Acumen Research and Consulting Metallic Stearate Market Size to Exceed US$ 5.21 B | Página 2
predicted period as a result of the large increase in plastics and plastic-based
products production.
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The strong presence in China, Japan and South Korea of automotive
manufactures has increased the requirements for synthetic rubber. The main
synthetic rubber producers seemed to be China and South East Asian countries.
The demand for rubber in tire applications has driven forward future growth in
the car industry. The demand for metal stearates in the coming years is expected
to grow substantially in rubber production.
Progress in technology will probably continue to drive market growth. In the
production of metal stearate different types of techniques are used. Using
Langmuir−Blodgett (LB) techniques, nanofilms of metal Stearates can be
produced. The films are marked by the technology of X-Ray diffraction. The
conduction of films is affected by environmental conditions and can therefore be
used as a humidity sensor.
The factors expected to drive the market are growing health concerns,
demographic and lifestyle change, favorable research studies and innovative
manufacturing techniques. The market participants are projected to provide
substantial opportunities for growth over the next years in order to meet the
increasing demand for product in Asia Pacific and North America.
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market
Plastics emerged as the largest application segment in terms of volume as
well as revenue in 2018.
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