The continuous expansion of the pharmaceutical sector and the elevating demand for food beverage products have resulted in boosting the U.S Magnesium Stearate market.
U.S Magnesium Stearate Market Size – USD 421.2 Million in 2018, Growth - CAGR of 6.1%, Trends – The rising demand for U.S Magnesium Stearate in the personal care industry
The Global U.S Magnesium Stearate market is forecast to reach USD 717.2 Million by 2027, according to a new report by Reports and Data. U.S Magnesium Stearate can be defined as the magnesium salt of stearic acid [fatty acid]. It is extensively used in the food sector for many decades as a binder, emulsifier, thickener, antifoaming, lubricant, and anticaking agent. This chemical compound is available in various confectionary, food supplements, baking ingredients, herbs spices. It is also extensively used as an inactive ingredient in manufacturing capsules, pharmaceutical tablets, and powders. To use it for food applications, it is manufactured in either of the two processes. In the fusion or direct process, there is a direct reaction of fatty acids with magnesium sources like magnesium oxide to form magnesium salts of the fatty acids. In the precipitation or indirect process, a sodium soap is manufactured by reacting fatty acids with sodium hydroxide in water, and the product is precipitated by adding magnesium salts to the soap.
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Top Companies: PT Halim Sakti Pratama, Kirsch Pharma GmbH, Nimbasia Stabilizers, Parchem Fine Specialty Chemicals, Valtris Specialty Chemicals, Baerlocher GmbH, Faci S.p.A., Norac Additives LLC, Sun Ace Kakoh (Pte.) Ltd., James M. Brown Ltd., and Peter Greven GmbH Co. KG.
Further Key Finding from the Report Suggestion:
- The U.S Magnesium Stearate market held a market share of USD 421.2 Million in the year 2018 that is forecasted to grow at a rate of 6.1% during the forecast period.
- In context to Form, the Powder segment is projected to witness the fastest growth rate of 6.6% during the forecast period, which occupied more than 50.0% of the market in 2018. The growth rate witnessed by the Powder segment is attributed to the extensive commercial availability of this chemical compound in this form, its high demand in this form in the pharmaceutical sector, which is contributing to the growth rate witnessed by the Powder segment.
- In context to Grade, the Pharmaceutical Grade segment held the largest market share of more than 40.0% in 2018, with a CAGR of 6.3% during the forecast period. The market share held by the Pharmaceutical Grade segment is attributed to the continuous expansion of the healthcare sector, the associated elevating demand for medications and applicability of the pharmaceutical grade U.S Magnesium Stearate as a lubricant and additive in medication capsules, which contributes to the market share held by this segment. It is used to post-pone the breakdown and absorption of medications that help in its absorption in the correct area of the bowel.
- In regards to End-user, the Food beverage segment is projected to witness the fastest growth rate of 6.9% during the forecast period, which is expected to hold 17.0% of the market by 2027. The growth rate witnessed by the Food beverage segment is attributed the continuous growth of the food beverage industry and the wide arena of applications of the compound in the industry wherein it is used as a binder, emulsifier, thickener, antifoaming, lubricant and anticaking agent, which contributes to the growth rate witnessed by this segment. One of the major use of the chemical compound in this industry is as a food additive.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global U.S Magnesium Stearate market is segmented into:
Form Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Powder
- Flake
- Others
Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Pharmaceutical
- Food beverage
- Personal Care
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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