Global Magnesium Silicate Market to Grow at 4.23% During 2024-2032, Catalyzed by Escalating Demand from the Food and Beverage Industry

September 15, 2022 | Chemical & Materials

IMARC Group’s latest report, titled “Magnesium Silicate Market Report by Product Type (Natural, Synthetic), Functionality (Anti-Caking Agent, Purifying Adsorbent, Bulking Agent, Emulsion Stabiliser, and Others), Application (Cosmetic and Personal Care, Food and Beverages, Glass, Pharmaceuticals, and Others), and Region 2024-2032,” finds that the global magnesium silicate market is expected to grow at a CAGR of 4.23% during the forecast period (2024-2032). Magnesium silicate (MgO3Si) is a compound of magnesium oxide and silicon that appears as a fine, white, grit-free, and odorless powder. While natural magnesium silicate, such as talc and forsterite olivine, is crystalline in nature, its synthetic form is amorphous and insoluble in water or alcohol. It can be manufactured by the precipitation reaction between sodium silicate and soluble magnesium salt. It is widely used to absorb moisture, prevent caking, and enhance the texture of a product. As a result, magnesium silicate finds extensive applications as a food additive, filter medium, and catalyst carrier across the food processing, medical, cosmetics, and personal care industries.

Global Magnesium Silicate Market Trends:

The escalating demand for magnesium silicate from the food and beverage industry represents the primary factor driving the market growth. This can be attributed to the growing product utilization as an emulsifier and anti-caking agent in various food items. In addition, there has been widespread product adoption as a dietary supplement, part of the formulation ingredients in drug production, and a component of antiepileptic drugs. Along with this, the increasing pharmaceutical applications of magnesium silicate in antacid and antiulcer preparations, topical antifungal agents, acne treatment, and facial moisturizers have augmented the product demand. Besides this, the rising usage of magnesium silicate as an emulsifier, thickener, binder, abrasive, and surfactant in cosmetics and personal care products has accelerated product adoption rates. Furthermore, the surging product employment as a purifying absorbent in resins and vegetable and animal oils and as a filler in the rubber, ceramics, and glass industries is another major growth-inducing factor. Apart from this, the emerging applications of magnesium silicate complexed with arginine as an antiatherosclerotic agent and to promote bone and cartilage formation in mammals have catalyzed market growth. Other factors, including the surging popularity of cosmetics and personal care items, rising consumption of processed foods, favorable government initiatives, ongoing research and development (R&D) activities, and technological advancements, are also providing a positive thrust to the market growth. 

Market Summary:

  • Based on the product type, the market has been bifurcated into natural and synthetic.
  • On the basis of the functionality, the market has been classified into anti-caking agent, purifying adsorbent, bulking agent, emulsion stabilizer, and others. 
  • The market has been divided based on the application into cosmetic and personal care, food and beverages, glass, pharmaceuticals, and others. 
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being ABSCO Limited, American Elements, Atlantic Equipment Engineers, Imerys S.A., Maryland Lava Company, PQ Corporation, Sorbent Technologies Inc., Spectrum Chemical Manufacturing Corp, Surepure Chemetals Inc, The Dallas Group of America, and Triveni Interchem Private Limited.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Functionality, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABSCO Limited, American Elements, Atlantic Equipment Engineers, Imerys S.A., Maryland Lava Company, PQ Corporation, Sorbent Technologies Inc., Spectrum Chemical Manufacturing Corp, Surepure Chemetals Inc, The Dallas Group of America and Triveni Interchem Private Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
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Global Magnesium Silicate Market to Grow at 4.23% During 2024-2032, Catalyzed by Escalating Demand from the Food and Beverage Industry
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