ID: MRFR/CnM/3760-HCR | 110 Pages | Published By Priya Nagrale on March 2023
Zinc Stearate market is projected to be worth USD 2.3 Billion by 2028, registering a CAGR of 6.2% during the forecast period (2021 - 2028).
Zinc stearate market overview:
Zinc Stearate market is expected to grow USD 2.3 billion at a CAGR 6.2% during the forecast period. Zinc stearates are formed from the combination of stearic acid and zinc oxide and are utilized in several industrial applications. Due to the sharp melting point, excellent lubricating properties, separating properties, repellence, gelling, stabilizing, foam inhibition, and significant others. Such factors have made zinc stearate stand out from other stearates and thereby deployed across end-user industries such as pharmaceutical, cosmetics, plastics manufacturing, paper, construction, and others. The industrial boom in developed countries like China and the increasing demand for plastic production is uplifting the overall growth of the Zinc Stearate industry in recent years.
The requirement for appearance enhancement of the rubber and plastics and the increasing rubber production because of the demand for efficient transportation is considered the major drivers of Zinc stearate market growth. The intensive utilization across the paper industry and pharmaceutical industry and the advancements in these industries are expected to propel the overall growth of the Zinc Stearate industry during the forecast period. Developed countries like Europe, and North America are exhibiting higher growth rates in the Zinc stearate industry because of the developing infrastructure and improved economic conditions. Also, the utilization of Zinc stearates as releasing agents, emulsifiers, and thickening agents is increasing their utilization overall and thereby impacting the Zinc stearate market growth.
The global Zinc Stearate market share by end use (2016), (%)
Source: MRFR Analysis
The global zinc stearate market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, the Asia Pacific region is the largest market in terms of value and volume as of 2016. The region has accounted for the largest global shares and it is likely to retain its dominance in the coming years due to potential growth represented by China and India. Increasing export activities in this region derives the production and consumption trend of zinc stearate. Apart from this, increasing consumer base in this region due to vast growth in the population is expected to propel the regional demand in the coming years. Europe is another growth potential market growing at a steady rate. Developing infrastructure in this region along with improving economic conditions of some countries are likely to fuel the market growth. Furthermore, North America has been growing at the pace as the European region, from the past seven years due to growing focus of key industry participants in this market
The global zinc stearate market is segmented on the basis of application, end use industry, and region. On the basis of the applications, the market is classified into releasing agent, emulsifier, and thickening agent, and others. Market segmentation based on the end use industries includes rubber industry, plastic industry, paints & coatings, pharmaceutical, cosmetics, paper industry, and construction & others. On the basis of the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Some of the prominent players operating in the zinc stearate market are Dover Chemical CorporationTerms (U.S.), Baerlocher GmbH (Germany), Faci Asia Pacific Pte Ltd (Italy) , Peter Greven GmbH & Co. KG (Germany), Valtris Specialty Chemicals (South Africa), Norac Additives (U.S.), Nikunj Chemicals (India), Pratham Stearchem Pvt. Ltd (India), Linan Huali Plastic Co., Ltd.(China)and Nimbasia (India).Recent Development
One of the leading market players, Baerlocher had introduced Zinc stearate SW-100 powder, with beneficiary characteristics such as medium bulk density, good flow, and supreme blending characteristics which are expected to offer supreme lubrication, mold release properties, and dispersion properties. Therefore Zinc stearate SW-100 can be utilized for applications that possess self-lubricating components. Its consistency over the chemical and mechanical properties combined with the quality have gained itself FDA approval under indirect food contact applications.
Valtris Specialty chemicals are considered as one of the leading market players had developed Synpro Zinc stearate S-1058 which is manufactured with fine techniques specially prepared for low viscosity dispersions. It also exhibits beneficiary features such as good viscosity control, and surface quality, and is capable of combining fine particle sizes with lower liquid absorption.
The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
|Market Size||2030: Significant value|
|CAGR||2020–2030: 3.20% CAGR|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Dover Chemical CorporationTerms (U.S.), Baerlocher GmbH (Germany), Faci Asia Pacific Pte Ltd (Italy) , Peter Greven GmbH & Co. KG (Germany), Valtris Specialty Chemicals (South Africa), Norac Additives (U.S.), Nikunj Chemicals (India), Pratham Stearchem Pvt. Ltd (India), Linan Huali Plastic Co., Ltd.(China)and Nimbasia (India)|
|Key Market Opportunities||Its use as a color enhancer in plastic enhancer, diverse range of applications in cosmetic, and dynamic rubber production.|
|Key Market Drivers||Dynamic plastic production and consequently need for color enhancer during the production are set to increase the usage of zinc stearate.|
The forecast period for Zinc Stearate Market research report is 2020-2030.
Global Zinc Stearate Market is dominated by APAC region.
Some of the prominent players operating in the zinc stearate market are Dover Chemical CorporationTerms (U.S.), Baerlocher GmbH (Germany), Faci Asia Pacific Pte Ltd (Italy) , Peter Greven GmbH & Co. KG (Germany), Valtris Specialty Chemicals (South Africa), Norac Additives (U.S.), Nikunj Chemicals (India), Pratham Stearchem Pvt. Ltd (India), Linan Huali Plastic Co., Ltd.(China)and Nimbasia (India)