Stearates are esters of fatty acids widely used as additives due to its lubricating property. It helps in reducing the friction between polymers and fillers. They can be classified into metal stearates and non-metal stearates. Metal stearates include calcium stearate, zinc stearate, and magnesium stearate whereas non-metal stearates encompass glycerol monostearate (GMS) and various types of animal fats.
Market Dynamics
The increasing innovations by major stearates manufacturers on developing an innovative production process for metallic stearates is projected to offer potential market opportunities. Manufacturers are focusing on R&D to develop more innovative and eco-friendly technologies for the production of metallic stearates.
The rising demand for stearates from the pharmaceutical industry is expected to accelerate market growth. It is used as anti-caking additive for granules and powders in the production of the drugs. Growing geriatric populations is creating demand for healthcare need such as drugs and medical devices. Also, increasing production of the drugs and other pharmaceutical products to cater to rising demand is projected to bolster the market growth of the stearates.
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