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According to the latest research, the global Sodium Stearate market size was valued at USD 94.04 million in 2022 and is expected to expand at a CAGR of 5.31% during the forecast period, reaching USD 128.3 million by 2028.
Sodium stearate is the sodium salt of stearic acid. This white solid is the most common soap. It is found in many types of solid deodorants, rubbers, latex paints, and inks. It is also a component of some food additives and food flavourings.
Unfavorable Conditions Arising Due to the Impact of COVID-19
COVID-19's disease is spreading all over the world. Infected millions of people around the world, major countries in the world have implemented embargoes and shutdown orders. Many downstream industries of sodium stearate have been seriously affected, thus affecting the development of sodium stearate industry.
In the past year, the market witnessed the decline of the company's sales, the temporary business closure and the interruption of supply chain and manufacturing activities. Due to the limitation of raw materials and on-site labor, the manufacturing industry is delayed, and many companies are in trouble.
Increasing Demand from Plastic and Rubber Processing Industries
Plastic and rubber are two of the most widely used materials in daily life. Processing & compounding is one of the essential methods to convert these materials into desirable sizes and shapes. Plastic materials such as Polyvinyl Chloride (PVC), Polyethylene (PE), and Polypropylene (PP) are processed into granules, fluids, sheets, and formed shapes or parts. Plastic and rubber materials contain a variety of additives that alter their properties and have influence on processability. Stearates are considered as one of the key additives required for the processing of plastics and rubber.
Sodium stearate is used as a lubricant in polypropylene, polystyrene, and polycarbonate due to its high softening point and discoloration resistance. It is also utilized as an emulsifier and a vulcanization promoter in latex and rubber applications. They increase the throughput and facilitate the production of smoother and low friction surfaces. And the demand for sodium stearate in plastic and rubber processing industries is increasing, which is helpful to promote the development of sodium stearate market.
International Trade Risk
The export sales of many stearic acid suppliers account for a large proportion of the total sales. Due to the unstable international macroeconomic situation, the exchange rate of US dollar will change to some extent, which may have a certain impact on the export exchange rate of suppliers. Because international trade is affected by political and economic events, tariffs and various trade barriers will affect suppliers' import and export business, which may also restrict the development of some stearic acid industry participants.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia Pacific (36.31% in 2022).
Company Overview:
Peter Greven is one of the major players operating in the Sodium Stearate market, holding a share of 18.31% in 2023.
Peter Greven
Peter Greven is a company manufacturing oleochemical products based on renewable raw materials. Its product portfolio includes metal soaps, alkali soaps, ester lubricants, and dispersions, which are based on natural materials.
Hallstar
The HallStar Company produces chemicals. The Company manufactures organic and inorganic chemicals, including polymers used in adhesives and coatings, and ingredients for sunscreens, lotions, and other personal care items. HallStar serves clients worldwide.
Segmentation Overview:
By type, Industrial Grade segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Soaps & Detergents segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Sodium Stearate industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Sodium Stearate. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Sodium Stearate Market Report Include:
Market Size Estimates: Sodium Stearate market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Sodium Stearate market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Sodium Stearate market
Segment Market Analysis: Sodium Stearate market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Sodium Stearate market situations and prospects in major and top regions and countries
Sodium Stearate Market
Sodium Stearate Industry Chain: Sodium Stearate market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Sodium Stearate Industry News, Policies by regions
Sodium Stearate Industry Porters Five Forces Analysis
Key players in the global Sodium Stearate market are covered in Chapter 2:
LUSH
Faci Asia Pacific
Hallstar
PMC Biogenix
Ravi Kiran Chemicals
Peter Greven
Lumega Industries
Sovereign Chemical
Luchuan Chemical
In Chapter 6 and Chapter 9, on the basis of types, the Sodium Stearate market from 2018 to 2028 is primarily split into:
Industrial Grade
Cosmetic Grade
In Chapter 7 and Chapter 10, on the basis of applications, the Sodium Stearate market from 2018 to 2028 covers:
Soaps & Detergents
Intermediates
Personal Care
Rubber Processing
Textile
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Sodium Stearate market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Sodium Stearate industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Sodium Stearate market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Sodium Stearate industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Sodium Stearate market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Sodium Stearate market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Sodium Stearate market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Sodium stearate is the sodium salt of stearic acid. This white solid is the most common soap. It is found in many types of solid deodorants, rubbers, latex paints, and inks. It is also a component of some food additives and food flavourings.
Unfavorable Conditions Arising Due to the Impact of COVID-19
COVID-19's disease is spreading all over the world. Infected millions of people around the world, major countries in the world have implemented embargoes and shutdown orders. Many downstream industries of sodium stearate have been seriously affected, thus affecting the development of sodium stearate industry.
In the past year, the market witnessed the decline of the company's sales, the temporary business closure and the interruption of supply chain and manufacturing activities. Due to the limitation of raw materials and on-site labor, the manufacturing industry is delayed, and many companies are in trouble.
Increasing Demand from Plastic and Rubber Processing Industries
Plastic and rubber are two of the most widely used materials in daily life. Processing & compounding is one of the essential methods to convert these materials into desirable sizes and shapes. Plastic materials such as Polyvinyl Chloride (PVC), Polyethylene (PE), and Polypropylene (PP) are processed into granules, fluids, sheets, and formed shapes or parts. Plastic and rubber materials contain a variety of additives that alter their properties and have influence on processability. Stearates are considered as one of the key additives required for the processing of plastics and rubber.
Sodium stearate is used as a lubricant in polypropylene, polystyrene, and polycarbonate due to its high softening point and discoloration resistance. It is also utilized as an emulsifier and a vulcanization promoter in latex and rubber applications. They increase the throughput and facilitate the production of smoother and low friction surfaces. And the demand for sodium stearate in plastic and rubber processing industries is increasing, which is helpful to promote the development of sodium stearate market.
International Trade Risk
The export sales of many stearic acid suppliers account for a large proportion of the total sales. Due to the unstable international macroeconomic situation, the exchange rate of US dollar will change to some extent, which may have a certain impact on the export exchange rate of suppliers. Because international trade is affected by political and economic events, tariffs and various trade barriers will affect suppliers' import and export business, which may also restrict the development of some stearic acid industry participants.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia Pacific (36.31% in 2022).
Company Overview:
Peter Greven is one of the major players operating in the Sodium Stearate market, holding a share of 18.31% in 2023.
Peter Greven
Peter Greven is a company manufacturing oleochemical products based on renewable raw materials. Its product portfolio includes metal soaps, alkali soaps, ester lubricants, and dispersions, which are based on natural materials.
Hallstar
The HallStar Company produces chemicals. The Company manufactures organic and inorganic chemicals, including polymers used in adhesives and coatings, and ingredients for sunscreens, lotions, and other personal care items. HallStar serves clients worldwide.
Segmentation Overview:
By type, Industrial Grade segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Soaps & Detergents segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Sodium Stearate industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Sodium Stearate. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Sodium Stearate Market Report Include:
Market Size Estimates: Sodium Stearate market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Sodium Stearate market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Sodium Stearate market
Segment Market Analysis: Sodium Stearate market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Sodium Stearate market situations and prospects in major and top regions and countries
Sodium Stearate Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Sodium Stearate Industry Chain: Sodium Stearate market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Sodium Stearate Industry News, Policies by regions
Sodium Stearate Industry Porters Five Forces Analysis
Key players in the global Sodium Stearate market are covered in Chapter 2:
LUSH
Faci Asia Pacific
Hallstar
PMC Biogenix
Ravi Kiran Chemicals
Peter Greven
Lumega Industries
Sovereign Chemical
Luchuan Chemical
In Chapter 6 and Chapter 9, on the basis of types, the Sodium Stearate market from 2018 to 2028 is primarily split into:
Industrial Grade
Cosmetic Grade
In Chapter 7 and Chapter 10, on the basis of applications, the Sodium Stearate market from 2018 to 2028 covers:
Soaps & Detergents
Intermediates
Personal Care
Rubber Processing
Textile
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Sodium Stearate market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Sodium Stearate industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Sodium Stearate market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Sodium Stearate industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Sodium Stearate market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Sodium Stearate market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Sodium Stearate market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
