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What Are Factors Driving the Sales of Magnesium Stearate?

Global_Magnesium_Stearate_Market_24Feb21

Magnesium stearate is a fine white thick powder with a faint odor of stearic acid and low bulk density, arguably the finest among metallic stearates. It is an unctuous soapy powder adhering to the skin with a rounder particle form, for instance, zinc stearate, and is dermatologically harmless, since it is neither a sensitizer nor the main irritant. Its physical properties have been thoroughly analyzed. Because it is an excellent lubricant, magnesium stearate is the most commonly used component in tablet manufacturing. Moreover, it is also used in capsules, powders, and a variety of culinary items, such as candy, chewing gum, and herbs & spices, as well as in baking ingredients.

Due to the flick, it is used as capsule or tablet components, magnesium stearate reduces the amount of time needed for capsules and tablets to dissolve. Magnesium stearate coats a large number of particles of a tablet or capsule, making it necessary for digestive enzymes to start breaking down the magnesium stearate layer before accessing the nutrients it encases. This drives the requirement for the compound. Thus, as per P&S Intelligence, the magnesium stearate market was valued at $1,492.3 million in 2019, and it is expected to reach $2,637.6 million by 2030, propelling at a CAGR of 5.3% during 2020−2030.

Globally, APAC holds the largest share in the magnesium stearate market, due to the high usage of the compound, primarily in the pharmaceutical, polymers, food & beverages, and personal care sectors. In addition, chemical firms in the region are focusing heavily on facility expansions, in order to fulfill the region’s high-volume demand from end-use sectors. Furthermore, as the frequency of numerous diseases rises, the use of prescription pharmaceutical pills and capsules will increase, which, in turn, will drive the demand for magnesium stearate.

Hence, the rapid increase in the need for pharmaceuticals in APAC boosts the demand for magnesium stearate.

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