SAN FRANCISCO, November 27, 2018 /PRNewswire/ --
The global magnesium stearate market size is projected to reach USD 652.7 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.4% during the forecast period. Surging demand for the product in the pharmaceutical industry is one of the key growth stimulants for the market during the forecast period.
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Consumption of the product in the pharmaceutical industry is sparked by an increasing demand for inactive ingredients in drug formulations. It finds extensive usage in the pharmaceutical industry as a lubricant and as binders & fillers. Another factor boosting the demand for the product is rapidly increasing application of magnesium stearate in personal care products. In the personal care industry, the product finds application as a texturizer, non-gelling thickener, and lubricant, among others. Increasing number of online platforms along with distribution channels is fueling the demand for personal care products, thereby spurring the demand for magnesium stearate.
The industry has witnessed a rapid increase in the demand from Asia Pacific, primarily in countries such as China, Japan, and India. Abundant source of raw materials coupled with low labor cost is prompting manufacturers of magnesium stearate to focus on establishing their manufacturing plants in these countries. In addition, promising growth in plastics production, especially in the region, is anticipated to drive a sizeable demand for the product over the forecast period.
China has emerged as the global leader in the market in terms of consumption and production of magnesium stearate. The growth of the pharmaceutical industry in the country has offered significant growth prospects to the magnesium stearate industry. The pharmaceutical industry in the country is also supported by government policies, notably under administrative bodies including the China Food and Drug Administration (CFDA).
Browse full research report with TOC on "Magnesium Stearate Market Analysis Report By Application (Pharmaceuticals (Lubricants, Binders), Food & Beverages, Personal Care), By Region, Vendor Landscape, And Segment Forecasts, 2018 - 2025"at: https://www.grandviewresearch.com/industry-analysis/magnesium-stearate-market
Further Key Findings From the Report Suggest:
- In terms of volume, the demand in pharmaceuticals application segment is anticipated to reach 146.93 kilotons by 2025, at a CAGR of 5.6% from 2017 to 2025
- In terms of revenue, the personal care segment is expected to witness the fastest growth over the forecast period, owing to rising need for enhanced flowability of constituents in products.
- Asia Pacific held the largest share of the magnesium stearate market in 2017. It is expected to register substantial growth over the forecast period. Rising disposable income coupled with increasing number of manufacturers in the region is expected to augment the market
- In terms of volume, the China magnesium stearatemarket is anticipated to exceed 69 kilotons by 2025, owing to substantial demand for the product from the pharmaceutical and personal care industries. In addition, favorable FDA policies are encouraging global players to strengthen their presence in the country through significant investments
- The magnesium stearate market is highly competitive with the presence of various well-established players with extensive product portfolios
- Some of the key companies operating in the market are Kirsch Pharma GmbH, PT Halim Sakti Pratama, Parchem Fine & Specialty Chemicals, Nimbasia, Baerlocher GmbH, Valtris Specialty Chemicals, and FACI SPA.
Browse related reports by Grand View Research:
- Laminated Labels Market - The global laminated labels market was valued at USD 75.36 billion in 2015.
- Chelating Agents Market - The Global chelating agents market size was 1,026.0 kilo tons in 2015.
- Temperature Sensitive Coating Market - The global temperature sensitive coating market size was USD 268.0 million in 2015.
- Polyurethane (PU) Microspheres Market - The Global polyurethane (PU) microspheres market was valued at USD 52.8 million in 2015.
Grand View Research has segmented the global magnesium stearate market on the basis of application and region.
- Magnesium Stearate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Pharmaceuticals
- Lubricants
- Binders & fillers
- Personal care
- Food & Beverages
- Others
- Pharmaceuticals
- Magnesium Stearate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- North America
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
SOURCE Grand View Research, Inc.
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