Magnesium Stearate Market Size, Share, Growth, Trends, Competitive Analysis Forecast To 2021
Magnesium stearate is a chemical substance that is made up of inorganic elements. Mg(C18H35O2)2 is its molecular formula. Magnesium stearate is made when sodium stearate reacts with magnesium salts or when magnesium oxide reacts with stearic acid. Magnesium stearate is made from sodium stearate, which is produced from vegetable stearic acid. Magnesium stearate is a mixture of soap and magnesium stearate that has two stearate equivalents and one magnesium cat-ion (Mg2+). Magnesium stearate is a powder that is white and insoluble in water. At doses of less than 2500 mg/kg per day, it is deemed safe for human consumption. Magnesium stearate has properties like softness, solvent insolubility, and low toxicity. It's used in the manufacturing of medications and cosmetics as a releasing agent and lubricant. In the production of medicinal tablets, capsules, and powders, magnesium stearate is employed as an anti-adherent. It possesses lubricating characteristics that keep ingredients from clinging to manufacturing machinery as chemical powders are compressed into solid tablets. Additionally, it can cause wettability, decrease tablet fragmentation, and inhibit medication solubility.
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Some of the lesser known causes supporting the global market's growth include the usage of magnesium stearate in baby formula and other nutritional supplements, as well as cosmetic products. However, the compound's contentious status isn't the only stumbling block to the market's expansion. Environmental restrictions governing the use of magnesium stearate vary by area and are tight in numerous nations throughout the world, limiting the worldwide growth of the magnesium stearate market. The high cost of extracting or obtaining magnesium stearate as a raw material is another important stumbling block to the global market's expansion.
In terms of application, the market is fragmented into Powder & tablet lubricant, Food additive, and Binders & Fillers. In terms of end-users, the market is divided into, Food manufacturers, Plastic industry, Paint industry, Pharmaceutical manufacturers, and Personal care industry.
The market is expected to rise due to the increasing use of magnesium stearate as an excipient in tablets, capsules, and other medication formulations. The market is growing due to rising health consciousness among people all over the world, as well as increasing disposable income in nations like China and India. However, rising raw material prices, also including stearic acid, have hampered demand for the product. Increasing raw material prices are putting a damper on the market's growth trajectory, particularly in China and Japan. The personal care sector in China is predicted to increase in response to rising consumer knowledge of natural and organic goods. As a result, demand for magnesium stearate is likely to increase.
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There are some major players working in magnesium stearate market, which include Baerlocher GmbH, FACI SPA, James M. Brown Ltd., Kirsch Pharma GmbH, NB Entrepreneurs, Nimbasia, Norac Additives, Parchem Fine & Specialty Chemicals, PT Halim Sakti Pratama, Valtris Specialty Chemicals
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