Metallic Stearate Industry to reach US$ 1,066.29 million by 2033, registering a 5.4% CAGR: Says Future Market Insights, Inc.
Metallic stearate markets in Europe will account for a significant share of global market growth. With a CAGR of 3.4%, Germany is expected to hold the majority share in the forecast period. Growing automotive industries are expected to drive the market. Rising research and development activities and high investments drive the market.
NEWARK, Del, Dec. 07, 2023 (GLOBE NEWSWIRE) -- The metallic stearate market is expected to reach US$ 630.19 million in 2023. The market is predicted to reach a value of US$ 1,066.29 million in 2033. Between 2023 and 2033, the market is expected to register a CAGR of 5.4%. Many industries use metallic stearate, including plastics, pharmaceuticals, rubber, cosmetics, and the food industry. The growth and performance of these industries are often associated with the demand for these products. A change or innovation in these sectors could influence metallic stearate demand.Rubber has long used metallic stearate in the manufacture of rubber. Steel stearate are primarily used to prevent rubber from adhering to molds or to itself. Compounders have discovered that metal stearate have numerous physical and chemical properties that can be utilized. Leading players are also developing high-temperature-stable metallic stearate that will keep their color stability in thermoplastics despite their color or transparency. As a result of these developments, metallic stearate are expected to be used more frequently in metal processing and construction.
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Regulations regarding chemical usage and safety standards can significantly influence the demand for metallic stearate. Manufacturers may have to reformulate their products if stricter regulations are placed on certain chemicals, which will affect the choices of additives. Technological advancements may enable metallic stearate to find new applications. Nanotechnology, for instance, could use metallic stearate to manufacture advanced materials. A growing number of industries are considering environmental factors. Metallic stearate may be considered less eco-friendly, which may lead to the search for more sustainable alternatives.
*Key Takeaways*
· Zinc stearate is expected to reach a market share of 32.8% during the forecast period.
· In 2033, polymers & plastics are expected to account for 32.1% of the market.
· The metallic stearate market in India is predicted to expand at 6.5% CAGR until 2033.
· Metallic stearate in the United Kingdom are expected to reach a CAGR of 3.9% during the forecast period.
· A 4.9% CAGR is expected in the United States market for metallic stearate.“Increasing research and development activities and increased personal care product demand drive metallic stearate demand. A growing focus on sustainable development and investments in new technologies will drive industry growth in the near future," says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
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*Competitive Landscape*
Several companies compete for Metallic Stearate in highly competitive industries. In recent years, niche industries targeting specific demographics have become increasingly popular. A strong partnership and innovation have contributed to the industry's success. Recent years have seen a rapid increase in demand for Metallic Stearate in India.
*Industry Developments Include*
· *Baerlocher Group- *Baerlocher produces metallic stearate around the world. Their product line includes calcium stearate, zinc stearate, and magnesium stearate, all of which are of high quality. Plastics, rubber, and construction industries all use these products.
· *Dover Chemical Corporation-* Located in the United States, Dover Chemical manufactures metallic stearate, among other specialty chemical additives. Metallic stearate from their company are commonly used to enhance the processing and performance properties of plastics and rubber. Technical expertise and custom solutions are the hallmarks of Dover Chemical.
· *PMC Biogenix- *PMC Biogenix specializes in producing metallic stearate and esters, as well as glycerides and glycerols. With a commitment to customer satisfaction and high-quality additives, the company is renowned for its high-quality products.
*Report Scope*
*Attributes* Details
*Estimated Market Size in 2023* US$ 630.19 million
*Projected Market Valuation in 2033* US$ 1,066.29 million
*Value-based CAGR 2023 to 2033* 5.4%
*Forecast Period* 2023 to 2033
*Historical Data Available for* 2018 to 2022
*Market Analysis* Value in US$ million
*Key Regions Covered* · North America
· Latin America
· Western Europe
· Eastern Europe
· South Asia and Pacific
· East Asia
· The Middle East & Africa
*Key Market Segments Covered* · Product Type
· Application
· Region
*Key Countries Profiled* · The United States
· Canada
· Brazil
· Mexico
· Germany
· The United Kingdom
· France
· Spain
· Italy
· Russia
· Poland
· Czech Republic
· Romania
· India
· Bangladesh
· Australia
· New Zealand
· China
· Japan
· South Korea
· GCC countries
· South Africa
· Israel
*Key Companies Profiled* · Dover Chemical Corporation
· Valtris Specialty Chemicals
· Peter Greven GmbH & Co. KG
· Baerlocher GmbH
· Faci S.p.A
· Norac Additives
· Sun Ace Kakoh (Pte.) Limited
· PMC Biogenix Inc.
· James M. Brown Ltd.
· Nimbasia Stabilizers LLP
· Marathwada Chemicals
· Seoul Fine Chemical Ind. Co. Ltd.
· IRRH Specialty Chemicals India Limited
· Akrochem Corporation
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*More Valuable Insights Available*
Future Market Insights offers an unbiased analysis of the global market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the metallic stearate market, the market is segmented based on Product Type (Zinc Stearate, Calcium Stearate, Magnesium Stearate, Aluminium Stearate, Others), Application (Polymers & Plastics Industry, Rubber Industry, Pharmaceuticals Industry, Personal Care & Cosmetics Industry, Construction Industry, Paints & Coatings Industry, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East, and Africa).
*About the **Chemicals & Materials Division **at Future Market Insights*
The chemicals & materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective of providing authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends, including competitive landscape, profit margin, and research development efforts.
*Author*
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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*About Future Market Insights (FMI) *
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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