Metallic Stearates Market Size, Growth, Growth, Development by 2030
Market Highlights The G lobal Metallic Stearates Market is estimated to be valued at USD 4,343.4 million by 2023 and is expected to register a CAGR of 5.71% during the forecast period. The zinc stearates segment accounted for the largest market share in 2017 and is expected to continue its dominance during the forecast period. The unique properties such as non-toxic, hydrophobic effect, and lubricity make zinc stearates ideal choice in polyolefin application Calcium stearates are majorly used as a release agent, an acid scavenger, and lubricant in the rubber and tire industries. The growing demand for lightweight and fuel-efficient automobiles is likely to open new avenues for calcium stearates The polymer and paper segment is projected to register a CAGR of 5.71% due to the growing preference for bio-based polymer and increasing demand in the automotive and packaging industries. The pharmaceutical and cosmetics segment is esti...