Magnesium Stearate Market Report 2020-2030
Magnesium Stearate Market Report 2020-2030: A Global Magnesium Stearate Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global magnesium stearate market was valued at $422.0 million in 2018. Magnesium stearate is a salt that is formulated with the help of two nutritional substances such as saturated fat stearic acid and mineral magnesium that is extensively being utilized as a flow agent in various pharmaceuticals and nutritional supplements. Increasing adoption of magnesium stearate in pharmaceutical industry is the key factor driving the growth of global magnesium stearate market.
Magnesium stearate consists of precipitated, fine milled, intangible powder with low bulk density, white light and comprising of faint odor of stearic acid. Furthermore, these stearate forms a film on tablet or capsule ingredients due to which magnesium stearate escalates the time for capsules and tablets to dissolve. Magnesium stearate covers upright portion of molecules in a capsule or tablet enabling breakage of these coatings with the help of digestive enzymes. Moreover, various uses of this stearate in pharmaceutical industry are thus stimulating the demand for global magnesium stearate market at significant rate.
Extensive usage of magnesium stearate in the personal care industry is the key factor driving the growth of global magnesium stearate market due to use of these stearates in creating make up products such as eyeshadow, eyeliner, lipsticks, mascara, foundations, face powders and blushers. They are also excessively being used in deodorants, skin care products, fragrances and hair care products. Magnesium stearate is utilized for their loosening properties that help emulsions in parting liquid and oil components from each other. Stearate is enhancing wideness of oil area of personal care and cosmetic products and provides transparency to the finished products.
However, probable risk associated with magnesium stearate and contamination caused at the time of manufacturing process is the key factor that is anticipated to hamper the growth of global magnesium stearate market.
Magnesium stearate market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the magnesium stearate manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Personal care, pharmaceuticals, food & beverages and others industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
On the basis of application, the global magnesium stearate market is categorised into personal care, pharmaceuticals, food & beverages and others. Among all these segments, use of magnesium stearate in personal care industry is anticipated to generate highest CAGR during the forecast period due to utilization of these components as opacifier, film-forming, texturizer, anti-caking and lubricating agent.
Moreover, magnesium stearate are used in various skin care and cosmetics products that are concentrating upon enhancing their number of online platforms and extending distribution capabilities to avail easy accessibility of personal care products globally and thus enhancing the growth of global magnesium stearate market at considerable rate.
Magnesium stearate market in North America is anticipated to grow at a good rate throughout the anticipated period. The growth of magnesium stearate market in this region is attributed towards increasing popularity of these components in healthcare and pharmaceutical industry. Availability of large number of resources in the region is thus stimulating the manufacturers to produce magnesium stearate at rapid pace and thus propelling the growth of magnesium stearate market in this region.
Magnesium stearate market in Asia-Pacific is anticipated to generate largest revenue and also expected to grow at the fastest rate during the forecast period owing to increasing demand for this substance in food & beverage and personal care products along with increasing consumer awareness pertaining to organic and natural products in this region. Increasing awareness pertaining to health along with rapid increase in disposable income of citizens of countries such as China and India are thus creating ample opportunities for magnesium stearate market to gain significant market growth in this region.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global magnesium stearate market are undertaking considerable investment decisions in order to gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players of magnesium stearate market. Some of the key players in the global magnesium stearate market include Valtris Specialty Chemicals, Sun Ace Kakoh (Pte.) Ltd., Peter Greven GmbH & Co. KG, CHNV New Material, Kirsch Pharma GmbH, Mallinckrodt, Baerlocher GmbH, Struktol, Faci Asia Pacific Pte Ltd., Sinwon Chemical, Parchem Fine & Specialty Chemicals, Connect Chemicals, Elite Chemicals, Haviland Enterprises, Sifeng Biochem, Norac Additives LLC, PRATHAM UDYOG Group, All-Chemie, Amishi Drugs & Chemicals Private, James M. Brown Ltd., Nimbasia, Hydrite Chemical and Linghu Xinwang Chemical.
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CCR Ref number: KD4R6
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