According to the recent research report titled ‘Global Metallic Stearates Market Size study, by Type (Zinc Stearate, Calcium Stearate, Magnesium Stearate, Aluminum Stearate) by End User Industry (Polymers & Rubbers, Pharmaceuticals & Cosmetics, Building & Construction) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global metallic stearates market was worth USD 3.9 billion in 2020 and is expected to multiply with a CAGR of 4.1% over 2021-2027, subsequently amassing a valuation of USD 5.17 billion by the end of the forecast period.
 

As per the report findings, surging demand for rubber and plastics, along with increasing requirements from the cosmetics and pharma sector are the primary factors fueling global metallic stearates market growth.
 

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4339737/
 

Credible sources cited that plastics production was expected to increase to 367 million metric tons in 2020, up from 348 million metric tons in 2017. Metallic stearates have significant use in the plastic industry, thus growth in plastic production is likely to benefit the market outlook.
 

Notably, several products including zinc, aluminum, and calcium stearate, and are used as metallic stearates in various applications including plastics, rubber, medicines, and cosmetics.
 

The most common method for producing metallic stearates is precipitation or double decomposition. Particle size, surface area, and shape are controlled by the rate of precipitation in this process. The process yields small metallic stearate particles with a large surface area.
 

Increasing technical breakthroughs and research & development efforts are expected to further boost worldwide global metallic stearates industry expansion over the projected period.
 

On the contrary, market differences in bulk versions of the product and competitive pricing variations will stifle market expansion over the study duration.
 

Speaking of geographical assessment, Europe, North America, Asia Pacific, and Latin America are the key areas considered for the regional analysis of the overall market. Asia Pacific currently leads the overall industry share due to rising number of constriction activities in the region.
 

On the other hand, North America is poised to grow substantially over 2021-2027, attributable to increasing research & development activities in the area.
 

Elaborating on competitive landscape, James M. Brown Ltd., PMC Biogenix Inc., Sun Ace Kakoh Pte. Ltd., Norac Additives LLC, Faci S.p.A, Baerlocher GmbH, Peter Greven GmbH & Co. KG, Valtris Specialty Chemicals, Dover Chemical Corporation, and Nimbasia Stabilizers LLP are the major firms operating in global metallic stearates market sphere.