Metallic Stearates Market Size | Share | Forecast 2023

According to Precision Business Insights (PBI), latest report metallic stearates market was valued at USD 4,438.6 million in 2022 and is expected to grow at 4.6% CAGR during the forecast period 2023 to 2029.
The increased demand for polymers in high-end industries with its increased applications in automotive, construction, packaging, and electronics is currently driving the metallic stearates market. Furthermore, the development in metallocene about the impact of metallic stearate antacid for the melt stabilization of phenolic or phosphite antioxidants is expected to create opportunities for the increase in the metallic stearate market. Zinc stearate products are currently in trend owing to their tremendous use in concrete and cement artillery, in the processing of metals, in paints and coating, in health supplements, pharmaceutical and cosmetic industries. Thus, the widespread use of metallic stearates in several end-user industries such as pharmaceuticals, cosmetics, polymer, rubber, construction, food, and others help to grow the market of metallic stearates during the forecast period.

View the detailed report description here https://www.precisionbusinessinsights.com/market-reports/metallic-stearates-market

The global metallic stearates market is segmented based on the type, end-user industry, and geography.

Based on the Type, the market is segmented into the following:
• Zinc Stearates
• Calcium Stearates
• Magnesium Stearates
• Aluminium Stearates
• Lithium Stearates
• Sodium Stearates
• Others

Based on the End-User Industry, the market is segmented into the following:
• Polymer & Rubber
• Pharmaceutical
• Cosmetics
• Building & Construction
• Paints & Coatings
• Others

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Based on the End-user industry, Polymer and rubber segment dominates the market and accounted for the largest share during the forecast years. Metallic stearates have anti-tacking, anti-adhesive, and water-repelling properties that are widely used in fiberglass-reinforced polyesters, phenolic resins, polyolefins, polystyrene, PVC, and as dispersion agents in the polymer industry and as mold-releasing agents and dusting agent in the rubber industry. For instance, PVC stabilizers are used for controlling the thermal degradation of PVC compounds used for the packaging of food and pharma industries. The versatility of how metallic stearates can be applied and formulated and their long history of use in the polymer and rubber industry owing to the unique ways to utilize their physical and chemical properties are the reasons why manufacturers still choose metallic stearates thus further expanding the metallic stearates market.

Asia Pacific Leads Metallic Stearates Market:
The metallic stearates market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific accounted to have a significant share owing to the increased urbanization and infrastructure development that are boosting the demand for polymers, rubbers, lubricants, adhesives and coatings, which are the prominent uses of metallic stearates. China, India and Japan are among the largest economies that contribute to the market. However, in recent years Malaysia, Vietnam and Indonesia have also emerged as some prominent players. North America is also anticipated to grow in forecasted years owing to the increased R&D and efficient product development for the commercial sector. China has accounted to be the largest producer of plastics across the globe followed by other countries like Germany, the United States, Italy, Japan, South Korea, and India fuelling the growth of the metallic stearates market.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players

The metallic stearates market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In December 2022, Dover Corporation announced that its Dover Technologies subsidiary completed the entire acquisition of Markem Corporation.

Request sample report at https://www.precisionbusinessinsights.com/request-sample/?product_id=722349

Key player's profiles in the metallic stearates market report are Dover Chemical Corporation, Valtris Specialty Chemicals, Peter Greven GmbH & Co. KG, Baerlocher GmbH, Faci S.p.A, Seoul Fine Chemical Ind. Co., Ltd. IRRH Specialty Chemicals India Limited, Akrochem Corporation, Lumega Industries, Sun Ace Kakoh (Pte.) Limited, PMC Biogenix, Inc., James M. Brown Ltd., Nimbasia Stabilizers LLP.

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.