MARKET INTRODUCTION
Magnesium stearate is a metallic salt composed of saturated fat in the form of stearic acid and magnesium. It exists as a fine white powder at room temperatures. It is approved by the FDA to be used as an inactive ingredient in the pharmaceutical industry as a diluent. It is also commonly used as an excipient to enhance the therapeutic effect of various active ingredients and promote drug absorption and solubility. In the food and beverage industry, magnesium stearate powder is also used as a food additive, emulsifier, thickener, anti-caking agent, binder, and anti-foam agent.
MARKET DYNAMICS
The rising uses of magnesium stearate in the pharmaceutical industry owing to its lubricating properties, which prevent ingredients from adhering to manufacturing equipment during the manufacturing of medicinal tablets, is expected to create high demand for magnesium stearate. The widespread use of magnesium stearate in the cosmetic and personal care industry is also likely to stoke the growth of the magnesium stearate market in the forecast period. It is pervasively used as a lubricating agent, non-gelling thickener, anti-caking agent, texturizer, and opacifier in the cosmetic industry. The crucial role played by magnesium stearate in manufacturing personal care and cosmetic products, including lotions, ointments, shampoos, creams, etc. is anticipated to spur the growth of the magnesium stearate market in the forecast period. The versatile uses of magnesium stearate as a filler, lubricant, flow agent, binder, thickener, etc. are expected to generate a steady demand for magnesium stearate across various end-use industries in the forecast period.
MARKET SCOPE
The "Global Magnesium Stearate Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the magnesium stearate market with detailed market segmentation by form, application, end-use industry, and geography. The global magnesium stearate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnesium stearate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global magnesium stearate market is segmented on the basis of form, application, and end-use industry. On the basis of form, the magnesium stearate market is segmented into, powder and flakes. On the basis of application, the market is bifurcated into, food additive, binders & fillers, texturizers, thickeners, and others. Based on end-use industry, the global magnesium stearate market is segmented into, plastic, paints and coatings, personal care, food and beverages, pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global magnesium stearate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnesium stearate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the magnesium stearate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the magnesium stearate market in these regions.
MARKET PLAYERS
The reports cover key developments in the magnesium stearate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from magnesium stearate market are anticipated to lucrative growth opportunities in the future with the rising demand for magnesium stearate in the global market. Below mentioned is the list of few companies engaged in the magnesium stearate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the magnesium stearate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amik Italia SP A.
- Aromantic Ltd
- Baerlocher GmbH
- Bronson and Jacobs International Co.,LTD.
- FACI SPA
- Kirsch Pharma GmbH
- Nimbasia Stabilizers
- Parchem fine & specialty chemicals
- PT Halim Sakti Pratama
- Valtris Specialty Chemicals Limited
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