Widening Applications of Metallic Stearates in Various Industries to Aid Market Growth
Metallic stearates are extensively used as an active ingredient in a range of personal care products, paints, cosmetics, lubricants, detergents, and construction materials, among others. While the adoption of metallic stearates is expected to remain higher across the industrial sector, the residential sector is expected to provide considerable business to the players operating in the current metallic stearates market. Over the past couple of decades, several regional market players, particularly in North America and Europe have forged strategic partnerships with a range of suppliers from various regions of the world to establish a solid foothold in the market.
A range of metallic stearates is available in the current market landscape, including aluminum stearates, zinc stearates, sodium stearates, and calcium stearates. Research and development activities are anticipated to play an important role in the overall growth of the global metallic stearates market during the forecast period. Rising adoption of metallic stearates especially in the construction sector is another factor expected to have a strong influence on the expansion of the global metallic stearates market in the upcoming years. The widening applications of metallic stearates due to additional research and scientific studies are expected to drive the demand for metallic stearates during the assessment period.
At the back of these factors, along with the soaring demand for various types of metallic stearates from the rubber and plastics industries, the global metallic stearates market is expected to cross the US$ 3.5 Bn mark by the end of 2030.
Rise in Demand for Magnesium and Zinc Stearates to Boost Market
Due to considerable research and major developments in the production of metallic stearates and among the different types of metallic stearates available in the market, zinc and magnesium stearates have garnered significant popularity worldwide. Zinc stearates have emerged as an effective acid scavenger and processing, and aid in various polyolefin applications. In addition, as zinc stearates significantly improve the abrasiveness of sandpapers and play the role of a matting agent in paints and coatings, the demand for zinc stearates has witnessed considerable growth in recent years– a trend that is projected to continue during the assessment period. In addition, zinc stearate is extensively used as a slipping agent, heat stabilizer, and mold releasing agent in the plastics industry due to which, the demand is expected to grow at a steady pace. Furthermore, zinc stearate is widely used as a release agent and a lubricant for thermosets and thermoplastic, a phenolic compound in cosmetics ointments, and pharmaceutical powders.
Over the past few decades, magnesium stearate is primarily used as a lubricant in pharmaceutical capsules and tablets as it is lightweight, and offers favorable lubrication and optimum adhesion. In addition, magnesium stearate is also used in the large-scale production of plastics, paints, and cosmetics due to which, the demand for the same is expected to gain further momentum. In addition, over the past few years, magnesium stearate is increasingly being used to produce medicines and dietary supplements.
The growing adoption of magnesium stearate in the production of personal care products, including mascara and eyeliner, is expected to drive the global metallic stearates market during the assessment period. The widening applications of magnesium stearate in several other industrial sectors are estimated to fast track the growth of the global metallic stearates market during the stipulated timeframe of the study.
Market Growth to Remain Slow in 2020 Due to COVID-19 Crisis
The COVID-19 pandemic is expected to hamper the growth of the global metallic stearates market, especially in 2020. Stringent lockdown measures coupled with restrictions on domestic and international trade have disrupted the supply chain across the metallic stearates market worldwide. In addition, due to the dwindling demand for metallic stearates from various end-use industries, the production of metallic stearates has moved into the slow lane in 2020. While the demand for cosmetic and plastic products has witnessed a steep descend in 2020, the sales of metallic stearates are likely to drop by a considerable margin in comparison with that in 2019.
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Metallic Stearates Market: Overview
Metallic stearates consist of alkali and ammonia metals. Metallic stearates can be soluble or insoluble in water. Solubility of metallic stearates affects its functional use. These stearates are derived from natural acids such as palmitic acid and stearic acid. Metallic stearates possess various properties such as water repellence (from non-water-soluble salts), lubrication, gelling, foam inhibition, and separating and stabilizing. These properties propel the use of metallic stearates in various end-use applications.
Rise in construction activities is expected to boost the demand for concrete, thereby driving the need of metallic stearates that are employed in construction products. In December 2018, the regulatory agency of the electrical sector of Brazil announced it had approved auctions, which involved construction, operation, and maintenance projects of 7,152 km of lines and substations, valued at around US$ 3.4 Bn in 13 states of the country.
Construction activities in North America have also increased significantly in the past few years. According to the U.S. Census Bureau, the U.S. Government spent US$ 1,369.2 Bn in construction activities in January 2020, exhibiting an increment of 1.8% from US$ 1,345.5 Bn in December 2019
In 2019, the U.S. Government spent US$ 977,366 Mn in private construction activities and US$ 328,669 Mn in public construction activities
Asia Pacific was the prominent region of the global metallic stearates market in 2019. The metallic stearates market in the region is anticipated to expand at a CAGR of 4.5% between 2020 and 2030.
Demand for Sodium Stearates to Drive Metallic Stearates Market
In terms of type, sodium stearates was the major segment with more than 20% share of the global metallic stearates market in 2019. It is estimated to continue its dominance between 2020 and 2030.
Sodium stearate is an octadecanoic acid sodium salt that can be derived from either animal or vegetable sources. It is safe to handle and stored under normal conditions. Its powder form presents an explosive hazard, and should only be handled while wearing a respirator.
Sodium stearate is a versatile material used as an emulsifier, dispersant, gelling agent, stabilizer, binder, and viscosity modifier. It is a major component of many soaps, cosmetics, and food additives.
Rise in Demand for Metallic Stearates in Powder Form
In terms of form, powder was the leading segment with more than 40% share of the global metallic stearates market in 2019. It is projected to continue its dominance between 2020 and 2030.
Powdered metallic stearates have high active surface area. They exhibit good dispersibility in final application. They also exhibit good compatibility with powder blends and have medium bulk density. Hydrophobic properties of metallic stearates prevent cosmetic products in powdered form from absorbing water and thus from forming agglomerates. Additionally, metallic stearates are used in shampoos, eyeliners, lipsticks, sun protective lotions, medicated ointments, body and foot powders, etc. Metallic stearates are added to these in relatively low dosages ranging from 0.05 to 1 %; however, significant volumes of metallic stearates are required for these applications in Europe alone.
Increase in Use of Metallic Stearates in Plastics & Rubber Application
In terms of application, plastics & rubbers was the dominant segment with more than 40% share of the global metallic stearates market in 2019. It is likely to continue its dominance between 2020 and 2030. Metallic stearates that have been used primarily as acid scavengers, lubricants and release agents by the plastics industry are gaining prominence in melt processing. Besides optimizing production, metallic stearates enable the processor to produce finished articles with smoother surfaces and lower friction.
Metallic stearates provide some unique properties that make them ideal rubber release agents. The combination of lubricity, hydrophobicity, and melt point allows these materials to be used in rubber applications.
Asia Pacific to Lead Metallic Stearates Market
In terms of volume, Asia Pacific constituted a prominent share of the global metallic stearates market in 2019
The metallic stearates market in Asia Pacific is estimated to continue to expand at a rapid pace during the forecast period
Metallic stearates are commonly added to foods, pharmaceuticals, and cosmetics. Their primary purpose is to act as lubricants in medications and vitamins. Lubricating and release properties of metallic stearates are used during dragée preparation and tablet pressing. Furthermore, their gelation capacities assist in production of ointments and creams.
The pharmaceutical industry has been expanding significantly across the world. This is estimated to propel the demand for metallic stearates during the forecast period.
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