Metallic Stearate Market Analysis | 2023-2028

Market Insights

"The global metallic stearate market is expected to grow from US$ 4.50 billion in 2022 to US$ 5.80 billion by 2028 at a healthy CAGR of 4.32% during the forecast period of 2023-2028."

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Calcium stearate, a white waxy powder, is classified as calcium soap. Being insoluble in most solvents it dissolves slightly when heated in chlorinated hydrocarbons, aromatic compounds, or mineral and vegetable oils and waxes. It is mainly used as a mold release agent, lubricant, and acid scavenger in the plastics industry.

Systems of the metallic stearate market include rising usage in the plastics and rubber industry, focus on environment sustainability, and development in the usage of better technology in production. The market is also driven by the need for performance enhancement that many industries requiring the additives such as the pharmaceutical, personal care, and construction industries.

The global market is driven by several factors, including:

• The growing global plastics and rubber industry along with surging demand in cosmetics and pharmaceutical applications is expected to drive the growth of the global market during the forecast period.
• The growing product demand for refining the surface textures of plastic goods is likely to propel the market over the forecast years.

Key Players

Some of the major players in the global market are: 

• British Petroleum (BP) PLC
• Chevron Corporation
• ExxonMobil Corporation
• Fuchs Group
• Idemitsu Kosan Co. Ltd.
• Indian Oil Corporation Ltd.
• Lukoil
• Royal Dutch Shell PLC
• Sinopec Limited
• Total SA

Segments Analysis

Product Insights

"The zinc stearate segment accounted for the largest market."

Based on the product type, the market is segmented as zinc stearate, calcium stearate, aluminum stearate, magnesium stearate, sodium stearate, and lithium stearate. The zinc stearate market would surpass 6% gains during the forecast period as it is insoluble in polar solvents including alcohol and ether but soluble in chlorinated hydrocarbons and benzene if heated. The product is utilized as a release agent for manufacturing polymers, rubber, and powder metallurgy due to its super non-stick properties. In the cosmetic industry, it is used as a lubricating agent and thickener to improve the texture of products, hence driving the growth of the segment.

Application Insights

"The aluminum stearate segment accounted for the largest market share."

Based on the application type, the market is segmented as polymer, pharmaceutical, food, paint and adhesives, cosmetics, construction, rubber, and ceramics. 

The aluminum stearate market size from food applications will surpass USD 30 million during the forecast period due to evolving consumer demand for organic food products. The global food flavoring market expects gains of over 5.5% over the forecast period. Acceptance from GRAS and FDA for the use of these stearates as direct food substances would further elevate the market share.

Regional Trends

"The Asia-Pacific region accounted for the largest market share."

Asia-Pacific was the largest regional market in 2022 and is estimated to maintain its dominance during the forecast period as well. Robust economic development in China, India, and Southeast Asian countries bolsters the demand for metallic stearates in numerous applications along with increased construction activities and automotive production, which propel the product demand, especially in paints and coatings, rubber, and plastics. On the other hand, North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Report Features

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This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The global market is segmented into the following categories:

By Product Type

• Zinc Stearate
• Calcium Stearate
• Aluminum Stearate
• Magnesium Stearate
• Sodium Stearate
• Lithium Stearate

By Application Type

• Polymer
• Pharmaceutical
• Food
• Paint & Adhesives
• Cosmetics
• Construction
• Rubber
• Ceramics

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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