Metallic Stearates Market Size Worth $5,849.67 Million By 2032 | CAGR: 5.5%

The global metallic stearates market size is expected to reach USD 5,849.67 million by 2032, according to a new study by Polaris Market Research. The report “Metallic Stearates Market Share, Size, Trends, Industry Analysis Report, By Type (Magnesium Stearates, Zinc Stearates, Calcium Stearates, Aluminium Stearates); By End Use Industry; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The automotive sector is experiencing a surge in demand for metallic stearates, primarily due to the increasing popularity of electric vehicles (EVs). As the global automotive industry transitions towards more sustainable and eco-friendly mobility solutions, the production of EVs has gained significant momentum. Metallic stearates, such as zinc stearate and calcium stearate, play a vital role in manufacturing EV components. These additives are utilized in various applications within the EV production process. They are commonly used as lubricants, mold release agents, and heat stabilizers in producing battery components, electrical connectors, wiring harnesses, and other critical parts.

Based in South Korea, Hyundai Motor has recently reported better-than-expected results, with its EV sales surpassing projections. Hyundai Motor forecasts a significant 54 percent growth in EV sales for the current year, outpacing the growth projections of even Tesla. As the demand for EVs continues to grow, the automotive industry increasingly relies on metallic stearates to ensure EV components' efficient production and high-performance characteristics.

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The demand for natural rubber remains substantial, as it serves as a critical material in manufacturing various products such as catheters, medical gloves, tires, and an extensive array of other projects. With a global production volume exceeding 15 million tons each year, the reliance on natural rubber is a key driver for the growth of the metallic stearate market. The widespread usage of natural rubber in applications spanning healthcare, transportation, construction, and many others establishes a strong foundation for the metallic stearates market. The demand for metallic stearates is driven by the need to optimize production processes, enhance the properties of natural rubber products, and meet the evolving requirements of industries relying on natural rubber-based goods.

Metallic Stearates Market Report Highlights

• Zinc segment is anticipated to witness faster growth in the coming years due to a wide range of applications, processing aid and release agent.
• Polymer & Rubber segment accounted for the larger market share owing to the anti-blocking and anti-sticking properties.
• APAC projected to register higher growth rate in the study period owing to the growing manufacturing sector.
• North America is expected to grow larger revenue share for the market owing to the growing demand for lubricants in the region.
• The global players include Dover Chemical, Faci, Norac Additives, Peter Greven, PMC Biogenix, Mallinckrodt Pharmaceuticals, Valtris Specialty Chemicals, Sun Ace Kakoh, Nimbasia Stabilizers, James M. BrownViva, Sun Ace Gulf Polymers, Wanglong Chemicals, Kali Chem Industries & Shital Industries.

Polaris Market Research has segmented the metallic stearates market report based on type, end-use industry, and region:

Metallic Stearates, Type Outlook (Revenue - USD Million, 2019 - 2032)

• Magnesium Stearates
• Zinc Stearates
• Calcium Stearates
• Aluminium Stearates
• Others

Metallic Stearates, End-Use Industry Outlook (Revenue - USD Million, 2019 - 2032)

• Polymer & Rubber
• Pharmaceutical & Cosmetics
• Building & Construction
• Paints & Coatings
• Others

Metallic Stearates, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Metallic Stearates Market Report Scope