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Metallic Stearate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2024

Author : Ravi Chawat | Published Date : 2021-09-07 

Metallic Stearate Market should surpass USD 7 Billion by 2024; according to a new research report.

Rising demand from diverse end use industries are anticipated to drive metallic stearate market growth. Zinc, calcium, aluminum, and magnesium are most commonly used stearates. They are of high commercial importance owing to their lubricating, gelling, stabilizing and water repellence properties. They are produced using vegetable oils which is an organic raw material.

Metallic stearate market from polymer application is estimated to surpass USD 1.5 billion in 2024 owing to increasing demand from Asia-Pacific region, as it is a hub for polymers & rubbers processing industry. These products are used in fiberglass reinforced polyesters, polyolefin, polystyrene phenolic resins & compounds, and PVC. Growing polymer industry is expected to lead to an increase in metallic stearates demand.

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Metallic stearates are derived from industrial grade of stearic acid, and is prepared through two methods, reaction of metal oxides with molten fatty acids and double decomposition method. Volatile raw material prices including vegetable oils and petrochemicals along with rising incidences of toxicity and hazards associated with production might hinder industry growth. Recent development of using bio-based products with increasing focus on R&D concerning product innovation should generate lucrative opportunities for product.

Metallic stearate market from cosmetic industry application should surpass USD 1 billion owing to its inherent characteristics of colour stability, binding ability, versatility, and thickening. The hydrophobic nature of the product helps powder form from absorbing water and thus from forming agglomerates. These products are used in lip colors, eyeliners, shampoos, sun protective lotions, ointments. Dosage used are relatively low ranging from 0.05 to 1%. These properties enhance shelf life of products which in turn should boost market growth.

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Germany aluminum stearate industry should generate revenues up to USD 65 million by 2024. This growth in can be ascribed to presence of strict ecological protection policies accompanied by growing consumer awareness. Existence of major producers in region and their striding drive for product revolution would strengthen regional industry growth.

Global metallic stearate market share is moderately fragmented and highly competitive with key manufacturers including PMC Biogenix, Baerlocher GmbH, Sinwon Chemical, Dover Corporation, Allan and Valtris Chemicals. Companies focus in expanding their marketing network by evolving strategic alliances through mergers & acquisition, partnership and joint ventures. Rising investment in R&D by manufacturers for product innovation also strengthens market penetrability.

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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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