PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464664
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464664
Metallic Stearates Market size was valued at USD 3,920.83 Million in 2023, expanding at a CAGR of 5.83% from 2024 to 2032.
Metallic stearates, which are metal soaps derived from stearic acid and various alkali metals like aluminum, calcium, magnesium, and zinc, play a crucial role in preventing rubber from adhering to molds and itself. The compounder has discovered multiple ways to capitalize on the physical and chemical attributes of metal stearates. The extensive hydrocarbon chain of stearic acid renders the stearate highly resistant to water, excellent for lubrication, and possessing a relatively high melting point compared to other metallic soaps. These characteristics make it suitable for a wide array of applications, ranging from basic plastic toys to intricate structures across various industries such as polymer & rubber, pharmaceuticals & cosmetics, building & construction, and paints & coatings. The rubber industry has long benefited from the utilization of metallic stearates.
Metallic Stearates Market- Market Dynamics
The growing global plastics and rubber industry along with increasing demand in cosmetics and pharmaceutical applications is anticipated to drive the market growth.
The global expansion of the plastics and rubber industry is likely being driven by factors such as increasing urbanization, industrialization, and consumer demand for various plastic and rubber products. According to the European Tyre and Rubber Manufacturers Association, there are over 6000 companies in Europe that produce rubber goods, with 98% of them being small and medium-sized enterprises (SMEs). These SMEs operate within a highly integrated value chain to meet the specific and often niche needs of their customers. The automotive sector is responsible for 65% of the production of general rubber goods. Additionally, metallic stearates find applications in the pharmaceutical industry. The continuous advancements in manufacturing processes and technologies present growth opportunities for the market. However, economic uncertainties such as trade tensions, geopolitical issues, and economic downturns may hinder the market's growth.
Metallic Stearates Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.83% over the forecast period (2024-2032)
Based on product type segmentation, Zinc Stearate, was predicted to show maximum market share in the year 2023
Based on Form segmentation, Powder was the leading type in 2023
Based on Application segmentation, Plastics was the leading type in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Metallic Stearates Market is segmented on the basis of Product Type, Form, Application, and Region.
The market is segmented into three categories according to product type: Zinc Stearate, Calcium Stearate, Aluminum Stearate, Magnesium Stearate, Lithium Stearate, Sodium Stearate, and Others. Zinc Stearate holds the largest market share. It is widely utilized as a stabilizer during the production of polyvinyl chloride (PVC). The rising PVC demand in construction, automotive, and packaging sectors is consequently fueling the need for zinc stearate.
The market is categorized into two groups according to Form: Powder, Granules, and Other. Powder holds the majority share in the market. Powdered metallic stearates provide a larger surface area compared to their granular or liquid forms. This expanded surface area enables better dispersion and integration into different formulations, making them highly suitable for applications that require uniform distribution.
The market is segmented into two categories according to Application: Plastics, Rubber, Pharmaceuticals, Cosmetics, Building & construction, Paints & coatings, and Others. Plastics lead the market. The utilization of metallic stearates in the plastics sector is extensive and serves a vital function in different phases of plastic processing.
Metallic Stearates Market- Geographical Insights
Geographically, the market is spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The Asia Pacific region dominates the market due to the rapid growth of urban populations and infrastructural development. As urban populations continue to grow, there is an increasing demand for metallic stearates in various sectors. Urbanization drives the demand for products and services such as plastics, rubber, cosmetics, and pharmaceuticals, all of which utilize metallic stearates as additives. In 2021, the urban population of China reached a staggering 885 million people, experiencing a growth rate of 2.0% compared to the previous year. From 2018 to 2021, China's urban population witnessed a significant increase of 6.5%. The highest urban population in China was recorded in 2021 with 885 million people, while the lowest was in 2018 with 831 million people. Looking ahead, Europe is expected to hold the second-largest market share due to the increasing demand in end-use industries.
Various companies in the metallic stearates market offer a wide range of products designed to cater to the specific needs of different industries. Investing in research and development is crucial for staying competitive in this market. These companies work on creating new formulations, enhancing production methods, and discovering new applications to keep up with changing customer demands and market trends. In order to expand their market share and attract new customers, manufacturers of metallic stearates concentrate on broadening their geographical reach through strategic alliances, acquisitions, and investments in production plants and distribution channels. This allows them to better serve customers in various regions.
December 9, 2020 - Norac Additives has joined the membership of the Vinyl Sustainability Council (VSC), a self-funded business council dedicated to promoting sustainability within the vinyl industry. The VSC is delighted to welcome Norac Additives to its esteemed group of members.
The acquisition of Norac Additives has allowed Peter Greven Group, a Germany-based oleochemicals producer, to strengthen its presence in the plastics additives market in North America.
GLOBAL Metallic Stearates MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Dover Chemical Corporation
Valtris Specialty Chemicals
Peter Greven GmbH & Co. KG
Baerlocher GmbH
Faci S.p.A
Norac Additives
Sun Ace Kakoh (Pte.) Limited
PMC Biogenix, Inc.
James M. Brown Ltd.
Nimbasia Stabilizers LLP
Marathwada Chemicals
Seoul Fine Chemical Ind. Co., Ltd.
IRRH Specialty Chemicals India Limited
Akrochem Corporation
Others