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 adhere 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 PS 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.
The powder is the most dominant category, based on form, in the market. As it is used as an appropriate release agent during medication manufacturing, powdered magnesium stearate is in great demand. The use of the substance prevents tablets from adhering to the production equipment, resulting in a more efficient and time-saving production process. Furthermore, because of its potential to act as an anti-caking agent, the usage of the powdered form of the molecule has seen an increase in cosmetic items such as compressed powders, eye shadows, and foundations.
The demand for binders and fillers is expected to witness the highest growth over the projection period, based on application. This can be due to the high-volume need for the compound as a binder in medicated medications (tablets), as it has a capacity to hold components of drugs together. Furthermore, the chemical is gaining popularity as a filler in cleaning goods such as soaps and detergents. Due to these benefits, the demand for this chemical as a binder and filler is expected to rise.
Globally, APAC holds the largest share in the magnesium stearate market, due to the high usage of the compound, preeminent 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.
