Ethylene Bis Stearamide Market:Introduction
TransparencyMarket Research delivers key insights on the global ethylene bis stearamide market. Interms of revenue, the global ethylene bis stearamide market is estimated toexpand at a CAGR of ~5% during theforecast period, owing to numerous factors regarding which TMR offers thoroughinsights and forecasts in its report on the global ethylene bis stearamidemarket.
The globalethylene bis stearamide market is broadly affected by several factors,including increase in usage of plastics in infrastructure and constructionapplications and rise in rubber manufacturing. Thus, growth in applications ofethylene bis stearamide in different sectors is propelling the global ethylenebis stearamide market.
Ethylene Bis Stearamide Market:Dynamics
Ethylenebis stearamide is used in various applications, primarily manufacture ofplastics, inks & coatings, adhesives & tapes, manufacture of rubber,and asphalts and potting compounds, powder metallurgy. Ethylene bis stearamideis also employed as release agent, antistatic agent, and antifoaming agent inthe production of thermoplastics, wires, and paper.
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In terms ofapplication, the global ethylene bis stearamide market can be segmented into
plasticmanufacturing, inks & coatings, adhesives & tapes, rubbermanufacturing, asphalts & potting compounds, powder metallurgy and others(defoamers, lacquers, etc.). The plastic manufacturing segment dominated theglobal ethylene bis stearamide market in 2019. The plasticmanufacturing segment is estimated to expand at a CAGR of 5% duringthe forecast period. The rise in demand for various polymers, such as polyvinylchloride, polypropylene, ABS resins, polystyrene, polyolefins, polyamides, andpolyurethanes in various industries such as plastics manufacturing,pharmaceuticals, agricultural, building & construction, and electronics, isattracting investments in the chemical sector. This is estimated to drive theglobal ethylene bis stearamide market during the forecast period.
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Ethylene Bis Stearamide Market:Prominent Regions
AsiaPacific dominated the global ethylene bis stearamide market in 2019. The trendis anticipated to continue during the forecast period. Asia Pacific accountedfor 35% share of the global ethylene bis stearamide market in 2019. Its shareis anticipated to rise marginally to reach 36% by 2030. The demand for ethylenebis stearamide is high in Asia Pacific, particularly in China, owing toincrease in consumption of ethylene bis stearamide products in the manufactureof various end-use products in applications such as plastic manufacturing, inks& coatings, adhesives & tapes, rubber manufacturing, and asphalts &potting compounds in the region. China is a prominent consumer of ethylene bisstearamide in Asia Pacific. The expansion of the building & constructionindustry is a major factor propelling the ethylene bis stearamide marketin the region. Asia Pacific is anticipated to remain a highly lucrative regionof the global ethylene bis stearamide market during the forecast period, owingto increase in production of plastic-based products in countries such as Chinaand India in the region.
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Ethylene Bis Stearamide Market:Key Players
Prominentplayers operating in the global ethylene bis stearamide market are CrodaInternational PlC, BassTech International, DEUREX, Tarak Chemicals, GreenTechPlastics, Sinwon Chemical, KLK OLEO, PMC Biogenix, Kao Chemicals, GuangzhouCardlo Biochemical technology Co., Ltd., Valtris, and Shandong Chuangying.
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