What is Magnesium Stearate Market?
Magnesium stearate is defined as the white, water-insoluble powder which consisting of salt containing two equivalents of stearate and one magnesium cation. Numerous advantages of using magnesium stearate such as improve the consistency and quality control of medication capsules, used as a release agent & lubricant in the manufacture of pharmaceuticals, used as a filler in solid dosage forms, among others. An increasing number of online platforms along with distribution channels, rising awareness of the benefits of regular checkups, rise in demand for inactive ingredients in drug formulations as lubricants, binders, and fillers are likely to be a prime driver of the global magnesium stearate market. It is expected to expand at a CAGR of 7.2% from 2018 to 2025
Highlights from Magnesium Stearate Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Kirsch Pharma GmbH (Germany), PT Halim Sakti Pratama (Indonesia), Bronson & Jacobs (Indonesia), Nimbasia (India), Aromantic Ltd. (Scotland), Amik Italia Spa-Chemical Company (Italy), Kirsch Pharma GmbH (Germany), Parchem Fine & Specialty Chemicals (United States), Baerlocher GmbH (United Kingdom) and Valtris Specialty Chemicals (United States) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global magnesium stearate market can witness an upsurge in the forecast period Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Magnesium Stearate market throughout the forecasted period.
Kirsch Pharma GmbH (Germany), PT Halim Sakti Pratama (Indonesia), Bronson & Jacobs (Indonesia), Nimbasia (India), Aromantic Ltd. (Scotland), Amik Italia Spa-Chemical Company (Italy), Kirsch Pharma GmbH (Germany), Parchem Fine & Specialty Chemicals (United States), Baerlocher GmbH (United Kingdom) and Valtris Specialty Chemicals (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are FACI SPA (Italy). Magnesium Stearate Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Food additive, Powder & tablet lubricant and Binders & Fillers |
Type | Pharm Grade Magnesium Stearate, Food Grade Magnesium Stearate and Cosmetics Grade Magnesium Stearate |
End-Users | Plastic Industry,Personal Care Industry,Food Manufacturers,Paint Industry,Pharmaceutical Manufacturers |
On the basis of geography, the market of Magnesium Stearate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Magnesium Stearate Products
Market Growth Drivers:
Rapid Growth of the Pharmaceutical Industry and Rise in Demand for Personal Care Products and Food & Beverage
Challenges:
Issue Related to Competitive Pricing Pressures
Restraints:
Unstructured Market in Case of Bulk Grades
Opportunities:
Growing Demand from Emerging Economics such as India, China, and others and Growth in the Pharmaceuticals & Cosmetics Industry
Key Target Audience
Manufacturers of Magnesium Stearate, Suppliers of Magnesium Stearate, Wholesalers, Distributors, and Retailers of Magnesium Stearate, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
In September 2016, the RIBUS, Inc. (United States) Company has launched Nu-MAG Products, which is a rice-based ingredient and it takes the place of magnesium stearate as well as stearic acid. Hence, it will benefit the increased product portfolio of the company in the future.