Market Overview:
The global magnesium silicate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for personal care and food & beverage products. Additionally, the growing health care sector is also contributing to the growth of this market. Magnesium silicate is used as an ingredient in various personal care and food & beverage products owing to its properties such as anti-caking, bulking, binding, and thickening agent. It is also used in health supplements and pharmaceuticals due to its therapeutic properties such as anti-inflammatory, antioxidant, anticancerous, etc.
Product Definition:
A magnesium silicate is a white, odorless, tasteless powder that is used as an absorbent and to thicken liquids. It has a high water absorption capacity and can be used to control moisture in many products. Magnesium silicate is also used as an anticaking agent in food products and as a filler in pharmaceuticals.
Natural Magnesium Silicate:
Magnesium silicate is a naturally occurring mineral that has been used as an additive in the manufacturing of concrete and ceramics. It helps in increasing the strength of materials by binding with water, thus making it less likely to react with other substances. Magnesium silicate is also used as an additive for road construction materials to improve durability and reduce cracking due to freeze/thaw cycles.
Synthetic Magnesium Silicate:
Synthetic magnesium silicate is a type of mineral that has the chemical formula of (MgSiO)2. It occurs in nature as certain species of obsidian. Synthetic magnesium silicate is also known as micro-silica or colloidal magnesium silicon oxide and it's commercially available in white powder form.
Application Insights:
The other application segment includes construction, automotive, and packaging. The demand for magnesium silicate in the construction industry is projected to witness significant growth over the forecast period owing to its properties including lightweight, high strength and excellent thermal insulation. In addition, it is used as a filler material in concrete solutions for buildings which are expected to drive market growth over the coming years.
Magnesium silicate is used as an additive in personal care products such as moisturizers & anti-aging creams due to its antioxidant properties that help prevent skin damage caused by free radicals present during normal metabolism of human skin cells. It also helps reduce wrinkles caused due to loss of elastin fibers from dermal layers through stimulation of collagen production within epidermis which helps improve skin elasticity and tone when applied topically.
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 global consumption owing to high product demand from various end-use industries, such as construction, automotive, packaging, and consumer products. China is one of the largest producers and consumers of magnesium silicate globally. It accounted for approximately 60% production share in 2017 on account of easy availability of raw materials coupled with high demand from other Asian countries including India and Japan.
The personal care industry has witnessed significant growth due to increasing awareness regarding beauty products among millennials in Asia Pacific region. Rising disposable income coupled with growing population has resulted in increased spending on household goods such as furniture or kitchenware which will drive product demand further over the next eight years. In addition Magnesium silicate based beauty products are gaining popularity among women due to their ability to reduce cellulite caused by fat storage resulting into a slimmer figure appearance.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and others
- Growing awareness about the benefits of magnesium silicate among consumers
- Rising investments by key players in research and development to develop new applications for magnesium silicate
- Expansion of distribution channels by manufacturers to reach a wider customer base
- Growing demand for lightweight materials in automotive and construction industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Silicate Market Research Report
By Type
Natural Magnesium Silicate, Synthetic Magnesium Silicate
By Application
Personal Care, Food and Beverages, Health Care, Other
By Companies
Vedanta Ceramica, Innovative Resins, Simplex, Baroda Minerals Grinding Industries, Par Drugs & Chemicals, Leisha Pharma Solutions, Triveni Interchem, Peekay Minerals & Allied Products
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Silicate Market Report Segments:
The global Magnesium Silicate market is segmented on the basis of:
Types
Natural Magnesium Silicate, Synthetic Magnesium Silicate
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
Personal Care, Food and Beverages, Health Care, Other
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:
- Vedanta Ceramica
- Innovative Resins
- Simplex
- Baroda Minerals Grinding Industries
- Par Drugs & Chemicals
- Leisha Pharma Solutions
- Triveni Interchem
- Peekay Minerals & Allied Products
Highlights of The Magnesium Silicate 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:
- Natural Magnesium Silicate
- Synthetic Magnesium Silicate
- By Application:
- Personal Care
- Food and Beverages
- Health Care
- Other
- 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 Silicate 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 silicate is a mineral that is composed of magnesium and silicon. It is a white, crystalline substance that can be found in various locations around the world. Magnesium silicate can be used in various industries, including construction, manufacturing, and agriculture.
Some of the key players operating in the magnesium silicate market are Vedanta Ceramica, Innovative Resins, Simplex, Baroda Minerals Grinding Industries, Par Drugs & Chemicals, Leisha Pharma Solutions, Triveni Interchem, Peekay Minerals & Allied Products.
The magnesium silicate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnesium Silicate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnesium Silicate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnesium Silicate Market - Supply Chain
4.5. Global Magnesium Silicate Market Forecast
4.5.1. Magnesium Silicate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnesium Silicate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnesium Silicate Market Absolute $ Opportunity
5. Global Magnesium Silicate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnesium Silicate Market Size and Volume Forecast by Type
5.3.1. Natural Magnesium Silicate
5.3.2. Synthetic Magnesium Silicate
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnesium Silicate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnesium Silicate Market Size and Volume Forecast by Application
6.3.1. Personal Care
6.3.2. Food and Beverages
6.3.3. Health Care
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnesium Silicate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnesium Silicate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnesium Silicate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnesium Silicate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnesium Silicate Demand Share Forecast, 2019-2026
9. North America Magnesium Silicate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnesium Silicate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnesium Silicate Market Size and Volume Forecast by Application
9.4.1. Personal Care
9.4.2. Food and Beverages
9.4.3. Health Care
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnesium Silicate Market Size and Volume Forecast by Type
9.7.1. Natural Magnesium Silicate
9.7.2. Synthetic Magnesium Silicate
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnesium Silicate Demand Share Forecast, 2019-2026
10. Latin America Magnesium Silicate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnesium Silicate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnesium Silicate Market Size and Volume Forecast by Application
10.4.1. Personal Care
10.4.2. Food and Beverages
10.4.3. Health Care
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnesium Silicate Market Size and Volume Forecast by Type
10.7.1. Natural Magnesium Silicate
10.7.2. Synthetic Magnesium Silicate
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnesium Silicate Demand Share Forecast, 2019-2026
11. Europe Magnesium Silicate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnesium Silicate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnesium Silicate Market Size and Volume Forecast by Application
11.4.1. Personal Care
11.4.2. Food and Beverages
11.4.3. Health Care
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnesium Silicate Market Size and Volume Forecast by Type
11.7.1. Natural Magnesium Silicate
11.7.2. Synthetic Magnesium Silicate
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10 Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnesium Silicate Demand Share, 2019-2026
12. Asia Pacific Magnesium Silicate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnesium Silicate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnesium Silicate Market Size and Volume Forecast by Application
12.4.1. Personal Care
12.4.2. Food and Beverages
12.4.3. Health Care
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnesium Silicate Market Size and Volume Forecast by Type
12.7.1. Natural Magnesium Silicate
12.7.2. Synthetic Magnesium Silicate
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnesium Silicate Demand Share, 2019-2026
13. Middle East & Africa Magnesium Silicate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnesium Silicate Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnesium Silicate Market Size and Volume Forecast by Application
13.4.1. Personal Care
13.4.2. Food and Beverages
13.4.3. Health Care
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnesium Silicate Market Size and Volume Forecast by Type
13.7.1. Natural Magnesium Silicate
13.7.2. Synthetic Magnesium Silicate
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnesium Silicate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnesium Silicate Market: Market Share Analysis
14.2. Magnesium Silicate Distributors and Customers
14.3. Magnesium Silicate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vedanta Ceramica
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Innovative Resins
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Simplex
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Baroda Minerals Grinding Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Par Drugs & Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Leisha Pharma Solutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Triveni Interchem
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Peekay Minerals & Allied Products
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
