Zinc Stearate Market Leading Companies, Forthcoming Developments, Economic Fluctuations and Forecast to 2023
Zinc stearate is a zinc soap, highly preferred in industrial applications. It is a compound of long-chain fatty acids with Zinc attached to it and it is the most powerful mold release agent among all metal soaps. It contains no electrolyte and has a hydrophobic effect, and due to this versatile nature, this substance is used in many different types of applications, from plastic industries to concrete manufacturers.
Some of the prominent players operating in the zinc stearate market are Dover Chemical CorporationTerms (U.S.), Baerlocher GmbH (Germany), Faci Asia Pacific Pte Ltd (Italy), Peter Greven GmbH & Co. KG (Germany), Valtris Specialty Chemicals (South Africa), Norac Additives (U.S.), Nikunj Chemicals (India), Pratham Stearchem Pvt. Ltd (India), Linan Huali Plastic Co., Ltd. (China)and Nimbasia (India)
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The global zinc stearate market is segmented based on application, end use industry, and region. Based on the applications, the market is classified as a release agent, thickening agent, emulsifier, and others. based on end-use industries, the global zinc stearate market has been segmented into rubber industry, plastic industry, paints & coatings, pharmaceutical, cosmetics, paper industry, construction, and others. Zinc stearate offers a range of application in the cosmetics industry, and the industry is expanding at a healthy CAGR. As of 2016, the industry is progressing in terms of global shares due to increasing application scope and is forecasted to grow in the same trend.
The Asia Pacific is the most promising market regionally and has acquired largest shares as of 2016. Major growth drivers in this region are the vast production of zinc stearate due increasing export activities, the emergence of China as a global manufacturing hub, record tire production in the Asia Pacific as of 2016. China and India are the key economies in this region driving the demand for zinc stearate followed by Japan, Vietnam, and South Korea.
Over the last seven years, addressable growth has been noted in the Global Zinc Stearate Market and is anticipated to witness a prolific growth in the coming years. Some of the key factors driving the growth of this market are growing demand from countries such as China and India, its use as a color enhancer in plastic enhancer, diverse range of applications in cosmetic, and dynamic rubber production.
Browse the market data and information spread across 110 pages with 35 data tables and 12 figures of the report “Zinc Stearate Market research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/zinc-stearate-market-5198
January 08, 2018 Market Research Future published a Half Cooked Research report on the Global Zinc Stearate Market, which is estimated to grow at Rapid Pace during the forecast period, 2017-2023.
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