The calcium stearate market is expected to witness a CAGR of approximately 5.74% during the forecast period (2018 - 2023). The major factors driving the market are the growing plastic industry and the increasing usage in the automotive industry for the production of tires. However, a strong competition from magnesium stearate is expected to restrain the market.

Growing Plastic Industry Driving the Market

Plastic industry is the major consumer of calcium stearate, it is used in the production of various plastics, such as PVC and PP. Therefore, the growing plastic industry drives the calcium stearate market. The plastic industry is witnessing a rapid growth in several countries, such as India, Brazil, China, and Mexico. This can be attributed to the increasing urbanization and a considerable amount of economic and industrial development, thereby, driving the market.

Plastic & Rubber Segment to Dominate the Market

The global calcium stearate market is segmented on the basis of end-user industry. Plastic and rubber industries hold the maximum share due to its widespread application in plastics as a neutralizer, color stabilizer, and deagglomerate for various PP and PE applications. These industries are expected to show their dominance during the forecasted period in response to their growing applications in a vast number of industries, such as tire manufacturing, packaging, and electronic products.

Asia-Pacific Showing a Positive Growth

Asia-Pacific is the largest market accounting for more than 40% of the global market. The region is expected to show an increase in response to the shifting focus among the PVC manufacturers from lead stearate to calcium stearate, thereby, increasing its applications in the food and pharmaceutical industries. In countries like China & India, calcium stearate is increasingly used as a lubricant in the plastic industry, thereby, augmenting the growth of the market.

Major Players: BELIKE Chemical Company Limited, Faci SpA, Kali Chem Industries, Mittal Dhatu Rashayan Udyog, and Seoul Fine Chemical Industry Company Limited, among others.

Reason to Purchase this Report

To understand the impact in various end-user industries on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating end-user industry in the market
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