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The global magnesium silicate market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Magnesium silicate, with the molecular formula MgO3Si, is a fine, white, grit-free, and odorless chemical compound, which contains magnesium, oxygen, and silicon. It is generally found in both natural and manufactured forms. Natural magnesium silicate, such as talc and forsterite olivine, is crystalline in nature, whereas the synthetic variant is amorphous and insoluble in water or alcohol. It is manufactured by the precipitation reaction between sodium silicate and soluble magnesium salt.
The global magnesium silicate market is primarily driven by its increasing applications in various industries. Magnesium silicate is employed as an emulsifier and anti-caking agent across the food and beverage industry. It is also used as an emulsifier, thickener, binder, abrasive and surfactant in cosmetics and personal care products, which are gaining popularity, especially among the young population. It is used as a dietary supplement, as a component of antiepileptic drugs, in topical antifungal agents, acne treatment and as a facial moisturizer in the pharmaceutical industry. It also finds application as a purifying absorbent, filler, filter medium, and catalyst carrier. Besides this, magnesium silicate is also utilized as a purifying absorbent and filler in the rubber, ceramics, and glass industry. Various government and international regulatory bodies are also implementing several initiatives to allow anti-caking agents, such as magnesium silicate, in powdered food products. Furthermore, research and development (R&D) activities undertaken by manufacturers and rapid technological advancements are positively influencing the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnesium silicate market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, functionality and application.
Breakup by Product Type:
Breakup by Functionality:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles 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.
|Base Year of the Analysis||2020|
|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|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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