Middle East and Africa Metallic Stearates Market-By Type (Aluminum, Zinc, Magnesium, Calcium, others), by Application (Pharmaceuticals, Plastics, Rubber, Cosmetics, Construction, Coatings), by Region (USA and Canada) - Industry Analysis, Size, Share, Growth, Trends, and Forecast (2024 to 2029)

Updated On: January, 2024

ID: 8261

Pages: 145

Middle East and Africa Metallic Stearates Market Growth 2023-2028:

The Middle East and Africa Metallic Stearates Market is valued at USD 0.85 billion in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.13% during the forecast period to become a USD 1.12 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.

Middle East and Africa Metallic Stearates Market Segmentation:

By Type

Aluminum
Zinc
Magnesium
Calcium
Others
potassium
Copper
Nickel
Cadmium
Lithium
Sodium stearates

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, the market can be broken down into Pharmaceuticals, Plastics, Rubber, Cosmetics, Construction, and Coatings. Among all the industries Plastics was the largest consumer of metallic stearates in 2018 followed by the rubber industry.

The Middle East and Africa Metallic Stearates Market geographical analysis:

The Middle East and Africa Metallic Stearates market can be categorized into the Middle East and Africa. Saudi Arabia was one of the biggest markets for Metallic Stearates in 2018 in this segment and is projected to grow modestly during the forecast period. UAE, Qatar, Kuwait, Nigeria, South Africa, and Egypt are the main markets in this segment.