Metallic Stearate Market Size

Metallic Stearate Market Size

Metallic Stearate Market size was over USD 3 billion in 2017 and industry expects consumption of above 2 million tons by 2024.

Metallic stearates are well-defined metal soaps of an 18-carbon chain fatty acid, identified as stearic acid. They can be used for various purpose including rubber, polymer, pharmaceuticals, food, cosmetics, paint & coatings, and construction industry. They are derived from plant or animal based fatty acid. They do not possess definite chemical compounds but contain complex blend of combined fatty acids or hydroxides

Global rubber demand is expected to grow at a rate of over 3.9% annually to reach over 30 million tons in 2019. Metallic stearates are used in rubber industry owing to their ability to avoid rubber from sticking to mold as well as to itself. The rubber industry utilizes physical and chemical properties of the product in several ways. The chemical structure consists of a stable hydrocarbon bond which is insoluble in water providing hydrophobic nature to the product boosting metallic stearate market growth.

Global paper and cardboard production industry sized to surpass 400 million tons in 2014. Metallic stearates are utilized due to its melting point, hydrogen solubility and water repellence properties. They are extensively used in paper, cosmetic & stationery product industry owing to its lubricating property. It helps in preventing cracks in paper while folding. They are also utilized in making paperboard which is a major product used in packaging industry.
 

Rising disposable income of consumers has led to  increased expenditure on premium products in order to enhance their lifestyle. The U.S., Germany, UK, China, India and Japan are key consuming countries. They utilize product in construction and paints & coating as driers, biocides, catalysts, stabilizers, and bodying agents. Growing metallic stearate demand in construction industry will further propel the metallic stearate market share.