Metallic Stearate Market Geographical Expansion & Analysis Growth Development Status Recorded during 2018 to 2028
Metallic Stearate Market: Snapshot
Metallic stearate is extensively used in the form of molding agents, lubricants, and plastic stabilizers. They are used across various industries. The expansion of automotive industry is expected to surge the growth of the global metallic stearate market in the following years.
Moreover, metallic stearate is also used in industries such as food, pharmaceutical, paints and coatings, etc.
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Quality and Technologically Advanced Product to Promote Market
Valtris Chemicals one of the global brands received GMP (Good Manufacturing Practice) award for their exemplary production process for metal stearates, aiding in substantial growth in the global metallic stearate market. The increasing rubber production is likely to increase the sales of metal stearates in the upcoming years.
Additionally, growing use of plastics is expected to drive the global metallic stearate market. Metal stearates provide lubrication to plastics and helps in smooth finished products.
Cosmetic Industry to Boost Growth
It is widely used in cosmetics and pharmaceutical industries for its excellent lubrication properties. In cosmetics it is widely used in shampoos, lipsticks, sunscreens, etc. High demand for cosmetics and personal care products are expected to provide impetus to the global metallic stearate market in the upcoming years.
Various methods are being deployed to assess the surface of the metal stearates, techniques such as x-ray diffraction and IR spectra are being used. High surface metal stearates to promote the global metallic stearate market.
All the above mentioned factors are projected to provide ample growth to the metal stearates market in the near future.
Metallic Stearate Market: Overview
The global metallic stearate market is anticipated to experience a strong market demand during the forecast period 2018 – 2028, owing to its usage in various industries. Metallic stearate is used extensively as mold release agents, plastic stabilizers, and lubricants. Aggressive growth of rubber industry owing to booming automotive industry is anticipated to help the global metallic stearate market to reach new heights. Metallic stearates are metal soaps of an 18-carbon chain fatty acid, which is known as stearic acid. Apart from rubber and plastic industry, metallic stearate has found its application in paint and coatings, construction industry, cosmetics, food, pharmaceuticals, and polymers. Metallic stearate are procured from animal and plat based fatty acid. These metallic stearate does not have any definite chemical compounds but comprise complex blend of mixed hydroxides or fatty acids.
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Metallic Stearate Market: Drivers and Restraints
One of the prime reason lifting the global metallic stearate market is its use in the rubber industry. Metallic stearate has the ability to dodge rubber from adhering to mold as well as to itself. This property makes metallic stearate best option for rubber industry. Apart from these, other physical and chemical properties of metallic stearate is extensively used by the rubber industry in various areas. Apart from these, lubrication properties of metallic stearate provides an immense opportunity in the cosmetic and pharmaceutical products. Lubricating properties of metallic stearate helps in tablet pressing and dragee preparation. Cosmetic products such as lipsticks, medicated ointments, eyeliners, body and foot powders, and shampoo are also driving demand in the global metallic stearate market.
Metallic stearate market also finds its application in the textile industry. It is used as antistatic agents. Metallic stearate is used for swelling and suspension aids for other additives like pigments in the ink industry. It is used as suspension agents while manufacturing liquid wax compounds and waxes. Surge in disposable income of consumers all across the world has increased the demand for premium products to improve their lifestyle. This is likely to positively influence the global metallic stearate market growth.
Metallic Stearate Market: Market Potential
Recently, a major player in the global metallic stearate market Valtris Specialty Chemicals acquired INEOS ChloroToluenes and INEOS Baleycourt. This step is likely to enhance the company’s product portfolio.
Metallic Stearate Market: Regional Outlook
On the basis of geography, Asia Pacific is anticipated to hold the leading position in the global metallic stearate market owing to growing demand from countries such as China and India. These countries are witnessing a stellar growth in the rubber, building and construction, and plastics industry. However, North America metallic stearate market stands on the second spot, and is predicted to show a steady growth during the forecast period. Growing inclination towards organic foods in the region is expected to favor market growth in the region.
Metallic Stearate Market: Companies Mentioned
Some of the key players in the global metallic stearate market are Faci S.p.A, Valtris Speciality Chemicals, Baerlocher GmbH, Dover Chemical Corporation, and Peter Greven GmbH & Co
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