The North America Metallic Stearates Market is valued at USD 1.18 billion in 2022 to reach a valuation of USD 1.98 billion by 2028 with a CAGR of 3.98% during the forecast period 2023-2028.
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.
The other segment includes potassium, Copper, Nickel, Cadmium, Lithium, and sodium stearates. 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.
Market Geographical Analysis:
The USA was one of the biggest markets for Metallic Stearates in 2018 and is projected to grow modestly during the forecast period.
Market Key Players:
Key players in the metallic stearates market are Baerlocher GmbH (Germany), Dover Chemical Corporation (USA), FACI S.p.A (Italy), Sinwon 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) , Lumega Industries (India), Nimbasia Stabilizers (India) , James M. Brown Ltd (UK), and Valtris Specialty Chemicals (USA) among others.
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