Indonesia Metallic Stearates Market Size & Outlook
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Indonesia metallic stearates market highlights
- The Indonesia metallic stearates market generated a revenue of USD 70.4 million in 2024 and is expected to reach USD 99.0 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 5.8% from 2025 to 2030.
- In terms of segment, zinc stearate was the largest revenue generating product in 2024.
- Magnesium stearate is the most lucrative product segment registering the fastest growth during the forecast period.
Metallic stearates market data book summary
| Market revenue in 2024 | USD 70.4 million |
| Market revenue in 2030 | USD 99.0 million |
| Growth rate | 5.8% (CAGR from 2025 to 2030) |
| Largest segment | Zinc stearate |
| Fastest growing segment | Magnesium stearate |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Zinc stearate, Calcium stearate, Aluminum stearate, Magnesium stearate, Sodium Stearate, Lithium Stearate |
Other key industry trends
- In terms of revenue, Indonesia accounted for 1.5% of the global metallic stearates market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China metallic stearates market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 457.8 million by 2030.
Zinc stearate was the largest segment with a revenue share of 34.8% in 2024. Horizon Databook has segmented the Indonesia metallic stearates market based on zinc stearate, calcium stearate, aluminum stearate, magnesium stearate, sodium stearate, lithium stearate covering the revenue growth of each sub-segment from 2018 to 2030.
Indonesia is a key exporter of stearic acid to its neighboring Singapore, Malaysia and others, stearic acid is a key raw material required for the manufacture of metallic stearate. Metallic stearates find applications in food industry, plastic & rubber and others.
The pharmaceutical sector is one of the largest sector in Asia Pacific. Since 2016, the program named Universal Health Coverage Scheme in Indonesia was the major factor driving the growth of pharmaceutical sector in this country.
As per Ministry of Health of the Republic of Indonesia at present there are more than 210 pharmaceutical drug manufacturers among which 70% are domestic. Expanding pharmaceutical industry since 2016 is the major factor driving the demand for Magnesium stearates in the market.
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Metallic Stearates Market Scope
Metallic Stearates Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Akrochem | View profile | 51-100 | Akron, Ohio, United States, North America | https://www.akrochem.com/ |
| James M. Brown | View profile | 11-50 | Stoke-on-trent, Stoke-on-Trent, United Kingdom, Europe | https://www.jamesmbrown.co.uk |
| PMC Biogenix | View profile | 101-250 | Memphis, Tennessee, United States, North America | https://pmcbiogenix.com/ |
| Norac Additives | View profile | 101-250 | Ambler, Pennsylvania, United States, North America | https://www.noracadditives.com/ |
| Peter Greven GmbH & Co. KG | View profile | 11-50 | Bad Münstereifel, Nordrhein-Westfalen, Germany, Europe | https://www.peter-greven.de |
| Dover Chemical Corp | View profile | 251-500 | Dover, Ohio, United States, North America | http://doverchem.com |
| Valtris Specialty Chemicals | View profile | 501-1000 | Independence, Ohio, United States, North America | http://www.valtris.com/ |
| Baerlocher | View profile | 1001-5000 | Unterschleißheim, Bayern, Germany, Europe | https://www.baerlocher.com |
Indonesia metallic stearates market size, by product, 2018-2030 (US$M)
Indonesia Metallic Stearates Market Outlook Share, 2024 & 2030 (US$M)
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