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Global Magnesium Silicate Market: By Type: Natural, Synthetic; By Functionality: Anti-Caking Agent, Purifying Adsorbent, Bulking Agent, Emulsion Stabiliser, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
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 2.8 billion in 2020. In the forecast period of 2023-2028, the talc industry is expected to grow at a CAGR of 5% to attain a value of USD 3.7 billion by 2026.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Industry Opportunities and Challenges
8 Global Magnesium Silicate Market Analysis
8.1 Key Industry Highlights
8.2 Global Magnesium Silicate Historical Market (2018-2022)
8.3 Global Magnesium Silicate Market Forecast (2023-2028)
8.4 Global Magnesium Silicate Market by Type
8.4.1 Natural
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Synthetic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Magnesium Silicate Market by Functionality
8.5.1 Anti-Caking Agent
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Purifying Adsorbent
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Bulking Agent
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Emulsion Stabiliser
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Magnesium Silicate Market by Application
8.6.1 Cosmetic and Personal Care
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Food and Beverage
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Rubber
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Glass
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Pharmaceuticals
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Magnesium Silicate Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Spectrum Chemical Manufacturing Corp.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Airotech Minerals
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Neelkanth Finechem LLP
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Famous Minerals & Chemicals Pvt. Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Industry Events and Developments
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 2028
2. Global Magnesium Silicate Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Magnesium Silicate Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Magnesium Silicate Historical Market: Breakup by Functionality (USD Million), 2018-2022
5. Global Magnesium Silicate Market Forecast: Breakup by Functionality (USD Million), 2023-2028
6. Global Magnesium Silicate Historical Market: Breakup by Applications (USD Million), 2018-2022
7. Global Magnesium Silicate Market Forecast: Breakup by Applications (USD Million), 2023-2028
8. Global Magnesium Silicate Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Magnesium Silicate Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Magnesium Silicate Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Magnesium Silicate Market Forecast: Breakup by Country (USD Million), 2023-2028
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
The global magnesium silicate market is being driven by the growth of the talc market, which reached a value of USD 2.8 billion in 2020.
The global talc market is projected to grow at a CAGR of 5% between 2021 and 2026, further supporting the growth of the magnesium silicate industry.
The talc market is estimated to reach about USD 3.7 billion by 2026 and is expected to continue to drive the growth of the magnesium silicate industry.
The major drivers of the industry, such as rising disposable incomes, increasing population, growing personal care and cosmetics industry, rising standards of living, increasing per capita expenditure, changing dietary patterns, and rising demand for packaged food products, are expected to aid the market growth.
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 industry 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 industry are anti-caking agent, purifying adsorbent, bulking agent, and emulsion stabiliser, among others.
The significant application segments in the market are cosmetic and personal care, food and beverage, rubber, glass, and pharmaceuticals, among others.
The major players in the industry 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 2.8 billion in 2020 and is further expected to grow at a CAGR of 5% in the forecast period of 2023-2028 to reach USD 3.7 billion by 2026.
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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