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Global Magnesium Silicate Market Analysis, Growth, Trends: By Type: Natural, Synthetic; By Functionality: Anti-Caking Agent, Purifying Adsorbent, Bulking Agent, Emulsion Stabiliser, Others; By Application: Cosmetic and Personal Care, Food and Beverage, Rubber, Glass, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Magnesium Silicate Market Outlook
The global magnesium silicate market is being driven by the growth of the global talc market. The global talc market attained a value of USD 3.24 billion in 2023. In the forecast period of 2024-2032, the talc industry is expected to grow at a CAGR of 4.7% to attain a value of USD 4.90 billion by 2032.
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Growing Product Utilisation in Various End-Use Industries to Boost the Magnesium Silicate Market Growth
Magnesium silicate is used in a variety of applications owing to its properties and characteristics. The primary application of the product is its use as a thickening agent and adsorbent in the cosmetics and pharmaceuticals sector, respectively. It is also used as a purifying adsorbent, as a filler in rubber, ceramics, and glass industry, and as an anti-caking agent, among others. The national and international regulatory bodies of several nations allow its use as an anti-caking agent in powdered food products. Natural magnesium silicates such as talc and forsterite olivine are crystalline in nature, whereas synthetic magnesium silicates are amorphous and insoluble in water or alcohol.
The Emerging Regions to Provide Significant Growth Opportunities for the Magnesium Silicate Industry Expansion
The emerging regions like the Asia Pacific and Latin America are anticipated to witness a healthy demand for the product over the forecast period. The rapid urbanisation and the growth of the end-use sectors in these regions are aiding the industry growth. Meanwhile, the developed regions like North America and Europe have advanced healthcare facilities in the regions, which will also aid the industry growth.
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Magnesium Silicate: Market Segmentation
Magnesium silicate refers to a compound containing magnesium oxide and silicon. It is a fine, white, odourless powder, free from grittiness. It is simply the magnesium salt of silicic acid having an unspecified amount of water, thus, represented by MgSiO3.xH2O. When hydrated, it is also referred to as talc, and it is widely used in the cosmetics, food, and pharmaceuticals industry
Based on type, the market is divided into:
- Natural
- Synthetic
Based on functionality, the industry can be segmented into:
- Anti-Caking Agent
- Purifying Adsorbent
- Bulking Agent
- Emulsion Stabiliser
- Others
On the basis of application, the industry is categorised into:
- Cosmetic and Personal Care
- Food and Beverage
- Rubber
- Glass
- Pharmaceuticals
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Thriving Cosmetics Sector to Drive the Demand for Magnesium Silicate
The thriving personal care and cosmetics sector is driving the growth of the global market for magnesium silicate. The improving standards of living and growing per capita expenditure on cosmetics are supporting the growth of the industry. The changing dietary patterns and growing demand for packaged food products are driving the demand for emulsifier and anti-caking agents in the food and beverage sector, thus, boosting the sales of magnesium silicate. Moreover, the growing investments in the research and development activities and rapid technological advancements are leading to the innovation of new products, which are expected to aid the market growth in the coming years.
Key Industry Players in the Global Magnesium Silicate Market
The report gives a detailed analysis of the following key players in the global magnesium silicate industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Spectrum Chemical Manufacturing Corp.
- Airotech Minerals
- Neelkanth Finechem LLP
- Famous Minerals & Chemicals Pvt. Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Functionality, Application, Region |
| Breakup by Type | Natural, Synthetic |
| Breakup by Functionality | Anti-Caking Agent, Purifying Adsorbent, Bulking Agent, Emulsion Stabiliser, Others |
| Breakup by Application | Cosmetic and Personal Care, Food and Beverage, Rubber, Glass, Pharmaceuticals, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Spectrum Chemical Manufacturing Corp., Airotech Minerals, Neelkanth Finechem LLP, Famous Minerals & Chemicals Pvt. Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Magnesium Silicate Market Analysis
8.1 Key Industry Highlights
8.2 Global Magnesium Silicate Historical Market (2018-2023)
8.3 Global Magnesium Silicate Market Forecast (2024-2032)
8.4 Global Magnesium Silicate Market by Type
8.4.1 Natural
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Magnesium Silicate Market by Functionality
8.5.1 Anti-Caking Agent
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Purifying Adsorbent
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Bulking Agent
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Emulsion Stabiliser
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Magnesium Silicate Market by Application
8.6.1 Cosmetic and Personal Care
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Food and Beverage
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Rubber
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Glass
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Pharmaceuticals
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Magnesium Silicate Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Magnesium Silicate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Magnesium Silicate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Magnesium Silicate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Magnesium Silicate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Magnesium Silicate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Spectrum Chemical Manufacturing Corp.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Airotech Minerals
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Neelkanth Finechem LLP
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Famous Minerals & Chemicals Pvt. Ltd
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirement and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investmentss
List of Key Figures and Tables
1. Global Magnesium Silicate Market: Key Industry Highlights, 2018 and 2032
2. Global Magnesium Silicate Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Magnesium Silicate Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Magnesium Silicate Historical Market: Breakup by Functionality (USD Million), 2018-2023
5. Global Magnesium Silicate Market Forecast: Breakup by Functionality (USD Million), 2024-2032
6. Global Magnesium Silicate Historical Market: Breakup by Applications (USD Million), 2018-2023
7. Global Magnesium Silicate Market Forecast: Breakup by Applications (USD Million), 2024-2032
8. Global Magnesium Silicate Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Magnesium Silicate Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Magnesium Silicate Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 3.24 billion.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 4.90 billion by 2032.
The major drivers of the market include the growing applications of magnesium silicate as a thickening agent and adsorbent, the rising utilisation of magnesium silicate as an anti-caking agent in powdered food products, and rapid urbanisation and industrialisation.
The key market trends guiding the growth of the market include the rising investments in the research and development activities and the growing technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of magnesium silicate in the market are natural and synthetic.
The major functionalities of the product in the market are anti-caking agent, purifying adsorbent, bulking agent, and emulsion stabiliser, among others.
The significant applications of magnesium silicate include cosmetic and personal care, food and beverage, rubber, glass, and pharmaceuticals, among others.
The major players in the market are Spectrum Chemical Manufacturing Corp., Airotech Minerals, Neelkanth Finechem LLP, and Famous Minerals & Chemicals Pvt. Ltd, among others.
Analyst Review
The global magnesium silicate market is being driven by the rising demand from the application segments and growing R&D activities. The market is being aided by the growth of the talc industry, which reach a value of USD 3.24 billion in 2023 and is further expected to grow at a CAGR of 4.7% in the forecast period of 2024-2032 to reach USD 4.90 billion by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into natural and synthetic. On the basis of functionality, the industry is divided into anti-caking agent, purifying adsorbent, bulking agent, and emulsion stabiliser, among others. Based on application, the industry is segmented into cosmetic and personal care, food and beverage, rubber, glass, and pharmaceuticals, among others. The major regional markets for magnesium silicate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Spectrum Chemical Manufacturing Corp., Airotech Minerals, Neelkanth Finechem LLP, and Famous Minerals & Chemicals Pvt. Ltd, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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