The competitive spectrum of metallic stearate market is indeed diverse, complete with a plethora of companies striving to augment the commercialization scope of this vertical.
— The revenue of Metallic Stearate Market crossed $3 billion in the year 2017 and is predicted to touch 7 billion-dollar mark till 2024, growing at 5.9% between the years 2019 and 2024; as per the research done by Global Market Insights, Inc.
Rising demand from diverse end use industries are anticipated to drive metallic stearate market growth. Zinc, calcium, aluminum, and magnesium are most commonly used stearates. They are of high commercial importance owing to their lubricating, gelling, stabilizing and water repellence properties. They are produced using vegetable oils which is an organic raw material.
Metallic stearate market from polymer application is estimated to surpass USD 1.5 billion in 2024 owing to increasing demand from Asia-Pacific region, as it is a hub for polymers & rubbers processing industry. These products are used in fiberglass reinforced polyesters, polyolefin, polystyrene phenolic resins & compounds, and PVC. Growing polymer industry is expected to lead to an increase in metallic stearates demand.
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The increasing health hazards pertaining to the prevalence of a sedentary lifestyle have been resulting in the occurrence of numerous chronic diseases. Driven by the same, in tandem with the ever-changing diet consumption patterns and lifestyles, a rising trend of health consciousness has been observed among the masses. Consumers have found myriad ways to enhance their diet, one of which is consuming dietary supplements in the form of liquids, powders, capsules, and varieties of tablets. In this regard, many healthcare producers and food manufacturers have been formulating a new range of essential supplements.
Metallic stearate market from cosmetic industry application should surpass USD 1 billion owing to its inherent characteristics of colour stability, binding ability, versatility, and thickening. The hydrophobic nature of the product helps powder form from absorbing water and thus from forming agglomerates. These products are used in lip colors, eyeliners, shampoos, sun protective lotions, ointments. Dosage used are relatively low ranging from 0.05 to 1%. These properties enhance shelf life of products which in turn should boost market growth.
Metallic stearate market from rubber industry would have significant gains up to 4.5 % in the projected timeframe. They are utilized as mold release agents, acid scavengers, and lubricants which enhances the surface of rubber product. Dry metallic stearates have usage as release agents for rubber, as they avoid it from sticking to mold which should propel industry size.
The competitive spectrum of metallic stearate market is indeed diverse, complete with a plethora of companies striving to augment the commercialization scope of this vertical. Enumerated below is a gist of the instances that have impacted metallic stearate industry in recent times:
• In 2017, leading specialty chemical manufacturing company, Peter Greven disclosed its plan to extend its reach across U.S. with the acquisition of Norac Additives LLC. This acquisition will help the German oleochemical producer to strengthen its position in North America metallic stearate market pertaining to the value addition to its plastic additives and metallic soaps manufacturing portfolio. Reportedly, with the ever-increasing economic development and surge in the investment in healthcare infrastructure across U.S., this German company will gain commendable benefits ahead in metallic stearate market.
• In another instance, a leading player in the metallic stearate market, Valtris Specialty Chemicals has acquired Akcros Holdings Limited in 2016. Akcros is one of the well-known suppliers of chemical additives for processing and production of paints, coatings, and polymers mainly across North America and Europe. This strategic acquisition has opened multiple new avenues for the company with the addition of different product ranges and a highly versatile customer base.
• In 2015, Univar USA Inc. purchased 100 percent stakes of Chemical Associates Inc., which prominently manufactures and distributes metallic stearates, calcium stearate, stearic acid, and many other chemical products. Through this acquisition, Univar had been touted to bring additional value to the firm’s pivotal markets such as food, personal care, sanitation, lubricants, adhesives, coatings, and cleaning.
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Global metallic stearate market share is moderately fragmented and highly competitive with key manufacturers including PMC Biogenix, Baerlocher GmbH, Sinwon Chemical, Dover Corporation, Allan and Valtris Chemicals. Companies focus in expanding their marketing network by evolving strategic alliances through mergers & acquisition, partnership and joint ventures.
Glimpse of Table of Content (ToC)
Chapter 1 ; Methodology & Scope
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
188.8.131.52 Paid Sources
184.108.40.206 Public Sources
Chapter 2 ; Executive Summary
2.1 Metallic stearate industry 3600 synopsis, 2013 - 2024
2.1.1 Business Trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 ; Metallic Stearates Market Insights
3.1 Metallic Stearate Industry segmentation
3.2 Metallic Stearate Industry landscape, 2013 – 2024
3.3 Metallic Stearate Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.4 Regulatory landscape
3.4.1 North America
220.127.116.11 Food contact regulations
18.104.22.168 EC Directives on packaging and packaging waste
3.5 Raw material analysis
3.6 Technology landscape
3.6.1 Precipitation (Double Decomposition) reaction
3.6.2 Direct reaction
3.6.3 Fusion process
3.6.4 AV process
3.7 Growth drivers
22.214.171.124 Asia Pacific: Increasing metallic stearate usage as an additive in rubber and food industry
126.96.36.199 Europe: Increasing metallic stearate usage in cosmetics and personal care products
3.7.2 Industry pitfalls & challenges
188.8.131.52 Early expiration of pharmaceutical drugs owing to improper blend of metallic stearates
3.8 Growth potential analysis, 2017
3.9 Emerging business model
184.108.40.206 New product launch
3.10 Porter’s analysis
3.11 Competitive landscape, 2017
3.12 PESTEL analysis
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