According to this new market report, the future of the global zinc stearate market looks promising with opportunities in the construction, packaging, consumer goods, and automotive industries. The global zinc stearate market is expected to reach an estimated $1.1 billion by 2024 with a CAGR of 3.8% from 2019 to 2024. The major drivers for this market are increasing demand for plastics and rubber in various end use industries and its property to reduce energy consumption during plastic and rubber processing.
Zinc
stearates are used as release agents, thickening agents, and emulsifiers in
various applications, including plastic, rubber, paint & coating, concrete,
personal care, and pharmaceutical. To identify the growth opportunities in the
global zinc stearate market by application, end use industry, function, and
region, Lucintel analyzed this market and has developed a comprehensive
research report entitled “Growth Opportunities
in the Global Zinc Stearate Market 2019-2024: Trends, Forecast, and Opportunity
Analysis.”
Lucintel
forecasts that plastics will remain the largest segment and it is also expected
to witness the highest growth over the forecast period due to growth in worldwide
plastic production along with the increasing need for color enhancers.
Within the zinc stearate market, construction will
remain the largest end use market by
value and volume due to increasing building and construction activities in
emerging nations and growing demand for non-toxic hydrophobic agents in
concrete applications. The packaging segment is expected to witness the highest
growth over the forecast period due to growth in the food packaging industry.
Asia Pacific will remain the largest
region by value and volume and it is
also expected to witness the highest growth over the forecast period due to continued growth in the automotive production
and increasing building and construction activities specifically in China and
India.
An emerging trend that has a direct impact on
the dynamics of the industry is the use of renewable raw materials for lubricants
manufacturing. Dover Chemical, Faci, Baerlocher,
Peter Greven, Valtris Specialty Chemicals, and Linan Hauli Plastic are the
major manufacturers of zinc stearates.
The Lucintel report serves as a catalyst for
growth strategy as it provides comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global zinc
stearate market by application, end use industry, function, and region as
follows:
By
End Use Industry [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
·
Construction
·
Packaging
·
Consumer Goods
·
Automotive
·
Others
By Application
[Volume (Kilotons) and $M shipment analysis
from 2013 to 2024]:
·
Plastics
·
Rubber
·
Concrete
·
Paint and Coating
·
Personal Care
·
Pharmaceutical
·
Other Applications
By Function [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
·
Release Agent
·
Thickening Agent
·
Emulsifiers
·
Other Functions
By Region [Volume (Kilotons) and $M shipment
analysis for 2013 – 2024]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
210-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for
the global zinc stearate market by application (plastics, rubber, concrete,
paint and coating, personal care, pharmaceutical, and others), end use industry (construction, packaging,
consumer goods, automotive, and others), function (release agent, thickening
agent, emulsifiers, and other functions), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are the emerging trends in this
market and reasons behind them?
Q.7 What are the changing demands of customers
in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via product substitution?
Q.11 What M&A activity
has occurred in the last 5 years?
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