“The Global Magnesium Stearate Market was valued at US$ XX Mn 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to high demand for magnesium stearate in baby products and pharmaceuticals”

 

Precision Business Insights (PBI) in its report titled “Global Magnesium Stearate Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

 

The global magnesium stearate market valued US$ XX Mn 2018 and is poised to grow with a CAGR of XX% over 2019-2025. Increasing use in the production of dietary supplements, growing use of magnesium stearate as fillers & binders and lubricants, augmented investment from key market participants, growing health consciousness among people across the world together with increasing disposable income and high demand for magnesium stearate in baby products and pharmaceuticals are some key factors fueling the market growth. However, factors such as fluctuating raw material prices and varying government regulations in various countries are restricting the market growth.

 

Global magnesium stearate market segmented on the basis of type, application, end user and region.

 

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Cosmetics Grade Magnesium Stearate Segment Accounted for Higher Revenue Share in Magnesium Stearate Market

Based on type, global magnesium stearate market segmented into cosmetics grade magnesium stearate, food grade magnesium stearate and pharmaceutical grade magnesium stearate. Cosmetics Grade Magnesium Stearate segment market accounted US$ XX Mn in 2018 and projected to dominate over the forecast period. Cosmetics Grade Magnesium Stearate is a white powder is used in cosmetics to improve adhesion and slip, and texture. Generally it is used in concentrations of 5% - 10% by weight in a loose powder. Widely used to texturise, mattify, and non-gelling thickener for a variety of personal care and colour cosmetics.  Also, used as film-making, anti-caking and lubricating agent for enhanced slip and silkiness.  It also has mild emulsifying properties.

 

Asia Pacific leads the Global Magnesium Stearate Market

PBI’s global magnesium stearate market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for larger revenue share in global magnesium stearate market with a CAGR of XX% and is expected to grow over the forecast years. The growth in this region is due to flourishing pharmaceutical industry, demand for generic drugs and growth of medical industry. China is the major contributor for the growth of the market in the region. In addition, Europe held substantial market share during estimated period as the region is experiencing growth in pharmaceutical industry. 

 

Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players

Global magnesium stearate market further reveals that the key player’s increasingly adopting strategies such as strategic collaborations and expansion of production facilities to meet the demands of the consumers in the market to enhance market revenue share and gaining significant geographic presence across the region.

 

Some of the Key players in the market include Baerlocher GmbH, FACI SPA, James M. Brown Ltd., Kirsch Pharma GmbH, NB Entrepreneurs, Nimbasia, Norac Additives, LLC, Parchem Fine & Specialty Chemicals, PT Halim Sakti Pratama and Valtris Specialty Chemicals.

 

Detailed Segmentation

 

By Type         

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

 

By Application           

• Food additive
• Powder & tablet lubricant
• Binders & Fillers

 

By End User  

• Plastic industry
• Personal care industry
• Food manufacturers
• Paint industry
• Pharmaceutical manufacturers                      

 

By Geography

• North America

• U.S
• Canada

• Europe

• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

• Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

• Latin America

• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America

• Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

 

For more information: https://www.precisionbusinessinsights.com/market-reports/global-magnesium-stearate-market/

 

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