Market Overview:
The global magnesium stearate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for magnesium stearate from various end-use industries, such as food, pharmaceuticals, plastics, and paints. Magnesium stearate is used as an additive in these industries owing to its properties such as lubrication, anti-caking agent, and flow agent. In addition, the growing population and rising income levels are also contributing to the growth of this market. On the basis of type, food grade accounted for a major share of the global magnesium stearate market in 2017. This can be attributed to its increasing use in food applications due to its properties such as emulsification and stabilization.
Product Definition:
Magnesium stearate is a white, odorless powder that is used as an additive in foods and pharmaceuticals. It is a magnesium salt of stearic acid, which is derived from vegetable oils.
-It can be used to help powders flow more easily during manufacturing, which makes them easier to work with and results in a more consistent product.
-It can be used as an anticaking agent, meaning it prevents clumping and sticking together of ingredients.
-It can also act as a lubricant, making the product smoother and easier to swallow.
Food Grade:
Food grade is the product which has passed the United States Pharmacopeia and is used as food additives or processing aids in various industries. It can be further categorized into two types, namely conventional food grade and advanced food grade.
Pharmaceutical Grade:
Pharmaceutical-grade stearic acid is a fatty acid derived from vegetable oils, such as palm kernel oil and coconut oil. It is used in the production of magnesium stearate (MgSt), which has widespread applications in the pharmaceutical industry owing to its fine grinding properties. MgSt is widely utilized as an excipient for tablets and capsules, especially those having high oral dosages.
Application Insights:
The plastic industry accounted for the largest volume share of over 30% in 2017. The product is used as a manufacturing aid to enhance the flowability, lubricity and moldability of plastics. Magnesium stearates are also used in applications such as injection molding, where they are utilized to improve melt flow and reduce shrinkage during cooling after extrusion.
Magnesium stearate is widely utilized in the personal care industry owing to its ability to act as an emulsifier, dispersant, foaming agent and skin-conditioning agent among others. It is added into formulations such as creams & lotions for improving sensory properties along with enhancing stability & durability of final products. Furthermore, it acts as a thickening agent which helps improve viscosity control when adding colorants or fragrance ingredients into cosmetic formulations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of plastic production owing to cheap labor cost, raw material availability, and easy access to energy. China is one of the largest producers as well as consumers of magnesium stearate in this region. Growing demand from end-use industries coupled with expanding manufacturing base will drive growth further.
Europe accounted for a significant share in terms of consumption as well as production due to high magnesium content within European soil which makes it an ideal source for producing food grade Magnesium Stearate (Mg#2SO4). However, stringent regulations regarding quality control are hampering industry growth within Europe thus restraining overall regional market growth from reaching its full potential.
Growth Factors:
- Increasing demand from the pharmaceutical and nutraceutical industries for magnesium stearate as a lubricant and filler.
- Rising demand for magnesium stearate in the cosmetics industry as an emulsifier, thickener, and stabilizer.
- Growing use of magnesium stearate in food products due to its anti-caking properties.
- Increasing research on the health benefits of magnesium stearate which is likely to boost its demand in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Stearate Market Research Report
By Type
Food Grade, Pharmaceutical Grade, Industrial Grade, Others
By Application
Plastic Industry, Personal Care Industry, Food Industry, Paint Industry, Pharmaceutical Industry, Others
By Companies
Struktol, Peter Greven, Nimbasia, Elite Chemicals, Sinwon Chemical, CHNV New Material, Sifeng Biochem, Linghu Xinwang Chemical, All-Chemie, Haviland Enterprises, Struktol, Hydrite Chemical, Mallinckrodt, PRATHAM UDYOG Group, Amishi Drugs & Chemicals Private, Faci Asia Pacific Pte Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Stearate Market Report Segments:
The global Magnesium Stearate market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade, Industrial Grade, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plastic Industry, Personal Care Industry, Food Industry, Paint Industry, Pharmaceutical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Struktol
- Peter Greven
- Nimbasia
- Elite Chemicals
- Sinwon Chemical
- CHNV New Material
- Sifeng Biochem
- Linghu Xinwang Chemical
- All-Chemie
- Haviland Enterprises
- Struktol
- Hydrite Chemical
- Mallinckrodt
- PRATHAM UDYOG Group
- Amishi Drugs & Chemicals Private
- Faci Asia Pacific Pte Ltd
Highlights of The Magnesium Stearate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
- Others
- By Application:
- Plastic Industry
- Personal Care Industry
- Food Industry
- Paint Industry
- Pharmaceutical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnesium Stearate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnesium stearate is a white to off-white powder that is used as a lubricant and emulsifier in food products. It helps to prevent caking and separation, which can occur during the manufacturing process.
Some of the key players operating in the magnesium stearate market are Struktol, Peter Greven, Nimbasia, Elite Chemicals, Sinwon Chemical, CHNV New Material, Sifeng Biochem, Linghu Xinwang Chemical, All-Chemie, Haviland Enterprises, Struktol, Hydrite Chemical, Mallinckrodt, PRATHAM UDYOG Group, Amishi Drugs & Chemicals Private, Faci Asia Pacific Pte Ltd.
The magnesium stearate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnesium Stearate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Magnesium Stearate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnesium Stearate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Magnesium Stearate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Magnesium Stearate Market Size & Forecast, 2020-2028
4.5.1 Magnesium Stearate Market Size and Y-o-Y Growth
4.5.2 Magnesium Stearate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharmaceutical Grade
5.2.3 Industrial Grade
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Plastic Industry
6.2.2 Personal Care Industry
6.2.3 Food Industry
6.2.4 Paint Industry
6.2.5 Pharmaceutical Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnesium Stearate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnesium Stearate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharmaceutical Grade
9.6.3 Industrial Grade
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Plastic Industry
9.10.2 Personal Care Industry
9.10.3 Food Industry
9.10.4 Paint Industry
9.10.5 Pharmaceutical Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharmaceutical Grade
10.6.3 Industrial Grade
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Plastic Industry
10.10.2 Personal Care Industry
10.10.3 Food Industry
10.10.4 Paint Industry
10.10.5 Pharmaceutical Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharmaceutical Grade
11.6.3 Industrial Grade
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Plastic Industry
11.10.2 Personal Care Industry
11.10.3 Food Industry
11.10.4 Paint Industry
11.10.5 Pharmaceutical Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharmaceutical Grade
12.6.3 Industrial Grade
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Plastic Industry
12.10.2 Personal Care Industry
12.10.3 Food Industry
12.10.4 Paint Industry
12.10.5 Pharmaceutical Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharmaceutical Grade
13.6.3 Industrial Grade
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Plastic Industry
13.10.2 Personal Care Industry
13.10.3 Food Industry
13.10.4 Paint Industry
13.10.5 Pharmaceutical Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnesium Stearate Market: Competitive Dashboard
14.2 Global Magnesium Stearate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Struktol
14.3.2 Peter Greven
14.3.3 Nimbasia
14.3.4 Elite Chemicals
14.3.5 Sinwon Chemical
14.3.6 CHNV New Material
14.3.7 Sifeng Biochem
14.3.8 Linghu Xinwang Chemical
14.3.9 All-Chemie
14.3.10 Haviland Enterprises
14.3.11 Struktol
14.3.12 Hydrite Chemical
14.3.13 Mallinckrodt
14.3.14 PRATHAM UDYOG Group
14.3.15 Amishi Drugs & Chemicals Private
14.3.16 Faci Asia Pacific Pte Ltd
