Magnesium Stearate Market will Massively Expand During the Period of 2016-2028

According to the latest report by Quince Market Insights, 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 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 the 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.

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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 like 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.

The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market along with identifying major segments, and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand of the global magnesium stearate market.

Market Segmentation:
By Type:
o Pharmaceutical Grade Magnesium Stearate
o Food Grade Magnesium Stearate
o Cosmetics Grade Magnesium Stearate
By Application:
o Lubricants
o Binders & Fillers
o Sanitizers
o Cosmetics
o Paints
By End-Use Industry:
o Plastics Industry
o Personal Care Industry
o Food & Beverages Industry
o Pharmaceutical Industry
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Type
o By Application
o By End-Use Industry
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application
o By End-Use Industry
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application
o By End-Use Industry
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application
o By End-Use Industry
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Application
o By Application
o By End-Use Industry
o Rest of the World
o By Region (South America, Africa)
o By Type
o By Application
o By End-Use Industry

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This upcoming study will be published shortly with a focus on the key stakeholders in the market. Regions covered in the study include North America, Asia-Pacific, Western Europe, Eastern Europe, Middle East and Rest of the World.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Kirsch Pharma GmbH
2. PT Halim Sakti Pratama
3. Parchem Fine & Specialty Chemicals
4. Nimbasia
5. Baerlocher GmbH
6. Valtris Specialty Chemicals
7. FACI SPA,Struktol
8. Peter Greven
9. Nimbasia
10. Elite Chemicals
11. Sinwon Chemical
12. CHNV New Material
13. Sifeng Biochem
14. Dainichi Chemical
15. Sakai Chemical
16. Linghu Xinwang Chemical
17. All-Chemie
18. Haviland Enterprises
19. Connect Chemicals
20. Hydrite Chemical
21. Mallinckrodt
22. Pratham Udyog Group
23. Amishi Drugs & Chemicals

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

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

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.