Published by Coherent Market Insights
Posted on September 24, 2021
The global stearates market is estimated to account for US$ 4,747.0 Mn in terms of value and 1,604.3 Kilo Tons in terms of volume.
Stearates are classified as additives that are widely used across polymer, packaging, pharmaceutical, and paints &coatings industry. They are classified into metal stearates and non-metal stearates. Stearates helps in reducing the friction between two components especially polymers as they tend to get sticky during the production process. They are also used across the metal industry to enhance the processing of the machines.
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Key companies covered as a part of this study America eChem Inc., Baerlocher GmbH, Corporación Sierra Madre S.A. de C.V., Dover Chemical Corporation, FACI S.p.A., Ferro Corporation, Hummel Croton, Inc., Mallinckrodt Pharmaceuticals, Mexichem S.A.B. de C.V., and Nitika Pharmaceutical Specialities Private Limited (Nitika Chemicals)
Market Key Drivers and Opportunities
High demand for stearates from the polymer and rubber industry is primarily fueling market growth. They offer excellent gelling, lubricating, stabilizing, and anti-caking properties during the production process. Moreover, they also reduce the extruder pressure during the compounding of polyolefins and PVC. Metal stearates used in the polymer industry act as an acid scavengers for plastic applications.
Increasing production of plastics especially across China is projected to serve major growth opportunities for the market of stearates. At present China is accounted for the largest producers of the plastics. Growth in plastic production is attributed to the increasing demand for plastics from various end-user industries such as electronics, automotive, pharmaceuticals, and packaging. Thus growing production of plastics is augmenting the market growth of the stearates over the forecast period.
Global Stearates Market – Impact of Coronavirus (Covid-19) Pandemic
The rising demand of pharmaceutical industry during the pandemic period is expected to drive the stearates market globally owing to rising consumption of medicines. The stearates are the main components used in manufacturing of capsules and medicines thereby, expected to grow at a noteworthy rate by the year 2027.
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Key Takeaways:
Plastic and rubber processing segment dominated the global stearates market in 2019, accounting for 56.4% share in terms of value, followed by building & construction and others segment, respectively. Sodium stearate segment dominated the global stearates market in 2019, accounting for 24.9% share in terms of value, followed by zinc stearate and others segment, respectively.
Frequently Asked question:
The post Stearates Market To Reach Around US$ 7,056.9 Million By 2027-CMI appeared first on Gatorledger.
The global stearates market is estimated to account for US$ 4,747.0 Mn in terms of value and 1,604.3 Kilo Tons in terms of volume.
Stearates are classified as additives that are widely used across polymer, packaging, pharmaceutical, and paints &coatings industry. They are classified into metal stearates and non-metal stearates. Stearates helps in reducing the friction between two components especially polymers as they tend to get sticky during the production process. They are also used across the metal industry to enhance the processing of the machines.
Request Sample Copy of the Report:
https://www.coherentmarketinsights.com/insight/request-sample/4131
Key companies covered as a part of this study America eChem Inc., Baerlocher GmbH, Corporación Sierra Madre S.A. de C.V., Dover Chemical Corporation, FACI S.p.A., Ferro Corporation, Hummel Croton, Inc., Mallinckrodt Pharmaceuticals, Mexichem S.A.B. de C.V., and Nitika Pharmaceutical Specialities Private Limited (Nitika Chemicals)
Market Key Drivers and Opportunities
High demand for stearates from the polymer and rubber industry is primarily fueling market growth. They offer excellent gelling, lubricating, stabilizing, and anti-caking properties during the production process. Moreover, they also reduce the extruder pressure during the compounding of polyolefins and PVC. Metal stearates used in the polymer industry act as an acid scavengers for plastic applications.
Increasing production of plastics especially across China is projected to serve major growth opportunities for the market of stearates. At present China is accounted for the largest producers of the plastics. Growth in plastic production is attributed to the increasing demand for plastics from various end-user industries such as electronics, automotive, pharmaceuticals, and packaging. Thus growing production of plastics is augmenting the market growth of the stearates over the forecast period.
Global Stearates Market – Impact of Coronavirus (Covid-19) Pandemic
The rising demand of pharmaceutical industry during the pandemic period is expected to drive the stearates market globally owing to rising consumption of medicines. The stearates are the main components used in manufacturing of capsules and medicines thereby, expected to grow at a noteworthy rate by the year 2027.
Buy This Complete A Business Report With Flat US $2000 Off @ https://www.coherentmarketinsights.com/promo/buynow/4131
Key Takeaways:
Plastic and rubber processing segment dominated the global stearates market in 2019, accounting for 56.4% share in terms of value, followed by building & construction and others segment, respectively. Sodium stearate segment dominated the global stearates market in 2019, accounting for 24.9% share in terms of value, followed by zinc stearate and others segment, respectively.
Frequently Asked question:
The post Stearates Market To Reach Around US$ 7,056.9 Million By 2027-CMI appeared first on Gatorledger.
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