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

The zinc stearate market is anticipated to experience growth at a CAGR of 5.38% in order to attain a market size of US$990.258 million by 2027, up from US$686.136 million in 2020.

The market is expected to grow at a significant pace with immense application in various end-use industry verticals.

The growing applications of plastics and rubber in several industries are driving the growth of the global zinc stearate market in the forecast period. The surging rubber industry is propelling the market demand. Additionally, with the growing plastics sector, the market is poised to proliferate in the forecast period. The growing demand for renewable raw materials for lubricant manufacturing is further bolstering the growth of the zinc stearate market. Furthermore, the growing cosmetics & personal care, pharmaceutical industry, paper, and concrete industries are fueling the growth of the global zinc stearate market 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 industry, the paint, and plastics industry, the chemical industry, and many more. One of the main reasons for market growth in this region lies in the huge consumer base with an expanding middle-class income coupled with rising disposable income and increasing family income with women entering the main workforce.

The growing cosmetics & 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 serving as one of the main drivers 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, which has led to the high market demand for cosmetics, which is further poised to propel the market growth in the forecast period. Also, the advent of many independent brands with novel ideas in the field of cosmetics so as 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 it is being experienced among older adults as well.

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, and fine lines, in addition to providing skin-brightening results. Furthermore, big brands are adopting the acquisition of smaller brands as a part of their strategy to enhance their product outreach and strengthen their brand value. The main reason is that young companies with innovative products are causing a threat to the bigger brands. Hence, through acquisition at a higher price, big companies are able to expand their product portfolio as per the customers’ demands and are able to provide a huge range of cosmetic products with unique and appealing cosmetic packaging. This further triggers the impulse buying behaviour of the customers.

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 of the fact that 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.  Also, many companies, big and small are also working on expanding their product portfolio related specifically to male customers, cosmetic products include fairness creams, perfumes, sunscreens, and other skincare products.

The growing rubber industry is providing an impetus for use of zinc stearate on a large scale, fueling the market demand over the next five years.

The demand for industrial rubber is expected to grow in the forecast period due to the increasing number of sales of motorized vehicles, and auto components. Hence, the growing automotive industry and the wide application of rubber in various end-user industry verticals are propagating the market demand during the forecast period. Additionally, the growing infrastructure and construction industries are further providing an opportunity for the rubber industry to thrive, augmenting the market demand as well. 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.

Key developments in the market

• In February 2022, True+Luscious unveiled a new make-up palette, Flora Furiosa, that was inspired by the flowers that bloom in the harshest climatic conditions. The offering featured a unique range of ten metallic and shimmer shades. Of the ten shades, Trillium and Starflower shades included zinc stearate as one of the main ingredients.
• In April 2021, One/Size introduced its new vegan-based versatile powder foundation, Turn Up the Base. The latest offering features customizable coverage, offering 32 different shades. According to the list of ingredients offered by the brand, Zinc stearate is one of the prime excipients used in the formulation.

COVID-19 Insights

COVID-19 had a significant impact on the global zinc stearate market. Amid the pandemic, the closure of the manufacturing facilities owing to the mandated lockdown led to a decrease in the production levels of multiple end-user industries. The market witnessed reduced demand in the plastics, rubber, and concrete end-user industry markets. However, as an essential lifestyle product, the zinc stearate market saw a surge in demand in the cosmetics industry.

Zinc Stearate Market Scope:

Segmentation:

• 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
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • UAE
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Indonesia
    • Thailand
    • Taiwan
    • Others