South Korea Metallic Stearates Market Size & Outlook
Related Markets
South Korea metallic stearates market highlights
- The South Korea metallic stearates market generated a revenue of USD 116.8 million in 2024 and is expected to reach USD 146.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.8% from 2025 to 2030.
- In terms of segment, zinc stearate was the largest revenue generating product in 2024.
- Magnesium stearate is the most lucrative product segment registering the fastest growth during the forecast period.
Metallic stearates market data book summary
| Market revenue in 2024 | USD 116.8 million |
| Market revenue in 2030 | USD 146.1 million |
| Growth rate | 3.8% (CAGR from 2025 to 2030) |
| Largest segment | Zinc stearate |
| Fastest growing segment | Magnesium stearate |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Zinc stearate, Calcium stearate, Aluminum stearate, Magnesium stearate, Sodium Stearate, Lithium Stearate |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.5% of the global metallic stearates market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China metallic stearates market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 457.8 million by 2030.
Zinc stearate was the largest segment with a revenue share of 33.73% in 2024. Horizon Databook has segmented the South Korea metallic stearates market based on zinc stearate, calcium stearate, aluminum stearate, magnesium stearate, sodium stearate, lithium stearate covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea Is witnessed to use highly refined metallic stearates in numerous applications in the food industry. The Food and Drug Administration (FDA) has approved food-grade magnesium stearate, calcium stearate, zinc stearate, and other metallic stearates as ingredients food manufacturers to be utilized at levels not exceeding the current manufacturing practices.
South Korea is expected to witness a rapid growth in demand for metallic stearates mainly the magnesium stearates with expanding pharmaceutical industry over the coming years. The pharmaceutical industry of this country is now poised to grow rapidly pertaining to preparations of manufacturing large number of vaccines for COVID-19 for the domestic and international markets.
The pharmaceutical industry has witnessed rise in the foreign direct investment resulting from continuous innovation. The demand for metallic stearates in South Korea is mainly driven by the cosmetics, pharmaceutical and chemical industry, it is estimated to grow at a faster rate over the forecast period.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Metallic Stearates Market Scope
Metallic Stearates Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Akrochem | View profile | 51-100 | Akron, Ohio, United States, North America | https://www.akrochem.com/ |
| James M. Brown | View profile | 11-50 | Stoke-on-trent, Stoke-on-Trent, United Kingdom, Europe | https://www.jamesmbrown.co.uk |
| PMC Biogenix | View profile | 101-250 | Memphis, Tennessee, United States, North America | https://pmcbiogenix.com/ |
| Norac Additives | View profile | 101-250 | Ambler, Pennsylvania, United States, North America | https://www.noracadditives.com/ |
| Peter Greven GmbH & Co. KG | View profile | 11-50 | Bad Münstereifel, Nordrhein-Westfalen, Germany, Europe | https://www.peter-greven.de |
| Dover Chemical Corp | View profile | 251-500 | Dover, Ohio, United States, North America | http://doverchem.com |
| Valtris Specialty Chemicals | View profile | 501-1000 | Independence, Ohio, United States, North America | http://www.valtris.com/ |
| Baerlocher | View profile | 1001-5000 | Unterschleißheim, Bayern, Germany, Europe | https://www.baerlocher.com |
South Korea metallic stearates market size, by application, 2018-2030 (US$M)
South Korea Metallic Stearates Market Outlook Share, 2024 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
