Zinc stearates are biodegradable and hence are considered environmentally safe. The growing trend of adopting green materials is driving its demand in several end-user industry verticals. Based on binder type, Zinc stearates are segregated into resins, gums, waxes, and others utilized in various end-use industries around the globe. Hence, the immense potential of zinc stearate, especially for adhesion and cohesion, is further augmenting the market in the forecast period.
Furthermore, the growing food and agriculture industry is propelling market growth along with the growing global demand for food, and thus, prolonging their shelf-life is important. The growing leather industry is further driving the development of the global zinc stearate market over the next five years.
Zinc stearate market drivers:
Growing Demand from Various End-Use Industry Verticals
The growing plastics and rubber applications in several industries are driving the global zinc stearate market expansion in the forecast period. The surging rubber industry is propelling the demand. Additionally, with the growing plastics sector, the market is poised to increase in the forecast period. The growing need for renewable raw materials for lubricant manufacturing is further bolstering the zinc stearate market's growth. Furthermore, the growing cosmetics & personal care, pharmaceutical, paper, and concrete industries are fueling this market's expansion over the next five years.Geographically, APAC holds a significant market share owing to the rapidly growing industries in the region. This includes the pharmaceutical, the paint, plastics, the chemical industries, and many more. One of the main reasons for this regional market growth is the huge consumer base, which has an expanding middle-class income coupled with rising disposable income and increasing family income, with women entering the main workforce.
The zinc stearate market is segmented into five regions worldwide:
Geography-wise, the market of zinc stearates is divided into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. North America and Europe have mature markets for zinc stearate, and the company has good traction in the plastics, rubber, and pharmaceutical sectors. Strong regulatory standards and the demand for high-performance materials are growth drivers in these regions.Asia-Pacific is an emerging market with strong growth potential mainly because of rapid industrialization and urbanization. China and India are prominent consumers of zinc stearate, influenced by the continued growth in their manufacturing industries, especially in plastics, rubber, and cosmetics. South Korea ranks among the top ten beauty markets worldwide, recognized for its innovative products, natural ingredients, and attractive packaging. According to Korea Customs Service estimates for 2022, skincare cosmetics remained the most popular import category, accounting for 41.8%, or $711 million, of total cosmetic imports.
The Middle East, Africa, and South America are relatively smaller markets than North America, Europe, and Asia-Pacific. However, these regions' growing construction and automotive industries are creating opportunities for zinc stearate.
Reasons for buying this report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The zinc stearate market is segmented and analyzed as follows:
By Function
- Release Agent
- Emulsifiers
- Thickening Agent
- Others
By Application
- Rubber
- Plastics
- Concrete
- Cosmetics & Personal Care
- Others
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
Companies Mentioned
- American Elements
- Baerlocher GmbH
- Norac Additives LLC (A Peter Greven Group Company)
- Amgeen Minerals
- Nimbasia Stabilizers
- Sankalp Organics Pvt. Ltd.
- PMC Biogenix, Inc. (PMC Group, Inc.)
- Thermo Scientific Chemicals
- Prakash Chemicals International
- Stearate India
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 111 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 894.49 Million |
Forecasted Market Value ( USD | $ 1160 Million |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |