The market is expected to generate an incremental $ opportunity of US$ 1,481.7 Mn between 2022 and 2032
Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00249 Format: PDF Pages: 280
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.
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:
By Region and Country:
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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
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:
A list of some of the key suppliers present in the market are:
Global Metallic Stearates Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|