The
global stearates market was valued at US$ 3.55 Bn in 2013 and is
anticipated to reach US$ 4.99 Bn in 2020, expanding at a CAGR of 5.0%
between 2014 and 2020.
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Stearates Market Report with Full TOC at
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The
market for stearates is driven by factors such as high demand for
additives in the plastic & rubber processing industry coupled
with rising demand for stearates in the building & construction
industry. Stearates are used as lubricating, releasing and
anti-caking agents in plastic processing. Stearates are also used as
acid scavengers in plastic processing and compounding. They increase
throughput and facilitate the formation of smoother and low friction
surfaces. Increasing demand for stearates in pharmaceutical, personal
care and textile industries across the globe is estimated to offer
higher opportunities for market growth over the next few years.
However, volatility in prices of raw materials coupled with strict
environmental regulations is projected to hamper market growth in the
near future.
Sodium
stearate was the largest product segment, accounting for over 25% of
the global demand for stearates in 2013. Calcium stearate constituted
the second-largest market share of the global stearates market in
2013. Calcium stearate is primarily used in the plastic & rubber
processing industry owing to its excellent lubricating and releasing
properties. Magnesium stearate is anticipated to be the fastest
growing product segment in the stearates market during the forecast
period. It is primarily employed in the pharmaceutical industry as
lubricant and flowability agent during the formulation of dietary
supplements and tablets. Increasing demand for stearates in personal
care and pharmaceutical industries is likely to offer opportunities
for market growth during the forecast period.
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In
terms of demand, the plastic & rubber processing industry has
been dominating the stearates market over the past few years.
Stearates are used as flowability and anti-tacking agent in rubber
processing. Building & construction industry accounted for the
second-largest demand for stearates in 2013. Stearates offer
hydrophobic effect to buildings, acting as water repelling agents in
cement and mortar. Paints & coatings is another major outlet for
stearates. Stearates are used in paints & coatings due to its
water repelling properties. Pharmaceutical is considered one of the
fastest growing end-user segments and is expected to drive the
stearates market during the forecast period. Other end-users (such as
textile, and paper & pulp) are estimated to exhibit stable demand
for stearates during the forecast period.
In
terms of demand, Asia Pacific has been dominating the stearates
market over the past few years. The region held over 45% share of the
global stearates demand in 2013. This trend is projected to continue
during the forecast period. High demand for stearates in the plastic
& rubber processing industry has been a key factor for growth of
the stearates industry in Asia Pacific. The region was followed by
Europe, which is expected to experience sluggish market growth during
the forecast period. North America is anticipated to offer
opportunities for market growth, especially in pharmaceutical and
building & construction industries. Market share of Rest of the
World is projected to increase in the next few years.
The
report provides a comprehensive view of the stearates market in terms
of volume and revenue. It includes current demand analysis and
forecast for product segment and end-users in North America, Europe,
Asia Pacific and Rest of the World. The stearates market is
bifurcated into the following segments:
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Press Release Stearates Market
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Stearates
Market – Product Segment Analysis
- Calcium stearate
- Sodium stearate
- Zinc stearate
- Magnesium stearate
- Aluminum monostearate
- Others (Including lithium stearate, etc.)
Stearates
Market – End-user Analysis
Pharmaceutical
- OTC
- Rx
- Plastic & rubber processing
- Building & construction
- Paints & coatings
- Others (Including paper & pulp, etc.)
Stearates
Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (Including Latin America, Middle East and Africa)
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