- Zinc Stearates
- Calcium Stearates
- Magnesium Stearates
- Aluminium Stearates
- Lithium Stearates
- Sodium Stearates
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.
Fastest Growing Market
The market is expected to witness a significant growth due to the use of plastic, acid scavengers, mold release agents and lubricants in the plastic industry increases with zinc stearate driving the market. Zinc stearates are one of the most used releasing agents among all metallic stearates. The increasing interest in cosmetics among women around the world is serving as the main driver for the zinc metallic stearates market. They are hydrophobic, lipophilic, non-sticky and non-polar polyolefins but are soluble in polar solvents such as alcohols and ethers. Rising demands from several end-use industries such as pharmaceuticals for astringent, lubricant, mild antiseptic, and dental cement; the metal industry, the coating and paint industry, and the food industry as a nutrient supplement. Moreover, the increased demand for anti-foaming agents, paint smoothening agents, abrasive and light heat stabilizers, release agents for feet, drying lubricants, and waterproofing agents are anticipated to fuel the growth of zinc metallic stearates over the forecast years.
The metallic stearates market was valued at USD 4,438.6 million in 2022 and is expected to grow at 4.6% CAGR over the forecast period 2023 – 2029.
The adoption of sustainable methods for the disposal of metallic stearates in an environmentally friendly manner is a key opportunity for companies to enhance their revenue over the forecast years.
The increase in the use of polymers and rubber in various high-end-use industries with its growing demand in automotive, construction, packaging, and electronics is a major trend in the metallic stearates market.
Dover Chemical Corporation, Valtris Specialty Chemicals, Peter Greven GmbH & Co. KG, Baerlocher GmbH, Faci S.p.A, Seoul Fine Chemical Ind. Co., Ltd. are a few companies operating in metallic stearates market.