Metallic Stearates Market

Metallic Stearates Market Research, 2031

The global metallic stearates market was valued at $4.0 billion in 2021, and is projected to reach $6.2 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

The metallic stearates market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the building & construction, plastic manufacturing, and other end-use sectors. According to an article published by CNA, the Construction Industry Joint Committee (CIJC) has said that the shortage of manpower may lead to delays in construction projects attributed to workplace safety, and other factors.

The metallic stearates market is segmented into Product Type, Form and Application.

Metallic stearates are metal salts of an 18-carbon chain fatty acid, known as stearic acid. They are commonly produced by the reaction between a stearic acid and metal salts, such as metal oxides, metal hydroxides, metal sulphate, and metal chloride. The most important metallic stearates, in terms of quantity, are the metallic stearates of aluminum, calcium, magnesium, and zinc. They find applications in several industries, such as polymer & rubber industry, pharmaceuticals & cosmetics, building & construction, paints & coatings, and others.

The growth of the global metallic stearates market is driven by increase in demand for rubber manufacturing sectors wherein metallic stearates are widely used as external lubricant during rubber manufacturing. In addition, rise in demand for both, residential & commercial facilities have surged the growth of paints & coatings sector, which in turn has escalated the demand for highly efficient metallic stearates that are used to provide long-term heat resistance and enhance the glossy finish of paints. This is predicted to foster the demand for metallic stearates during the forecast period.

However, the prolonged exposure of metallic stearates above concentration limits may cause several health-related disorders. For instance, inhalation of zinc stearate produces lung damage and death in some infants upon single exposure. Furthermore, magnesium stearate can irritate the mucus lining of the bowels, which in turn are expected to trigger a bowel movement or diarrhea and immune dysfunction. These factors are anticipated to restrain the growth of metallic stearates market during the forecast period.

On the contrary, increasing demand for polymers from various end use sectors such as healthcare, construction, automotive, and others where metallic stearates widely used in polymer and poly vinyl chloride (PVC) manufacturing for heat and light stabilization purposes may offer lucrative opportunities for the metallic stearates market in the coming future.

The metallic stearates market is segmented into product type, form, application, and region. On the basis of product type, the market is bifurcated into calcium stearate, zinc stearate, aluminum stearate, lithium stearate, magnesium stearate, sodium stearate, and others. By form, the market is classified into powder, granules, and others. Depending on the application, it is fragmented into plastics, pharmaceuticals, cosmetics, rubber, paints & coatings, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in this report include Akrochem Corporation, Baerlocher GmbH, Dover Chemical Corporation, Faci Asia Pacific Pte Ltd, Peter Greven GmbH & Co. KG, PMC Biogenix, Inc., PROMAX Industries ApS, Sinwon Chemical Co., Ltd., Univar Solutions Inc., and Valtris Specialty Chemicals.

The Asia-Pacific metallic stearates market size is projected to grow at the highest CAGR of 5.2% during the forecast period and accounted for 37.2% of metallic stearates market share in 2021. This is attributed to the increase in demand for paper for books, newspapers, and periodicals, which has led the paper manufacturing sector to witness a significant increase in demand for metallic stearates, where calcium stearates are widely used as lubricant to prevent paper from dusting and fold cracking. For instance, according to a report published by International Project Management Association (IPMA) in May 2022, paper consumption in India is projected to grow by 6-7% per annum in the next five years so as to reach 30 million tons by 2027.

By product type, calcium stearate segment dominated the global market in 2021, and is anticipated to grow at a CAGR of 5.0% during forecast period. This is attributed to the increase in demand for paper for books, newspapers, and periodicals, which has led the paper manufacturing sector to witness a significant increase in demand where calcium stearates are widely used as lubricant to prevent paper from dusting and fold cracking.

By form, the powder segment dominated the global market in 2021, and is anticipated to grow at a CAGR of 4.3% during forecast period. This is attributed to advantages, such as ease of storage, transportation, rapid onset action, and high efficiency, which have made customers to be more linear towards using powdered form of metallic stearates.

In 2021, the plastics segment was the largest revenue generator, and is anticipated to grow at a CAGR of 5.2% during the forecast period. This is attributed to the growth of the automotive and electronic markets, subsequent demand for lightweight components to improve the efficiency of vehicles, and reduce the weight of electronics components are major factors contributing to the growth of the plastic industry, where metallic stearates are widely used as lubrication aids during plastic manufacturing process.

IMPACT OF COVID-19 ON GLOBAL METALLIC STEARATES MARKET

• The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
• The metallic stearates market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the building & construction, plastic manufacturing, and other end-use sectors. The increasing risk of infection among the workforce has resulted in delayed construction projects amid the COVID-19 scenario. For instance, according to an article published by CNA, the Construction Industry Joint Committee (CIJC) has said that the shortage of manpower may lead to delay in construction projects attributed to workplace safety, and other factors.
• Moreover, several sustainable plastic manufacturers have either shut down or shrank their operations, which in turn have resulted in supply chain disruptions.  
• Also, different raw materials for producing metallic stearates are purchased or hired from other enterprises. The decreased purchasing potential of suppliers has also negatively impacted the market amid the COVID-19 scenario.    
• Furthermore, the COVID-19 pandemic has led to disruptions in transportation, contractual implications problems, labor shortage, and other factors that together have led the paints & coatings sector to witness a downfall.
• However, emerging geographic scenarios, enhanced domestic supply chain, and strong public investments are projected to drive the growth of metallic stearates market in the growing construction sector. For instance, according to an interim report for the 2021 Australian infrastructure plan, the Australian Construction Industry Forum (ACIF) expects the construction industry to return to pre-COVID-19 levels by 2022-23, driven by strong public investments. This is predicted to boost the growth of the metallic stearates market post-COVID-19 period.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metallic stearates market analysis from 2021 to 2031 to identify the prevailing metallic stearates market opportunities.
• Market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• An in-depth analysis of the metallic stearates market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global metallic stearates market trends, key players, market segments, application areas, and market growth strategies.

 Metallic Stearates Market Report Highlights