Zinc Stearate Market is forecast to reach $1.2 billion by 2026, after growing at a CAGR of 3.6% during 2021-2026. With rise in plastic industry, the zinc stearate market is witnessing an increase in demand, as they are used as a lubricant and release or powdering agent. Whereas COVID-19 pandemic will create hurdles and affect the overall market demand for zinc stearate during the forecast period, as the manufacturing facilities were totally shutdown during the imposed lockdown.
- Asia-Pacific dominates the zinc stearate market owing to increasing demand from applications such as additives, lubricants and others.
- The growing popularity of lubricants in plastic industry, is likely to aid in the market growth of zinc stearate.
Zinc Stearate Market Segment Analysis – By Application
Lubricants has been the primary market for zinc stearate. Zinc stearate is used as a lubricant, thickener, and to hold together the liquid and oily elements in cosmetics. Zinc stearate is mixed as a lubricant additive together with the metal powder. The proportion of lubricants varies from 0.5% to 5.0% by weight. In the compacting phase in the press, the lubricants improve flow and compressibility characteristics; the binders have the opposite effect. The different amount of the two additives influences the porosity and final properties of the material. Zinc stearate has an advantage over other lubricants as it provides zinc for the alloy which is beneficial in certain processes.
Zinc Stearate Market Segment Analysis – By End-Use Industry
Zinc Stearate Market Segment Analysis – By Geography
Zinc Stearate Market Drivers
Growing demand in cosmetics
Positive Impacts of COVID-19
Zinc Stearate Market Challenges
Zinc Stearate Market Landscape
- In September 2020, Dover has completed the acquisition of XanTec Steuerungs- und EDV-Technik GmbH (“XanTec”), a developer and supplier of automation and control solutions for industrial machinery of all types with particular focus on plastic and polymer processing machines across the globe.
For more Chemicals and Materials Market reports, Please click here