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Published Date: 2015-02-24Number of Pages: 103

Stearates (Calcium Stearate, Sodium Stearate, Zinc Stearate, Magnesium Stearate, Aluminum Monostearate and Others) Market for Pharmaceutical, Plastic & Rubber Processing, Building & Construction, Paints & Coatings and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Global Stearates Market: Snapshot

Stearates, which are salts or esters of fatty acids, are produced via direct reaction of stearic acid with hydroxides and metal oxides. Stearates find application in different industries on account of their excellent lubricating properties, ability to thwart foam, gelling capacity and water repellence. They also act as acid scavengers and release agents. 

At the forefront of driving demand for stearates is the soaring demand for additives in the plastic and rubber processing industry. They also act as acid scavenger in the processing and compounding of plastics. In the process, stearates up throughput and facilitate the formation of clean and low-friction surfaces. Besides, industries such as construction, pharmaceutical, personal care, and textile are also catalyzing growth in its market.

A research study Transparency Market Research, forecasts the global market for stearates to expand at a 5.0% CAGR from 2014 to 2020 to reach a value of US$4.99 bn by 2020 from US$3.55 bn in 2013.

Buoyed by Pharmaceutical Industry, Magnesium Stearate to Clock Maximum Growth

The different types of stearates available in the market are calcium stearate, zinc stearate, sodium stearate, aluminum monostearates, and magnesium stearate, among others such as lithium stearate. Sodium stearate, among them, leads the market and is trailed by calcium stearate, which has excellent lubrication and releasing properties, making them perfectly suitable for rubber and plastic processing. Going forward, however, magnesium stearate will likely outpace all other products in terms of growth rate. Magnesium stearate finds application in the pharmaceutical industry as a lubricant and process catalyst during the formulation of tablets and dietary supplements. 

The prominent end users in the global stearates market are the plastic and rubber processing industry. This is primarily because of their use as anti-tacking agents to maintain consistent movement of the substrate in rubber processing. The building and construction sector also accounts for substantial demand as stearates are used as water repellants in cement and mortar and also accord hydrophobic properties to buildings.

Other important end use industries stoking demand for stearates are paints and coatings and paper and pulp. Some of the prominent companies in the market are Ferro Corporation, Baerlocher GmbH, FACI S.p.A., Norac Additives Inc., Hummel Croton Inc., Dover Chemical Corporation, Peter Greven GmbH & Co. KG, Mallinckrodt Pharmaceuticals, PMC Biogenix, Inc., and the HallStar Company.

Asia Pacific Leads Market on Account of Expanding Rubber and Plastic Industries

Geographically, the key segments of the global market for stearates are North America, Asia Pacific, Europe, and the Rest of the World which includes Latin America and the Middle East and Africa. Asia Pacific, among them, is a leading market. In 2013, it held more than 45% share in the overall market. Majorly boosting demand in the region is the rapidly expanding plastic and rubber processing and building and construction industries. China and India are the main engines of growth in the region because of the massive demand they generate.

In terms of demand, following Asia Pacific in the global stearates market is Europe. The region has been witnessing steady growth these days primarily on account of the pharmaceutical industry. One factor proving counterproductive to the market in the region is the environmental regulations pertaining to stearates.

Besides Asia Pacific and Europe, the market in North America too is predicted to see steady demand for stearates in the upcoming years on account of the building and construction industry. Expansion in the building and construction industry in the Middle East and Brazil is expected to catalyze growth in the market in the Rest of the World.

 
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)


 
 
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