Press release
How Does Cosmetic Sector Contribute to Magnesium Stearate Industry Propulsion?
The global magnesium stearate industry is rising due to the expansion of the pharmaceuticals sector in the APAC region as well as increasing compound consumption in the personal care sector. It is one of the major factors behind the proliferation of the magnesium stearate industry.Under the form segment, the powder category captures the substantial share of the industry. The powdered magnesium stearate is projected to experience the massive demand in the pharmaceuticals sector, led by its usage as a release agent in the drug manufacturing.The compound usage prevents the tablets from sticking to the manufacturing equipment, and thus increases the efficiency of production process with reduced time consumption.
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In addition, the consumption of the compound in the powdered form is increased in the cosmetic products, such as foundations, eye shadows, and pressed powders due to its possible usage as anti-caking agent. The propulsion of the end use industries is projected to result in the increased consumption of the compound in the coming years.
The pharmaceuticals sector is predicted to reflect the significant growth in the magnesium stearate industry, due to growing awareness of its usage as suitable release agent, along with the filler, and low-cost binder, in medicated drugs.
Moreover, the rising investments in the pharmaceuticals sector, more specifically in the emerging economies, is projected to result into the massive consumption of the compound in the near future.
APAC holds the significant share of the industry, led by the massive consumption of the compound, more specifically in the food & beverages, pharmaceuticals, personal care and plastics industries.
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The magnesium stearate industry is projected to experience the fastest growth in the coming future, led by the rising product demand in the end use industries such as pharmaceuticals, and personal care.
The pharmaceuticals industry in countries such as India, China, Thailand, and South Korea is rising due to surging research and development investments by major drug manufacturers, to expand the growth potential of the industry.
Moreover, the demand of the compound is rising in the personal care sector, more specifically for cosmetic products application, such as blushes, foundations, lipsticks, and eyeshadows.The rising expansion of these industries in the region is projected to result into the surging consumption of the compound in the near future, which will propel the magnesium stearate industry growth.
In addition, the low-cost labor and land availability in the region lures the manufacturers based in Europe and North America to invest here.
Therefore, the expansion of the pharmaceutical industry and cosmetic industry propels the consumption of the magnesium stearate.
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