Global 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.

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

Market Drivers

The global market is driven by several factors, including:

• 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 surface textures of plastic goods is likely to propel the market over the forecast years.

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Segments Analysis

By Product Type

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.

By Application Type

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.

By Region

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 bolster 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.

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On the other hand, North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Segmentation

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 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Calcium Stearate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aluminum Stearate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Magnesium Stearate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sodium Stearate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Lithium Stearate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Application Type

• Polymer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Paint & Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cosmetics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ceramics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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)

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

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 the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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