearates have many essential properties such as gelling ability, stabilizing effects, separating properties, etc., which culminate in their wide range of applications. across various industry verticals. These stearates are used as water repellents, lubricants, defoamers and many others. Metal stearates are gaining popularity in the plastics industry where they are used as lubricants, acid scavengers and mold release agents. Metallic stearates help the processor produce a product with a better finish, smoother surfaces and relatively low friction.
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In addition, the improved lubricating and releasing properties of metal stearates guarantee considerable reach for the product in the pharmaceutical and cosmetic industry. Shampoos, eyeliners, lipsticks, suntan lotions, medicated ointments, and body and foot powders, among others, contain metallic stearates. In the pharmaceutical sector, metal stearates are widely used in tablet pressing and drug preparation. Some of the other applications of metallic stearates are as antistatic agents in the textile industry, as a swelling and suspending aid in the ink industry, and as lubricants and mold release agents in the metal industry. All these numerous applications of the product support a positive market environment for metallic stearates over the forecast period.
“Growing adoption of metallic stearates across industry verticals like plastics, chemicals, pharmaceuticals, construction, and many more will likely boost the outlook for the metallic stearates market during the period of forecast,” said an IMF analyst.
Key points to remember:
- Opportunities in the textile industry to sustain market growth over the forecast period.
- China is expected to dominate the market space over the forecast period, accounting for over 30% of the global market share.
- Escalation in research and development activities is expected to fuel the growth of the market in the United States
- Based on product type, zinc stearates are expected to see strong demand over the review period.
- Based on end-use, the polymers and plastics industry will dominate the market over the forecast period.
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Akrochem Corporation, Valtris Specialty Chemicals, PROMAX Industries ApS, Peter Greven GmbH & Co. KG, Univar Inc., Biogenix, Inc., Faci SpA, Dover Chemical Corporation, Sinwon Chemical Co., Ltd. and Baerlocher GmbH, among others, of the major players of the Metal Stearates market presented in the comprehensive version of the report.
The major players in the market are focusing on the quality and the right manufacturing process of the product to boost their presence in the market. These organizations also use competitive pricing tactics to strengthen their market position.
More information about the Metal Stearates market report
In its latest report, FMI offers an unbiased analysis of the global Metal Stearates market, providing historic data from 2013 to 2021 and forecast statistics from 2021 to 2031. To understand the potential, growth, and scope of the global market, the market is segmented on the basis of product type (zinc stearate, calcium stearate, magnesium stearate, aluminum stearate, others (sodium stearate, barium stearate, etc.), application (metal stearate for polymers and plastics, metal stearate for the rubber industry, metal stearate for the pharmaceutical sector, metal stearate for the personal care and cosmetics industry, metal stearate for the construction industry, metal stearate for the industry paints and coatings), and region.
According to the latest IMF reports, based on the region, China The metal stearate market is expected to dominate the market over the forecast period. The metal stearate market in China should acquire more than 30% of the global market share. The expansion of the manufacturing industry, the increase in construction activities and favorable government initiatives explain this impressive growth.
In The United States of America, the metal stearate market is expected to show considerable growth over the assessment period. The region will likely account for 25% of the overall market share. The growing strong presence of the cosmetics and pharmaceuticals industry, coupled with increasing research and development activities, is driving the growth of the regional market over the assessment period.
Based on the segmentation, by product type, zinc stearate segment is expected to register increased demand while plastics and polymers industry segment will witness the largest product application.
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Key segments covered by the Metal Stearates industry survey
Metal Stearates by Product Type
- zinc stearate
- Calcium Stearate
- Magnesium Stearate
- Aluminum stearate
- Others (sodium stearate, barium stearate, etc.)
Metal Stearates by Application
- Polymers and plastics industry
- rubber industry
- Pharmaceutical industry
- Personal care and cosmetics industry
- construction industry
- Paints and coatings industry
Metal Stearates Market by Region
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa (SOUL)
1. Table of Contents
2. Executive Summary
2.1. Global Market Outlook
2.2. Sector analysis
2.3. Regional Value and Volume Analysis
2.4. Demand Side Trends
2.5. Supply-side trends
2.6. Analysis of the technology roadmap
2.7. Key factors to deliver competitive advantage
2.8. Analysis and recommendations
3. Market Overview
3.1. Market Taxonomy
3.2. Market definition
4. Key Market Trends
4.1. Key trends impacting the market
5. Key success factors
5.1. Product adoption analysis
5.2. Strategic promotional strategies
5.3. Technological innovation
To be continued…!
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