LONDON, April 6, 2017 /PRNewswire/ -- "The
metallic stearates market is projected to reach USD 3.85 billion by 2021"
The metallic stearates market is projected to grow from an
estimated USD 2.97 billion in 2016 to
USD 3.85 billion by 2021, at a CAGR
of 5.4% from 2016 to 2021. Key factors that are expected to drive
the market include the provision of customized grades with variable
valencies that can be used for specific applications. Increasing
demand for PVC and other polymers as process materials in various
applications is also expected to fuel the growth of this market.
Metallic stearates market growth is expected to be restricted in
case of bulk grades due to the unstructured market.
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"Based on type, the magnesium stearates segment is expected to
grow at the highest CAGR during the forecast period"
Based on type, the metallic stearates market has been segmented
into zinc stearates, calcium stearates, magnesium stearates,
aluminum stearates, and others. The magnesium stearates segment is
expected to grow at the highest CAGR during the forecast period.
Insolubility of magnesium stearates in normal solvents makes it
suitable for retention improvement of creams and in the production
of wax. Compatibility in pharmaceuticals & cosmetics
applications and properties such as non-toxicity, anti-adherence,
lubrication, and binding among others, are expected to accelerate
market growth and adoption across various end-use industries.
Magnesium stearates find applications as binders, lubricants &
mold release agents, and anti-caking agents, among others.
"Based on end-use industry, the pharmaceuticals & cosmetics
segment is expected to grow at the highest rate during the forecast
period"
The pharmaceuticals & cosmetics segment of the metallic
stearates market is expected to grow at the highest rate during the
forecast period. This growth can be attributed to the rise in the
global demand for metallic stearates in pharmaceuticals &
cosmetic products. In addition, this industry is expected to
witness a growing demand from developed regions such as
North America and Europe. Calcium, magnesium, and aluminum
stearates are widely used in pharmaceuticals & cosmetic
applications. Metallic stearates are widely used in pharmaceuticals
& cosmetics in powders and ointments for skin diseases, make-up
products, fragrances & deodorants, and hair & skin care
products, among others.
"Asia-Pacific market is
expected to grow at the highest CAGR during the forecast
period"
The Asia-Pacific metallic
stearates market is expected to grow at the highest CAGR during the
forecast period and was the largest market for metallic stearates
in 2015. There is a huge demand for metallic stearates from
India, China, and Japan. Increasing populations and improving
economic conditions of the countries in this region are fuelling
the growth of the metallic stearates market.
Breakdown of profiles of primary participants:
- By Company Type: Tier 1 – 11%, Tier 2 – 33%, and Tier 56%
- By Designation: C Level - 20%, Director Level - 10%, and Others –
70%
- By Region: Europe – 33%,
Asia-Pacific - 25%, North America - 25%, Rest of the World -
17%
As part of the qualitative analysis, this report provides a
comprehensive analysis of major market drivers, restraints,
opportunities, and challenges. It also discusses competitive
strategies adopted by different market players such as 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.
Research Coverage:
The report provides an analysis of the metallic stearates market
across different regions. It aims at the estimation of the market
size and growth potential of this market across different segments
such as type and end-use industry. Furthermore, the report also
includes an in-depth competitive analysis of key players in the
market, along with their company profiles, SWOT analysis, recent
developments, and key market strategies. The global report covers
key regions such as North America,
Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa, along
with country-level analysis.
Reasons to buy this report:
This report covers the following key aspects:
- The market size by 2021 and its growth rate
- The key market trends
- The key factors that are expected to drive the market
- The challenges that impact market growth
- The key players in this market
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