Magnesium trisilicate is an inorganic compound that is used as Active Pharmaceutical Ingredient (API) in an antacid formulations for the treatment of peptic ulcers. The gelatinous silicon dioxide is formed by the reaction of magnesium trisilicate with gastric contents, which protects ulcerated mucosal surfaces and accelerates healing. It is also used as anti-adherent and lubricant in tablet manufacturing process by avoiding sticking of the tablet content to the tablet punches while compressing. Furthermore, it acts as edible oil purifier, which reduces percentage of fat from oil making it reusable. Pharma grade magnesium trisilicate is widely used by restaurants and food industries as anti-caking agent. Properties such as antioxidant, odor absorbent, and decolorizing makes it as a suitable ingredient for cosmetics.

Pharma Grade Magnesium Trisilicate Market Driver

Safe use of magnesium trisilicate as an antacid medication for pregnant and lactating mothers suffering from acidity is expected to propel growth of pharma grade magnesium trisilicate in global market over the forecast period. For instance, National Health Service in June 2014, stated that magnesium containing antacids are safe to use by pregnant and lactating mothers. Their use for dyspepsia and gastro-esophageal reflux is considered to be compatible with breastfeeding. Also, No adverse effects in breastfeeding infants have been reported.

Pharma grade Magnesium Trisilicate Market Restraint

Prohibitions on import of pharma grade magnesium trisilicate in different countries are expected to restrain growth of the pharma grade magnesium trisilicate market over the forecast period. For instance, in February 2017, Nigeria Customs Service (NCS) prohibited import of medicines included under Headings 3003 and 3004, which consists magnesium trisilicate tablets and suspensions as one of the product.

Pharma grade Magnesium Trisilicate Market – Regional Analysis

On the basis of region, the global pharma grade magnesium trisilicate market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America region is expected to hold dominant position in pharma grade magnesium trisilicate market, owing to rising prevalence of gastric ulcer caused by H. pylori infection. For instance, Centers for Disease Control and Prevention (CDC) of U.S. statistics 2014, stated that about 30 to 40 percent of people in the U.S. suffer from H. pylori infection, which is associated with gastric ulcer. Thus, this statistics suggests rising demand for antacid, in turn fueling growth of pharma grade magnesium trisilicate market.

Asia Pacific region is anticipated to witness significant growth in the global pharma grade magnesium trisilicate market due to rising involvement of key players in organizing business exhibitions. For instance, Tominta Pharmaceutical Co. Ltd., is participating in Convention on Pharmaceutical Ingredients (CPhI) and Pharmaceutical Machinery and Equipment Convention (P-MEC) event in December 2018, in India to help companies for adopting latest trends and innovations in the pharmaceutical market and active pharmaceutical ingredients.

Key players operating in pharma grade magnesium trisilicate market include, Osian Marine Chemicals Pvt.Ltd., Tomita Pharmaceutical Co. Ltd., Vasundhara Rasayan Limited, Meha Chemicals, Par Drugs & Chemicals Pvt. Ltd., Ams Fine Chemicals, and, Elite Chemicals

Pharma Grade Magnesium Trisilicate Market – Taxonomy

By Product Type

  • Heavy
  • Light

By Application

  • Pharmaceuticals
  • Cosmetics
  • Food
  • Industrial

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users