In a recent published report, Kenneth Research has updated the market report for Metallic Stearate Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Metallic Stearate Market products.
The Metallic Sterate Market was valued at USD 3.19 billion by 2017, growing with 5.6% CAGR during the forecast period, 2018-2025. In terms of volume, the industry was valued 1,780.3 kilo Tons, growing with 4.4% CAGR over the study period.
These are compounds of long-chain fatty acids with metals having different valances. The global market of metallic stearate is expected to get a boost due to increasing demand from pharmaceutical applications, cosmetics, the rubber industry, and global plastics. Some of the commonly used metallic stearates are calcium stearate, zinc, and aluminum. Substantial growth in the plastic industry with surging demand for plastic goods with refined surface texture will drive the market growth. Mold release agents are an augmented use of metallic stearate in the rubber industry, which will also propel market growth.
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The global market of metallic stearate is dominated by zinc. It dissolves easily in aromatic and chlorinated hydrocarbons. However, it is insoluble in alcohol, ether, and other polar solvents. The presence of the hydrophobic agent and the absence of electrolyte in zinc stearate makes it one of the most potent agents of mold release. They are also used in the form of lubricants and release agents in the plastic and rubber industry.
Likewise, calcium stearate is also used in the plastic industry as an acid scavenger, lubricant, and mold release agent. It is also used in the form of a hydrophobic agent in the preservation of construction and building materials. Further, it is helpful for preventing moisture absorption. Pharmaceuticals and cosmetic industry also utilize it in the form of anti-caking additive for powders and granules.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Aluminum stearates are extensively utilized for manufacturing aluminum greases. Being extensively hydrophobic some of their salient attributes are strong adhesion to metallic surface and transparency. Aluminum stearates are potent water repellents. Hence, they are used in the building industry in the form of coatings and paints.
As far volume and revenue are concerned the largest application segment is plastic. Metallic stearates are extensively used in the form of release agents, acid scavengers, and lubricants. It also assists in the melting process. When it comes to producing articles with less friction and smoother surfaces, metallic stearates are the producer’s first preference.
In terms of the vastness of the application, segment rubber comes next in the list. Metallic stearates have incredible properties, which makes them very efficient as rubber release agents. Extrusions, compression molding, and transfer molding are some of the processes that make use of this product.
In personal care and cosmetic products, metallic stearates are extensively used in the manufacturing of makeup products like face powders, blushers, lipsticks, eyeliner, foundations, and eyeshadow. Moreover, they are used in skin and hair care products, fragrances and deodorants. In addition, the product is utilized in the manufacturing of body powders, medicated ointments, protective lotions, and shampoo.
The largest market is located in and around the Asia Pacific region. The surge in the economic development of South East Asian countries like China and India has taken the product demand to its zenith. Surplus production of automotive and a steady rise in construction activities are propelling the product demand for coatings, paints, plastics, and rubber.
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The regional market in North America is the second largest. In countries like Canada and the USA, increasing product demand from pharmaceuticals and cosmetic industry is driving the market growth. Moreover, extensive R& D works are undertaken in the region to improve the quality of metallic stearates so that it can be invaluable in the production of high-utility items in the commercial sector.
Key Vendor Takeaway
The major players in the global market includes Baerlocher Gmbh, Nimbaisa Stabilizers, Dover Chemical Production, James M. Brown Ltd, PMC Biogenix, Inc., IRRH specialty chemicals. Lumega industries, Marathawada chemicals, Peter Greven Gmbh, Valtris Specialty Chemicals, Face S.p.A., Sun Ace Kakoh (Pte.) Limited. Companies are focusing on Asia Pacific regions because of availability of cheap labors and raw materials. Key players are also interested in doing long term agreement with manufacturers for uninterrupted raw material supply.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
MARKET, BY APPLICATION
Building & Construction
Paints & Coatings
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
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