Metallic Stearate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Metallic Stearate Market: Overview
The global metallic stearate market is anticipated to experience a strong market demand during the forecast period 2018 – 2028, owing to its usage in various industries. Metallic stearate is used extensively as mold release agents, plastic stabilizers, and lubricants. Aggressive growth of rubber industry owing to booming automotive industry is anticipated to help the global metallic stearate market to reach new heights. Metallic stearates are metal soaps of an 18-carbon chain fatty acid, which is known as stearic acid. Apart from rubber and plastic industry, metallic stearate has found its application in paint and coatings, construction industry, cosmetics, food, pharmaceuticals, and polymers. Metallic stearate are procured from animal and plat based fatty acid. These metallic stearate does not have any definite chemical compounds but comprise complex blend of mixed hydroxides or fatty acids.
Metallic Stearate Market: Drivers and Restraints
One of the prime reason lifting the global metallic stearate market is its use in the rubber industry. Metallic stearate has the ability to dodge rubber from adhering to mold as well as to itself. This property makes metallic stearate best option for rubber industry. Apart from these, other physical and chemical properties of metallic stearate is extensively used by the rubber industry in various areas. Apart from these, lubrication properties of metallic stearate provides an immense opportunity in the cosmetic and pharmaceutical products. Lubricating properties of metallic stearate helps in tablet pressing and dragee preparation. Cosmetic products such as lipsticks, medicated ointments, eyeliners, body and foot powders, and shampoo are also driving demand in the global metallic stearate market.
Metallic stearate market also finds its application in the textile industry. It is used as antistatic agents. Metallic stearate is used for swelling and suspension aids for other additives like pigments in the ink industry. It is used as suspension agents while manufacturing liquid wax compounds and waxes. Surge in disposable income of consumers all across the world has increased the demand for premium products to improve their lifestyle. This is likely to positively influence the global metallic stearate market growth.
Metallic Stearate Market: Market Potential
Recently, a major player in the global metallic stearate market Valtris Specialty Chemicals acquired INEOS ChloroToluenes and INEOS Baleycourt. This step is likely to enhance the company’s product portfolio.
Metallic Stearate Market: Regional Outlook
On the basis of geography, Asia Pacific is anticipated to hold the leading position in the global metallic stearate market owing to growing demand from countries such as China and India. These countries are witnessing a stellar growth in the rubber, building and construction, and plastics industry. However, North America metallic stearate market stands on the second spot, and is predicted to show a steady growth during the forecast period. Growing inclination towards organic foods in the region is expected to favor market growth in the region.
Metallic Stearate Market: Companies Mentioned
Some of the key players in the global metallic stearate market are Faci S.p.A, Valtris Speciality Chemicals, Baerlocher GmbH, Dover Chemical Corporation, and Peter Greven GmbH & Co
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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