Global Magnesium Stearate Market Size & Forecasting (2016-2028)

The magnesium stearate market is projected to reach USD 800.4 million by 2028, at a CAGR of 5.8% between 2018 and 2028. According to Quince Market Insights, the magnesium stearate market is witnessing significant growth, owing to the increasing demand for personal care products, including color cosmetics, creams, lotions, ointments, cream shampoos, baby care, cosmetic products, and personal hygiene. The increasing demand for sanitizers, personal care products, lubricants, plastics, etc., is driving the global magnesium stearate market. The manufacturing of magnesium stearate is spearheaded by varying regulatory bodies, including occupational safety and health administration and toxic substance control act.

Market Overview:

The personal care products industry is witnessing rapid growth. People globally use personal care products. This is one of the reasons for the growth of the magnesium stearate market. Magnesium stearate is used in the personal care industry as a texturizer, opacifier, film-forming, anti-caking, etc. Moreover, it is extensively used in the pharmaceuticals industry. It works as a release agent and lubricant in cosmetics and pharmaceuticals. All these factors are significantly influencing the demand for magnesium stearate.

Request for sample report: https://quincemarketinsights.com/request-sample-32277

The Asia Pacific is emerging as the most promising market for magnesium stearate

The magnesium stearate market is witnessed to have the highest growth in the Asia Pacific region during the forecast period. The demand for the product in the region is driven by the pharmaceutical, food & beverages, and cosmetic industries, with major demand from countries, such as China and India. The rapidly growing pharmaceutical industry, due to the rise in demand for generic drugs, is strengthening the magnesium stearate market.

Request for a detailed table of content: https://quincemarketinsights.com/request-toc-32277

Major companies operating in the global magnesium stearate market are 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, and Amishi Drugs & Chemicals.

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
• Western Europe
• Eastern Europe
• Asia Pacific
• Middle East
• Rest of the World

What Does This Report Provide?

This report provides a detailed understanding of the global magnesium stearate market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market..

For Customize Report: https://quincemarketinsights.com/request-customize-report-32277

Contact:
Quince Market Insights
Pune – 411028
Email: sales@quincemarketinsights.com
Website: https://quincemarketinsights.com/
Phone: + 91-2026992033

About Quince Market Insights:
Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.