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Lucrative Business Of Magnesium Stearate | |
| Magnesium stearate is a chemical compound made up of magnesium cation and stearate (an anion of stearic acid). Magnesium stearate is a powder that is white and insoluble in water. One of the primary factors driving the worldwide Magnesium Stearate industry is the rapid growth of the pharmaceuticals sector in Asia-Pacific (APAC), as well as the increasing usage of the compound in the personal care sector. In the chemical industry, magnesium stearate is used. The following are some of the most important industries that use stearate: ? Pharmaceuticals ? Cosmetics Industry ? Paints and Varnishes, ? Cement paints ? Manufacture of compound for PVC Pipes ? Rubber Industry ? Soap Industry. Applications: 1. It is used as a binder in pharmaceuticals to bind pills and smooth them out. 2. It is used as a common ingredient or preservative in a variety of foods because it has no known adverse effects. 3. It works well as an emulsifier in syrups, ketchups, and sauces. 4. It is used in confectioneries to bind candy and other items. The global magnesium stearate market was worth $1,492.3 million in 2019, and it is predicted to grow at a CAGR of 5.3 percent over the next five years (2020–2030). One of the primary reasons driving the global magnesium market is the rapid growth of the pharmaceuticals industry in Asia-Pacific (APAC), as well as rising usage of the compound in the personal care sector. The market is expected to rise due to the increasing use of magnesium stearate as an excipient in tablets, capsules, and other medication formulations. The market is growing due to rising health consciousness among people all over the world, as well as rising disposable incomes in nations like China and India. Few Indian Major Players • Micron Chemicals Ltd. • Ritesh International Ltd. | |
| Plant capacity: Magnesium Stearate 10.0 MT Per Day | Plant & machinery: 301 Lakhs |
| Working capital: - | T.C.I: 515 Lakhs |
| Return: 28.00% | Break even: 44.00% |
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