Lead stearate market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 1.80% in the forecast period of 2021 to 2028 and is estimated to reach USD value of 150.80 million by 2028. The increase in use of lead stearate as chemical additive across the globe is escalating the growth of lead stearate market.
Lead Stearate Market Scope and Market Size
Lead stearate market is segmented on the basis of type, form, application and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the lead stearate market is segmented into di-basic lead stearate-51% lead and normal lead stearate-28% lead.
- On the basis of form, the lead stearate market is segmented into submicron and nano powder.
- On the basis of application, the lead stearate market is segmented into lubricants, drier, stabilizer, mold releasing agent and accelerant.
- On the basis of end users, the lead stearate market is segmented into petroleum industry, ink, oil and paints, electrical industry, plastic industry and rubber
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Market Analysis and Insights: Global Lead Stearate Market
Lead stearate refers to a lead based compound having the molecular formula of Pb (C17H35COO) 2 which is utilized as chemical additive. Other names of this compound are ‘Octadecanoic acid’, ‘Stearic Acid Lead Salt’, ‘lead octadecanoate’ and ‘Lead (II) Stearate’. The product is synthesized through various chemical processes such as metathesis method and requires lead acetate and stearic acid as raw materials during commercial production. It is used as heat stabilizer in numerous electronic applications and as high temperature lubricants in PVC processing.
The increase in demand for lead stearate from the PVC industry due to its use as stabilizers for PVC is one of the major factors driving the lead stearate market growth. PVC industry facilitates a chain of downstream industries including infrastructure, agriculture, housing, sanitation and others. The growing use of the lead stearate in the electronic industry and the expansion of the industry due to new product innovations, advancements and development of electronic products. Lead compounds are used as predominant stabilizer in wire and cable owning to its excellent electrical insulation properties and cost-effectiveness. The product is also utilized as drier in the oil and paint sector which accelerates its demand. Additionally, rapid urbanization, growth of various industries consuming lead stearate in their applications and rise in population globally also influences the lead stearate market. Furthermore, the multiple utilization of lead stearate and the emerging markets in the developing countries extend profitable opportunities to the market players in the forecast period of 2021 to 2018.
On the other hand, concerns with the toxicity of the natural compounds and the stringent government regulations and policies associated with the use of lead stearate are factors expected to obstruct the market growth. The initiatives by government and other end user industries for the development of non-lead stabilizer PVC compounds for insulated cables and wires are projected to challenge the lead stearate market in the forecast period of 2021-2028.
Country Level Analysis of Global Lead Stearate Market
The countries covered in the lead stearate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Lead Stearate Market Share Analysis
Lead stearate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lead stearate market.
Leading Brands in Global Lead Stearate Market
The major players covered in the lead stearate market report are WSD Chemical limited, American Elements, Triveni Interchem Private Limited, aivitchem, Pratham Metchem LLP, POCL Enterprises Limited, Beijing Yunbang Biosciences Co.Ltd., Shristab Pvt. Ltd., Chongqing ChangFeng Chemical Co.,Ltd., Xiamen Hisunny Chemical Co., LTD, Qingdao Echemi Technology Co., Ltd., Hengshui Taocheng Chemical Auxiliary Co., Ltd., Hangzhou Oleochemicals Co., Ltd., Hunan Shaoyang Tiantang Auxiliaries Chemical, Co., Ltd, Asian Organo Industries, Sancheti Polymers, Zauba Technologies Pvt Ltd, Stabplastchemo., Nexus Polychem., Almstab, Vishal Pharmakem among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: lead stearate market
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