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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
Report Format: PDF+Excel | Report ID: SR112024A4072
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Market Overview:
The global magnesium silicate market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.23% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 2.7 Billion |
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Market Forecast in 2032
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US$ 3.9 Billion |
| Market Growth Rate 2024-2032 | 4.23% |
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Magnesium Silicate Market Trends:
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnesium silicate market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, functionality and application.
Breakup by Product Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Natural
- Synthetic
Breakup by Functionality:
- Anti-caking Agent
- Purifying Adsorbent
- Bulking Agent
- Emulsion Stabiliser
- Others
Breakup by Application:
- Cosmetic and Personal Care
- Food and Beverages
- Glass
- Pharmaceuticals
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
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.
Report Coverage:
| 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 |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global magnesium silicate market was valued at US$ 2.7 Billion in 2023.
We expect the global magnesium silicate market to exhibit a CAGR of 4.23% during 2024-2032.
The rising utilization of magnesium silicate as an emulsifier, thickener, binder, abrasive, and surfactant in cosmetics and personal care products is primarily driving the global magnesium silicate market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for magnesium silicate.
Based on the product type, the global magnesium silicate market can be segmented into natural and synthetic. Currently, natural holds the majority of the total market share.
Based on the functionality, the global magnesium silicate market has been divided into anti-caking agent, purifying adsorbent, bulking agent, emulsion stabilizer, and others. Among these, anti-caking agent currently exhibits a clear dominance in the market.
Based on the application, the global magnesium silicate market can be categorized into cosmetic and personal care, food and beverages, glass, pharmaceuticals, and others. Currently, cosmetic and personal care accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global magnesium silicate market include 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.
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