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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Global Magnesium Silicate Market
The report gives a detailed analysis of the following key players in the global magnesium silicate industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Spectrum Chemical Manufacturing Corp.
- Airotech Minerals
- Neelkanth Finechem LLP
- Famous Minerals & Chemicals Pvt. Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Magnesium Silicate Market Report Snapshots
Magnesium Silicate Market Size
Magnesium Silicate Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 3.24 billion.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 4.90 billion by 2032.
The major drivers of the market include the growing applications of magnesium silicate as a thickening agent and adsorbent, the rising utilisation of magnesium silicate as an anti-caking agent in powdered food products, and rapid urbanisation and industrialisation.
The key market trends guiding the growth of the market include the rising investments in the research and development activities and the growing technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of magnesium silicate in the market are natural and synthetic.
The major functionalities of the product in the market are anti-caking agent, purifying adsorbent, bulking agent, and emulsion stabiliser, among others.
The significant applications of magnesium silicate include cosmetic and personal care, food and beverage, rubber, glass, and pharmaceuticals, among others.
The major players in the market are Spectrum Chemical Manufacturing Corp., Airotech Minerals, Neelkanth Finechem LLP, and Famous Minerals & Chemicals Pvt. Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124