“The Metallic Stearates Market is projected to reach USD 3.85 billion by 2031”
The metallic stearates market is projected to grow from an estimated USD 2.97 billion in 2022 to USD 3.85 billion by 2031, at a CAGR of 5.4% from 2022 to 2031.
Key factors that are expected to drive the market include the provision of customized grades with variable valencies that can be used for specific applications. Increasing demand for PVC and other polymers as process materials in various applications is also expected to fuel the growth of this market. Metallic stearates market growth is expected to be restricted in case of bulk grades due to the unstructured market.
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“Based on type, the magnesium stearates segment is expected to grow at the highest CAGR during the forecast period”
Based on type, the metallic stearates market has been segmented into zinc stearates, calcium stearates, magnesium stearates, aluminum stearates, and others. The magnesium stearates segment is expected to grow at the highest CAGR during the forecast period. Insolubility of magnesium stearates in normal solvents makes it suitable for retention improvement of creams and in the production of wax. Compatibility in pharmaceuticals & cosmetics applications and properties such as non-toxicity, anti-adherence, lubrication, and binding among others, are expected to accelerate market growth and adoption across various end-use industries. Magnesium stearates find applications as binders, lubricants & mold release agents, and anti-caking agents, among others.
“Based on end-use industry, the pharmaceuticals & cosmetics segment is expected to grow at the highest rate during the forecast period”
The pharmaceuticals & cosmetics segment of the metallic stearates market is expected to grow at the highest rate during the forecast period. This growth can be attributed to the rise in the global demand for metallic stearates in pharmaceuticals & cosmetic products. In addition, this industry is expected to witness a growing demand from developed regions such as North America and Europe. Calcium, magnesium, and aluminum stearates are widely used in pharmaceuticals & cosmetic applications. Metallic stearates are widely used in pharmaceuticals & cosmetics in powders and ointments for skin diseases, make-up products, fragrances & deodorants, and hair & skin care products, among others.
“Asia-Pacific market is expected to grow at the highest CAGR during the forecast period”
The Asia-Pacific metallic stearates market is expected to grow at the highest CAGR during the forecast period and was the largest market for metallic stearates in 2015. There is a huge demand for metallic stearates from India, China, and Japan. Increasing populations and improving economic conditions of the countries in this region are fuelling the growth of the metallic stearates market.
Breakdown of profiles of primary participants:
• By Company Type: Tier 1 – 11%, Tier 2 – 33%, and Tier 56%
• By Designation: C Level – 20%, Director Level – 10%, and Others – 70%
• By Region: Europe – 33%, Asia-Pacific – 25%, North America – 25%, Rest of the World – 17%
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As part of the qualitative analysis, this report provides a comprehensive analysis of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players such as Baerlocher GmbH (Germany), Dover Chemical Corporation (U.S.), FACI S.p.A (Italy), Peter Greven GmbH & Co. KG (Germany), Sun Ace Kakoh (Pte.) Ltd. (Malaysia), and Valtris Specialty Chemicals (U.S.), among others.
The report provides an analysis of the metallic stearates market across different regions. It aims at the estimation of the market size and growth potential of this market across different segments such as type and end-use industry. Furthermore, the report also includes an in-depth competitive analysis of key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies. The global report covers key regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, along with country-level analysis.
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This report covers the following key aspects:
• The market size by 2031 and its growth rate
• The key market trends
• The key factors that are expected to drive the market
• The challenges that impact market growth
• The key players in this market
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