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Aluminum Soap: Introduction

  • Aluminum soaps are prepared by heating a fatty acid in the presence of aluminum oxide. Aluminum soap is primarily used as a lubricant in the manufacture of polyamides and thermosetting plastics. Aluminum soap is primarily used as a lubricant in the production of aluminum greases. Aluminum greases have excellent ability to adhere to metallic surfaces. Aluminum soap is transparent and is hydrophobic. Therefore, it is extensively used in the paints & coatings sector. Aluminum soap also possesses excellent thickening ability. Therefore, it is an ideal material for varnishes and lacquers.

Growth of Paints & Coatings Industry to Boost Consumption of Aluminum Soap

  • The global paints & coatings market is primarily spread across Middle East & Africa, Latin America, Asia Pacific, North America, and Europe. The global coatings market stood at 308.6 million tons in 2019, according to The Sherwin-Williams Company’s investor presentation of 2019. Paints and coatings are used in a wide range of applications such as automotive, construction, industrial, and marine. Growth of these industries is correlated to the expansion in economic activity of a region. The paints & coatings market in a country or region expands in line with the economic development in that country or region.
  • Macroeconomic factors such as GDP growth, rise in purchasing power, higher disposable income, urbanization, and improvement of economic conditions in developing countries impact the expansion of the paints & coatings market. This further indicates the growth of the aluminum soap market, as aluminum soap is used as a hydrophobic agent in formulation of coatings.

Impact of COVID-19 on Global Aluminum Soap Market

  • Economy of countries across the globe witnessed a phase of slowdown in terms of production in the second quarter of 2019. The spread of the pandemic created uncertainty in terms of production and consumption of chemicals. Consumption of paints and coatings was severely affected in 2020 due to the decline in demand from the construction sector. This hampered the demand for aluminum soap, which is mainly used in the formulation of paints and coatings. Supply of raw materials was also severely affected due to the spread of the pandemic. This hampered the production of aluminum soap. However, the sector is gaining traction with introduction of vaccine for pandemic. This is expected to augment the construction sector by the end of 2021. In turn, this is likely to boost the consumption of aluminum soap in the near future.

Asia Pacific to Hold Major Share of Global Aluminum Soap Market

  • In terms of region, the global aluminum soap market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is the major region, wherein construction activities are currently taking place at a rapid pace. Expanding population and increase in urbanization have led to shortage of space across countries such as China, India, and Thailand. This is likely to boost the need for paints and coatings in the near future, thereby propelling the consumption of aluminum soap, as these are used as thickening and impregnating agents in the production of building materials.
  • The market in Europe is likely to expand at a fast-paced CAGR between 2020 and 2030. Growth of the construction industry and increase in reconstruction activities are projected to drive the need for coatings in the near future. This is expected to propel the demand for aluminum soap in the near future.

Key Players Operating in Market

The global aluminum soap market is fragmented. Global producers such as Baerlocher GmbH are primarily engaged in new product development and expansion of their manufacturing capacity to meet the rising demand for metal soaps. For instance, Baerlocher USA expanded its manufacturing capacity in 2017. The company announced that it had expanded its manufacturing capacity of metal soap by 50%. Key players operating in the aluminum soap market include:

  • Baerlocher GmbH
  • KODIXODEL
  • Peter Greven GmbH & Co. KG
  • FACI Group
  • Valtris Specialty Chemicals
  • Nimbasia
  • Marathwada Chemical Industries Pvt Ltd
  • IRRH SPECIALTY CHEMICALS
  • PROMAX Industries ApS
  • Norac Additives, LLC

Global Aluminum Soap Market: Research Scope

Global Aluminum Soap Market, by Type

  • Mono-aluminum Soap
  • Di-aluminum Soap
  • Tri-aluminum Soap

Global Aluminum Soap Market, by End-use Industry

  • Building & Construction
  • Packaging & Consumer Goods
  • Paints & Coatings
  • Sealants & Adhesives
  • Others

Global Aluminum Soap Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Aluminum Soap Market

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