Metallic Stearates Market

Global Metallic Stearates Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Metallic Stearates Market was worth US$ 2,679.5 Mn and is expected to grow at a CAGR of 4.5% over the forecast period. While the historical CAGR is 4.0%, the market is expected to hit US$ 4,161.2 Mn by 2032 end.

The need for cosmetics and pharmaceutical products and the expanding global plastics and rubber industry are expected to fuel market expansion. Metallic stearates are utilized in a wide range of products, such as aluminum, zinc, and calcium stearate, in several industries, including plastics, rubber, medicines, and cosmetics.

Market Dynamic

END-USER INDUSTRIES LEVERAGING SALES OF METALLIC STEARATES

Metallic stearates have a wide range of applications in the pharmaceutical and cosmetic industries due to their superior lubricating and releasing qualities. In manufacturing dragee and tablet pressing, metallic stearates’ lubricating abilities are heavily utilized. Metallic stearates are also found in a wide range of cosmetic items, including shampoo, eyeliner, lipstick, sunscreen, medicinal ointments, body powder, and foot powder.

HEALTH HAZARDS DEPRIVES THE MARKET DEMAND

When metallic stearates are exposed for an extended period above concentration limits, it may result in several health problems. For instance, a single exposure to zinc stearate causes lung damage and death in some newborns. Additionally, magnesium stearate might irritate the mucus lining of the intestines, which is predicted to result in diarrhea or bowel movements as well as immunological dysfunction. These factors are predicted to limit the market expansion for metallic stearates during the projected period.

Market Segments Covered in Report

By Product Type:

• Zinc Stearate
• Calcium Stearate
• Magnesium Stearate
• Aluminum Stearate
• Others (Sodium Stearate, Barium Stearate, etc.)

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 and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which product type gaining popularity among the end-user industries?

Due to its processing and stabilizing abilities, zinc stearate has become more prevalent. Numerous thermoplastic applications benefit from these characteristics. In addition, zinc stearate works well as a separator. Additionally, zinc stearate is readily stable even under extremely high temperatures. As a result, the market for metallic stearates is becoming more valuable due to the demand from end industries for zinc stearate.

Why is the Polymer and Plastics Industry a dominant Metallic Stearates end user?

The polymer and plastics industry is anticipated to use metallic stearates the most, with a market share of 33.3% from 2022 to 2032. They are specifically employed to boost output and create final goods with smoother surfaces. Metallic stearates are acid scavengers, mould release agents, and lubricating aids. Numerous applications call for various grades of metallic stearates derived from calcium, zinc, aluminum, or magnesium. For instance, calcium stearates are employed in polypropylene formulations as lubricants or catalyst neutralizers.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• Throughout the projected period, the Asia Pacific region is expected to hold a market share of 45.7%, with China predicted to lead the market for metallic stearates. Given that China is a developed country, the number of manufacturing facilities in the area has skyrocketed. Additionally, the regional government is discussing plans to establish more production facilities to boost national revenue.
• The expanding cosmetic and pharmaceutical industries in the United States have a beneficial impact on metallic stearate demand. Additionally, people are actively spending money on medicines and cosmetics to maintain a healthy lifestyle.

Competition Analysis

Manufacturers are concentrating on increasing their production capacity to meet the demand for metallic stearates in various end-use sectors in both developed and developing nations.

Some of the key developments that have taken place in the Market include:

• In 2019, a certificate for EXPiPACT GMP to Faci S.p.A. by Certiquality. With the certification, the business can use magnesium stearate as a pharmaceutical excipient following good manufacturing practices.
• In December 2021, the cost of metallic stearates increased by $ 0.20 per pound, according to Dover Chemical Corporation. The corporation chose this in response to rising freight expenses, increasing raw material prices, and declining availability.

A list of some of the key suppliers present in the market are:

• Akrochem Corporation
• Valtris Specialty Chemicals
• PROMAX Industries ApS
• Peter Greven GmbH & Co. KG
• Univar Inc.
• Biogenix, Inc.
• Faci S.p.A.
• Dover Chemical Corporation
• Sinwon Chemical Co., Ltd.
• Baerlocher GmbH

Global Metallic Stearates Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies