Metallic stearates are compounds with long-chain fatty acids with metals having various valences. They are salts or soaps produced from the reaction between stearic acid and metal salts. Some of the metallic stearates are insoluble in water, but some of the long-chain fatty acids with alkaline metals or ammonia are soluble in water. The major properties provided by metallic stearates are water repellency, gelling capacity, low melting point, and foam inhibition, which make it useful for several applications. The most significant metallic stearates produced include zinc, calcium, and magnesium stearates. The North America metallic stearates market was worth USD 0.86 billion in 2020 and is estimated to rise at a current CAGR of 3.40% during the foreseen period to reach USD 1.02 billion by 2025.
PMC Biogenix declares price escalation on metallic stearates. The PMC Biogenix declares that, as an output of quickly rising commodity oils price, costs for all grades of metallic stearates will escalate by USD 0.10/lb.
Market drivers and restraints:
The rising adoption for enhancement of the surface texture of plastics and decrease friction is the significant factor driving the product call in the plastic business. The expansion of the North American metallic stearates market has mainly been benefitted by its rising employment in the plastic and rubber businesses. However, stringent regulations and fluctuations in raw material costs hamper the rapid expansion of this industry.
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Report segmented as:
· fine powder
· coarse powder
· pastilles & prills
· food & beverages
· building & construction
The North American metallic stearates market had around 19.8% of the global share and is expected to witness a CAGR of 4.82% during the foreseen period. The high demand for cosmetics owing to the rising working population and increasing disposable income are factors driving the regional market expansion.
Important market players:
The major players in the North American metallic stearates market include Dover Chemical Corporation (US), Baerlocher GmbH (Germany), FACI SPA (Italy), Peter Greven GmbH & Co. KG (Germany), Valtris Specialty Chemicals (US), Sun Ace Kakoh (Pte.) Ltd (Singapore), Nimbasia (India), Marathwada Chemicals (India), IRRH SPECIALTY CHEMICALS (South Korea), Akrochem Corporation (US), Lumega Industries (India), PMC Biogenix, Inc (US), James M. Brown Ltd (UK), Sinwon Chemical Co., Ltd (South Korea), and PROMAX Industries ApS (Denmark).
The players operating in the global metallic stearates market are mainly focusing on agreements and collaborations, along with growing their global footprints by entering the untapped markets.
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