Magnesium Stearate Price Trend

Magnesium Stearate Prices June 2023

The price of magnesium stearate in the USA for Q2 2023 reached 970 USD/MT in June. The market situation in the USA is characterized by a resilient economic landscape, marked by favorable business activity, inflation, labor markets, and sentiment. The prices of the product in the United States have been on a downward trend, primarily due to lower prices of its key ingredient, stearic acid. This decline is further fueled by decreased demand from sectors like food and beverages (F&B), as well as other industries, coupled with reduced freight rates.

In the Chinese market, price fluctuations are most pronounced, which played a key role in shaping the pricing dynamics for the market in the country. The price trend for magnesium stearate in China in Q2 2023, reaching 1410 USD/MT. Moreover, the global price of the market has been steadily dropping as demand in the market diminishes. Manufacturing activity, especially in the Chinese market within the APAC region, has seen a decline this month due to rising product inventories.

Magnesium Stearate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Magnesium Stearate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of magnesium stearate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of magnesium stearate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of magnesium stearate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing magnesium stearate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Magnesium Stearate Market Analysis

The global magnesium stearate market size reached US$ 566.1 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 959.1 Million, at a projected CAGR of 6% during 2023-2032.

• The expanding pharmaceutical sector, driven by rising healthcare spending and a growing prevalence of chronic illnesses, is fueling the market demand. These factors are creating a lucrative market for the essential pharmaceutical excipient.
• Moreover, surging health consciousness among consumers have contributed to the rising adoption of dietary supplements and functional foods, which is further significantly boosting the market growth.
• Additionally, the expanding cosmetics and personal care industry due to evolving consumer lifestyles and surging purchasing power have driven the product demand in various cosmetic formulations, such as lotions, creams, and powders, which is providing a considerable thrust to the market growth.
• The burgeoning food and beverage (F&B) sector due to rapid urbanization and changing dietary consumption patterns has created abundant opportunities for the product usage as an anti-caking agent and an emulsifier, which is further fueling the market growth.
• Furthermore, the increasing investment into research and development (R&D) focused on minimizing costs and maximizing product quality is another growth-inducing factor.
• The escalating focus on the quality and safety of excipients for the formulation have compelled the manufacturers to use high-quality ingredients and ensure adherence to the rules and regulations imposed by regulatory bodies.
• The rising product demand not only in the global plastics, rubber, and paint markets but also in the animal feed additives industry, where it enhances digestion to ensure the production of high-quality food.

Magnesium Stearate News

The report covers the latest developments, updates, and trends impacting the global magnesium stearate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in magnesium stearate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the magnesium stearate price trend.

Product Description

Magnesium stearate is a commonly used compound in various industries due to its versatile properties and wide range of applications. Chemically, it is composed of magnesium and stearic acid, a long-chain fatty acid. This compound is typically produced through a reaction between stearic acid and magnesium salts, resulting in a fine white powder with lubricating and anti-adherent properties. It is widely used in the pharmaceutical industry, where it serves as an excipient in the production of tablets and capsules. Its lubricating properties facilitate the efficient processing of pharmaceutical formulations, preventing sticking to manufacturing equipment and ensuring uniform tablet compression. Additionally, the product acts as a flow agent, improving powder flow and aiding in the uniform distribution of active pharmaceutical ingredients within the final dosage form.

Beyond pharmaceuticals, magnesium stearate finds widespread use in the cosmetic and personal care industry. It is commonly employed as an emulsifier and thickening agent in creams, lotions, and powders. Its ability to stabilize emulsions and impart a smooth texture makes it a valuable ingredient in various cosmetic formulations, contributing to product quality and performance. Furthermore, magnesium stearate is utilized in the F&B industry as an anti-caking agent and emulsifier. It helps prevent clumping in powdered products such as spices, powdered drink mixes, and baking mixes, ensuring product consistency and flowability.

Regional Coverage

The report provides a detailed analysis of the magnesium stearate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the magnesium stearate price trend.

Global Magnesium Stearate Price

The report offers a holistic view of the global magnesium stearate pricing trends in the form of magnesium stearate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of magnesium stearate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed magnesium stearate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Magnesium Stearate Price

In Europe, during Q2 2023, magnesium stearate prices were influenced by similar trends observed in the Asia Pacific. Prices remained low as demand from the food, pharmaceutical, and cosmetics sectors continued to decrease. Ocean freight rates between China and Europe returned to pre-pandemic levels, which, along with reduced congestion, supported this pricing trend. Despite some signs of economic cooling, particularly in Germany, the quarter ended with a continuing pessimistic demand outlook.

In Q1 2024, the prices of magnesium stearate remained optimistic throughout the quarter due to sustained regional demand, particularly from the domestic food and pharmaceutical sectors. Furthermore, ongoing disruptions in global supply chains, notably in the Red Sea region, has led to shipment delays and extended lead times, which is further exacerbating shortages and driving prices higher.

This analysis can be extended to include detailed magnesium stearate price information for a comprehensive list of countries.

North America Magnesium Stearate Price

In Q2 2023, magnesium stearate prices in North America, particularly the USA, showed varying trends. Initially, prices declined due to reduced domestic demand and lower prices of upstream stearic acid. However, the trade war between China and the USA influenced the market, as duties imposed led to higher prices towards the end of the quarter. Prices improved in June, driven by increased inquiries from the food, pharmaceutical, and cosmetics industries, along with an available supply of stearic acid at reduced costs.

In Q1 2024, the pricing dynamics of magnesium stearate in the North American region remained on the higher side and were influenced by a variety of factors, such as a resilient economic landscape, marked by favorable business activity, labor markets, and inflation. However, disruptions in transit times and the ongoing trade dispute in the Red Sea had a significant impact on commercial shipping activities, leading to order cancellations, increased shipping costs, and container movement delays, which affected the overall availability of the materials within the market.

Specific magnesium stearate historical data within the United States and Canada can also be provided.

Middle East and Africa Magnesium Stearate Price

The report explores the magnesium stearate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on magnesium stearate prices for countries can also be provided.

Asia Pacific Magnesium Stearate Price

Throughout Q2 2023, magnesium stearate prices in the APAC region, especially in China, were declining. This trend was due to reduced manufacturing activities and slower service sector growth impacting the economic recovery. The price decrease persisted until June, influenced by weak supply and demand dynamics and a cautious outlook on global trade. This resulted in lower demand from overseas markets and contributed to the continuing downward trend in prices.

In Q1 2024, the pricing dynamics of magnesium stearate in the APAC region witnessed fluctuations. The sustained economic growth and increased overseas demand led to a persistent high level of demand for the product, which is further boosting the market growth. Moreover, the limited supply due to supply bottlenecks and disruptions in the flow of raw materials, such as stearic acid, resulted in higher prices, keeping the overall market sentiments tight.

This magnesium stearate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Magnesium Stearate Price

The analysis of magnesium stearate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of magnesium stearate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting magnesium stearate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The magnesium stearate price charts ensure our clients remain at the forefront of the industry.