Metallic Stearate Market by Application and Geography - Global Forecast and Analysis 2019-2023
Global Metallic Stearate Market: About this market
Metallic stearate is defined as a metal soap of steric acid or an 18-carbon chain fatty acid. Technavio’s metallic stearate market analysis considers sales from plastics, rubber, pharmaceuticals, cosmetics, and other applications. Our analysis report also considers the sales of metallic stearate in APAC, Europe, North America, South America, and MEA. In 2018, the plastics segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing production of plastics in the form of PVC will play a significant role in the plastics segment to maintain its market position. Also, our global metallic stearate market report looks at factors such as increasing demand for metallic stearates from the plastics industry, growing demand for synthetic rubber, and high demand for metallic stearates by cosmetics manufacturers. However, unavailability of raw materials, increasing demand for biodegradable plastics, and health hazards on use of cosmetics may hamper the growth of the metallic stearate industry over the forecast period.
Global Metallic Stearate Market: Overview
High demand for metallic stearates from cosmetics manufacturers
Metallic stearates are used in the cosmetics industry owing to their high gelation capacity and lubrication and release properties. They are used in shampoos, eyeliners, lipsticks, sun-protective lotions, and body and foot powders. Metallic stearates such as zinc stearate, magnesium stearate, and calcium stearate are used in cosmetics. The increasing demand for cosmetic products across the world is expected to boost the demand for metallic stearates during the forecast period. This will lead to the expansion of the global metallic stearate market at a CAGR of over 5% during the forecast period.
Rise in demand of for magnesium stearates for diversified applications
Magnesium stearate is an inorganic chemical compound that is formed by the reaction of magnesium salts with stearic acid. It is used as an anti-adherent in the manufacturing of capsules, medical tablets, and powders. Magnesium stearate exhibits lubricating properties, which prevent ingredients from sticking to the equipment that is used in manufacturing tablets and capsules. Moreover, magnesium stearates cause wettability and slow the fragmentation of tablets, thereby reducing the dissolution of the drug. In the personal care industry, magnesium stearate is used as a non-gelling thickener and lubricating agent. Thus, the rise in demand for magnesium stearate will drive the demand for metallic stearates during the forecast period.
For the detailed list of factors that will drive the global metallic stearate market during the forecast period 2019-2023, click here.
With the presence of several major players, the global metallic stearate market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading metallic stearate manufacturers, that include Baerlocher GmbH, DAINICHI CHEMICAL INDUSTRY Co. Ltd., Dover Chemical Corp., Evergreen Industries, Faci Spa, Peter Greven GmbH & Co. KG, SINWON CHEMICAL Co. Ltd., Sun Ace Kakoh (Pte.) Ltd., Univar Inc., and Valtris Specialty Chemicals.
Also, the metallic stearate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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