The global calcium stearate market valued at around USD 865 million in 2015 and is expected to grow at a CAGR of approximately 5% from 2016 to 2024. The calcium stearate market is projected to grow on account of the growing plastic and rubber production industry.
Calcium stearate, also called as octadecanoic acid calcium salt or stearic acid calcium salt, is a universally accepted metallic stearate for industrial and commercial applications. It is available in a liquid form with 50% dispersion commercially and usually sold in a white waxy powder form.
Its end-use application segments the calcium stearate market into the pharmaceutical industry, cement & construction sector, paper production industry, rubber processing industry, plastic manufacturing industry, lubricant industry, and the personal care industry.
The growing applications of plastic in the packaging, consumer durables, and electrical & electronics industry is expected to contribute to the demand of calcium stearate. It is widely used as an external lubricant in plastic manufacturing companies for the production of Polyvinyl chloride (PVC), High-density polyethylene (HDPE), and Polypropylene (PP).
Calcium stearate also serves as an anti-caking agent in rubber processing industries to prevent coagulation of uncured rubber and to release the final product from molds in the rubber processing industry. The increasing demand for rubber additive on account of growing demand for rubber in the automobile industry is projected to drive the calcium stearate market during the forecast period.
According to the FDA database, calcium stearate is considered fit for human consumption. Therefore, the product has gained wide acceptance for use in oral drug formulations in the pharmaceutical industry. Calcium stearate prevents chemicals from sticking to the processing equipment during the production of solidified tablets. It is also used at the transportation phase to prevent chemicals from sticking to each other.
Calcium stearate is employed in the production of candies and other confectionaries in the food industry. The non-sticky property of the calcium stearate is one of the primary reason for its acceptance in the food and pharmaceutical industry. Liquid calcium stearate is used in the cement industry to prevent secondary efflorescence so as to reduce the loss of solvated salts due to continuous exposure of adhesive to air. The growth of the cement & construction industry on account of increasing infrastructural activities and demand in residential & commercial construction is expected to drive the demand for calcium stearate over the forecast period.
The paper production industry uses calcium stearate to provide a matte finish to paper. In the lubricant industry, it is used as a thickening agent for lubricating grease. Calcium stearate works as an anti-tack agent and gelling agent in the personal care industry. In the plastic production industry, it is used as a neutralizer, color stabilizer, and deagglomerate for various PP and PE applications.
Applications for calcium stearate in the plastic and rubber production industry are expected to account for a significant market share in 2015. These industries are expected to continue their dominance over the market from 2016 to 2024 on account of the growing applications of plastic and rubber in a vast number of industries such as tire manufacturing, packaging, electronic products.
The global markets for PVC, PP, and PE is expected to grow over the forecast period on account of increasing applications in the manufacturing and packaging industry of Asia Pacific. Moreover, PVC manufacturers are shifting from lead stearate to alternatives such as calcium stearate. These upcoming trends are likely to boost demand for calcium stearate in countries such as Japan, India, and China.
The market for North America is projected grows on account of GRAS approval given to calcium stearate by the FDA, which will increase its application in the food and pharmaceutical industry. In Europe calcium stearate was labeled as a food additive without an explicitly limited concentration, this is one of the major factors which will contribute to the growth of the calcium stearate market in Europe.
The growing application of magnesium stearate in the pharmaceutical industry on account of its anti-adherent properties, cheap pricing, and smooth production is expected to hinder the growth of the calcium stearate market over the forecast period.
Some of the major market players in the calcium stearate market are BELIKE Chemical Company Limited, Faci Spa, Kali Chem Industries, Mittal Dhatu Rashayan Udyog, Seoul Fine Chemical Industry Company Limited.
Other players in the market are Allan Chemical, Barium & Chemicals, CellMark USA, Hummel Croton, Dover Chemical, Ferro Corporation, The HallStar Company, Nora Additives, PMC Biogenix, Pratham Stearchem, Peter Greven, Nan tong Xinbang Chemical, Dongguan CHNV New Material Technology.
Other are Shaoyang Tiantang Additives Chemical, Mallinckrodt Pharmaceuticals, American eChem, Corporación Sierra Madre, Vaaidehi Minerals, Inner Mongolia Haohai Chemical, U.S. Chemicals, Sun Ace Kakoh, Zhejiang Hengxiang Chemical, and Mexichem.
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.