Zinc Stearate Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Function (Release Agent, Emulsifiers, Thickening Agent, Others), By End-User Industry (Rubber, Plastics, Concrete, Cosmetics & Personal Care, Others), And By Geography- Forecasts From 2022 To 2027
- Published : Dec 2024
- Report Code : KSI061612827
- Pages : 111
The zinc stearate market is anticipated to experience growth at a CAGR of 5.41% to attain a market size of US$1,164.266 million by 2030, up from US$894.488 million in 2025.
Zinc stearates are biodegradable and hence are considered environmentally safe. The growing trend of adopting green materials is driving its demand in several end-user industry verticals. Based on binder type, Zinc stearates are segregated into resins, gums, waxes, and others utilized in various end-use industries around the globe. Hence, the immense potential of zinc stearate, especially for adhesion and cohesion, is further augmenting the market in the forecast period.
Furthermore, the growing food and agriculture industry is propelling market growth along with the growing global demand for food, and thus, prolonging their shelf-life is important. The growing leather industry is further driving the development of the global zinc stearate market over the next five years.
What are the drivers of the zinc stearate market?
- Growing Demand from Various End-Use Industry Verticals
The growing plastics and rubber applications in several industries are driving the global zinc stearate market expansion in the forecast period. The surging rubber industry is propelling the demand. Additionally, with the growing plastics sector, the market is poised to increase in the forecast period. The growing need for renewable raw materials for lubricant manufacturing is further bolstering the zinc stearate market’s growth. Furthermore, the growing cosmetics & personal care, pharmaceutical, paper, and concrete industries are fueling this market’s expansion over the next five years.
Geographically, APAC holds a significant market share owing to the rapidly growing industries in the region. This includes the pharmaceutical, the paint, plastics, the chemical industries, and many more. One of the main reasons for this regional market growth is the huge consumer base, which has an expanding middle-class income coupled with rising disposable income and increasing family income, with women entering the main workforce.
- Rising Demand in Cosmetics and Personal Care Industry
The global zinc stearate industry is expected to soar with a significant growth rate during the forecast period owing to the proliferating beauty industry. Increasing interest in cosmetics among many women globally is one of the main factors driving the adoption of cosmetic products on a large scale. This is mainly attributed to the fact that these women love to explore a range of beauty products in the market. This has led to the high market demand for cosmetics, which is further poised to propel the market growth in the forecast period. Additionally, the advent of many independent brands with novel ideas in the field of cosmetics to remain beautiful or become beautiful is adding to industrial growth. The burgeoning craze of cosmetics is not only being realized among the younger generation but also experienced among older adults.
Hence, the manufacturers in the cosmetic industry have been provided with heaps of opportunities to produce innovative cosmetic goods for this group of society as well. The wide availability of cosmetic solutions, which include an instant fix solution for the aged population who look forward to fast improvements in skin repair, is becoming quite common these days. Hence, these solutions are gaining momentum for quick improvements in eye bags, fine lines, and skin-brightening results. Furthermore, big brands are acquiring smaller brands as a part of their strategy to enhance their product outreach and strengthen their brand value.
Furthermore, with the growing awareness of personal grooming among males worldwide, the cosmetic & personal care industry is projected to fuel in the upcoming years. This is because men aiming to achieve better health and wellness in addition to styling are investing more money in personal grooming and cosmetic products with the growing per capita income. Thus, this is providing a huge market opportunity for the zinc stearate market to thrive in the future. Many companies, big and small, are working on expanding their product portfolio related specifically to male customers; cosmetic products include fairness creams, perfumes, sunscreens, and other skincare products.
- Increasing demand for industrial rubber
The demand for industrial rubber is expected to grow in the forecast period due to the increasing number of motorized vehicle and auto components sales. Hence, the growing automotive industry and the wide application of rubber in various end-user industry verticals are propagating the market expansion during the forecast period. Additionally, the growing infrastructure and construction industries are further providing an opportunity for the rubber industry to thrive, augmenting the demand. The Asia Pacific is expected to be the largest market in terms of consumption at the global level. China, India, and Thailand are among the largest consumers in the APAC region.
Major challenges hindering the growth of the zinc stearate market:
The zinc stearate market, although promising, has many challenges. Changes in raw material prices, particularly zinc oxide and stearic acid, have a major influence on the cost of production and profitability. Stringent environmental regulations related to chemical usage and waste disposal can increase compliance costs and operational complexities.
Moreover, there is competition from alternative lubricants that may be superior in performance or cheaper in certain applications. Economic downturns in the automotive and construction industries would decrease demand for zinc stearate, thus reducing sales and revenue. Zinc stearate is considered safe, but improper handling or exposure can cause health problems. Strict adherence to safety protocols and proper handling practices are essential to mitigate such risks.
The zinc stearate market is segmented into five regions worldwide:
Geography-wise, the market of zinc stearates is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. North America and Europe have mature markets for zinc stearate, and the company has good traction in the plastics, rubber, and pharmaceutical sectors. Strong regulatory standards and the demand for high-performance materials are growth drivers in these regions.
Asia Pacific is an emerging market with strong growth potential mainly because of rapid industrialization and urbanization. China and India are prominent consumers of zinc stearate, influenced by the continued growth in their manufacturing industries, especially in plastics, rubber, and cosmetics. South Korea ranks among the top ten beauty markets worldwide, recognized for its innovative products, natural ingredients, and attractive packaging. According to Korea Customs Service estimates for 2022, skincare cosmetics remained the most popular import category, accounting for 41.8%, or $711 million, of total cosmetic imports.
The Middle East, Africa, and South America are relatively smaller markets than North America, Europe, and Asia Pacific. However, these regions' growing construction and automotive industries are creating opportunities for zinc stearate.
The zinc stearate market is segmented and analyzed as follows:
- By Function
- Release Agent
- Emulsifiers
- Thickening Agent
- Others
- By End-User Industry
- Rubber
- Plastics
- Concrete
- Cosmetics & Personal Care
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
- North America
Frequently Asked Questions (FAQs)
The zinc stearate market is anticipated to reach a total market size of US$990.258 million in 2027.
The global zinc stearate market is anticipated to grow at a CAGR of 5.38% during the forecast period.
Zinc Stearate Market was valued at US$686.136 million in 2020.
Geographically, APAC holds a significant share of the zinc stearate market owing to the rapidly growing industries in the region.
The growing applications of plastics and rubber in several industries are driving the zinc stearate market growth.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. ZINC STEARATE MARKET BY FUNCTION
5.1. Introduction
5.2. Release Agent
5.3. Emulsifiers
5.4. Thickening Agent
5.5. Others
6. ZINC STEARATE MARKET BY APPLICATION
6.1. Introduction
6.2. Rubber
6.3. Plastics
6.4. Concrete
6.5. Cosmetics & Personal Care
6.6. Others
7. ZINC STEARATE MARKET BY GEOGRAPHY
7.1. Global Overview
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Rest of South America
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Rest of Europe
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. United Arab Emirates
7.5.3. Rest of the Middle East and Africa
7.6. Asia-Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Rest of Asia-Pacific
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. American Elements
9.2. Baerlocher GmbH
9.3. Norac Additives LLC (A Peter Greven Group Company)
9.4. Amgeen Minerals
9.5. Nimbasia Stabilizers
9.6. Sankalp Organics Pvt. Ltd.
9.7. PMC Biogenix, Inc. (PMC Group, Inc.)
9.8. Thermo Scientific Chemicals
9.9. Prakash Chemicals International
9.10. Stearate India
American Elements
Baerlocher GmbH
Norac Additives LLC (A Peter Greven Group Company)
Amgeen Minerals
Nimbasia Stabilizers
Sankalp Organics Pvt. Ltd.
PMC Biogenix, Inc. (PMC Group, Inc.)
Thermo Scientific Chemicals
Prakash Chemicals International
Stearate India
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