Lead Stearate Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2029

Lead Stearate market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Lead Stearate market.

Lead Stearate Market: Introduction

Lead stearate is a lead based compound widely used as a chemical additive. The chemical formula of Lead stearate is represented as Pb(C17H35COO)2. Some alternative chemical names of lead stearate are ‘lead octadecanoate’, ‘Stearic Acid Lead Salt’, ‘Lead(II) Stearate’ and ‘Octadecanoic acid. Lead stearate can be synthesized through different chemical routes, such as use of the metathesis method. Production of lead stearate commercially requires stearic acid and lead acetate as raw materials. Lead stearate is an excellent drier. Lead stearate is used as a heat stabilizer in different electronic applications, Dibasic lead stearate is used as an efficient high temperature lubricants for PVC processing. Lead stearate is extensively used to obtain long production run at high temperature.

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Lead stearate is preferred by multiple electronic cable manufacturers for its superior properties in combination with other lead stabilizers and lubricants. Lead stearate deliver a number of applications for various end use industry. Lead stearate is expected to be driven by the electronics and the PVC sector where lead stearate is used as a PVC stabilizers for synthesizing PVCs, accelerant for polymer production in the rubber industry among others. Lead stearate partakes as a drier in the Ink, Oil & Paint sector. Lead stearate majorly is available to manufactures in submicron and non-powder form as they are more suitable for in these forms for various procedures and processes.

Lead Stearate Market: Dynamics

Lead Stearate Market: Driver

Lead Stearate is used extensively as a stabilizers for PVC, the PVC industry is one of those which facilitates a chain of downstream industries such as housing, sanitation, infrastructure, and agriculture among various others. Increasing population, urbanization reflects an impact on the growth of industries such as agriculture, infrastructure and housing to name a few, growth in such industries is expected to increase the demand for PVC products which in turn is expected to increase the demand for lead stearate as a stabilizer for PVC production.

Lead stearate is also used in the electronic industry and in the recent years there has been a significant increase in the electronic global industry owing to multiple advancements, product innovations as well as product improvements. Over the years the electronic industry has witnessed steady growth and is anticipated to follow the same rate in the coming years. This factor is expected to propel the demand for lead stearate pertaining to its applications as cable coverings and also as lubricants. Lead compounds are the predominant stabilizer in wire and cable worldwide as a result of its cost-effectiveness and excellent electrical insulation properties.

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Lead Stearate Market: Restraints

Lead compounds in naturally available form are highly toxic. Lead stearate manufacturers have to go through stringent regulations owing to the high toxic nature of lead containing compounds. The end users such as PVC manufacturers, electronics industry also have to abide by the strict protocol for lead stearate or other lead compound proportions, which has led to a decrease in the usage of lead stearate in the production of PVC.

Over the recent years end users and government are pushing towards development of non-lead stabilizer PVC compounds for insulated wires and cables, which is expected to slow down the demand for lead stearate as a stabilizer in the coming years.

Market: Key participants

WSD Chemical, American Elements, Triveni Interchem. AIVIT Group, Pratham Stearchem,  Hebin Chemical, POCL, Beijing Yunbang Biosciences, Shristab, Chongqing Changfeng, and Xiamen Hisunny among others