Metallic Stearate Market Size Will Hit USD 5 Billion by 2026
According to the report, The global metallic stearate market in 2019 was approximately USD 3.5 billion. The market is expected to grow above a CAGR of nearly 5% and is anticipated to reach over USD 5 billion by 2026.
Metallic stearate is a chemical compound that is available in various forms such as aluminium, zinc, magnesium, calcium, etc. Metallic stearate consists of a long hydrocarbon chain. As hydrocarbon chain is insoluble in water, this makes the metallic stearate hydrophobic in nature. Commercially used metallic stearates are manufactured from fatty acids, which are produced from natural sources. Metallic stearates are primarily created from organic raw materials. In plastic applications, use of metallic stearate for producing allows the manufacturer to produce goods with higher surface finish and minimum friction. In pharmaceutical and cosmetic applications, metallic stearates are used because of their lubrication and water repellent properties.
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Metallic stearate is compound that has a long chain of fatty acids, which also contains metallic impurities. Metallic stearates are used in applications such as gelling agent, packaging, stabilizer, expanded polystyrene, lubricants in cosmetics, etc. Some of the key properties that have propelled the use of metallic stearate in various industrial application are its lubricating, separating, gelling tendency, etc. Some of the metallic stearates are soluble in water however, those stearates with alkaline metals in them are insoluble in water.
The metallic stearate market is segmented based on product, application, and region. On the basis of product, the market is classified into zinc stearate, calcium stearate, aluminum stearate, magnesium stearate, and others. On the basis of application, the market is classified into plastics, rubber, pharmaceuticals, cosmetics, building & construction, paints & coatings, and others.
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Some of the essential players operating in the metallic stearate market, but not restricted to include Dover Chemical Corporation, Valtris Specialty Chemicals, Peter Greven GmbH & Co. KG, Baerlocher GmbH, Faci S.p.A, Norac Additives, and Others.
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