According to a new market report published by Lucintel, the future of the global zinc stearate market looks promising with opportunities in the construction, packaging, consumer goods, and automotive markets. The global zinc stearate market is expected to reach an estimated $1.4 billion by 2027 with a CAGR of 6% from 2021 to 2027. The major drivers for this market are growth in the end use applications and increasing demand for materials that could provide superior functionality & energy conservation.
In this market, zinc stearates are used as release agent, thickening agent, and emulsifiers in various applications. Lucintel forecasts that plastics will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to their usage as lubricant, mold release agent, densifying agent, and stabilizer component in the polymer industry, specifically during PVC production, and as pigment dispersant in case of master-batch production.
Within the zinc stearate market, construction will remain the largest end use market by value and volume due to growing focus of building owners and contractors (government and private) on non toxic hydrophobic agents for long term protection against various environmental conditions. The packaging segment is expected to witness the highest growth over the forecast period due to growth in food and packaging industry.
Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period due to continued growth in the automotive sector, development in the construction sector, and; growing demand for paint and coating products in the industrial sector which will ultimately drive the consumption of zinc stearate in these applications.
Dover Chemical Corporation, Faci S.p.A, Baerlocher GmbH, Peter Greven GmbH & Co. KG, Valtris Specialty Chemicals, and Linan Hauli Plastic Co., Ltd. are the major manufacturers of zinc stearates.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global zinc stearate market by application, end use industry, function, and region and has come up with a comprehensive research report titled “Growth Opportunities in the Global Zinc Stearate Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global zinc stearate market by application, end use industry, function, and region as follows:
By Application [Volume (Kilotons) and $M shipment analysis from 2016 to 2027]:
Plastics
Rubber
Concrete
Paint and Coating
Personal Care
Pharmaceutical
Other Applications
By End Use Industry [Volume (Kilotons) and $M shipment analysis from 2016 to 2027]:
Construction
Packaging
Consumer Goods
Automotive
Others
By Function [Volume (Kilotons) and $M shipment analysis from 2016 to 2027]:
Release Agent
Thickening Agent
Emulsifiers
Other Functions
By Region [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Asia Pacific
China
South Korea
Japan
India
The Rest of the World
This 210-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/zinc-stearate-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.