Metallic Stearate Market Size Worth $4.84 Bn by 2025 | Cagr: 5.4%

Tuesday 5 December 2017, Amsterdam

The global metallic stearate market is anticipated to reach USD 4.84 billion by 2025, growing at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. The growth of the plastics and cosmetics industry owing to technological advancements in the sectors, most notably in the North America and Asia Pacific regions, coupled with rising demand of metallic stearate, is expected to fuel the product demand.

There are various types of metallic stearate available in the market, including zinc, calcium, aluminum, and magnesium. The others segment includes, sodium and lithium. Technological advancements have led to increasing awareness among consumers about the advantages of metallic stearates.

In terms of revenue, plastics accounted for the largest revenue share among applications in 2016, and is anticipated to continue its dominance with a growth rate of 4.6% over the forecast years. Promising growth in plastics production, especially in Asia Pacific, is anticipated to drive sizeable demand for metallic stearates over the forecast period.

The demand for the product is expected to boost owing to the growth in various application industries across key economies of the Asia Pacific region. Different product types are used in various applications, depending upon the requirements.