19 October 2020
Visiongain has published a new report on Metallic Stearate Market Report 2020-2030: Forecasts by Product (Zinc Stearate, Calcium Stearate, Aluminium Stearate, Magnesium Stearate, Others), Application (Rubber, Plastics, Pharmaceuticals, Cosmetics, Paints & Coatings, Building & Construction, Others), Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). PLUS Analysis of Leading Metallic Stearate Companies AND COVID-19 Recovery Scenarios.
Global metallic stearate market size was valued at US$ xx million in 2019 and is anticipated to reach US$ xx million in 2025 while growing at a CAGR of xx% during the first half of the forecast period i.e. 2020 to 2025. The global market size is further projected to reach US$ xx million by 2030 at a CAGR of xx% from 2025 to 2030. The overall CAGR for the global metallic stearate market is expected to be xx% from 2020 to 2030.
COVID-19 Impact on Metallic Stearate Market
The growth of the application sub-segments such as plastics, cosmetics, pharmaceuticals, and construction industry in emerging economies across Asia Pacific such as China, Japan, and India have fuelled the growth the global metallic stearate market. However, the recent outbreak of COVID-19 is projected to hamper the demand for metallic stearate in various applications including plastics, rubber, cosmetics, pharmaceuticals, and building & construction owing to halt in manufacturing operations, disruption of supply chain, and economic disruption across the entire globe.
Rapid Development of Plastic Industry
Over the forecast period, rapid development in the plastics sector and increased demand for refining plastic surface texture will boost the market. In addition, increased use as mold release agents in the rubber sector will also further drive demand for metal stearates. Metal stearates are mainly used as acid scavengers, lubricants and releasing agents in the plastics industry. Using metal stearates, processors can generate finished products that have a much smoother and relatively low friction surface.
Emerging Economies Across Asia Pacific
According to Visiongain analysis, Asia Pacific dominates the global metallic stearate market and is projected to witness highest growth over the forecast period from 2020 to 2030. The region is projected to offer lucrative growth opportunities for the market players across the value chain. Some of the major factors which are anticipated to fuel market growth are rising population coupled with rapid urbanization and industrialization in emerging economies such as China, and India, rising government focus towards development of manufacturing and infrastructure sector. Furthermore, rising expenditure particularly in India, China, and South East Asia countries, will fuel the demand for metallic stearate in plastics, cosmetics, pharmaceuticals, and construction & building applications over the next decade.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations, and launching new products to strengthen their position in the global metallic stearate market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the metallic stearate market. Some of the companies profiled in this report are Valtris Specialty Chemicals, Dover Chemical Corporation, Akrochem Corporation, Peter Greven GmbH, PMC Biogenix, Univar Solutions Inc., Baerlocher GmbH, Sinwon Chemical Co., Ltd., and Sun Ace.
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