The metallic stearates market is segment into end user such as building & construction, polymer & rubber industry, paints & coatings, pharmaceuticals & cosmetics and others. Among this polymer & rubber industry is expected to dominate the overall market and is projected to reach a remarkable CAGR by 2027. Further, strong demand of the metallic stearate as ant caking compound in building and construction is likely to positively drive the growth of the market.
Global metallic stearates market is expected to flourish at a CAGR of 6.1% over the forecast period. Moreover, rising demand of the water repellent and stabilizing polymer which causes less pollution as compared to traditional is likely to bolster the growth of the metallic stearates market globally. The market of metallic stearates is rising on the back of the advancement and expansion of the plastic and rubber industries.
In terms of regional platform, Asia Pacific accounted for the largest market of global metallic stearates in terms of revenue in 2017. Moreover, presence of emerging economies such as China and India and positive GDP figures are believed to foster the growth of metallic stearates market in this region. Continuous growing demand of the metallic stearates at the end user such as pharmaceuticals & cosmetics polymers & rubbers, building & construction, and paints & coatings, building & construction is anticipated to foster the global market. Apart from this, North America metallic stearates market is anticipated to grow at a significant pace due to rise in sales of cosmetic products.
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Increasing Utilization at End User Industries
Due to its properties such as water repellence, separating property, stabilizing effect, gelling capacity, foam inhibition and lubrication property, it is widely used as intermediate in various sector. The growing demand of metallic stearates at the end user industries is expected to drive the growth of the metallic stearates market over the forecast period.
Growing Demand in Plastic and Rubber Industries
Due to its high stable long carbon structure metallic stearates is used as intermediate agent in the manufacturing of the several polymers such as PVC. Demand of the PVC products increases as per the growing population. This factor is anticipated to foster the growth of the market.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global metallic stearates market which includes company profiling of Nimbasia Stabilizers, Seoul Fine Chemical Ind, Peter Greven GmbH & Co. KG, Baerlocher GmbH, PMC Biogenix, James M. Brown Ltd., Nimbasia Stabilizers, Marathwada Chemicals, IRRH Specialty Chemical and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aircraft control equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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