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At a CAGR of 7.6% between 2022 and 2030, the magnesium stearate market is expected to rise from its 2022 value of USD 35.10 million to a peak of USD 57.18 million in 2030.
Saturated fat in the form of stearic acid is combined with magnesium to generate magnesium stearate, a metallic salt. At room temperature, it takes the form of a fine white powder. The Food and Drug Administration has given its blessing for its usage as a diluent in the pharmaceutical business. It's also frequently utilized as an excipient to improve drug absorption and solubility and boost the therapeutic effect of a wide variety of active substances. Food additive, emulsifier, thickening, anti-caking agent, binder, and anti-foam agent are just some of the many other uses for magnesium stearate powder in the food and beverage business.
As a medication excipient- It is vital to note that magnesium stearate is frequently employed in pharmaceuticals because of its anti-adherent characteristics, which allow for the long-term stabilization of any medical material. Since magnesium stearate will likely always be an essential component of most medications and capsules, its demand is expected to grow. Magnesium stearate's production will rise as it is more used as a binding component in paints in response to the global uptick in the construction of both residential and commercial properties. The capacity of the lubricant magnesium stearate to prevent materials from sticking to machines used to create pharmaceutical tablets may increase its popularity.
Among the many factors driving the global market, the use of magnesium stearate in baby formula, other dietary supplements, and cosmetics is a less obvious driver of growth. However, the compound's controversial status isn't the only thing holding the market back. Global demand for magnesium stearate is constrained by stringent international and regional environmental regulations that prohibit its use. Magnesium stearate's high cost as a raw ingredient is a major impediment to the market's growth on a global scale.
Magnesium stearate is projected to see strong demand as it is increasingly used in the pharmaceutical industry due to its lubricating characteristics, which prevent ingredients from adhering to manufacturing equipment during the production of medical tablets. Market expansion for magnesium stearate is anticipated to be fueled in part by the product's widespread application in the personal care and cosmetics sector. As a non-gelling thickening, lubricant, anti-caking agent, texturizer, and opacifier, it sees extensive application in the cosmetics business. Magnesium stearate's importance in the production of personal care and cosmetic items including lotions, ointments, shampoos, creams, etc. is expected to drive the market's expansion over the next few years. Magnesium stearate's wide range of applications as a filler, lubricant, flow agent, binder, thickener, etc., should lead to sustained demand from a wide range of end-use industries over the projection period.
China is a prominent player in the global pharmaceutical industry. The pharmaceutical industry in the country is expected to grow at a significant CAGR during the same time period, thanks to supportive government measures. The fast expansion of China's personal care industry can be attributed in large part to the presence of numerous multinational firms in the country. Cosmeceuticals, a class of products that combine elements of cosmetics and medications, are also gaining popularity in the country. As Chinese consumers become more health-conscious, the natural and organic personal care market is expected to grow. Demand for magnesium stearate is expected to rise as a result.
Report Coverage
Global Magnesium Stearate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Magnesium Stearate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Magnesium Stearate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Magnesium Stearate market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Magnesium Stearate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Magnesium Stearate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sinwon Chemical Co. Ltd., Baerlocher GmbH, James M. Brown Ltd., Merck KGaA, Hefei TNJ Chemical Industry Co. Ltd., Thermo Fisher Scientific Inc., Peter Greven GmbH & Co. KG, Struktol Company of America LLC, Haihang Industry Co. Ltd., Tokyo Chemical Industry Co. Ltd., Others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Magnesium Stearate market based on the below-mentioned segments:
Global Magnesium Stearate Market, By Form
Powder
Flakes
Global Magnesium Stearate market, By Application
Food additive
Binders and Fillers
Texturizers
Thickeners
Others
Global Magnesium Stearate Market, By End User
Plastic
Paints and Coatings
Personal Care
Food and Beverages
Pharmaceuticals
Others
Global Magnesium Stearate market, Regional Analysis
Saturated fat in the form of stearic acid is combined with magnesium to generate magnesium stearate, a metallic salt. At room temperature, it takes the form of a fine white powder. The Food and Drug Administration has given its blessing for its usage as a diluent in the pharmaceutical business. It's also frequently utilized as an excipient to improve drug absorption and solubility and boost the therapeutic effect of a wide variety of active substances. Food additive, emulsifier, thickening, anti-caking agent, binder, and anti-foam agent are just some of the many other uses for magnesium stearate powder in the food and beverage business.
As a medication excipient- It is vital to note that magnesium stearate is frequently employed in pharmaceuticals because of its anti-adherent characteristics, which allow for the long-term stabilization of any medical material. Since magnesium stearate will likely always be an essential component of most medications and capsules, its demand is expected to grow. Magnesium stearate's production will rise as it is more used as a binding component in paints in response to the global uptick in the construction of both residential and commercial properties. The capacity of the lubricant magnesium stearate to prevent materials from sticking to machines used to create pharmaceutical tablets may increase its popularity.
Among the many factors driving the global market, the use of magnesium stearate in baby formula, other dietary supplements, and cosmetics is a less obvious driver of growth. However, the compound's controversial status isn't the only thing holding the market back. Global demand for magnesium stearate is constrained by stringent international and regional environmental regulations that prohibit its use. Magnesium stearate's high cost as a raw ingredient is a major impediment to the market's growth on a global scale.
Magnesium stearate is projected to see strong demand as it is increasingly used in the pharmaceutical industry due to its lubricating characteristics, which prevent ingredients from adhering to manufacturing equipment during the production of medical tablets. Market expansion for magnesium stearate is anticipated to be fueled in part by the product's widespread application in the personal care and cosmetics sector. As a non-gelling thickening, lubricant, anti-caking agent, texturizer, and opacifier, it sees extensive application in the cosmetics business. Magnesium stearate's importance in the production of personal care and cosmetic items including lotions, ointments, shampoos, creams, etc. is expected to drive the market's expansion over the next few years. Magnesium stearate's wide range of applications as a filler, lubricant, flow agent, binder, thickener, etc., should lead to sustained demand from a wide range of end-use industries over the projection period.
China is a prominent player in the global pharmaceutical industry. The pharmaceutical industry in the country is expected to grow at a significant CAGR during the same time period, thanks to supportive government measures. The fast expansion of China's personal care industry can be attributed in large part to the presence of numerous multinational firms in the country. Cosmeceuticals, a class of products that combine elements of cosmetics and medications, are also gaining popularity in the country. As Chinese consumers become more health-conscious, the natural and organic personal care market is expected to grow. Demand for magnesium stearate is expected to rise as a result.
Report Coverage
Global Magnesium Stearate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Magnesium Stearate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Magnesium Stearate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Magnesium Stearate market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sinwon Chemical Co. Ltd., Baerlocher GmbH, James M. Brown Ltd., Merck KGaA, Hefei TNJ Chemical Industry Co. Ltd., Thermo Fisher Scientific Inc., Peter Greven GmbH & Co. KG, Struktol Company of America LLC, Haihang Industry Co. Ltd., Tokyo Chemical Industry Co. Ltd., Others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Magnesium Stearate Market from 2021 to 2030.
- Market Forecast for Magnesium Stearate Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Magnesium Stearate competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Magnesium Stearate
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Magnesium Stearate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Magnesium Stearate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sinwon Chemical Co. Ltd., Baerlocher GmbH, James M. Brown Ltd., Merck KGaA, Hefei TNJ Chemical Industry Co. Ltd., Thermo Fisher Scientific Inc., Peter Greven GmbH & Co. KG, Struktol Company of America LLC, Haihang Industry Co. Ltd., Tokyo Chemical Industry Co. Ltd., Others
Primary Target Market
- Market Players of Magnesium Stearate
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Magnesium Stearate market based on the below-mentioned segments:
Global Magnesium Stearate Market, By Form
Powder
Flakes
Global Magnesium Stearate market, By Application
Food additive
Binders and Fillers
Texturizers
Thickeners
Others
Global Magnesium Stearate Market, By End User
Plastic
Paints and Coatings
Personal Care
Food and Beverages
Pharmaceuticals
Others
Global Magnesium Stearate market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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