Key Highlights of Global Stearates Market
· Theglobal Stearates market was valuedat US$ 4,512.4 Mn in 2018 and is anticipatedto expand at a CAGR of 5.5% during the forecast period
· Themarket for stearates is driven by factors such as high demand for additives inthe plastic & rubber processing industry coupled with rising demand forstearates in the building & construction industry.
· Stearatesare used as lubricating, releasing and anti-caking agents in plasticprocessing. Stearates are also used as acid scavengers in plastic processingand compounding.
· Theyincrease throughput and facilitate the formation of smoother and low frictionsurfaces. Increasing demand for stearates in pharmaceutical, personal care andtextile industries across the globe is estimated to offer higher opportunitiesfor market growth over the next few years.
· However,volatility in prices of raw materials coupled with strict environmentalregulations is projected to hamper market growth in the near future.
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Key Drivers of Global Stearates Market
· Harshenvironmental conditions adversely affect buildings. Excess water atconstruction sites can cause serious damage to buildings. Water is alsoconsidered responsible for the transport of substances such as microorganisms,salts or frost damage in cold conditions. Furthermore, dampness may occur inbuildings due to poor quality of materials, faulty design, and poorconstruction. This can result in softening and crumbling of the plaster.Waterproofing and damp proofing can be carried out with surface treatment,guniting, and cavity wall construction. Special additives are added to cementand mortar in order to enhance their water-repelling properties.
· Stearatesare used as hydrophobic agents in the building & construction industry. Inorder to achieve a hydrophobic effect, it is necessary to cover active surfacessuch as spikes and edges of the buildings. Stearates such as calcium, zinc, andsodium have higher swelling capacities and can be used as sealing agents inconcrete. Stearates form gels when in contact with water, thus blocking thecapillary system and causing hydrophobic effect. They prevent water frompenetrating into the mortar, while keeping intact the water vapor diffusion inthe mortar.
· Stearatesare used in various building applications. For instance, they are used in drymortar, concrete, joint filers, and plasters. Stearates are also used inconstruction paints and cement paints. Stearates offer enhanced water repellentand flowing properties to construction materials. In concretes, stearates areprimarily used in their dispersion forms. They act as a fluidizer andwater-repelling agent. Waterproofing and surface treatment are two of the majorapplications of stearates in the building & construction industry.Stearates are mixed with cement and plaster to form waterproofing surfaces.Stearates such as magnesium, calcium, aluminum, zinc, and sodium are used asimpermeable agents in the building & construction industry. They are alsoused in color concrete due to their ability to improve pigment wettability anddispersion.
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Personal Care Industry to Boost Opportunitiesfor Global Stearates Market
· Personalcare is another end-user industry that is anticipated to provide betteropportunities for the stearates market over the next few years. Stearates canbe used as colorants and anti-caking agents in many cosmetic products such ascreams and ointments. They can also be used in make-up products such asmascara, eye shadow, and powders due to their protective and water repellentproperties. Zinc stearates can offer anti-bacterial effect, especially inointments. Aluminum stearates and distearates can also be used in creams andointments due to their gelling properties and also because they act asviscosity modifiers and thixotrophic agents.
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Asia Pacific Dominates Global Stearates Market
· In termsof demand, Asia Pacific has been dominating the stearates market over the pastfew years. The region held over 40% of the global demand forstearates in 2018. This trend is projected to continue duringthe forecast period. High demand for stearates in the plastic & rubberprocessing industry has been a key factor for growth of the stearates industryin Asia Pacific.
· Theregion was followed by Europe, which is expected to experience sluggish marketgrowth during the forecast period. North America is anticipated to offeropportunities for market growth, especially in pharmaceutical and building& construction industries. Market share of Rest of the World is projectedto increase in the next few years.
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Fragmented Nature of Global StearatesMarket
· Thestearates market is fragmented in nature. It is controlled by manufacturerswith global presence. The top eight manufacturers - Baerlocher GmbH,FACI S.p.A., Norac Additives Inc., Dover Chemical Corporation, FerroCorporation, Mallinckrodt Pharmaceuticals, Peter Greven GmbH & Co. KG, andPMC Biogenix, Inc.
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