Major drivers in the market include the provision of customized grades with variable valencies and the rising demand from emerging countries in the Asia-Pacific region. In addition, the growing demand for PVC and other polymers in various applications is expected to drive the metallic stearates market.
Based on type, the zinc stearates segment is projected to lead the metallic stearates market during the forecast period
Based on type, the zinc stearates segment led the metallic stearates market in 2015. This growth can be attributed to the rising demand from the polymers & rubbers and pharmaceuticals & cosmetics industries. Zinc stearates are one of the most used releasing agents among all the metallic stearates. Owing to their insolubility in polar solvents, sharp melting point, lubricity, and hydrophobicity, among others, zinc stearates witness a higher demand than any other type of metallic stearates. Zinc stearates find applications in rubber processing, polyester, polyurethane, and powder metallurgy, among others.
Metallic stearates are widely used in the polymers & rubbers industry
Based on end-use industry, the polymers & rubbers segment led the metallic stearates market in 2015. This growth can be attributed to the rising demand from the Asia-Pacific region, as this region is a hub for the polymers & rubbers processing industry. Metallic stearates in polymers & rubbers are used in rubber tires, fiberglass reinforced polyesters, phenolic resins & compounds, polyolefin, polystyrene, and PVC, among others. Growth in the polymer industry is expected to lead to an increase in the demand for metallic stearates.
Asia-Pacific is the largest market for metallic stearates
The Asia-Pacific region was the largest market for metallic stearates in 2015 and is expected to continue to lead in the coming years. This region is witnessing a significant demand for metallic stearates from various end-use industries such as polymers & rubbers, pharmaceuticals & cosmetics, building & construction, and paints & coatings. Continuous rise in industrial activities such as manufacturing & infrastructure, and economic development are fueling the growth of the metallic stearates market in the region. Furthermore, the increasing demand for high-quality pharmaceuticals & cosmetic products and rising population, have led to an increase in the demand for metallic stearates in the region. Emerging countries in the Asia-Pacific region such as China and India have witnessed significant demand for metallic stearates.
Key players in the metallic stearates market are Baerlocher GmbH (Germany), Dover Chemical Corporation (U.S.), FACI S.p.A (Italy), Peter Greven GmbH & Co. KG (Germany), Sun Ace Kakoh (Pte.) Ltd. (Malaysia), and Valtris Specialty Chemicals (U.S.) among others.
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