Market Size of Metallic Stearate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Metallic Stearate Market Analysis
The market for metallic stearate is expected to grow at a CAGR more than 5% globally during the forecast period. Metallic stearate are amalgams of long-chain fatty acids with metals of different valencies. It is made through metal soaps mixed with stearic acid. The make-up is typically of a hydrogen chain and a carboxylic group. They are formed by substituting the carboxylic hydrogen by metal to get the salt. Stearic acids are straight-chained saturated, monobasic acids found in vegetable or animal fats. Owing to the versatile and favorable chemical properties of metallic stearate, its application in rubber and plastic is growing exponentially, consequently propelling the market growth.
- However, the health hazard related to metallic stearate may hinder the growth of metallic stearate market in the near future. Moreover, the slowdown in the industrial production due to unfavorable conditions arising from the COVID-19 outbreak is also expected to hamper the market growth.
- Research on effect of metallic stearate antacid for melt stabilization performance of phenolic or phosphite antioxidants in metallocene is likely to provide opportunities for the metallic stearate market over the next five years.
- Asia-Pacific region dominates the metallic stearate market, owing to the climbing consumption of metallic stearate in rubber and plastic segment from countries like China, India etc.
