According to the latest market study released by
Transparency Market Research (TMR), which is on the global stearates
market, the market is slated to display a CAGR of 5.0% from 2014 to
2020. If the projected figure holds true, the market, which had a
valuation of US$3.55 bn in 2013, will be valued at US$4.99 bn by
2020. The research report is titled “Stearates Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -
2020” and provides an in-depth analysis of the stearates market in
terms of both revenue and volume. The research report also includes
current demand analysis and forecast estimates for the various
product segments and end users in Europe, Asia Pacific, North
America, and Rest of the World.
This 103 page
report gives readers a comprehensive overview of the Stearates
market. Browse through 27 data tables and 27 figures to unlock the
hidden opportunities in this market@
The report states that
the market for stearates is mainly driven by the increasing demand
for additives in the plastic and rubber processing industry, combined
with the increasing demand for stearates in the construction sector.
In addition, the use of stearates also lies as an acid scavenger in
the processing and compounding of plastics. In the process, stearates
increase throughput and enable the formation of clean and
low-friction surfaces.
In the coming years,
increasing demand for stearates from the personal care,
pharmaceutical, and textile industries across the world will open
newer opportunities for the stearates market, say analysts.However,
price volatility of raw materials used in the manufacture of
stearates, combined with strict regulations pertaining to the use of
stearates due to environmental concerns, is slowing the growth of
this market.
The global market for
stearates is divided on the basis of product type, application, and
geography. By product type, calcium stearate, zinc stearate, aluminum
monostearates, sodium stearate, magnesium stearate, and others
(including lithium stearate, etc.) are the segments of the stearate
market.By product type, sodium stearate was the largest product
segment and held more than 25% of the overall market for stearates in
2013. Calcium stearate stood as the second largest product segment
due to its excellent lubrication and releasing properties, which are
suitable in plastic and rubber processing.
Get accurate market forecast and analysis on the
Stearates market. Request a sample to stay abreast on the key trends
impacting this market.@
However, magnesium stearate is expected to display
the fastest growth in the global stearates market during the forecast
period. In the pharmaceutical industry, magnesium stearate is used as
a lubricant and process catalyst during the formulation of tablets
and dietary supplements. In terms of demand from end users, the
plastic and rubber processing industry has been registering the
highest demand for stearates over the past few years. This is mainly
due to their use as an anti-tacking agent to maintain consistent
movement of the substrate in rubber processing. In 2013, the building
and construction sector registered the second largest demand for
stearates. Their use lies in functioning as a water repellant in
cement and mortar and to offer hydrophobic properties to buildings.
The stearates market is bifurcated into the
following segments
Stearates Market – Product Segment Analysis
- Calcium stearate
- Sodium stearate
- Zinc stearate
- Magnesium stearate
- Aluminum monostearate
- Others (Including lithium stearate, etc.)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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