Global Magnesium Stearate Market Latest Trends and Business Scenario 2030 | P&S Intelligence
The magnesium stearate market at a CAGR of 5.3% during the forecast period (2020–2030). The market revenue stood at $1,492.3 million in 2019, and it is projected to reach $2,637.6 million by 2030. Drug manufacturing companies operating in Indonesia, China, and India are increasingly using this compound as a release agent, binder, and filler in medicated drugs due to its cost-effectiveness.
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