According to a new market report published by Lucintel, the future of the global zinc stearate market looks promising with opportunities in the construction, packaging, consumer goods, and automotive industries. The global zinc stearate market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.2 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are increasing demand for plastics and rubber in various end use industries and its property to reduce energy consumption during plastic and rubber processing.

Browse 116 market data tables and 134 figures spread through 210 pages and in-depth TOC on “Global Zinc Stearate Market"

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In this market, different types of zinc stearate such as plastics, rubber, concrete, paint and coating, personal care, pharmaceutical, and others are used as application. On the basis of comprehensive research, Lucintel forecasts that plastics will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growth in worldwide plastic production along with the increasing need for color enhancers.

Within the zinc stearate market, construction will remain the largest end use market by value and volume due to increasing building and construction activities in emerging nations and growing demand for non-toxic hydrophobic agents in concrete applications. The packaging segment is expected to witness the highest growth over the forecast period due to growth in the food packaging industry.

Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period due to continued growth in the automotive production and increasing building and construction activities specifically in China and India.

An emerging trend that has a direct impact on the dynamics of the zinc stearate industry is the use of renewable raw materials for lubricants manufacturing. Dover Chemical, Faci, Baerlocher, Peter Greven, Valtris Specialty Chemicals, and Linan Hauli Plastic and others are among the major zinc stearate manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global zinc stearate market by application, end use industry, function, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Zinc Stearate Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global zinc stearate market by application, end use industry, function, and region as follows:

By End Use Industry [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:

ConstructionPackagingConsumer GoodsAutomotiveOthers
By Application [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:

PlasticsRubberConcretePaint and CoatingPersonal CarePharmaceuticalOther Applications
By Function [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:

Release AgentThickening AgentEmulsifiersOther Functions
By Region [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:

North AmericaEuropeAsia PacificThe Rest of the World
This 210-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/zinc-stearate-market.aspx or [email protected].

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.