Magnesium Stearate Market Is Likely To Reach $652.7 Million By 2025: Grand View Research, Inc.

Magnesium Stearate Market Is Likely To Reach $652.7 Million By 2025: Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to report published by Grand View Research,Surging demand for the product in the pharmaceutical industry is one of the key growth stimulants for the magnesium stearate market during the forecast period.

According to a report,“Magnesium Stearate Market Analysis Report By Application (Pharmaceuticals (Lubricants, Binders), Food & Beverages, Personal Care), By Region, Vendor Landscape, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc.,The global magnesium stearate market size is projected to reach USD 652.7 million by 2025, 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.

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).

Key Takeaways from the report:

  • 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.

U.S. magnesium stearate market size, by application, 2014-2025 (USD Million)

Browse More Reports in Bulk Chemicals Industry:

  • Maleic Anhydride Market – The global maleic anhydride market size was valued at USD 2.77 billion in 2018 and is projected to expand at a CAGR of 6.7% from 2019 to 2025.
  • Activated Carbon Market – The global activated carbon market size was estimated at USD 4.72 billion in 2018. It is expected to expand at a CAGR of 17.5% during the forecast period. 

Global magnesium stearate market share, by application, 2017 (%)

Regional Insights

Asia Pacific dominated the market in 2017. It is poised to maintain its position in the arena through 2015. Countries such as India and China are at the forefront of the regional market. The region is also estimated to register the highest CAGR during the forecast period.

China is one of the key manufacturers of drugs across the globe. Pharmaceutical production in the country is anticipated to rise at a noteworthy CAGR during the same period, owing to supportive policies implemented by the government. Furthermore, the personal care industry in China is expanding at a fast pace with presence of numerous multinational companies. Cosmeceuticals, which are the products that combine cosmetics and pharmaceutical properties, such as acne treatment or anti-ageing, are also gaining popularity in the country. Growing consumer awareness regarding natural and organic products is expected to stimulate the growth of the personal care industry in China. This, in turn, is expected to stir up the demand for magnesium stearate.

The market is also expected to gain impetus in Europe over the coming years. Europe has been experiencing profitable parallel trade in the pharmaceutical industry following the exit of the U.K. from the European Union. Furthermore, emerging markets in Central and Eastern Europe (CEE) such as Belarus, Bulgaria, Greece, Republic of Macedonia, Moldova, Montenegro, and Romania are expected to remain as a lucrative market for multinational pharmaceutical companies, thereby is projected to boost the product demand over the forecast period.

Magnesium Stearate Market Share Insights

The market is expected to witness a consistent growth over the forecast period backed by high demand from various application industries. Some of the key players 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. The key players have adopted several strategies to gain a competitive edge in the market. Partnerships and acquisitions are one of the notable strategies adopted by major players.

Key players in the market are focusing on manufacturing the product as an excipient and lubricant to aid formulation process of tablets pertaining to dietary supplements. Therefore, the key players in the market are expected to develop enhanced methods related to production of the product.

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/magnesium-stearate-market