Metallic Stearates Market Size, Share, Demand and Trends by 2023-2033
Development of advanced production facilities to cater Metallic Stearates market prospects; Market leads towards a sizeable share of US$ 4.0 Bn by 2033
The increased use of metallic stearates in numerous
end use sectors is responsible for the market expansion.
- They
are used as antistatic agents for dry impregnation in the textile sector.
- They
serve as assist in the swelling and suspension of additives like pigments
in printing ink processes.
- Additionally,
metallic stearates are included in cosmetics and personal care items like
shampoos, eyeliners, lipsticks, sunscreen, medicinal ointments, and foot
powders due to their hydrophobic qualities, which stop the goods from
collecting water and clumping together.
Consumers’ increased purchasing power and the general
public’s increasing awareness of beauty are both contributing to the market’s
expansion.
In addition, the top players are creating thermostable
metallic stearates, which exhibit exceptional color stability in transparent or
vividly colored thermoplastics processed at high temperatures.
The use of metallic stearates in the metal processing
and construction sectors is expected to increase as a result of these advances.
Request for Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3722
Key Takeaways from the Metallic
Stearates
- Countries
such as the United States are the global hub for the most highly valued
personal care and wellness products, which would likely to lead the market
towards a revenue share of US$ 761.7Mn by 2033
- With
a revenue share of 41.2%, Asia Pacific was the largest geographical market
in 2020. Strong economic expansion in Southeast Asia, China, and India
over the past few years has increased demand for the product in a variety
of applications.
- Currently,
Germany holds dominance with a growth rate of 4.2% in Western Europe. The
automotive and aerospace sector in Germany is constantly developing which
is creating immense demands for metallic stearates.
- Zinc
stearates dominated the product segment with the highest growth rate of
4.1% as in the plastic and rubber industries, they serve as lubricants and
release agents.
- Additionally,
magnesium stearate improves the capsule’s quality. As a result, it is
predicted that, among all applications, the pharmaceuticals category would
hold a market share of 15.8% from 2023 to 2033.
- In
terms of both volume and revenue, the plastics and polymers section became
the fastest-growing (4.5%) application segment in 2020. The plastics
sector primarily uses metallic stearates as lubricants, acid scavengers,
and releasing agents. It is essential to the melting process as well.
Competitive Landscape
Product expansions and distinctiveness have a
favorable impact on the major players. Manufacturers prioritize creating goods
with better surface characteristics. One of the main areas of emphasis for
producers is the addition of stearic acid derived from vegetable oil. To gain
greater participation in the value chain, companies place a strong emphasis on
new product launches, capacity expansion, and collaborations.
Latest Developments
- To
distribute Synpro Metallic Stearates throughout Mexico, Kigo Chemical and
Valtris Specialty Chemicals signed a distribution deal in September 2020.
The alliance with Valtris Speciality Chemicals, a
market-leading manufacturer of metal stearates and specialty additives, was
announced by Ravago Chemicals North America (RCNA) in October 2020. The Life
Ingredients Division’s Food, Nutraceutical & Pharmaceutical (FNP) and
Personal Care divisions will get the Valtris components from RCNA through its
current product portfolio.
Metallic Stearates Market
Metallic Stearates by Product Type:
- Zinc
Stearate
- Calcium
Stearate
- Magnesium
Stearate
- Aluminium
Stearate
- Others
(Sodium Stearate, Barium Stearate, etc.)
Metallic Stearates by Application:
- Metallic
Stearates for Polymers & Plastics Industry
- Metallic
Stearates for Rubber Industry
- Metallic
Stearates for Pharmaceuticals Industry
- Metallic
Stearates for Personal Care & Cosmetics Industry
- Metallic
Stearates for Construction Industry
- Metallic
Stearates for Paints & Coatings Industry
- Others
By Region:
- North
America
- Latin
America
- Europe
- South
Asia & Pacific
- East
Asia
- Middle
East & Africa (MEA)
Ask An Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-3722
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
to be continued…!
Read
Full Report: https://www.futuremarketinsights.com/reports/metallic-stearates-market
Comments
Post a Comment