Global Magnesium Stearate Market, By Type (Pharmaceutical Grade Magnesium Stearate, Food Grade Magne

Published Date: May 2019 | Report Code : CH2032277

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Global Magnesium Stearate Market, By Type (Pharmaceutical Grade Magnesium Stearate, Food Grade Magnesium Stearate, Cosmetics Grade Magnesium Stearate), By Application (Lubricants, Binders & Fillers, Sanitizers, Cosmetics, Paints ), By End-Use Industry (Plastics Industry, Personal Care Industry, Food & Beverage Industry, Pharmaceutical Industry), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & forecasting (2016-2028)

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Domain : Chemicals

Report Code : CH2032277

Status : Published May 2019

The Global Magnesium Stearate Market size is forecasted to reach USD 800.4 million by 2028 at a CAGR of 5.8% during the forecast period. Increasing demand for cosmetic products in the Asia Pacific region along with high demand for magnesium stearate in baby products and pharmaceuticals is expected to drive this demand.

Magnesium Stearate Market

Magnesium stearate is an inorganic chemical compound. Its molecular formula is Mg(C18H35O2)2. Magnesium stearate is formed by the reaction of sodium stearate with magnesium salts or by reacting magnesium oxide with stearic acid. It is a type of soap white in color and insoluble in water, hence it is used in chemical reactions for a number of applications. It is utilized as a release agent as well as a lubricant in the manufacturing of cosmetics & pharmaceuticals. Low toxicity is one of the key factors influencing its high demand in these applications over other stearates.

Magnesium stearate is extensively utilized in the personal care industry as a texturizer, opacifier, non-gelling thickener, film-forming, anti-caking, and lubricating agent. Dwindling usage of magnesium stearate as a constituent in tablets, capsules, and other drugs is likely to stoke the growth of the market. Increasing health consciousness among the population combined with a spike in disposable incomes in countries such as China and India is of the major factors promoting the growth of the market. Conversely, demand for the product has been hindered by increasing prices of raw materials such as stearic acid.

The global framework regarding the manufacturing of magnesium stearate is spearheaded by varying regulatory bodies including the Occupational Safety and Health Administration (OSHA) and Toxic Substance Control Act (TSCA). The framework emphasizes the chemical and physical dangers of raw materials involved in magnesium stearate manufacturing and outlines general requirements for the storage and use of these raw materials. Restrictions on the use of the product have forced manufacturers in the market to cogent. It is also used in numerous personal care products including color cosmetics, creams, lotions, ointments, and cream shampoos. The number of retail & distribution chains and online platforms aids the easy availability of personal care items, thereby fueling the demand for the product.

Asia Pacific is expected to emerge as the most promising market for magnesium stearate over the forecast period. The demand for the product in the region is driven by the pharmaceutical, food & beverage, and cosmetic industries, with major demand coming from countries such as China and India. The booming pharmaceutical industry, due to spiking demand for generic drugs, is bolstering the demand for magnesium stearate market.

Key Factors Impacting Market Growth:

  • Low toxicity in comparison to another stearate
  • High demand for baby care and cosmetic products
  • The growing emphasis on quality of life & personal hygiene
  • Growing urbanization and increased activities of building & construction 

Key Developments: 

  • In 2017, Peter Greven Inc. acquired Norac Additives LLC an additives division of US company Norac Inc. Therefore, the production site in Helena, Arkansas as well as the office and development laboratory in Pomona, California is now a part of Peter Greven Group.
  • In 2016, Valtris Specialty Chemical acquired Akcros Chemicals, a provider of specialty chemicals used as additives in the production and processing of polymers, paint, and coatings with operations in both Europe and North America.

What This Study Provides:

  • Global market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Regional market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • National market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Extensive details and analysis of contracts, projects, and program
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Analysis of game-changing technological trends and how these will shape the industry
  • Explanation or political, regulatory and technical factors to consider
  • Barriers to entry analysis for markets around the world
  • Profiles of leading companies operating within the sector with market share analysis
  • SWOT analysis of the market, together with the opportunities available and the key threats faced
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • Market conclusions & recommendations

Market Segmentation:

By Type:

  • Pharmaceutical Grade Magnesium Stearate
  • Food Grade Magnesium Stearate
  • Cosmetics Grade Magnesium Stearate

By Application:

  • Lubricants
  • Binders & Fillers
  • Sanitizers
  • Cosmetics
  • Paints

By End-Use Industry:

  • Plastics Industry
  • Personal Care Industry
  • Food & Beverages Industry
  • Pharmaceutical Industry

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application
    • By End-Use Industry

Companies Covered: Kirsch Pharma GmbH, PT Halim Sakti Pratama, Parchem Fine & Specialty Chemicals, Nimbasia, Baerlocher GmbH, Valtris Specialty Chemicals, and FACI SPA,Struktol, Peter Greven, Nimbasia, Elite Chemicals, Sinwon Chemical, CHNV New Material, Sifeng Biochem, Dainichi Chemical, Sakai Chemical, Linghu Xinwang Chemical, All-Chemie, Haviland Enterprises, Connect Chemicals, Hydrite Chemical, Mallinckrodt, Pratham Udyog Group, Amishi Drugs & Chemicals...

Years Considered In The Study

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR %(2019-2028)

5.8

 

Key Questions Answered By This Report:

  • How is the magnesium stearate market evolving?
  • What is driving and restraining magnesium stearate dynamics?
  • How will each magnesium stearate submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
  • How will market shares of each magnesium stearate submarket develop from 2019-2028?
  • Which magnesium stearate submarket will be the main driver of the overall market from 2019-2028?
  • How will political and regulatory factors influence regional magnesium stearate markets and submarkets?
  • Will leading national magnesium stearate broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
  • How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
  • Who are the leading players and what are their prospects over the forecast period?

Reasons To Buy This Report:

  • Market size estimation of the global Magnesium Stearate market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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