Metallic stearates, are used in paints and coatings since decades where they are added to pigments to keep it separating from oil in the tube thus to stop synthetic fat from forming soap when binding with substances like pigments. Metallic stearates are also used as lubricants, process aids and mold release agents for a wide variety of plastics manufacturing. Besides, they find a broad application scope in the production of rubber, pharmaceuticals cosmetics, building construction, coatings, and others.
It is needless to say that Metallic Stearates Size witness a vast uptake and demand from several burgeoning industries such as automotive, and constructions among others. Which works as a key driving force for the market growth of Metallic Stearates. Additionally, increasing use of these substances in the production of rubber and plastics along with the augmenting demand from automotive aerospace sector is escalating the market growth on the global platform.
Acknowledging the massive traction that market is perceiving currently, Market Research Future (MRFR) in its recently published study report mentions that the already booming global metallic stearates market is expected to garner further prominence over the assessment period. The market is estimated to demonstrate a voluminous growth by 2023, registering a striking CAGR during the estimated period (2016 – 2023).
Additional factors substantiating the market growth include technological advancement and the rapid urbanization that is prompting the continuous growth of building construction sector, growing with the increasing population and improving economic conditions that are enhancing consumers’ purchasing power.
On the flip side, fluctuating prices and demand and supply gap of feedstock necessary for the production of these products are some of the key factors obstructing the market growth. Conversely, the rise in the consumption of these products as impermeable agent and anti-caking agent in the burgeoning building construction sector along with the increasing construction activities in the developed and developing regions is expected to provide impetus to the market growth to an extent.
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Market Research Future (MRFR) recognizes Dover Chemical Corporation (US), Baerlocher GmbH (Germany), FACI SPA (Italy), Peter Greven GmbH Co. KG (Germany), Valtris Specialty Chemicals (US), Sun Ace Kakoh (Pte.) Ltd (Singapore), Nimbasia (India), Marathwada Chemicals (India), IRRH SPECIALTY CHEMICALS (South Korea), Akrochem Corporation (US), Lumega Industries (India), PMC Biogenix, Inc (US), James M. Brown Ltd. (UK), Sinwon Chemical Co., Ltd (South Korea), and PROMAX Industries ApS (Denmark) as the key players in the global metallic stearates market.
Global Metallic Stearates Market – Segments
The MRFR analysis is been segmented into three key dynamics for the convenience of understanding;
By Products : Magnesium, Aluminum, Zinc, and Calcium among others {Alkali Stearates (lithium stearates, sodium stearates, and sodium oleates)}.
By Application : Plastics, Rubber, Cosmetics, Building Construction, Coatings, and Pharmaceuticals among others.
By Region : North America, Europe, APAC and Rest-of-the-World.
Regional Analysis
Geographically, the global metallic stearates market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. As per MRFR analysis, Asia-Pacific was the largest market for metallic stearates in 2017 and is expected to remain dominant during the review period. North America accounted for 19.8% of the global market share in 2017, with the US being the major contributor. The rising demand for pharmaceuticals and cosmetics coupled with the high disposable income of the consumers is expected to be the major driver for the growth of the metallic stearates market in the region.
Key Findings of the Study:
- The global metallic stearates market is projected to reach USD 4,343.4 million by 2023 at a CAGR of 5.71% during the review period of 2018 to 2023.
- Asia-Pacific accounted for the largest market share with China being the major contributor to the growth of the regional
- Some of the prominent players in this market are Dover Chemical Corporation (US), Baerlocher GmbH (Germany), FACI SPA (Italy), Peter Greven GmbH Co. KG (Germany), Akrochem Corporation (US), and PMC Biogenix, Inc (US), among others.
- The key manufacturers are adopting expansion and collaborations as growth strategies.
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1 Executive Summary
2 Market Introduction
2.1 Market Definition 19
2.2 Scope Of The Study 19
2.3 List Of Assumptions 20
2.4 Market Structure 20
3 Market Insights
3.1 Market Insights 22
4 Research Methodology
4.1 Research Process 26
4.2 Primary Research 27
4.3 Secondary Research 28
4.4 Market Size Estimation 28
4.5 Forecast Model 29
5 Market Dynamics
5.1 Introduction 31
5.2 Drivers 31
5.2.1 Increasing Demand In The Plastics And Rubber Industries 31
5.2.2 Growing Pharmaceutical And Cosmetics Industries 32
5.2.3 Customization Of Metallic Stearates Grades Depending On Applications 34
5.3 Restraints 35
5.3.1 Limitations Associated With Metallic Stearates 35
5.4 Opportunities 36
5.4.1 Rising Use Of Metallic Stearates In Various Polyvinyl Chloride (PVC)Applications 36
5.5 Challenges 36
5.5.1 Pricing Pressure From Competitors 36
6 Market Factor Analysis
6.1 Supply Chain Analysis 38
6.1.1 Raw Materials 38
6.1.2 Metallic Stearates Manufacturers 39
6.1.3 Distribution Channel 39
6.1.4 Applications 39
6.2 Porter’s Five Forces Analysis 40
6.3 Threat Of New Entrants 40
6.4 Threat Of Rivalry 40
6.5 Threat Of Substitutes 40
6.6 Bargaining Power Of Suppliers 40
6.7 Bargaining Power Of Buyers 40
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