Metallic Stearate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018 – 2024

Metallic Stearate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018 – 2024

Evolving Asia Pacific polymer industry

Increasing demand from various end-use industries has driven growth trends for metallic stearate consumption. Some of the most commonly used stearates include calcium, zinc, magnesium, and aluminum. They are of high commercial importance due to their lubricating, stabilizing, gelling, and water repellent characteristics. They are developed with the help of vegetable oils that are organic raw material.

With respect to the application spectrum, the product finds extreme use in polymers due to the growing demand from APAC region, since it is a hub for rubber and polymer processing industries. Metallic substrates are extensively used in fiberglass reinforced polyesters, polystyrene phenolic resins, polyolefin, and PVC. The growth in the polymer industry over the years has positively influenced the demand for the stearates gradually.

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The metallic stearate market has witnessed various mergers and acquisitions over the past few years due to the remarkable upsurge in the need for the compounds. Companies operating in the industry are aiming at enhancing their regional reach by investing in capacity expansions as well. The overall growth of the industry can be aptly attributed to the growing product demand from food, plastics, and coatings, and cosmetics customers.

Due to the increasing product demand, companies have adopted newer growth tactics to sustain in the competitive business space and consolidate their stance in the market. The competitive spectrum of global metallic stearate market is diverse, complete with a plethora of entities aiming to augment the commercialization scope of the vertical. Prominent companies include Sinwon Chemical, Allan and Valtris Chemicals, PMC Biogenix, and Dover Corporation, among various others.

In September 2017, Germany based leading specialty chemical manufacturing firm, Peter Greven GmbH & Co. KG acquired an American company- Norac Additives LLC. The transaction aimed at helping the German oleochemical developer to strengthen its position in the North American market, related to the value addition for its metallic sops and plastic additives production portfolio.

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Frequently changing price of raw materials

Metallic stearates are obtained from industrial grade stearic acid and are developed through two different methods, the double decomposition method and by reacting metal oxides with fatty acids. Frequently changing cost of raw materials such as petrochemicals and vegetable oils along with the increasing incidences of toxicity and hazards linked with production may hamper the demand for the compounds.

However, the development of the stearates with the help of bio-based products along with frequent R&D carried out with regards to the product innovation will create lucrative opportunities for the industry players.

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