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Metallic Stearate Market to Achieve Considerable Growth In 2024, APAC To Remain A Dominant Growth Avenue

Author : Ronak Bora | Published Date : 2019-08-08 

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.

In 2017, leading specialty chemical manufacturing company, Peter Greven disclosed its plan to extend its reach across U.S. with the acquisition of Norac Additives LLC. This acquisition will help the German oleochemical producer to strengthen its position in North America metallic stearate market pertaining to the value addition to its plastic additives and metallic soaps manufacturing portfolio. Reportedly, with the ever-increasing economic development and surge in the investment in healthcare infrastructure across U.S., this German company will gain commendable benefits ahead in metallic stearate market.

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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 metallic stearate market growth.

The global metallic stearate market has been the recipient of several mergers and acquisitions lately, owing to the remarkable upsurge in the requirement of various metallic stearates. Companies partaking in this vertical, it has been observed, have now been looking forward to enhancing their regional reach by investing in capacity expansions as well. The overall growth of the metallic stearate industry however, can be aptly attributed to the rising product demand across the cosmetics, plastics & coatings, and food industries. In line with the surging product demand, companies have been adopting newer growth tactics to sustain in the competitive business space and consolidate their stance in the industry.

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.

Metallic stearate market from rubber industry would have significant gains up to 4.5 % in the projected timeframe. They are utilized as mold release agents, acid scavengers, and lubricants which enhances the surface of rubber product. Dry metallic stearates have usage as release agents for rubber, as they avoid it from sticking to mold which should propel industry size.

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.

 

Glimpse of Table of Content (ToC)

Chapter 3   ; Metallic stearate market Insights

3.1    Metallic stearate market segmentation

3.2    Metallic stearate market landscape, 2013 – 2024

3.3    Metallic stearate market ecosystem analysis

3.3.1    Distribution channel analysis

3.3.1.1    Collaborations/Partnerships

3.3.1.2    Distributors

3.4    Regulatory landscape

3.4.1    North America

3.4.1.1    FDA

3.4.2    Europe

3.4.2.1    Food contact regulations

3.4.2.2    EC Directives on packaging and packaging waste

3.4.3    China

3.4.3.1    NHFPC

3.5    Raw material analysis

3.6    Technology landscape

3.6.1    Precipitation (Double Decomposition) reaction

3.6.2    Direct reaction

3.6.3    Fusion process

3.6.4    AV process

3.7    Growth drivers

3.7.1.1    Asia Pacific: Increasing metallic stearate usage as an additive in rubber and food industry

3.7.1.2    Europe: Increasing metallic stearate usage in cosmetics and personal care products

3.7.2    Industry pitfalls & challenges

3.7.2.1    Early expiration of pharmaceutical drugs owing to improper blend of metallic stearates

3.8    Growth potential analysis, 2017

3.9    Emerging business model

3.9.1.1    New product launch

3.9.1.2    Acquisition

3.10    Porter’s analysis

3.11    Competitive landscape, 2017

3.12    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/metallic-stearate-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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