Products offered by the leading players in the global metallic stearates market are used as active ingredients in a diverse range of end-use industries, including paints, lubricants, construction materials, personal care products, cosmetics, and detergents, among others, according to a report by Transparency Market Research. Increasing adoption of metallic stearates in the industrial sector is anticipated to boost demand in the global metallic stearates market in coming years. As per a recent professional intelligence survey report, the global metallic stearates market is anticipated to rise at a CAGR of 5% during the forecast period of 2020 to 2030.
Growing demand for sodium stearate, a versatile material utilized in personal care, food additives, and cosmetics sectors, is favoring expansion of the global metallic stearates market. Sodium stearate products are used as dispersants, stabilizers, viscosity modifiers, emulsifiers, gelling agents, and binders. Rising demand from the pharmaceutical sector is expected to boost the expansion of the global metallic stearates market in near future.