The market for metallic stearates is anticipated to reach US$ 2.6 billion in 2023 and US$ 4.0 billion by 2033. During the projection period, metallic stearate sales are anticipated to expand at a substantial CAGR of 4.5%.
Among a wide range of end-use industries, the polymers and plastics sector is the biggest consumer of metallic stearates. These products are utilized in the production of many different types of polymers and plastics including polyethylene (PE), polypropylene (PP), polystyrene (PS) and various others. Increasing adoption of metallic stearates to improve the surface texture of plastic items will boost sales in the forthcoming years.
In addition, the consumption of metallic stearates in pharmaceutical and personal care products is increasing. Various properties of metallic stearates such as gelation capacity and lubrication are boosting their applications in the production of creams, ointments, gels, shampoos, and other personal care products.
Despite a wide spectrum of applications of metallic stearates, the commercial potential of various product types such as sodium stearates is still untapped. Increasing research and development for the applications of sodium, zinc and cadmium stearates will create opportunities for growth in the market.
“Increasing adoption of metallic stearates for the production of flexible packaging for pharmaceutical products, medical equipment and personal care products will drive the market over the forecast period,” says an FMI analyst.
Competitive Landscape
Dover Chemical Corporation, PROMAX Industries, Valtris Specialty Chemicals, Peter Greven GmbH & Co. KG, Baerlocher GmbH, Faci S.p.A, Sun Ace Kakoh (Pte.) Limited, Akrochem Corporation, Norac Additives, Lumega Industries, Norac Additives, Lumega Industries, Nimbasia Stabilizers, James M. Brown Ltd, IRRH Specialty Chemicals Co., Ltd, PMC Biogenix, Inc, MLA Group India, ACME-Hardesty, Chempoint, and various others are the some of the key manufacturers of Metallic stearates profiled in the full version of the report.
Metallic Stearates Market
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
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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