Latin America Metallic Stearates Market by type (Aluminum, Zinc, Magnesium, Calcium, others), by Application (Pharmaceuticals, Plastics, Rubber, Cosmetics, Construction, Coatings), by Region Mexico, Argentina, Brazil and the rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, and Forecast (2024 to 2029)

Updated On: January, 2024

ID: 8260

Pages: 175

Latin America Metallic Stearates Market Size (2023-2028)

Latin America Metallic Stearates Market is valued at USD 0.99 billion in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period to become a USD 1.53 billion market in 2028.

Metallic Stearates are widely used as lubricants, plastic stabilizers, mold release agents, anti-caking agents, efflorescent agents, acid scavengers, gelling agents, hydrophobic agents, and waterproofing agents.

Latin America Metallic Stearates Market Segmentation:

By Type of Stearate into Aluminium:

Zinc
Magnesium
Calcium
Others

All the stearates have similar properties with slight variations and have roughly the same industrial applications. Zinc stearate despite the growing governmental restrictions was the most widely used metallic stearate in 2018 accounting for 35% of the entire stearate market and is anticipated to retain the top spot.

By Application:

Pharmaceuticals
Plastics
Rubber
Cosmetics
Construction
Coatings

Among all the industries Plastics was the largest consumer of metallic stearates in 2018 followed by the rubber industry.

Latin America Metallic Stearates Market geographical analysis:

The Latin America Metallic Stearates market can be categorized into

Mexico
Argentina
Brazil

Brazil is the biggest market for Metallic Stearates followed by Mexico and Argentina. In the forecast period, the scenario is projected to remain the same.