According to FMI’s recent study, the global metallic stearates market is poised to expand at a 34.1% CAGR during 2018-2028. On account of the favorable and versatile chemical attributes of metallic stearate, its application in plastic and rubber is expanding exponentially, therefore propelling the market expansion. However, closure in industrial manufacturing owing to unfavorable conditions rising from the COVID-19 pandemic is projected to halt growth in the market.
“High growth witnessed across industries such as varnishes and paints, lubricants and detergents, pharmaceuticals, and cosmetics is alluring wide-ranging growth opportunities for the metallic stearates market.” states the FMI analyst.
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COVID-19 Impact on Metallic Stearates Market
The COVID-19 pandemic has constrained the expansion of the metallic stearates market owing to the strict lockdown measures. The close down of several production facilities and manufacturing units has ensued in slow expansion of the metallic stearates market.
Product expansions and differentiation positively impact the key players. Companies in the global metallic stearates market are focusing on developing products with enhanced surface properties. Combination of stearic acid on the basis of vegetable oil is one of the key focus of companies for the manufacturing process.
Some of the key companies identified in the global market are Valtris Specialty Chemicals, Akrochem Corporation, PROMAX Industries ApS, Peter Greven GmbH & Co. KG, Univar Inc., Biogenix, Inc., Dover Chemical Corporation, Faci S.p.A., Sinwon Chemical Co., Ltd., and Baerlocher GmbH.
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About the Study
The study offers readers a comprehensive assessment of the metallic stearates market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of product types (zinc stearate, calcium stearate, magnesium stearate, aluminium stearate, and others), application (polymers and plastics, rubber, pharmaceuticals, personal care and cosmetics, construction, paints and coatings, and others) end user (physiotherapy clinics, hospitals, home care settings and sports clinics) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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About Future Market Insights
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