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APAC Metallic stearate market to witness increased traction from rubbers and polymers processing sector

Author : Ravi Chawat | Published Date : 2020-10-20 

Metallic stearate market forecast is slated to be positively affected due to exponential polymer applications across the Asia-Pacific region. In fact, metallic stearate market share from polymer usage is expected to rise above USD 1.5 billion by 2024 due to the growing demand from the APAC.

The APAC region is a hub for rubbers and polymers processing sector. The rubber and polymer products are utilized in fiberglass reinforced polyesters, polystyrene phenolic compounds & resins, polyolefin as well as PVC. The region’s vastly developing polymer sector is further anticipated to lead to a substantial rise in demand for metallic stearates.

North America market, led by Mexico, the U.S. as well as Canada, would be depicting momentous gains in the metallic stearate market growth graph. The North America metallic stearate market size is projected to record gains of more than 4% over 2018-2024.

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The North America market is considered to be the largest market segment with regards to revenue. In these countries, including the U.S., presence of substantial base of manufacturing segments that incorporate metallic stearate is expected to accelerate regional demand for metallic stearate. Moreover, with increasing infrastructure as well as economic strength, the region is would eventually witness boost in demand, leading to the market growth.

Overall, the growth rate across North America market due to the presence of a greater number of manufacturing industries that use metallic stearate, rising demands across APAC region due to its rubbers and polymers sector and the lucratively expanding cosmetic sector that uses polymers will eventually enable the global metallic stearate market valuation to surpass USD 7 billion by 2024.

Metallic stearate market size from polymer segments will garner over USD 1.5 billion by 2024. The products from these are generally used in polyolefin, fiberglass-reinforced polyesters and polystyrene phenolic resins & compounds as well as PVC. Growth in the polymer industry will induce the demand for metallic stearates in the forthcoming years.

Globally, metallic stearate market size is anticipated to cross US$7 billion in yearly valuation by 2024. Mentioned below are some of the factors likely to impact the industry share over the coming years.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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