New York, United States , July 24, 2023 (GLOBE NEWSWIRE) -- The Global Metallic Stearates Market Size to grow from USD 4.5 Billion in 2022 to USD 5.9 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period. Due to polymers' distinctive qualities, such as their durability, high strength, flexibility, and light weight nature, their application has significantly increased across a variety of end use sectors in recent years
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Compounds known as metallic stearates are composed of long-chain fatty acids and metals, with the bulk of the composition consisting of stearic acid and various metal salts. They are often used in industrial applications because of their particular characteristics and versatility. The metals calcium, zinc, magnesium, and aluminium are the ones that make up metallic stearates most commonly. In most cases, metallic stearates are created when stearic acid combines with metal oxides, hydroxides, or carbonates. The resulting compounds are powders or waxy solids with various characteristics, depending on the specific metal used. Several industrial processes, such as the production of polymers and plastic extrusion, employ metallic stearates as foam suppressants. By halting the creation of unwanted foam, they aid in preserving product quality.
Due to polymers' distinctive qualities, such as their durability, high strength, flexibility, and light weight nature, their application has significantly increased across a variety of end use sectors in recent years. In sectors including packaging, automotive, construction, and electronics, polymer demand is rising. The need for metallic stearates, which are recognised to be important additives in the synthesis of polymers, has increased along with the demand for polymers. In the manufacturing of polymers, metallic stearates are frequently utilised as stabilisers, lubricants, and release agents. This increases the effectiveness and quality of the polymers. For instance, metallic stearates are added to polyvinyl chloride products to enhance both their mechanical and processing properties.
The government's stringent environmental laws are impeding the expansion of the world market for metallic stearates. Due to the health and environmental risks associated with metallic stearates, several nations have enacted strict regulations governing their use. The cost is the raw materials required to make metallic stearates. Due to diverse supply and demand dynamics, shifting trade regulations, and geopolitical events, lime metal oxides and stearic acid are vulnerable to a variety of swings.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on, "Global Metallic Stearates Market Size, Share, and COVID-19 Impact Analysis, By Product (Zinc, Calcium, Aluminium), By Application (Plastics, Rubber, Pharmaceutical, Cosmetics), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here:
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Product Insights
Zinc segment is dominating the market with the largest market share over the forecast period.
On the basis of product, the global metallic stearates market is segmented into zinc, calcium, aluminium. Among these, zinc segment is dominating the market with the largest market share over the forecast period. It can dissolve chlorinated and aromatic hydrocarbons but not polar solvents like ether and alcohol. Zinc stearate is the most effective mould releasing agent since it lacks an electrolyte and has a hydrophobic agent. They act as lubricants and release agents in the plastic and rubber industries.
Calcium stearate segment, on the other hand anticipated to witness the fastest market growth over the forecast period. Calcium stearate is often used in the production of plastics and rubber as a lubricant and release agent. It improves the processing flow properties of the materials and prevents them from sticking to moulds or other equipment. It performs the function of an excipient in the formulation of medications. Calcium stearate serves as a lubricant and anti-adherent during the manufacture of tablets, permitting the easy release of the tablets from the punches or dies.
Application Insights
Plastics segment accounted the largest market share over the forecast period
Based on the application, the global metallic stearates market is segmented into Plastics, Rubber, Pharmaceutical, Cosmetics. Among these, plastics segment accounted the largest market share over the forecast period. Metallic stearates are generally used as lubricants, acid scavengers, and release agents in the plastics industry. Additionally, it is crucial to the melting process. Businesses may increase efficiency by designing items with fewer rough edges and less friction.
Rubber, on the other hand is anticipated to witness the fastest market share over the forecast period. In particular rubber applications where foaming is necessary, metallic stearates can be used as foam stabilisers. They aid in regulating the size, homogeneity, and stability of foam cells, which improves foam structure and performance in products including foam rubber sheets, seals, and gaskets.
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Asia Pacific is dominating the market with the largest market share over the forecast period.
Asia Pacific holds the highest market share over the forecast period. It is anticipated that factors like producers expanding their regional footprint in the Asia-Pacific region and the accessibility of cheap labour would boost market development in the area. Additionally, metallic stearate is being used more and more in the personal care industry as a thickener and non-gelling lubricant. Due to its application in shampoos, sunscreen lotions, medical ointments, deodorants, fragrances, and hair and skincare products, the market for metallic stearate is expanding.
North America, on the other hand, is expected to witness the fastest market share over the forecast period. Prices have increased in countries like the United States and Canada due to the great demand for the chemical from the pharmaceutical and cosmetic industries. Rising R&D activities in the domain of metallic stearates to produce useful products for use in commercial sectors are predicted to increase regional product demand in the next years.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Companies Covered: DOVER CHEMICAL CORPORATION, Baerlocher GmbH, FACI SAP, Peter Greven GmbH & Co. KG, Valtris Specialty Chemicals, Norac Additives LLC, Sun Ace Kakoh (Pte.) Ltd, PMC Group, Inc., James M. Brown Ltd., Nimbasia, Marathwada Chemicals, Lumega Industries, IRRH SPECIALTY CHEMICALS INDIA LIMITED, PROMAX Industries ApS, SEOUL FINE CHEMICAL IND. CO., LTD., BELIKE, GOLDSTAB ORGANICS PVT LTD, Synergy Poly Additives Pvt. Ltd., Mallinckrodt, Himstab, LLC and Among Others.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Metallic Stearates Market based on the below-mentioned segments:
Metallic Stearates Market, Product Analysis
- Zinc
- Calcium
- Aluminium
Metallic Stearates Market, Application Analysis
- Plastics
- Rubber
- Pharmaceutical
- Cosmetics
Metallic Stearates Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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