Magnesium Silicate Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: February 21, 2021 |

The global magnesium silicate market size is expected to grow at a significant CAGR of over 5% during the forecast period and anticipated to reach around USD 4 billion by 2027. The rising demand for anti-caking agents and emulsifiers in the food & beverage industry is a primary factor to drive the market growth. The food emulsifier market is expected to reach over USD 1 billion by 2027 in the Asia Pacific due to the increasing consumption of dairy products, which is expected to increase the demand for magnesium silicate over the forecast period.

Furthermore, the increasing demand from the personal care industry and pharmaceuticals sector are some other factors to drive the market growth. In addition, the wide use of magnesium silicate in various end-use industries and increasing research and development activities by various market players is expected to fuel the market growth over the forecast period. However, the harmful effects on the human body such as cyanosis, sneezing, cough, and vomiting is a factor to restrain the market.

Market Segment Insights:

The global magnesium silicate market is bifurcated into type, functionality, application, and geography. On the basis of application, personal care and cosmetics segment is accounted to hold a significant market share. The segment growth is attributed to the rising consumer life standard and increasing disposable income in developing economies. Furthermore, the increasing consumer preference towards packaged food is expected to drive the food & beverage segment of the global market.

Magnesium Silicate Market Size & Share

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The magnesium silicate comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global magnesium silicate market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Magnesium Silicate Market Segmentation:

By Type:

  • Natural
  • Synthetic

By Functionality:

  • Anti-caking Agent
  • Purifying Adsorbent
  • Bulking Agent
  • Emulsion Stabilizer
  • Others

By Application:

  • Personal Care and Cosmetics
  • Food & Beverages
  • Healthcare
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the magnesium silicate market report comprises dedicated sections centering on the regional market revenue and trends. The magnesium silicate market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The magnesium silicate market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Magnesium silicate market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Market Competition Assessment:

Key players operating in the global magnesium silicate market are Spectrum Chemical Manufacturing Corp., Airotech Minerals, Neelkanth Finechem LLP, Famous Minerals & Chemicals Pvt. Ltd., and Vedanta Ceramica. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Spectrum Chemical Manufacturing Corp.
  • Airotech Minerals
  • Neelkanth Finechem LLP
  • Famous Minerals & Chemicals Pvt. Ltd
  • Vedanta Ceramica
  • Innovative Resins Pvt Ltd
  • Simplex Trades & Industries
  • Baroda Minerals Grinding Industries
  • Par Drugs & Chemicals Private Limited
  • Leisha Pharma Solutions Pvt. Ltd.

Key Questions Answered by Magnesium Silicate Market Report:

  • Global magnesium silicate market forecasts from 2021-2027
  • Regional magnesium silicate market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Magnesium silicate submarket forecasts from 2021-2027 covering the market by type, by functionality, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to magnesium silicate market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level magnesium silicate markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the magnesium silicate market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Magnesium Silicate Market Portraiture
2.2. Global Magnesium Silicate Market, by Type, 2020 (USD Mn)
2.3. Global Magnesium Silicate Market, by Functionality, 2020 (USD Mn)
2.4. Global Magnesium Silicate Market, by Application, 2020 (USD Mn)
2.5. Global Magnesium Silicate Market, by Geography, 2020 (USD Mn)

 

3. Global Magnesium Silicate Market Analysis


3.1. Magnesium Silicate Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Magnesium Silicate Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Natural
4.3. Synthetic

 

5. Global Magnesium Silicate Market By Functionality, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Anti-caking Agent
5.3. Purifying Adsorbent
5.4. Bulking Agent
5.5. Emulsion Stabilizer
5.6. Others

 

6. Global Magnesium Silicate Market By Application, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Personal Care and Cosmetics
6.3. Food & Beverages
6.4. Healthcare
6.5. Others

 

7. North America Magnesium Silicate Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Magnesium Silicate Market by Type (2018-2027 USD Mn)
7.1.3. North America Magnesium Silicate Market by Functionality (2018-2027 USD Mn)
7.1.4. North America Magnesium Silicate Market by Application (2018-2027 USD Mn)
7.1.5. North America Magnesium Silicate Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.2. Canada

 

8. Europe Magnesium Silicate Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Magnesium Silicate Market by Type (2018-2027 USD Mn)
8.1.3. Europe Magnesium Silicate Market by Functionality (2018-2027 USD Mn)
8.1.4. Europe Magnesium Silicate Market by Application (2018-2027 USD Mn)
8.1.5. Europe Magnesium Silicate Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.2. U.K.
8.1.5.3. France
8.1.5.4. Italy
8.1.5.5. Rest of Europe

 

9. Asia Pacific Magnesium Silicate Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Magnesium Silicate Market by Type (2018-2027 USD Mn)
9.1.3. Asia Pacific Magnesium Silicate Market by Functionality (2018-2027 USD Mn)
9.1.4. Asia Pacific Magnesium Silicate Market by Application (2018-2027 USD Mn)
9.1.5. Asia Pacific Magnesium Silicate Market by Country (2018-2027 USD Mn)
9.1.5.1. China.
9.1.5.2. Japan
9.1.5.3. Rest of Asia Pacific

 

10. Latin America (LATAM) Magnesium Silicate Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Magnesium Silicate Market by Type (2018-2027 USD Mn)
10.1.3. Latin America Magnesium Silicate Market by Functionality (2018-2027 USD Mn)
10.1.4. Latin America Magnesium Silicate Market by Application (2018-2027 USD Mn)
10.1.5. Latin America Magnesium Silicate Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.2. Mexico
10.1.5.3. Rest of Latin America

 

11. Middle East and Africa Magnesium Silicate Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Magnesium Silicate Market by Type (2018-2027 USD Mn)
11.1.3. MEA Magnesium Silicate Market by Functionality (2018-2027 USD Mn)
11.1.4. MEA Magnesium Silicate Market by Application (2018-2027 USD Mn)
11.1.5. Middle East and Africa Magnesium Silicate Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.2. Rest of MEA

 

12. Company Profiles


12.1. Spectrum Chemical Manufacturing Corp.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Airotech Minerals
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Neelkanth Finechem LLP
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Famous Minerals & Chemicals Pvt. Ltd
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Vedanta Ceramica
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Innovative Resins Pvt Ltd
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Simplex Trades & Industries
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Baroda Minerals Grinding Industries
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Par Drugs & Chemicals Private Limited
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Leisha Pharma Solutions Pvt. Ltd.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis

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List of Tables:

TABLE 1 Market Snapshot: Global Magnesium Silicate Market

TABLE 2 Impact Indicators

TABLE 3 Impact Analysis of Drivers and Challenges

TABLE 4 Global Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 5 Global Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 6 Global Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 7 North America Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 8 North America Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 9 North America Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 10 North America Magnesium Silicate Market Value, By Country, 2018 - 2027 (US$ Mn)

TABLE 11 U.S. Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 12 U.S. Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 13 U.S. Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 14 Canada Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 15 Canada Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 16 Canada Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 17 Europe Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 18 Europe Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 19 Europe Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 20 Europe Magnesium Silicate Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 21 Germany Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 22 Germany Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 23 Germany Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 24 U.K. Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 25 U.K. Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 26 U.K. Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 27 France Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 28 France Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 29 France Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 30 Italy Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 31 Italy Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 32 Italy Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 33 Rest of Europe Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 34 Rest of Europe Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 35 Rest of Europe Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 36 Asia Pacific Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 37 Asia Pacific Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 38 Asia Pacific Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 39 Asia Pacific Magnesium Silicate Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 40 Japan Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 41 Japan Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 42 Japan Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 43 China Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 44 China Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 45 China Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 46 Rest of Asia Pacific Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 47 Rest of Asia Pacific Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 48 Rest of Asia Pacific Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 49 Latin America Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 50 Latin America Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 51 Latin America Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 52 Latin America Magnesium Silicate Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 53 Brazil Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 54 Brazil Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 55 Brazil Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 56 Mexico Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 57 Mexico Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 58 Mexico Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 59 Rest of Latin America Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 60 Rest of Latin America Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 61 Rest of Latin America Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 62 Middle East & Africa Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 63 Middle East & Africa Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 64 Middle East & Africa Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 65 Middle East & Africa Magnesium Silicate Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 66 GCC Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 67 GCC Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 68 GCC Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 69 Rest of MEA Magnesium Silicate Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 70 Rest of MEA Magnesium Silicate Market Value, by Functionality, 2018 - 2027 (US$ Mn)

TABLE 71 Rest of MEA Magnesium Silicate Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 72 Spectrum Chemical Manufacturing Corp.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 73 Airotech Minerals: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 74 Neelkanth Finechem LLP: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 75 Famous Minerals & Chemicals Pvt. Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 76 Vedanta Ceramics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 77 Innovative Resins Pvt Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 78 Simplex Trades & Industries: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 79 Baroda Minerals Grinding Industries: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 80 Par Drugs & Chemicals Private Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 81 Leisha Pharma Solutions Pvt. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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List of Figures:

FIG. 1 Global Magnesium Silicate: Market Segmentation

FIG. 2 Global Magnesium Silicate Market: Research Methodology

FIG. 3 Top-Down and Bottom-up Approach

FIG. 4 Global Magnesium Silicate Market, by Type, 2019 (US$ Mn)

FIG. 5 Global Magnesium Silicate Market, by Functionality, 2019 (US$ Mn)

FIG. 6 Global Magnesium Silicate Market, by Application, 2019 (US$ Mn)

FIG. 7 Global Magnesium Silicate Market, by Geography, 2019 (US$ Mn)

FIG. 8 Global Magnesium Silicate Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

FIG. 9 Attractive Investment Proposition, by Geography, 2017

FIG. 10  Market Positioning of Key Magnesium Silicate Providers, 2019

FIG. 11 Global Magnesium Silicate Market Value Share, by Type, 2018 & 2027 (%)

FIG. 12 Global Magnesium Silicate Market Value for Natural, 2018 - 2027, (US$ Mn)

FIG. 13 Global Magnesium Silicate Market Value for Synthetic, 2018 - 2027, (US$ Mn)

FIG. 14 Global Magnesium Silicate Market Value Share, by Functionality, 2018 & 2027 (Value %)

FIG. 15 Global Magnesium Silicate Market Value for Anti-caking Agent, 2018 - 2027, (US$ Mn)

FIG. 16 Global Magnesium Silicate Market Value for Purifying Adsorbent, 2018 - 2027, (US$ Mn)

FIG. 17 Global Magnesium Silicate Market Value for Bulking Agent, 2018 - 2027, (US$ Mn)

FIG. 18 Global Magnesium Silicate Market Value for Emulsion Stabilizer, 2018 - 2027, (US$ Mn)

FIG. 19 Global Magnesium Silicate Market Value Share, by Application, 2018 & 2027 (Value %)

FIG. 20 Global Magnesium Silicate Market Value for Personal Care and Cosmetics, 2018 - 2027 (US$ Mn)

FIG. 21 Global Magnesium Silicate Market Value for Food & Beverages, 2018 - 2027 (US$ Mn)

FIG. 22 Global Magnesium Silicate Market Value for Healthcare, 2018 - 2027 (US$ Mn)

FIG. 23 Global Magnesium Silicate Market Value for Others, 2018 - 2027 (US$ Mn)

FIG. 24 North America Magnesium Silicate Market Value, 2018 - 2027, (US$ Mn)

FIG. 25 Europe Magnesium Silicate Market Value, 2018 - 2027, (US$ Mn)

FIG. 26 Asia Pacific Magnesium Silicate Market Value, 2018 - 2027, (US$ Mn)

FIG. 27 LATIN America Magnesium Silicate Market Value, 2018 - 2027, (US$ Mn)

FIG. 28 Middle East & Africa Magnesium Silicate Market Value, 2018 - 2027, (US$ Mn)
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