Zinc Stearate Market Size 2020- Growth, forecast, Market Opportunities, Size up to 2023

 

Market Analysis

The latest research report from Market Research Future (MRFR) profiles the global zinc stearate market and provides a detailed overview of the market’s likely growth trajectory over the forecast period till 2023. The major drivers and restraints affecting the global zinc stearate market are profiled in detail in the report to provide readers a clear overview of what is affecting the market most significantly. The leading factors affecting the market positively as well as negatively are profiled in the report, providing readers a clear view of the market’s movement. Major players operating in the global zinc stearate market are also profiled in the report.

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Zinc stearate has various industrial applications, including as a separating agent, water repellant, gelling agent, and stabilizing agent. The growing demand for stabilizing and water repelling agents in the rubber industry is likely to remain a major driver for the global zinc stearate market. The rubber industry has grown rapidly over the last few years due to the growing demand for rubber compounds in the growing automotive industry. Rubber is used in the production of pneumatic tires and is a vital component in the automotive industry. Various types of rubber compounds are used in the automotive industry due to the growing demand for synthetic rubber tires, leading to a growing demand for accessory chemicals such as zinc stearate. The growing automotive industry is likely to be a major driver for the global rubber industry, and thus for the zinc stearate market over the forecast period. The growing production of passenger and commercial vehicles in Asia Pacific is likely to be a major driver for the global zinc stearate market.

The growing use of zinc stearate as a color enhancer in the plastics industry is also likely to remain a major driver for the global zinc stearate market over the forecast period. Plastics have become a major industrial product in the modern age and are used in a number of manufacturing applications. Colors used in the plastics industry need to be long lasting as well as environmentally viable, leading to a growing demand for color enhancers from the plastics industry. The growing plastics industry is thus likely to be a major driver for the zinc stearate market over the forecast period.

Competitive Leaderboard:

Leading players in the global zinc stearate market include Nimbasia, Linan Huali Plastic Co. Ltd., Pratham Stearchem Pvt. Ltd., Nikunj Chemicals, Norac Additives, Valtris Specialty Chemicals, Peter Greven GmbH & Co KG, Faci Asia Pacific Pte Ltd., Baerlocher GmbH, and Dover Chemical Corporation.

Segmentation:

The global zinc stearate market is segmented on the basis of application, end use, and region.

By application, the global zinc stearate market is segmented into release agent, thickening agent, emulsifier, and others.

By end use, the global zinc stearate market is segmented into rubber, plastics, paints and coatings, pharmaceuticals, cosmetics, paper, construction, and others. The rubber and plastics segments are likely to remain the major consumers of zinc stearate over the forecast period. The rubber industry holds the largest share in the global zinc stearate market, accounting for 26% of the global market in 2016. The plastic industry follows rubber in terms of the consumption of zinc stearate. The paints and coatings industry is also a key consumer of zinc stearate and is likely to retain a strong share over the forecast period.

Regional Analysis:

Asia Pacific holds the largest share in the global zinc stearate market and is likely to remain the leading revenue generator over the forecast period. The growing automotive industry in Asia Pacific is likely to remain a major driver for the zinc stearate market in the region, as this has driven the demand for rubber tires. Growing production of automobiles in China, India, and South Korea is likely to be a major driver for the global zinc stearate market over the forecast period. Europe is also a major regional market for zinc stearate due to the growing automotive industry in the region.

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