Calcium Stearate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Calcium Stearate Market Trends

Increasing Demand for Construction Activities

• Calcium stearate is used a lot in the construction industry as a waterproofing agent and to stop efflorescence.
• It is mixed with concrete and used in building things like floors and in the prefabrication industry. It is used as a powder in mortars and putties and as an emulsion in systems that have already been put together.
• Also, the increasing number of projects, such as the construction of new offices, buildings, production houses, etc., is driving the demand for calcium stearate in the construction sector.
• Rapid residential and commercial building expansion is the main driver of China's growth. According to the World Bank, China is encouraging and enduring a continuous urbanization process, with a projected rate of 70% by 2030.
• Also, China's construction output is registering an upward trend. The country's construction output peaked in 2022 at a value of about USD 4.64 trillion (31.2 trillion yuan). As a result, these factors tend to increase market demand during the forecast period.
• During the forecast period, these things are likely to have an effect on the market for calcium stearate in the building industry.

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region dominated the global market share. China is one of the most lucrative markets for calcium stearate due to the availability of low-cost raw materials and labor.
• China's booming economy has given companies that make consumer goods some of the best chances to grow in the world.Attracted by the huge potential of the Chinese consumer goods market, many foreign companies have entered China and set up production units, thus boosting the market.
• According to the National Development and Reform Commission, China's infrastructure investment increased by 8.7% year over year in the first 10 months of 2022, which is 0.1% more than in the first three quarters, thereby enhancing the demand for the studied market.
• Furthermore, the Indian government is likely to invest around USD 1.3 trillion in housing over the next seven years. It is expected to see the construction of 60 million new homes.
• Additionally, according to the Rubber Board, India consumed 0.72 million metric tons of synthetic rubber during the FY April 2021-March 2022, reflecting an increase of about 17% compared to the previous fiscal year. thus creating the demand for calcium stearate during the forecast period.
• Over the next few years, demand for calcium stearate in rubber, plastics, construction, pharmaceuticals, and other industries is likely to be driven by all of the above factors.

Calcium Stearate Industry Overview

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