Reports


Asia Pacific Metallic Stearate Market Size, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

  • TBI104136
  • August 10, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Asia Pacific Metallic Stearate Market

The Asia Pacific metallic stearatemarket size was estimated at USD 1.5 billion in 2017. The market is majorly driven by growing product demand from the cosmetics, pharmaceuticals, and plastics industries. Rapid growth of the plastics industry and rising need for metallic stearates for improving surface textures of plastic goods, are expected to drive the market over the forecast years.

  
Growth of key application industries, including plastics, rubber, cosmetics, and pharmaceuticals, in Asia Pacific has resulted in an increased product demand. This trend, most notably in rapidly emerging economies like Indonesia and Thailand, is expected to augment the market development.
Metallic stearate manufacturers focus on the use of advanced production technology. Companies invest heavily in research and innovation processes to develop metallic stearates with improved properties. Manufacturers have been taking efforts to enhance the free-flowing nature of the product by maintaining surface properties.
Metallic stearates have significant use, as acid scavengers, mold release agents, and lubricants, in the plastics industry. They also help improve the surface texture of plastic articles while reducing friction. Furthermore, they are also used in melt processing in the plastics industry. Various plastics such as Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), and Polyvinyl Chloride (PVC), are the major applications.
Presence of key global players across emerging economies such as India, Indonesia, Malaysia, South Korea, China, Thailand, and the Philippines has led to a significant increase in plastics production over the past few years. Rapidly growing demand for high-performance plastics in key end-use applications such as automotive, consumer electronics, packaging, aerospace, and construction is expected to drive product demand over the forecast period.
Metallic stearates find application in the rubber industry as mold release agents.Transfer molding, compression molding, and extrusions are some of the processes that involve the product usage. Zinc stearate, magnesium stearate, and calcium stearate are most commonly used in the rubber industry owing to their suitable melting point. They are applied in different forms such as powders and solutions.
Asia Pacific metallic stearate market has experienced significant challenges owing to high raw material prices. Stearic acid is the key raw material required in the production of metallic stearates. Stearic acid is a long chain fatty acid obtained from vegetable oils, such as palm kernel oil, coconut oil, soybean oil, and rapeseed oil, and animal fat. Palm kernel oil is the most widely used raw material in stearic acid production. Fluctuation in the prices of palm kernel oil leads to instability in the prices of stearic acid, which, in turn, is expected to hamper market growth.

Market Segmentation, Outlook & Viewpoint: Asia Pacific Metallic Stearate Market


This report forecasts revenue growth at a country level and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the Asia Pacific metallic stearate market report on the basis of product, application, and country:

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

Zinc Stearate

Calcium Stearate

Aluminum Stearate

Magnesium Stearate

Others

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

Plastics

Rubber

Pharmaceutical

Cosmetics

Building & Construction

Paints & Coatings

Others



Key Players, Recent Developments & Regional Insights: Asia Pacific Metallic Stearate Market


Aluminum stearate, zinc stearate, magnesium stearate, and calcium stearate among a few others, are the key product segments. In 2017, the zinc stearate segment dominated the Asia Pacific market with a share of 33.9%. They are majorly used in the plastic and paints and coatings industry. Rapid growth of the plastics industry in countries such as the Vietnam and Thailand is expected to propel the product demand, thereby boosting market expansion.
Calcium stearates held a significant market share in 2017 and will witness strong demand in the coming years as they are cheap and easy to manufacture. Product demand is expected to rise further over the forecast period due to expanding end-use sectors such as cosmetics, cement, plastics, paper, and building & construction. In addition, rising disposable incomes and resultant increase in demand for cosmetics, most notably in countries such as Malaysia and Indonesia, is further expected to boost demand.
Application Insights
On the basis of application, the Asia Pacific market is divided into plastics, rubber, cosmetics, building and construction, paints and coatings, and pharmaceuticals. In 2017, the plastics segment led the global market, in terms of share. Significant growth in plastics production in Asia Pacific is anticipated to drive product demand over the forecast period. In addition, expanding building & construction sector in various countries, such as Philippines, owing to upcoming infrastructure development projects is expected to drive product demand in the next few years.

  
Rubber application segment held a significant share of the market in 2017. Metallic stearates have been used as release coatings for uncured rubber.Certain unique properties of the product, such as high melting point, make them ideal release agents in rubber manufacturing. The manufacturing of industrial rubber products involves several processes that require uncured rubber to be kept from sticking. The strong presence of automotive manufacturers in China, Japan, and South Korea has boosted the demand for synthetic rubber. The growth of the automotive industry is anticipated to propel demand for rubber in tire applications, thus impacting the demand for the product over the forecast period.

Country Insights

Indonesia led the Asia Pacific market in 2017 and is expected to continue its dominance over the forecast period. Recent economic growth in the country has propelled the infrastructure, residential & commercial building, and automotive sectors. This, in turn, has boosted the demand for plastics in Indonesia over the recent years. Along with optimizing the production process, the product use allows processors to manufacture finished articles with lower friction and smoother surfaces.
Philippines is expected to be the fastest-growing market in Asia Pacific. Rapidly increasing manufacturing activities, foreign investments, and export demand on account of the newly industrialized status of the country is expected to drive automotive, plastics, building & construction, rubber, and personal care industries, among others.
Asia Pacific Metallic Stearate Market Share Insights
The market is characterized by the presence of numerous international and domestic players of varying sizes. Major players operating in the market include Baerlocher GmbH, Faci S.p.A., Peter Greven GmbH & Co. Kg, Solvay SA, BASF SE, and Valtris Specialty Chemicals. These companies follow an integrated approach throughout the value chain.
Factors such as diminishing raw material access, development of application-specific products, emergence of advanced technologies, and growing demand from end-user industries in developing economies are likely to result in an intense competition in the market over the next few years.

Key Insights Covered: Global Asia Pacific Metallic Stearate Market
1.  Market size (sales, revenue and growth rate) of Asia Pacific Metallic Stearate industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Asia Pacific Metallic Stearate industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Asia Pacific Metallic Stearate industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Asia Pacific Metallic Stearate industry.

Research Methodology: Asia Pacific Metallic Stearate Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

Table of Contents
Chapter 1 Methodology and Scope
 1.1 Research methodology
 1.2 Research scope & assumptions
 1.3 List of data sourcesChapter 2 Executive Summary
 2.1 Market snapshotChapter 3 Market Variables, Trends, and Scope
 3.1 Market segmentation & scope
 3.2 Asia Pacific metallic stearate market - Value chain analysis
 3.3 Asia Pacific metallic stearate market - Raw material outlook
     3.3.1 Stearic acid
 3.4 Regulatory framework
 3.5 Technology outlook
 3.6 Asia Pacific metallic stearate market dynamics
     3.6.1 Market driver analysis
         3.6.1.1 Significant demand from plast
|  read more...

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