Metallic Stearates Market Size Is Projected To Reach $3.85 Billion By 2021

CITY – Northbrook, Country – USA, 2020-Jan-08 — /EPR Network/ —

The global metallic stearates market size is projected to reach USD 3.85 billion by 2021, at a CAGR of 5.4% from 2016 to 2021. The growing demand for metallic stearates from end-use industries has led to significant developments in the metallic stearates market. Properties of metallic stearates such as water repellent, releasing agent & lubricant, activator for rubber vulcanization, make them an important process material, especially in polymers & rubbers.

Major end-use industries of metallic stearates include polymers & rubbers, pharmaceuticals &cosmetics, building & construction, and paints & coatings, among others. Metallic stearates also find key applications in the pharmaceuticals & cosmetics industry wherein these are used in processes such as tablet manufacture, cosmetic products such as lotions, creams, and others.

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Based on type, the magnesium stearates market is expected to grow at the highest rate during the forecast period. Magnesium stearates are less toxic in comparison to other types, hence they find major applications in the pharmaceuticals & cosmetics, and paints & coatings industries. North America and Europe are the major markets for magnesium stearates, as these are major centers for pharmaceuticals and cosmetics industries. In terms of metallic stearates market size, calcium and zinc stearates lead the market by type wherein they are largely used in the polymer and rubber, building & construction, and paints & coatings industries.

The metallic stearates market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the growing demand for metallic stearates from various end-use industries such as polymers & rubbers, building & construction, paints & coatings, pharmaceuticals & cosmetics, among others. The polymers & rubbers industry among the above is the key market in the Asia-Pacific region that is expected to drive demand during the forecast period.

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The metallic stearates market is highly fragmented and competitive, with the presence of a large number of prominent players. Major companies operating in the metallic stearates market include 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. All these companies have major strategic facilities in the Asia-Pacific, North American, and European regions. These companies are undertaking organic and inorganic expansion strategies to increase their market shares and penetrate emerging markets.

Key Target Audience:

• Regional Manufacturers Associations
• Raw Material Manufacturers
• Metal Can Producers
• Traders, Distributors, and Suppliers of Can Coatings
• Government and Regional Agencies and Research Organizations

Scope of the Report:

This research report categorizes the global can coatings market based on type, application, and region; forecasts revenue growth and provides an analysis of trends in each of the submarkets.

Based on Type:

• Epoxy
• Acrylic
• Polyester
• Others

Each type is further described in detail in the report with volume forecasts until 2022.

Based on Application:

• Food Can
• Beverage Can
• General Line Can
• Aerosol Can
• Others

Each application is further described in detail in the report with value and volume forecasts until 2022.

Based on Region:

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America

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