San Francisco, 6 December 2018: The global magnesium stearate market size is projected to reach USD 652.7
million by 2025, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 6.4% during the forecast period. Surging demand for
the product in the pharmaceutical industry is one of the key growth stimulants
for the market during the forecast period.
Consumption of the product in the
pharmaceutical industry is sparked by an increasing demand for inactive
ingredients in drug formulations. It finds extensive usage in the
pharmaceutical industry as a lubricant and as binders & fillers. Another
factor boosting the demand for the product is rapidly increasing application of
magnesium stearate in personal care products. In the personal care industry,
the product finds application as a texturizer, non-gelling thickener, and
lubricant, among others. Increasing number of online platforms along with
distribution channels is fueling the demand for personal care products, thereby
spurring the demand for magnesium stearate.
The industry has witnessed a rapid increase
in the demand from Asia Pacific, primarily in countries such as China, Japan,
and India. Abundant source of raw materials coupled with low labor cost is
prompting manufacturers of magnesium stearate to focus on establishing their
manufacturing plants in these countries. In addition, promising growth in
plastics production, especially in the region, is anticipated to drive a
sizeable demand for the product over the forecast period.
China has emerged as the global leader in
the market in terms of consumption and production of magnesium stearate. The
growth of the pharmaceutical industry in the country has offered significant
growth prospects to the magnesium stearate industry. The pharmaceutical
industry in the country is also supported by government policies, notably under
administrative bodies including the China Food and Drug Administration (CFDA).
Access
Research Report of Magnesium Stearate
Market @ www.grandviewresearch.com/industry-analysis/magnesium-stearate-market
Further key findings from the report suggest:
· In terms of volume, the demand in
pharmaceuticals application segment is anticipated to reach 146.93 kilotons by
2025, at a CAGR of 5.6% from 2017 to 2025
· In terms of revenue, the personal care
segment is expected to witness the fastest growth over the forecast period,
owing to rising need for enhanced flowability of constituents in products.
· Asia Pacific held the largest share of the
magnesium stearate market in 2017. It is expected to register substantial
growth over the forecast period. Rising disposable income coupled with
increasing number of manufacturers in the region is expected to augment the
market
· In terms of volume, the China magnesium
stearatemarket is anticipated to exceed 69 kilotons by 2025, owing to
substantial demand for the product from the pharmaceutical and personal care
industries. In addition, favorable FDA policies are encouraging global players
to strengthen their presence in the country through significant investments
· The magnesium stearate market is highly
competitive with the presence of various well-established players with
extensive product portfolios
· Some of the key companies operating in the
market are Kirsch Pharma GmbH, PT Halim Sakti Pratama, Parchem Fine &
Specialty Chemicals, Nimbasia, Baerlocher GmbH, Valtris Specialty Chemicals,
and FACI SPA.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has segmented the
global magnesium stearate market on the basis of application and region.
Magnesium Stearate Application Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Pharmaceuticals
·
Personal care
·
Food & Beverages
·
Others
Magnesium Stearate Regional Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Magnesium Stearate Market@ www.grandviewresearch.com/press-release/global-magnesium-stearate-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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