Calcium Stearate Market - Forecast(2023 - 2028)

Overview

Calcium Stearate Market size is forecast to reach the market size of $1.2 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. The main driving factors for the calcium stearate industry are the growing plastic industry and the increasing use of tire production in the automotive industry. For key players on the international Calcium Stearate industry, rises in domestic and export-oriented sales are observed. Nonetheless, problems such as rising consumer bargaining power, focusing on high-quality low-cost goods are causing significant changes in the Calcium Stearate.

Calcium stearate is a carboxylate of calcium, classified as a calcium soap. It is a component of some lubricants, surfactants, as well as many foodstuffs. It is a white waxy powder. Calcium Stearate is the stearic acid calcium salt which functions as an anticaking agent, binder, and emulsifier.

Report Coverage

The report: “Calcium Stearate Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Calcium Stearate Industry.

Key Takeaways

• During the forecast period, the increasing demand for rubber additives in the automotive industry is expected to boost the calcium stearate market.
• The growing usage of calcium stearate in transportation in order to prevent chemicals from sticking to each other also increases.
• The non-sticky property of calcium stearate have also added its opportunity in food and beverage industry, which have also increased its huge demand.

By End Use Industry - Segment Analysis

Owning to its extensive use in plastics as a color stabilizer, neutralizer, and deagglomerate for various PP and PE uses, the plastics and rubber industries have the largest share. In response to their growing applications in a vast number of industries, such as tire manufacturing, packaging, and electronic products, these industries are expected to demonstrate their dominance over the forecast period.

Geography - Segment Analysis

Asia-Pacific is dominating the calcium stearate market in 2019 globally. The region is expected to show an increase in response to the shifting focus from lead stearate to calcium stearate among PVC manufacturers, thereby increasing its applications in the food and pharmaceutical industries. Calcium stearate is widely used as a lubricant in the plastics industry in countries such as China & India, which also increase the market growth. In contrast, PVC manufacturers are switching from lead stearate to substitutes such as calcium stearate. Such emerging developments in countries like Japan, India, and China are likely to boost demand for calcium stearate.

Drivers – Calcium Stearate Market

·         Increasing Usage plastics and rubbers in major sector such as automotive, and electronics and telecommunication, and others.

One of the extensive users of plastics is the automotive industry. Owning to the move to lightweight and fuel-efficient vehicles, the global automotive industry will grow rapidly. Plastics are also commonly used in parts of electrical and telecommunications. In addition, a huge proportion of plastics is used in the rapidly growing packaging industry.

Challenges – Calcium Stearate Market

·         Stringent Environmental Regulations for Plastic Industries.

The world has a plastic pollution problem and it’s snowballing—but so is public awareness and action. Owning to its high environmental effects, various developed and developing countries have banned the usage of single plastics around the globe. Due to the sudden fall of plastics, the industries have also reduced its consumption, specifically automotive, and constructions, this has become a major factor which is constraining the market growth.

Market Landscape