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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Magnesium Stearate Market: By Type, By Application, By End User and Geography
Magnesium Stearate Market: By Type, By Application, By End User and Geography
Magnesium Stearate Market size was valued at US$ 1,460.2 million in 2022 and is poised to grow at a CAGR of 5.4% from 2023-2029. Increasing use in the production of dietary botanical dietary supplements, growing use of magnesium stearate as fillers & binders and lubricants, augmented investment from key market participants, growing health consciousness among people across the world together with increasing disposable income and high demand for magnesium stearate in baby products and pharmaceuticals are some key factors fueling the market growth. However, factors such as fluctuating raw material prices and varying government regulations in various countries are restricting the market growth. Chemical characteristics of the substance include insolubility, softness, and low toxicity. Multiple end-use sectors' increasing demand for magnesium stearate is spurring market expansion. For example, it is widely utilised in the pharmaceutical sector to create dietary supplements, powders, and capsules. It has uses in a variety of food products, including baked goods and confections, among others.The report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global magnesium stearate market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Study Period
2024-2030Base Year
2023CAGR
5.4%Largest Market
EuropeFastest Growing Market
Asia-Pacific
Magnesium stearate is a fine white power that sticks to skin and is greasy to the touch. Magnesium stearate is commonly added to many baby product and pharmaceuticals. Stearate salts are used mainly in the formulation of makeup products such as eyeliner, eyeshadow, mascara, lipsticks, blushers, face powders and foundations. They are also used in fragrances, deodorants, and hair and skin care products. Magnesium stearate is widely used in the production of dietary supplement and pharmaceutical tablets, capsules and powders. In medications and vitamins, its primary purpose is to act as a lubricant. Magnesium stearate increases the time it takes for tablets and capsules to dissolve due to the film it forms on capsule or tablet ingredients. Magnesium stearate coats a good portion of the molecules in a tablet or capsule, requiring digestive enzymes to break down the magnesium stearate coating before being able to access the nutrients it envelops.
Asia Pacific accounted for larger revenue share in global magnesium stearate market with a CAGR of XX% and is expected to grow over the forecast years. The growth in this region is due to flourishing pharmaceutical industry, demand for generic drugs and growth of medical industry. China is the major contributor for the growth of the market in the region. In addition, Europe held substantial market share during estimated period as the region is experiencing growth in pharmaceutical industry.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1,460.2 million |
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Market CAGR |
5.4% |
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By Type |
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By Application |
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By End User |
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2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Table of Content
8. Global Magnesium Stearates Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn),
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.