With 4.2 % CAGR, Metallic Stearates Market Size to Hit USD 3,178.0 Mn by 2028 | Report by Future Market Insights, Inc. – QNT Press Release

China Metallic Stearates Market holds more than 35% global market share, and is expected to continue its dominance through 2028. Polymer & plastics are expected to generate 32% of metallic stearates demand. US is expected to gain significant market share of more than 25% in revenue terms by 2028 end for metallic stearates market.

NEWARK, Del., Sept. 2, 2022 /PRNewswire/ — The global metallic stearates market is projected to reach a valuation of US$ 3,178.0 Mnwith sales growing at an average CAGR of 4.2% over the forecast period of 2022 to 2028. Scaling up from a value of US$ 2,397.95 Mn in 2021, the metallic stearates market is likely to reach an estimated US$ 2,478.4 Mn in 2022. Heightened adoption of metallic stearates in various end-use industries like pharmaceuticals, plastic, and construction will propel the market over the projected period.

Composites of fatty acids with metal oxides are categorized as metallic stearates. Though some stearates are not soluble in water, all metallic stearates possess many essential properties such as gelling capacity, stabilizing effects, separating properties, etc., that culminate in their wide range of applications in various industry verticals. These stearates are used as water-repelling agents, lubricating agents, defoamers, and many others. Metallic stearates are gaining massive traction in the plastic industry where they are used as lubricants, acid scavengers, and releasing agents. Metallic stearates aid the processor in producing a product with better finishing, smoother surfaces, and relatively low friction.

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Moreover, enhanced lubricating and release properties of metallic stearates ensure massive scope for the product in the pharmaceutical and cosmetic industry. Shampoos, eyeliners, lipsticks, sun-protective lotions, medicated ointments, and body and foot powders, among others, contain metallic stearates. In the pharmaceutical sector, metallic stearates are utilized on a vast scale in tablet pressing and drug preparation. Some of the other applications of metallic stearates are as antistatic agents in the textile sector, as swelling and suspension aid in the ink sector, and as lubricants and release agents in the metal-processing industry. All of these numerous applications of the product promote a positive market environment for metallic stearates over the forecast period.

“Rising adoption of metallic stearates in industry verticals like plastic, chemicals, pharmaceuticals, construction, and many others will presumably boost market prospects for metallic stearates over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Opportunities in the textile industry to bolster market growth over the forecast period.
  • China is predicted to dominate the market space over the forecast period, accounting for over 30% of the global market share.
  • Escalating research and development activities are likely to fuel the market growth …

Full story available on Benzinga.com

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