Global Stearates Market: Snapshot

Owing to the increase in demand for additives in the rubber and plastic processing industries, the global market for stearates is anticipated to increase with the advent of time. Stearates are basically the esters and salts of stearic or fatty acids and may be produced by directly reacting stearic acid with metal oxides and hydroxides. Stearates also help in the compounding and processing of plastics as release agents and acid scavengers.

Factors driving the global market for stearates is the rapidly increasing demand for additives both in the rubber and plastic industries. Stearates works as an acid scavenger for processing and compounding plastics. During this procedure, stearates facilitate and outrun the formation of low-friction and clean surfaces. Apart from that, industries like personal care, textile, pharmaceutical, and construction are also anticipated to be accelerating the growth of the market globally.

There is an increase in demand for stearates from the end user industries like textile industry, pharmaceutical industry, and even the personal care industry. This surge in demand is anticipated to soar the global stearate market in the years to come.

A major factor estimated to boost the global stearates market is the multiple use of stearates in various industries. Stearates can be used in used plastics like polyethylene chloride and polyvinyl as well. Construction industry is seen to be demanding more for stearates because water seepage causes high amount of damage and it can be fixed with stearates. Since water leakage can cause the building structure to weaken, stearates is used to fix this kind of issues. Stearate when comes into contact with water changes its form into gel and this get then blocks the water in the building.

The global stearates market is estimated to be worth US$4.99 bn within the forecast period of 2014 to 2020 with a CAGR of 5.0%.

Magnesium Stearate to Overpower Market with Respect to Pharmaceutical Industry

In terms of segmentation on the basis of product, the global stearates market is classified into Aluminum monostearate, Sodium stearate, Magnesium stearate, Zinc stearate, and Calcium stearate. The market is estimated to be drawing more revenue from sodium stearate as compared to other segments. This is due to the releasing and excellent lubrication properties of sodium stearate that makes it the most apt for plastic and rubber processing. On the other hand, magnesium stearate is anticipated to overpower the rest of the products as per the growth rate is concerned. Magnesium stearate is mostly used in pharmaceutical sector as process catalyst and lubricant while manufacturing dietary supplements and tablets.

On the basis of end-user segmentation, the market for stearates is categorized into Paints & coatings, Plastic & rubber processing, Building & construction, and Pharmaceutical. The pharmaceutical segment is further sub-divided into Rx, and OTC. Other end use industries are paper and pulp. Among all end users, the segment with the most prominent record of shareholding are the rubber and plastic processing industry. This is owing to the fact that both paper and rubber are used to maintain consistent substrate movement while processing rubber as they are anti-tacking agents. Apart from that, the construction and building sector is also expected to witness a substantial growth and demand in the market as stearates are used in mortar and cement as water repellants. They also provide hydrophobic properties to buildings in order to protect them from water leakage.

Developing Nations to Contribute Good Share to Market Owing to Demand in Construction Industry

The global stearates market is studied on the basis of key geographies Middle East and Africa, Latin America, Europe, Asia Pacific, and North America.  The market in Asia Pacific is seen to be dominating in the world with an account of more than 45% share in the market. This is mainly because of the faster growing rubber and plastic processing in the construction and building industries. Most of the revenue share is drawn from the merging nations of China and India. They are considered as the main reason of growth in the Asia Pacific region due to the huge demand for stearates that they generate. Europe is not far behind the market and is projected to witness a stable growth in the future years especially in terms of pharmaceutical company.

Major companies dominating the global stearates market are Norac Additives, Inc., American eChem Inc., Peter Greven GmbH & Co. KG, Hummel Croton, Inc., and FACI S.p.A.

 
The report analyzes and forecasts the stearates market on the global and regional level. The study provides historical data of 2013 along with forecast between 2014 and 2020 based on volume (Kilo Tons) and revenue (US$ Mn). It includes drivers and restraints for the stearates market along with their impact on demand during the forecast period. The report also offers an analysis of opportunities available in the stearates market on the global and regional level. Drivers, restraints and opportunities mentioned in the report are justified through quantitative and qualitative data, which has been verified by primary and secondary resources.
 
We have included a detailed value chain analysis in order to provide a comprehensive view of the stearates market. Value chain analysis provides details such as integration in the market, distribution channels, applications and end-users for the market. An analysis of Porter’s Five Forces model for the stearates market has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein end-users in the market are benchmarked based on their market size, compounded annual growth rate (CAGR), general attractiveness and company market share. We have also incorporated company market share analysis to provide detailed analysis of the market.
 
The study provides a decisive view of the stearates market by segmenting it in terms of product segment and end-users. Product segment and end-users have been analyzed based on present and future trends, and the CAGR for the market has been estimated between 2014 and 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). Similar segmentation is also provided for major countries in the regions mentioned above. The report also includes demand for individual product segment and end-users across all the regions.
 
The report provides detailed competitive outlook that includes profiles of key players operating in the global stearates market. Key players profiled in the report include Baerlocher GmbH, FACI S.p.A., Norac Additives Inc., Ferro Corporation, Dover Chemical Corporation, Peter Greven GmbH & Co. KG, Mallinckrodt Pharmaceuticals, PMC Biogenix, Inc., Sun Ace Kakoh (Pte.) Ltd., Hummel Croton Inc., and The HallStar Company. Company profiles include attributes such as company overview, brand/product portfolio, financial overview, business strategy, and key/recent developments related to the market. 
 
Constant currency rates have been considered while forecasting the market. Prices of stearates and product segments vary in each region; hence, a similar volume-to-revenue ratio does not follow for each individual region. The same price for each end-user has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down the market by product segment and end-user in each region. Models and estimates have been used to produce comprehensive data sets when hard data was not available. We have used the bottom-up approach by considering individual product and end-user segments and integrating them to arrive at the global market. Product segment and end-users have been further bifurcated using the top-down approach to derive the consumption of products in the regional market.
 
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities. 
 
The market has been segmented as below:
 
Stearates Market - Product Segment Analysis
  • Calcium stearate
  • Sodium stearate
  • Zinc stearate
  • Magnesium stearate
  • Aluminum monostearate
  • Others (Including lithium stearate, etc.)
Stearates Market - End-user Analysis
  • Pharmaceutical
    • OTC
    • Rx
  • Plastic & rubber processing
  • Building & construction
  • Paints & coatings
  • Others (Including paper & pulp, etc.)
Stearates Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (Including Latin America, Middle East and Africa)
.