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Opportunities For The Global Zinc Stearate Market To Reach $1.1 Billion By 2024
According to this new market report, 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 reach an estimated $1.1 billion by 2024 with a CAGR of 3.8% from 2019 to 2024. 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.
Zinc stearates are used as release agents, thickening agents, and emulsifiers in various applications, including plastic, rubber, paint & coating, concrete, personal care, and pharmaceutical. To identify the growth opportunities in the global zinc stearate market by application, end use industry, function, and region, Lucintel analyzed this market and has developed a comprehensive research report entitled “Growth Opportunities in the Global Zinc Stearate Market 2019-2024: Trends, Forecast, and Opportunity Analysis.”
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 industry is the use of renewable raw materials for lubricants manufacturing. Dover Chemical, Faci, Baerlocher, Peter Greven, Valtris Specialty Chemicals, and Linan Hauli Plastic are the major manufacturers of zinc stearates.
The Lucintel report serves as a catalyst for growth strategy as it provides 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 2013 to 2024]:
• Consumer Goods
By Application [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• Paint and Coating
• Personal Care
• Other Applications
By Function [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• Release Agent
• Thickening Agent
• Other Functions
By Region [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:
• North America
• Asia Pacific
• The 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 email@example.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer 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.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global zinc stearate market by application (plastics, rubber, concrete, paint and coating, personal care, pharmaceutical, and others), end use industry (construction, packaging, consumer goods, automotive, and others), function (release agent, thickening agent, emulsifiers, and other functions), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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