Metallic stearates are widely used as the primary ingredient in a wide range of products, including paints, lubricants, personal care products, cosmetics, detergents, and construction materials. While the industrial sector is expected to continue to utilize metallic stearates, companies in the existing metallic stearates industry expect a major increase in business from the residential sector. To acquire a significant position in the sector, a number of regional market players have formed strategic agreements with a varied variety of suppliers from across the world.
Because metal stearates contain ammonia, they can be soluble or insoluble in water. Alkali metals, on the other hand, are normally soluble in water. Metal stearates' solubility has an impact on their functional application. Natural acids like stearic acid and palmitic acid are used to make metal stearates. They have risen in recent years as a result of the increased number of grades available to meet specific application requirements. Metal stearates come in a variety of forms depending on the use. This provides end-users of metal stearates with more alternatives, allowing them to select specific characteristics to fulfill their requirements. With complex product uses, the polymer and rubber sector is growing, and it's also a big industry that has enriched the custom shade industry.
As a consequence of considerable research and significant advancements in the manufacture of metallic stearates, as well as among the different variations of metallic stearates currently on the market, zinc and magnesium stearates have achieved significant global appeal. Zinc stearates have proven to be an effective acid scavenger and processor, as well as a versatile polyolefin aid. Similarly, because zinc stearates improve sandpaper abrasiveness and act as a matting agent in paints and coatings, demand for zinc stearates has risen considerably in recent years, a trend that is likely to continue during 2022-2027. Metallic stearates are used as a stabilizer in a variety of PVC applications, including healthcare packaging, food packaging, bottles, tubes, footwear, flooring, pipes, and toys. They also operate as a macromolecular binder, lowering the temperature at which PVC softens. Metallic stearates serve as a releasing agent as well. In the following years, this is expected to increase product demand. Due to the presence of polar groups, metallic stearates also serve as internal lubricants, which promote compatibility.
By 2027, the Asia Pacific metallic stearate market is expected to be worth USD 2.7 billion. Over the projection period, it is expected to grow at a CAGR of 6.6 percent. Increased product demand has stemmed from the region's rapid growth of important application industries such as plastics, rubber, cosmetics, and pharmaceuticals. This tendency is projected to boost market expansion in Asia Pacific, particularly in rising markets like Indonesia and Thailand. The greatest market for metallic stearate is expected to be in Asia-Pacific.
Indonesia was considered as the world's largest market for metallic stearates, and it is expected to continue in the next six years. The demand for calcium stearate, which is utilized as an efflorescence agent in building and construction applications, is expected to increase as the country's industrial growth accelerates. Furthermore, the expanding focus of the regional government to develop manufacturing in the cosmetics industry, as well as the strong presence of multinational brands, is projected to boost product demand in the near future.
On the other hand, China and Japan countries tend to have significant market growth. Factors such as businesses establishing their regional presence in Asia-Pacific to conveniently acquire raw materials and the availability of low-cost labor are expected to boost market expansion in the region. The usage of metallic stearate in paints, rubber, and plastic is driving the expansion of the metallic stearate market in these countries due to an increase in construction activities.
In addition, metallic stearate is becoming more widely used in the personal care industry as a non-gelling thickening and lubricant. The market for metallic stearate is expected to develop in Australia due to its use in shampoos, sun-protective lotions, medicinal ointments, deodorants, fragrances, and hair and skincare products.
Dover Chemical Corporation (USA)
FACI S.p.A (Italy)
Sin won Chemical Co., Ltd. (South Korea)
PROMAX Industries ApS (Denmark)
Biogenix, Inc. (India)
Peter Greven GmbH & Co. KG (Germany)
Univar Inc. (USA)
Akrochem Corporation (USA)
Sun Ace Kakoh (Pte.) Ltd. (Malaysia)
Norac Additives (USA),
Marathwada Chemical Industries Pvt. Ltd. (India)
IRRH Specialty Chemicals (India)
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