Metallic Stearates Market by Type (Magnesium Stearates, Zinc Stearates, Calcium Stearates), End-Use Industry (Polymer & Rubber, Pharmaceuticals & Cosmetics, Building and Construction), & Region (APAC, North America, Europe, RoW) - Global Forecast to 2028
Updated on : October 10, 2024
Metallic Stearates Market
The metallic stearates market was valued at USD 3.7 billion in 2023 and is projected to reach USD 4.9 billion by 2028, growing at 5.4% cagr from 2023 to 2028.
Metallic stearates are metal salts of stearic acid that are commonly used as release agents, lubricants, stabilizers, and water repellents in various industries such as plastics, rubber, coatings, and construction. The global metallic stearates market has been growing steadily in recent years and is expected to continue to grow in the coming years. The Metallic Stearates market is segmented on the basis of the type such as Zinc Stearates, Calcium Stearates, Magnesium Stearates, Aluminium Stearates, and Others. The market of Metallic Stearates has been segmented on the basis of end-use industries such as polymer & rubber, pharmaceutical & cosmetics, building & construction, paints & coatings, and others.
Attractive Opportunities in the Metallic Stearates Market
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Metallic Stearates Market Dynamics
Driver: Rising use of polymer in various end-use imdustries
The use of polymers in various end-use industries has been on the rise in recent years due to their unique properties, such as high strength, durability, flexibility, and light-weight nature. Polymer demand is growing in the automotive, construction, packaging, and electronics industries, among others. As the demand for polymers increases, so does the demand for metallic stearates, which are essential additives in the production of polymers. Metallic stearates are used as lubricants, stabilizers, and release agents in the processing of polymers, which improves their quality and efficiency. For example, metallic stearates are added to polyvinyl chloride (PVC) products to improve their processing characteristics and mechanical properties. The growing demand for high-performance polymers and the need to improve the efficiency of polymer processing are driving the growth of the metallic stearates market.
Restraint: Stringent Environmental Regulations
Stringent environmental regulations are one of the major factors restraining the growth of the metallic stearates market. Many countries have implemented strict regulations on the use of metallic stearates due to their potential environmental and health hazards. For example, metallic stearates can release toxic gases when burned, and they can also accumulate in soil and water, leading to environmental pollution. In addition, some metallic stearates have been classified as hazardous chemicals by regulatory authorities, which restricts their use in certain applications.
Opportunities: Adoption of Sustainable Measures
The adoption of sustainable measures is creating new opportunities for metallic stearates in the market. With increasing awareness of the environmental impact of traditional metallic stearates, many end-use industries are seeking more sustainable alternatives that meet their performance requirements. This has led to the development of bio-based metallic stearates, which are derived from renewable sources and have a lower environmental footprint compared to traditional metallic stearates. Bio-based metallic stearates are considered safer and more sustainable, making them a preferred choice for many end-use industries.
Challenges: Price Volatility
The prices of raw materials used in the production of metallic stearates, such as stearic acid and metal oxides, can be subject to significant fluctuations due to various factors such as supply-demand dynamics, geopolitical events, and changes in trade policies. This volatility can impact the profitability of manufacturers and increase the overall cost of production, which can then be passed on to customers in the form of higher prices. This, in turn, can affect the demand for metallic stearates, particularly in price-sensitive markets.
Metallic Stearates Market Ecosystem
By Type, Zinc Stearates projected to register the highest CAGR during the forecast period
Zinc stearates have excellent release properties and are highly effective in preventing sticking and fouling of molds during the production of rubber and plastics. Zinc stearates are one of the most widely used releasing agents among all metallic stearates. They are also used as emulsifiers in cosmetics and toiletries. They have a very sharp melting point in comparison to other stearates, which helps them to liquefy faster while melting. They are hydrophobic, lipophilic, non-sticky, and are soluble in nonpolar polyolefin medium as well as aromatic compounds, but are not soluble in polar solvents such as alcohols and ethers. This has led to widespread use of zinc stearates in various industries. Rising demands from several end-use industries such as pharmaceuticals & cosmetics, and others helps to grow the market of Metallic Stearates during the forecast period.
By End-Use Industry, Polymer & Rubber segment accounted for the largest market share during the forecast period
Most metallic stearates are used as lubricants in polymer processing and are good water-repelling agents as well as releasing and gelling agents. Among metallic stearates, zinc stearates are widely used in the production of fiberglass-reinforced polyesters, phenolic resins and compounds, polyolefin, polystyrene, PVC, and others. Calcium stearates act as an effective acid scavengers for PVC processing, processing aids for high throughput PVC extrusion processes, and lubricants for polymer applications. Metallic stearates are also used as dispersion agents in the polymer industry. Metallic stearates are widely used in powdered form in unvulcanized rubber to prevent decomposition. They act as anti-blocking agents and elastomer processing aids/release agents. Metallic stearates find major applications in the manufacture of rubber tires.
Asia Pacific is projected to account for the highest CAGR in the Metallic Stearates market during the forecast period
The Asia-Pacific region has been experiencing significant economic growth over the past few decades. This growth has been driven by several factors, including increased trade and investment, improved infrastructure, and technological advancements. China, India, and Japan are among the largest economies in the Asia-Pacific region, and have been major drivers of economic growth in the region. In recent years, other countries such as Indonesia, Malaysia, and Vietnam have also emerged as important players in the regional economy. Increasing urbanization and infrastructure development are boosting the demand for lubricants, adhesives and coatings, which are the other prominent applications for the metallic steartes.
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Metallic Stearates Market Players
Metallic Stearates comprises major manufacturers such as Baerlocher GmbH (Germany), Dover Chemical Corporation (US), Valtris Specialty Chemicals (US), Faci Spa (Italy) were the leading players in the Metallic Stearates market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Metallic Stearates market.
Metallic Stearates Market Report Scope
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Report Metric |
Details |
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Market size available for years |
2022–2028 |
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Base year |
2022 |
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Forecast period |
2023–2028 |
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Unit considered |
Value (USD Billion), Volume (Kilo tons) |
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Segments |
Type, End-Use Industry, and Region |
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Regions |
Asia-Pacific, North America, Europe, South America, and Middle East & Africa |
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Companies |
The major players are Baerlocher GmbH (Germany), Faci spa (Italy), Peter Greven GmbH & Co. KG (Germany), Valtris Specialty Chemicals (US), Sun Ace Kakoh (Japan), Dover Chemical Corporation (US), IRRH Specialty Chemicals (US), and others covered in the Metallic Stearates market. |
This research report categorizes the global Metallic Stearates industry on the basis of Type, End-use, and Region.
Metallic Stearates Industry, By Type
- Zinc Stearates
- Calcium Stearates
- Magnesium Stearates
- Aluminium Stearates
- Others
Metallic Stearates Industry, By End-Use Industry
- Polymer & Rubber
- Pharmaceutical & Cosmetics
- Building & Construction
- Paints & Coatings
- Others
Metallic Stearates Industry, By Region
- Asia Pacific (APAC)
- North America
- Europe
- South America
- Middle East & Africa
The market has been further analyzed for the key countries in each of these regions.
Recent Developments
- In October 2021, Baerlocher GmbH (Germany) is investing in its production plant in Bury. It will increase the capacity of its calcium-based PVC stabilizer plant by more than 50% with the installation of additional new Mixing and Granulation units in 2022.
- In March 2021, Baerlocher GmbH (Germany) expanded its production site in Dewas in the Indian state of Madhya Pradesh. The new production facility will have a capacity of 30,000 tons per year and will exclusively produce Ca-based PVC stabilizers. After the last expansion at the beginning of 2020, this new expansion
- In June 2020, Peter Greven GmbH & Co. KG, a leading manufacturer of oleochemical additives, signed an exclusive distribution agreement with Solenis Switzerland GmbH, a leading manufacturer of specialty chemicals.
- In June 2019, PMC Biogenix (US) announced a significant expansion of its production capacity for various specialty chemicals, including fatty acids, esters, and metal soaps, at its plant in Memphis, Tennessee.
Frequently Asked Questions (FAQ):
What are the major drivers driving the growth of the Metallic Stearates market?
The major drivers influencing the growth of the Metallic Stearates market are rising use of polymer in various end-use industries.
What are the major challenges in the Metallic Stearates market?
The major challenge in the Metallic Stearates market is price volatility.
What are the restraining factors in the Metallic Stearates market?
The major restraining factor faced by the Metallic Stearates market is stringent environmental regulations.
What is the key opportunity in the Metallic Stearates Market?
Adoption of sustainable measures has a new opportunity for the Metallic Stearates market.
What are the end-uses of Metallic Stearates?
Metallic Stearates is majorly used in polymer & rubber industry, pharmaceuticals & cosmetics industries, and building & construction industry .
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This research involved the use of extensive secondary sources and databases, such as Factiva and Bloomberg, to identify and collect information useful for a technical and market-oriented study of the Metallic stearates market. Primary sources included industry experts from related industries and preferred suppliers, manufacturers, distributors, technologists, standards & certification organizations, and organizations related to all segments of the value chain of this industry. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts (SMEs), executives of key companies, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects.
Secondary Research
In the secondary research process, various sources such as annual reports, press releases, and investor presentations of companies; white papers; and publications from recognized websites and databases have been referred to for identifying and collecting information. Secondary research has been used to obtain key information about the industry's supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market-and technology-oriented perspectives.
Primary Research
The Metallic Stearates market comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the Metallic Stearates market. Primary sources from the supply side include associations and institutions involved in the Metallic Stearates industry, key opinion leaders, and processing players.
Following is the breakdown of primary respondents—
Notes: Others include sales, marketing, engineers, and product managers.
Tier 1= USD 1 Billion; Tier 2 = below USD 1 Billion to USD 500 Million; and Tier 3 = Below USD 500 Million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the global Metallic Stearates market. The research methodology used to estimate the market size includes the following:
- The key players in the industry were identified through extensive secondary research.
- The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.
Market Size Estimation: Bottom-Up Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market was split into several segments and subsegments. To complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size has been validated by using both the top-down and bottom-up approaches.
Market Definition
Metallic stearates are compounds derived from the reaction of stearic acid with a metal ion, typically a divalent or trivalent metal such as calcium, magnesium, zinc, or aluminum. The resulting metallic stearate compounds are insoluble in water but soluble in organic solvents, and they have a range of properties that make them useful in various applications
Metallic stearates are often used as lubricants, mold release agents, and stabilizers in the plastics, rubber, and pharmaceutical industries. They can also act as gelling agents in cosmetics, and they are used as pigment dispersants and emulsifiers in the paint and coatings industry. Additionally, metallic stearates are used as a processing aid and anti-caking agent in the food industry.
The properties of metallic stearates can vary depending on the specific metal ion used, and they can be modified by changing the degree of saturation of the stearic acid molecule. Overall, metallic stearates have a wide range of industrial applications due to their unique properties and versatility.
Key Stakeholders
- Raw Material Suppliers and Producers
- Regulatory Bodies
- End User
- Research and Development Organizations
- Industrial Associations
- Metallic Stearates manufacturers, dealers, traders, and suppliers.
Report Objectives
- To define, describe, and forecast the global Metallic Stearates market in terms of value and volume.
- To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze and forecast the market based on type, raw material, end-use industry, region, and application.
- To forecast the market size, in terms of value and volume, with respect to four main regions: North America, Europe, Asia Pacific, South America and Middle East & Africa.
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape.
- To strategically profile key players in the market.
- To analyze competitive developments in the market, such as new product launches, capacity expansions, and mergers & acquisitions.
- To strategically profile the leading players and comprehensively analyze their key developments in the market.
Available Customizations:
Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
- Product Matrix which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
- Further breakdown of the Rest of the APAC Metallic Stearates market
- Further breakdown of the Rest of Europe’s Metallic Stearates market
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Metallic Stearates Market