Metallic Stearates Market: By Type (Zinc Stearates, Calcium Stearates, Magnesium Stearates, Aluminium Stearates, Lithium Stearates, Sodium Stearates, Others), By End-User (Polymer & Rubber, Pharmaceutical, Cosmetics, Building & Construction, Paints & Coatings, Others) and Geography

Metallic Stearates Market was valued at USD 4,438.6. million in 2022 and is poised to grow at a CAGR of 4.6% over 2023-2029. Metallic stearates are metal soaps of stearic acid that are used in lubricants, release agents, stabilizers and water repellants. The long chain of hydrocarbons makes them water-resistant and have a relatively high melting point. They are commonly used as plastics, rubbers, coatings, and in construction. The extensive use of polymers in various industries due to their properties such as high strength, durability and lightweight nature are currently in the market. The increasing awareness of sustainability has led to an opportunity for research on the incorporation of metallic stearates in PLA (Poly Lactic Acid) compounds that showed higher thermomechanical degradation during processing. Other than that bio-based metallic stearates are also coming up as an alternative to reduce carbon footprint compared to conventional metallic stearates. But owing to the adoption of stringent environmental regulations against the burning of metallic stearates and their disposal in water and soil causes air, water, and soil pollution respectively, people are switching to other alternatives. According to statistics, global plastic production was almost 400 metric tons in 2021 and is expected to increase thus further increasing the use of metal stearates in the forecast years. However, with the growing global plastics and rubber industries along with increasing demand in cosmetics and pharmaceutical applications, the market is anticipated to grow in the forecast years.

Metallic Stearates Market Key Developments:

• In July 2021, Akrochem a core rubber and plastics business acquired Bech Chem a paint, coatings, and lubricants market.
• In May 2019, Baerlocher a global additives manufacturer invested in its Malaysian subsidiary- Seremban site for an additional production line for metal stearates, a new warehouse, and an office facility.
• In October 2021, Baerlocher GmbH invested in its production plant in Bury to increase the capacity of its calcium-based PVC stabilizer plant by more than 50%
• In March 2021, Baerlocher expanded its production site in Dewas in India with the new production factory having a capacity of 30,000 tons per year to produce Ca-based PVC stabilizers exclusively.