Metallic stearates, are used in paints and coatings for decades where they are added to pigments to keep them separating from oil in the tube thus stopping synthetic fat from forming soap when binding with substances like pigments. Metallic stearates are also used as lubricants, process aids, and mold release agents for a wide variety of plastics manufacturing. Besides, they find a broad application scope in the production of rubber, pharmaceuticals cosmetics, building construction, coatings, and others.
It is that Metallic Stearates witness a vast uptake and demand from several burgeoning industries such as automotive, and construction among others. Which works as a key driving force for the market growth of the metallic stearates industry. Additionally, the increasing use of these substances in the production of rubber and plastics along with the augmenting demand from the automotive aerospace sector is escalating the market growth on the global platform.
Acknowledging the massive traction that the market is perceiving currently, Market Research Future (MRFR) in its recently published study report mentions that the already booming global metallic stearates industry is expected to garner further prominence over the assessment period.
Additional factors substantiating the market growth include technological advancement and the rapid urbanization that is prompting the continuous growth of the building construction sector, growing with the increasing population, and improving economic conditions that are enhancing consumers’ purchasing power.
On the flip side, fluctuating prices and demand and the supply gap of feedstock necessary for the production of these products are some of the key factors obstructing the market growth. Conversely, the rise in the consumption of these products as impermeable agents and anti-caking agents in the burgeoning building construction sector along with the increasing construction activities in the developed and developing regions is expected to provide impetus to the market growth to an extent.
Global Metallic Stearates Industry – Segments
The MRFR analysis has been segmented into three key dynamics for the convenience of understanding.
By Products: Magnesium, Aluminum, Zinc, and Calcium among others.
By Application: Plastics, Rubber, Cosmetics, Building Construction, Coatings, and Pharmaceuticals among others.
By Region: North America, Europe, APAC, and Rest-of-the-World.
Global Metallic stearates industry – Regional Analysis
Geographically, the global metallic stearates industry has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. As per MRFR analysis, Asia-Pacific was the largest market for metallic stearates in 2017 and is expected to remain dominant during the review period. North America accounted for 19.8% of the global market share in 2017, with the US being the major contributor. The rising demand for pharmaceuticals and cosmetics coupled with the high disposable income of the consumers is expected to be the major driver for the growth of the metallic stearates industry in the region.
Browse Full Report @ https://www.marketresearchfuture.com/reports/metallic-stearates-market-4901
Global Metallic stearates industry – Competitive Landscape
The market appears to be highly fragmented and competitive with the presence of several well-established players having a regional and global presence. Innovation, mergers acquisitions, and brand reinforcement remain the key trends for leading players. They strive to develop metallic stearates designed to reduce downtime and maintenance with longer life and lower costs. The market is projected to witness fierce competition owing to the expected extensions in products and innovations.
PMC Group, Inc. (US.), James M. Brown Ltd. (UK), Dover Chemical Corporation (US.), FACI SPA (Italy), Baerlocher GmbH (Germany), Peter Greven GmbH Co. KG (Germany), Sun Ace Kakoh (Pte.) Ltd (Singapore), Valtris Specialty Chemicals (US), Nimbasia (India), and IRRH Specialty Chemicals (India) are some of the prominent players operating at the forefront of the competition in the Global Metallic stearates industry and are profiled in MRFR Analysis.
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