Global Aluminum Stearates Market to Reach $791.4 Million by 2030
The global market for Aluminum Stearates estimated at US$519.6 Million in the year 2023, is expected to reach US$791.4 Million by 2030, growing at a CAGR of 6.2% over the analysis period 2023-2030. Polymer & Rubber End-Use, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$348.9 Million by the end of the analysis period. Growth in the Pharmaceuticals & Cosmetics End-Use segment is estimated at 6.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $136.1 Million, While China is Forecast to Grow at 9.4% CAGR
The Aluminum Stearates market in the U.S. is estimated at US$136.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$183.7 Million by the year 2030 trailing a CAGR of 9.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$112.5 Million by the year 2030.
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