Increasing adaption of metallic stearates in end user industries such as pharmaceuticals, construction and plastic is driving the demand for the same. By application, metallic stearates will retain a dominant share in the polymer & plastics industry, yielding 32% revenue until 2031.
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| Metallic Stearates Market Size (2022) | US$ 2,478.4 Mn |
| Projected Market Value (2028) | US$ 3,178.0 Mn |
| Global Market Growth Rate (2022-2028) | 4.2% CAGR |
| Country With Dominant Market Share | China |
Various industrial sectors such as polymers & plastics, rubber, pharmaceuticals, and construction have witnessed dramatic changes in terms of technology and product offerings. This has spurred demand for metallic stearates, with companies incorporating them into in their production processes to enhance product quality. From 2013-2021, the market experienced a CAGR of over 4%.
During the COVID-19 pandemic, prospects witnessed a significant decline, with sales plummeting in the first two quarters of 2020. The imposition of stringent lockdowns led to closure of manufacturing facilities, causing major constraints in the demand-supply equation. Eventually, as the restrictions lifted, prospects began exhibiting a gradual incline.
Various companies are developing and selling metallic stearates for various end-use industries such as plastic and rubber, globally, to manufacture high quality and sustainable products. All these factors have led to metallic stearates market registering a CAGR of 4.2% in the sales indicator period.
Metallic stearates are defined as composites of fatty acids with metal oxide, though some stearates are not soluble in water. Metallic stearates possess several critical properties, which sight large-scale application in various industrial sectors, such as lubricating agents, separating properties, stabilizing effect, gelling capacity, water repelling agents, and defoamers.
In the plastic industry, metallic stearates are primarily being used as acid scavengers, lubricants, and releasing agents. The application of metallic stearates allows processors to produce finished products with much smoother surfaces and comparatively low friction.
Metallic stearates find themselves in various industrial sectors. In the textile industry, metallic stearates are applied for dry impregnation and antistatic agents. In the ink industry, metallic stearates are utilized as swelling and suspension aids for other additives such as pigments. Metallic stearates are also being used as suspension agents for the production of waxes and liquid wax compounds. In the metal-processing industry, metallic stearates are used as lubricants, release agents, and dry film lubricants.
Taking into account the outstanding lubrication and release properties of metallic stearates, it provides immense scope for the product in pharmaceutical and cosmetic industry application. The lubricating properties of metallic stearates are used on a large scale in dragee preparation and tablet pressing. Moreover, metallic stearates are used in various cosmetic products such as shampoos, eyeliners, lipsticks, sun protective lotions, medicated ointments, body and foot powders, and many more.
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Presence of End User Industries Accelerating demand for Metallic Stearates in China?
On the basis of region, China is anticipated to dominate the global metallic stearates market through the forecast period. As China is a developed nation, the number of manufacturing units in the region has increased by leaps and bounds. In addition, the government of the region is talking initiatives for setting up more production units for increasing the revenue of the country.
As metallic stearates are used in end suer industries such as pharmaceutical, plastic and construction, the demand for the same has increased in China. Thus, China is expected to account for more than 30% market share for metallic stearates market in the forecast period.
R&D Activities Spurring Demand for Metallic Stearates in U.S.?
Growing presence of cosmetic and pharmaceutical industry is positively influencing the demand of metallic stearates in the U.S. Furthermore, consumers are actively investing in cosmetic products and medicines for a healthy lifestyle.
In addition, research and development by end user industries for making the maximum use of metallic stearates for various uses is accelerating the demand for the same. Thus, U.S. is expected to gain significant market share of more than 25% in revenue terms by 2028 end for metallic stearates market.
Properties of Zinc Stearates Gaining Popularity Amongst End User Industries?
By product type, the metallic stearates market is segmented into zinc stearate, calcium stearate, magnesium stearate, aluminium stearate, and others. The prominence of zinc stearate has increased due to its stabilizing and processing properties. These properties aid in a wide range of thermoplastics applications.
Furthermore, zinc stearate is an effective separating agent. Moreover, zinc stearate can easily remain stable in extreme high temperatures. Thus, the demand form end industries for zinc stearate is increasing the value of metallic stearate market.
Why is the Polymer and Plastics Industry a Dominant Metallic Stearates End User?
According to FMI, metallic stearates are expected to be most extensively deployed across the polymer and plastics industry, accounting for a market share of 32% from 2022-2028. They are especially used to optimize the production output and produce finished articles with smoother surfaces.
Metallic stearates are particularly deployed to serve as lubrication aids, mould release agents or acid scavengers. Different grades of metallic stearates made from calcium, zinc, aluminum or magnesium are used for multiple purposes. For instance, calcium stearates are used as catalyst neutralizers or lubricants in polypropylene formulations.
Is Excellent Lubrication Influencing Sales of Metallic Stearates in Pharmaceutical Industry?
Based on application, the global metallic stearates market is segmented into polymers and plastics, rubber, pharmaceuticals, personal care and cosmetics, construction, paints and coatings, and others.
Owing to the unique properties of metallic stearates such as excellent lubrication, releasing properties, thixotropic effect, and capacity of gelation, they are widely used in the pharmaceutical industry. Moreover, magnesium stearates is used in the process of capsule making as the lubricant property of magnesium stearate ensures the easy and effective ejection of the capsule.
In addition, magnesium stearate also increases the quality of the capsule. Thus, among all the applications, the pharmaceuticals segment is estimated to capture a market share worth 15.8% across the 2022-2028 forecast period.
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- In 2019, Faci S.p.A. was awarded an EXPiPACT GMP certificate from Certiquality. The certificate qualifies the company for good manufacturing practice for magnesium stearate as a pharmaceutical excipient.
- In December 2021, Dover Chemical Corporation increased the prices of metallic staerates by $ 0.20 per pound. The company has taken this decision due to the increasing cost of raw materials and increase in freight costs and reduced availability.
| Attribute | Details |
| Forecast Period | 2022-2028 |
| Historical Data Available for | 2013-2021 |
| Market Analysis | US$ Mn for Value |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Pricing | Available upon Request |
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Metallic Stearates by Product Type
- Zinc Stearate
- Calcium Stearate
- Magnesium Stearate
- Aluminium Stearate
- Others (Sodium Stearate, Barium Stearate, etc.)
Metallic Stearates by Application
- Metallic Stearates for Polymers & Plastics Industry
- Metallic Stearates for Rubber Industry
- Metallic Stearates for Pharmaceuticals Industry
- Metallic Stearates for Personal Care & Cosmetics Industry
- Metallic Stearates for Construction Industry
- Metallic Stearates for Paints & Coatings Industry
- Others
Metallic Stearates Market by Region
- North America Metallic Stearates Market
- Latin America Metallic Stearates Market
- Europe Metallic Stearates Market
- East Asia Metallic Stearates Market
- South Asia & Pacific Metallic Stearates Market
- Middle East & Africa (MEA) Metallic Stearates Market
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