The Asia Pacific metallic stearate market size is projected to reach USD 2.4 billion by 2025. It is estimated to expand at a CAGR of 6.5% over the forecast period. Rapid growth of key application industries, including plastics, rubber, cosmetics, and pharmaceuticals, in the region has resulted in an increased product demand. This trend, most notably in the emerging economies such as Indonesia and Thailand, is expected to drive the market growth in Asia Pacific.
Metallic stearates are produced via a reaction between stearic acid and metal oxides. Stearic acid is primarily obtained from palm kernel oil. Major manufacturers of palm kernel oil have a strong presence in countries such as China, Indonesia, Malaysia, Philippines, and Thailand. Ambient weather conditions and soil characteristics in these countries favor the production of palm kernel oil. Moreover, growing industrialization and government expenditures on infrastructure development in these countries are expected to open new avenues for various end-use industries. This, in turn, is expected to benefit regional growth over the forecast period.
Various PVC applications, such as healthcare packaging, food packaging, bottles, tubes, footwear, flooring, pipes, and toys, require metallic stearates as a stabilizer. Furthermore, they act as a macromolecular binder and help decrease the softening temperature of PVC. Metallic stearates also function as a release agent. This is anticipated to boost the product demand over the coming years. Metallic stearates also function as internal lubricants, which improves compatibility owing to the presence of polar groups.
Indonesia was the largest market for metallic stearates in 2017, and this trend is expected to continue over the forecast period. Robust industrial growth in this country is projected to drive demand for calcium stearate as it is used in building & construction applications as an efflorescence agent. In addition, strong presence of international brands and growing focus of the regional government to expand manufacturing in cosmetics industry are expected to fuel product demand in near future.
Further key findings from the report suggest:
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Metallic stearates are produced via a reaction between stearic acid and metal oxides. Stearic acid is primarily obtained from palm kernel oil. Major manufacturers of palm kernel oil have a strong presence in countries such as China, Indonesia, Malaysia, Philippines, and Thailand. Ambient weather conditions and soil characteristics in these countries favor the production of palm kernel oil. Moreover, growing industrialization and government expenditures on infrastructure development in these countries are expected to open new avenues for various end-use industries. This, in turn, is expected to benefit regional growth over the forecast period.
Various PVC applications, such as healthcare packaging, food packaging, bottles, tubes, footwear, flooring, pipes, and toys, require metallic stearates as a stabilizer. Furthermore, they act as a macromolecular binder and help decrease the softening temperature of PVC. Metallic stearates also function as a release agent. This is anticipated to boost the product demand over the coming years. Metallic stearates also function as internal lubricants, which improves compatibility owing to the presence of polar groups.
Indonesia was the largest market for metallic stearates in 2017, and this trend is expected to continue over the forecast period. Robust industrial growth in this country is projected to drive demand for calcium stearate as it is used in building & construction applications as an efflorescence agent. In addition, strong presence of international brands and growing focus of the regional government to expand manufacturing in cosmetics industry are expected to fuel product demand in near future.
Further key findings from the report suggest:
- In terms of revenue, the value for zinc stearate in Asia Pacific is anticipated to reach USD 802.7 million by 2025 at a CAGR of 6.3%
- Plastics formed the dominant segment, in terms of revenue, in 2017 with a market share of 31.7%. This growth was due to its ability to enable the processor to produce finished articles with lower friction and smoother surfaces while optimizing production
- The Indonesia metallic stearate market is anticipated to exceed USD 160.7 million by 2025 owing to recent economic growth, which propelled the infrastructure, residential, and commercial building, and automotive sectors in the country
- The market for metallic stearates is highly competitive due to presence of a number of multinational companies with wide product portfolios
- Companies are focusing on adding new products to their portfolio, which are tailored to meet specific requirements. For instance, in 2017, Valtris Specialty Chemicals, Inc. added new product, Synpro Calcium Stearate, to its product portfolio.
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Table of Contents
Chapter 1 Methodology and Scope1.1 Research methodology
1.2 Research scope & assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Market snapshot
Chapter 3 Market Variables, Trends, and Scope
3.1 Market segmentation & scope
3.2 Asia Pacific metallic stearate market - Value chain analysis
3.3 Asia Pacific metallic stearate market - Raw material outlook
3.3.1 Stearic acid
3.4 Regulatory framework
3.5 Technology outlook
3.6 Asia Pacific metallic stearate market dynamics
3.6.1 Market driver analysis
3.6.1.1 Significant demand from plastics industry
3.6.1.2 Augmented usage in the rubber industry
3.6.2 Market restraint analysis
3.7 Asia Pacific metallic stearate market - Porter’s Five Force Analysis
3.8 Asia Pacific metallic stearate market- PESTEL Analysis
Chapter 4 Asia Pacific Metallic Stearate Market: Product Estimates & Trend Analysis
4.1 Product movement analysis & market share, 2017 & 2025
4.2 Zinc stearate
4.2.1 Asia Pacific zinc stearate market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
4.3 Calcium stearate
4.3.1 Asia Pacific calcium stearate market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
4.4 Aluminum stearate
4.4.1 Asia Pacific aluminum stearate market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
4.5 Magnesium stearate
4.5.1 Asia Pacific magnesium stearate market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
4.6 Others
4.6.1 Asia Pacific other products market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Chapter 5 Asia Pacific Metallic Stearate Market: Application Estimates & Trend Analysis
5.1 Application movement analysis & market share, 2017 & 2025
5.2 Plastics
5.2.1 Market estimate and forecasts in plastics application, 2014 - 2025 (Kilotons) (USD Million)
5.3 Rubber
5.3.1 Market estimate and forecasts in rubber application, 2014 - 2025 (Kilotons) (USD Million)
5.4 Pharmaceutical
5.4.1 Market estimate and forecasts in pharmaceutical application, 2014 - 2025 (Kilotons) (USD Million)
5.5 Cosmetics
5.5.1 Market estimate and forecasts in cosmetics application, 2014 - 2025 (Kilotons) (USD Million)
5.6 Building & construction
5.6.1 Market estimate and forecasts in building & construction application, 2014 - 2025 (Kilotons) (USD Million)
5.7 Paints & coatings
5.7.1 Market estimate and forecasts in paints & coatings application, 2014 - 2025 (Kilotons) (USD Million)
5.8 Others
5.8.1 Market estimate and forecasts in other applications, 2014 - 2025 (Kilotons) (USD Million)
Chapter 6 Asia Pacific Metallic Stearate Market: Country Estimates & Trend Analysis, by Product and Application
6.1 Country movement analysis & market share, 2017 & 2025
6.2 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
6.2.1 Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
6.2.2 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
6.3 Malaysia
6.3.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
6.3.2 Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
6.3.3 Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
6.4 Indonesia
6.4.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
6.4.2 Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
6.4.3 Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
6.5 Thailand
6.5.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
6.5.2 Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
6.5.3 Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
6.6 Philippines
6.6.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
6.6.2 Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
6.6.3 Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
6.7 Vietnam
6.7.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
6.7.2 Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
6.7.3 Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
6.8 Key Insights
Chapter 7 Competitive Landscape
7.1 Vendor Landscape
7.2 Competitive Environment
7.3 Company Market Positioning
7.4 Strategic Framework
Chapter 8 Company Profiles
8.1 Valtris Specialty Chemicals
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2 Norac Additives, LLC
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.3 Sun Ace Kakoh (Pte.) Limited
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.4 PMC Biogenix, Inc.
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 Strategic initiatives
8.5 James M. Brown Ltd.
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.6 Marathwada Chemicals
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Product benchmarking
8.7 Seoul Fine Chemical Ind. Co., Ltd.
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.8 Dover Chemical Corporation
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.9 BASF SE
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Product benchmarking
8.10 The Dow Chemical Company
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.11 Solvay S.A.
8.11.1 Company overview
8.11.2 Financial performance
8.11.3 Product benchmarkingList of Tables
Table 1 Asia Pacific zinc stearate market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 2 Asia Pacific calcium stearate estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 3 Asia Pacific aluminum stearate market estimate and forecasts, 2014 - 2025 -(Kilotons) (USD Million)
Table 4 Asia Pacific magnesium stearate market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 5 Asia Pacific other products market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 6 Asia Pacific metallic stearate market estimate and forecasts in plastics application, 2014 - 2025 (Kilotons) (USD Million)
Table 7 Asia Pacific metallic stearate market estimate and forecasts in rubber application, 2014 - 2025 (Kilotons) (USD Million)
Table 8 Asia Pacific metallic stearate market estimate and forecasts in pharmaceutical application, 2014 - 2025 (Kilotons) (USD Million)
Table 9 Asia Pacific metallic stearate market estimate and forecasts in cosmetics application, 2014 - 2025 (Kilotons) (USD Million)
Table 10 Asia Pacific metallic stearate market estimate and forecasts in building & construction application, 2014 - 2025 (Kilotons) (USD Million)
Table 11 Asia Pacific metallic stearate market estimate and forecasts in plastics application, 2014 - 2025 (Kilotons) (USD Million)
Table 12 Asia Pacific metallic stearate market estimate and forecasts in other applications, 2014 - 2025 (Kilotons) (USD Million)
Table 13 Asia Pacific metallic stearate market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 14 Asia Pacific metallic stearate market value, by product, 2014 - 2025 (Kilotons)
Table 15 Asia Pacific metallic stearate market value, by product, 2014 - 2025 (USD Million)
Table 16 Asia Pacific metallic stearate market value, by application, 2014 - 2025 (Kilotons)
Table 17 Asia Pacific metallic stearate market value, by application, 2014 - 2025 (USD Million)
Table 18 Malaysia metallic stearate market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 19 Malaysia metallic stearate market value, by product, 2014 - 2025 (Kilotons)
Table 20 Malaysia metallic stearate market value, by product, 2014 - 2025 (USD Million)
Table 21 Malaysia metallic stearate market value, by application, 2014 - 2025 (Kilotons)
Table 22 Malaysia metallic stearate market value, by application, 2014 - 2025 (USD Million)
Table 23 Indonesia metallic stearate market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 24 Indonesia metallic stearate market value, by product, 2014 - 2025 (Kilotons)
Table 25 Indonesia metallic stearate market value, by product, 2014 - 2025 (USD Million)
Table 26 Indonesia metallic stearate market value, by application, 2014 - 2025 (Kilotons)
Table 27 Indonesia metallic stearate market value, by application, 2014 - 2025 (USD Million)
Table 28 Thailand metallic stearate market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 29 Thailand metallic stearate market value, by product, 2014 - 2025 (Kilotons)
Table 30 Thailand metallic stearate market value, by product, 2014 - 2025 (USD Million)
Table 31 Thailand metallic stearate market value, by application, 2014 - 2025 (Kilotons)
Table 32 Thailand metallic stearate market value, by application, 2014 - 2025 (USD Million)
Table 33 Philippines metallic stearate market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 34 Philippines metallic stearate market value, by product, 2014 - 2025 (Kilotons)
Table 35 Philippines metallic stearate market value, by product, 2014 - 2025 (USD Million)
Table 36 Philippines metallic stearate market value, by application, 2014 - 2025 (Kilotons)
Table 37 Philippines metallic stearate market value, by application, 2014 - 2025 (USD Million)
Table 38 Vietnam metallic stearate market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 39 Vietnam metallic stearate market value, by product, 2014 - 2025 (Kilotons)
Table 40 Vietnam metallic stearate market value, by product, 2014 - 2025 (USD Million)
Table 41 Vietnam metallic stearate market value, by application, 2014 - 2025 (Kilotons)
Table 42 Vietnam metallic stearate market value, by application, 2014 - 2025 (USD Million)
List of Figures
FIG. 1 Market snapshot
FIG. 2 Market trends & outlook
FIG. 3 Market segmentation & scope
FIG. 4 Asia Pacific metallic stearate market - Value chain analysis
FIG. 5 Asia Pacific stearic acid demand, 2012 - 2017 (Kilotons)
FIG. 6 Asia Pacific metallic stearate market dynamics
FIG. 7 Market driver relevance analysis (Current & future impact)
FIG. 8 Global plastics production, by region, 2016 (%)
FIG. 9 Synthetic rubber consumption, by region, 2016 (%)
FIG. 10 Market restraint relevance analysis (Current & future impact)
FIG. 11 Porter’s Five Forces Analysis
FIG. 12 PESTEL Analysis
FIG. 13 Asia Pacific metallic stearate market: Product movement analysis, 2017 & 2025 (%)
FIG. 14 Asia Pacific metallic stearate market: Application movement analysis, 2017 & 2025 (%)
FIG. 15 Country movement analysis, 2017 & 2025 (%)
Companies Mentioned
- Valtris Specialty Chemicals
- Norac Additives, LLC
- Sun Ace Kakoh (Pte.) Limited
- PMC Biogenix, Inc.
- James M. Brown Ltd.
- Marathwada Chemicals
- Seoul Fine Chemical Ind. Co., Ltd.
- Dover Chemical Corporation
- BASF SE
- The Dow Chemical Company
- Solvay S.A.
Methodology
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