Power & Energy Trends

With the expansion of the pharmaceutical sector in the developing countries of Asia-Pacific (APAC) such as India, Indonesia, and China, the demand for magnesium stearate is rising sharply across the world. The compound is extensively used as an inactive ingredient in pharmaceutical drug production for preventing the sticking of the ingredients to the production equipment. It can serve as a low-cost release agent and is, thus, preferred by drug producers across the world. Besides the aforementioned factor, the mushrooming usage of the compound in the personal care industry, in the U.S., France, Germany, South Korea, and India, is also fueling its sales. Magnesium stearate can serve as an excellent lubricant and texturizer in cosmetics. Additionally, the compound is extensively used as a thickening agent in haircare products and creams such as conditioners, hair masks, and shampoos. Thus, the booming sales of these products is fueling the worldwide demand for the compound. This is, in tu...