Metallic Stearates Market Set to Register 4.1% CAGR During 2018-2028 According to Market Forecasts

VALLEY COTTAGE, New York, November 27, 2018 /PRNewswire/ --

Future Market Insights (FMI) delivers key insights on the global metallic stearates market, in its upcoming outlook titled, 'Metallic Stearates Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028'. In terms of value, the global metallic stearates market is projected to register a healthy CAGR of 4.1% during the forecast period, due to various factors, regarding which, FMI offers vital insights in detail.

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The expanding rubber industry, globally, rise in the demand for PVC (polyvinyl chloride) and other types of polymers in end-use industries, increasing usage of metallic stearates in a variety of applications such as calendaring, crystalline film, ceramic, adhesives and sealants, medical devices, coated fabrics, roofing materials, and others are some of the factors accelerating the demand for metallic stearates in the market. There is extensive use of metallic stearates such as calcium and zinc in the rubber industry. The unique properties of metallic stearates such as low melting point, water repellency, lubricity, and hydrogen solubility make them useful for various purposes. These unique properties allow metallic stearates to be used in several applications. Additionally, metallic stearates are also used as dry lubricants in the plastic industry. In the polymer and plastic industry, metallic stearates are added to resin particles to facilitate lubrication.

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Inorganic growth at a regional level enables companies to enhance their market presence and customer base, coupled with expanding technological capabilities and the need to achieve higher economies of scale. Through mergers and acquisitions, key players have increased their production capacity and market share, thus, increasing the new entry-level barriers in the market. Moreover, in various applications such as plastics and rubber, calcium stearates are used as lubricants in the development of resin-coated and for metal casting by the shell molding technique. Metallic stearates have significant usage as plastic stabilizers, lubricants, and mold release agents.