Market Size of Calcium Stearate Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 0.87 Billion |
Market Size (2029) | USD 1.13 Billion |
CAGR (2024 - 2029) | 5.32 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Calcium Stearate Market Analysis
The Calcium Stearate Market size is estimated at USD 0.87 billion in 2024, and is expected to reach USD 1.13 billion by 2029, growing at a CAGR of 5.32% during the forecast period (2024-2029).
In 2020, the COVID-19 pandemic negatively impacted the market. However, the market has now reached pre-pandemic levels, and it is expected to grow steadily in the future.
- Over the medium term, major factors driving the market are the increasing construction activities and the increasing demand for PVC and other plastics worldwide.
- The shift toward magnesium stearate is expected to hinder the growth of the market.
- The rising usage of calcium stearate in the food and beverage industry is expected to create opportunities for the market.
- Asia-Pacific is the biggest market in the world, with countries like India and China being the primary consumers.