Magnesium Stearate Market Size, Growth Strategies 2022-28

The global magnesium stearate market size is expected to reach USD 2,307.3 million by 2028, at a CAGR of 5.4% during the forecast period 2022-2028. Magnesium stearate is described as a white, water-insoluble powder made of salt having one magnesium cation and two equivalents of stearate. Magnesium stearate has many benefits, including improving the uniformity and quality control of prescription capsules, being used as filler in solid dosage forms, and being utilized as a releasing agent and lubricant in the production of pharmaceuticals. The supply of inactive ingredients in therapeutic drugs as lubricants, binders, and fillers is likely to be a key factor driving the global magnesium stearate market. These factors include an increase in online platforms and distribution channels, increased awareness of the advantages of routine checkups, and rising demand for inactive ingredients.

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The Magnesium Stearate Market Growth Factors:
The personal care goods sector is expanding quickly. Personal care products are used by people throughout. This is one of the factors driving the expansion of the market for magnesium stearate. In the personal care sector, magnesium stearate is used as a texturizer, opacifier, film-forming agent, anti-caking agent, etc. It is also widely employed in the pharmaceutical sector. In cosmetics and pharmaceuticals, it serves as a lubricant and releasing agent. The market for magnesium stearate is greatly impacted by all of these variables. Additionally, the market is projected to expand due to the increasing use of magnesium stearate as an active ingredient in tablets, capsules, and other medicinal formulations. The industry is expanding as a result of increased disposable incomes in nations like China and India and rising health consciousness among individuals throughout the world. Nonetheless, rising costs for raw components like stearic acid have hampered demand for the product.

The Magnesium Stearate Market Segmentation:
The global magnesium stearate market on the basis of Type, the market is categorized into Cosmetics Grade Magnesium Stearate, Food Grade Magnesium Stearate and Pharmaceutical Grade Magnesium Stearate. On the basis of Application, the market is classified into Food additive, Powder & tablet lubricants and Binders & Fillers. On the basis of End User, the market is divided into Plastic industry, Personal care industry, Food manufacturers, Paint industry and pharmaceutical manufacturers.

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The Magnesium Stearate Market Regional Analysis:
In the upcoming years, Europe is also anticipated to see growth in the market. Since the U.K. left the European Union, profitable parallel commerce in the pharmaceutical business has been taking place in Europe. Additionally, Central and Eastern Europe (CEEemerging )'s markets, including those in Bulgaria, Belarus, Republic of Macedonia, Moldova, Greece, Montenegro, and Romania, are anticipated to continue to be lucrative markets for multinational pharmaceutical companies, which is anticipated to increase product demand over the course of the forecast timeframe.

Key players' profiles in the magnesium stearate market report are Baerlocher GmbH, FACI SPA, James M. Brown Ltd., Kirsch Pharma GmbH, NB Entrepreneurs, Nimbasia, Norac Additives, LLC

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