Global Calcium Stearate Market - 2020-2027
|硬脂酸鈣的全球市場：未來前景（2020-2027） Global Calcium Stearate Market - 2020-2027|
|出版日期: 按訂單生產||內容資訊: 英文||
The global Calcium Stearate market was worth USD XX billion in 2019 and is forecasted to reach USD XX billion by 2027, growing at a CAGR of XX% during the forecast period (2020-2027).
Calcium stearate is a nontoxic and nonirritant carboxylate of calcium, and is one of the most commonly used metallic stearate for industrial and commercial applications. It is produced by reacting stearic acid with calcium oxide. Calcium stearate is sold in the form of a white waxy powder, in both food and technical grades. Most of the calcium stearate produced is used in the plastic and rubber industry as a lubricant for the production of PVC, HDPE, and PP, and as an anti-caking agent in rubber processing.
The plastics industry, consisting primarily of PVC, PP, and PE, has grown rapidly in recent years. This is due to widespread urbanization and significant industrial and economic development in the emerging economies of APAC and the Americas. As calcium stearate is used extensively in plastics manufacturing, vendors in the calcium stearate market have benefitted from this growth. In this industry, calcium stearate is used as a lubricant in PVC resin production, and as a neutralizer, color stabilizer, and deagglomerator in various PP and PE applications. Calcium stearate is also being used to reduce fiber breakage in HDPE manufacturing, as well as to reduce extruder pressure during compounding operations in PVC.
Growing concern over the adverse effects of plastics on the environment is a major challenge in the calcium stearate market, and will continue to be. Stringent government policies regarding the hazardous effects of emissions from plastic and rubber industries have been a major hindrance to the growth of these industries. Most countries, including the US, Japan, and EU nations, have banned or limited the use of plastics for various purposes. As a result, many stores are now either charging for plastic bags or phasing them out altogether.
Based on application, the market can be categorized into five segments. In 2019, the plastic and rubber industry consumed the most calcium stearate, with a XX% share. It was followed by the construction industry at XX%, then the personal care and pharmaceutical industry with XX%. Compared to other segments, calcium stearate use in the plastic and rubber industry will likely grow at the fastest rate during the forecast period. Rapid growth of this industry in BRIC countries is expected to boost market growth.
Based on the region, the global Calcium Stearate market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Calcium stearate consumption in APAC is predicted to grow at a faster rate than in other regions, due to an increased demand for calcium stearate as a lubricant for PVC production in India and China. Rapid development of the pharmaceutical industry in this region is further boosting the demand for calcium stearate. In 2019, China was the leading country in the global calcium stearate market. Calcium stearate consumption in the country has risen significantly in recent years, due to growth in the plastic and rubber industry and increased industrial activities. However, as there is a low per capita income in China and calcium stearate is used widely in pharmaceuticals, many people cannot afford these medications. This is the major challenge faced by manufacturers of calcium stearate in China. Increased use of calcium stearate over lead stearate in PVC production is also a major trend in the market.
The global calcium stearate market is fragmented, with many regional and global players. The market is moderately competitive, due to the even distribution of market shares among established players from APAC. With demand for calcium stearate from the pharmaceutical, rubber, and plastic industries in the emerging economies of APAC and ROW, especially India, China, and Brazil, we expect many new players from these regions to enter the international market.