According to Acumen Research and Consulting, the global Metallic Stearate market size is estimated to grow at CAGR above 5.3 % over the forecast time frame and reach the market value around USD 5.21 billion.
The increasing demand for cosmetics and pharmaceutical products and the rise of the global plastics and rubber industries are expected to drive growth. As stearates for metal, various applications, including plastics, rubbers, pharmacists and cosmetics, are utilized for a wide array of products including aluminum, zinc and calcium stearates. In the forecast years the rapid growth of the plastics industry and the growing demand for the refining of plastics surface texture are anticipated to propel the market. Moreover, the increased use of mold release agents in the rubber industry is also likely to drive the demand for stearates in metal.
The producers focus on R&D and advanced technology production. The most widely used method for the production of metal stearates is precipitation or double decomposition. The precipitation rate controls particle size, surface area and morphology during this process. The method produces fine particles of high-surface metal stearates. It is possible to use them as lubricants and releases. The process of direct reaction involves the reaction at high temperatures between stearic acid and metal oxide. A number of technologies are used to monitor the surface properties of metal stearates, such as X-ray diffraction, SEM microscopy, and spectra of the IR.
Over the past few years, the worldwide production of plastics has increased rapidly. China, followed by Europe and the North American Free Trade Agreement (NAFTA), was the world's largest producer of plastics. Germany was Europe's leading plastics manufacturer. Turkey, Italy, France, Poland and Russia are also important plastics producing countries in Europe.
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Zinc led the global metallic stearate market in 2018
In polar solvents, like ether and alcohol, it is insoluble but is soluble in chlorinated hidrocarbons and aromas. As zinc stearate has no electrolyte and a hydrophobic substance, it is considered to be the most powerful mold release agent. In rubber and plastic industries they are used as release agents and lubricants. The stearate of calcium is a white waxy powder classified as a soap in calcium. It is insoluble in most solvents and dissolves a little when chlorinated, aromatic, mineral and vegetable oils and waxes have been heated. Calcium stearate is mainly employed in the plastics industry as a mold release agent, lubricant, and acid scavenger. The construction sector uses it as a hydrophobic agent to preserve and prevent moisture absorption of building and building materials. As anti-cacking additives for granules and powders, the cosmetics and pharmaceutical industry use it.
The stearates of aluminium are commonly used in the production of aluminum grades. These types of grades are highly hydrophobic and characterize the metallic surfaces with transparency and proper adhesion. Due to their excellent water repellents, aluminum stearates are used as water repellent ingredients in paint and coatings and materials of the construction industry. In water, esters, lower alcohols and ketones aluminum mono-, di-and tri-stearates is insoluble. Key players like Peter Greven GmbH & Co. The usage of Aluminum Stearates for buliding and construction, and cosmetics industries are used by KG, Baerlocher GmbH, Valtris Specialty Chemicals and Norac Additives.
Regional Outlook
In 2018, the largest regional market was Asia Pacific. Asia Pacific. In the past couple of years, robust economic growth has increased demand in India, China and Southeast Asia in many product applications. The increased demand for products in paints, coatings, rubber and plastics has been boosted by increased construction and automotive production.
Major Players
The Metallic Stearate market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Valtris Specialty Chemicals, Peter Greven GmbH & Co., Dover Chemical Corporation. Faci S.p. A, NoracAdditives, KG Baerlocher, GmbH. among others.
The key players are positively affected by product differentiation and expansion. Manufacturers are focused on developing surface - enhanced products. One of the main areas where manufacturers focus on production is the addition of stearic acid based on vegetable oil.
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