Magnesium Sulphate Market to Reach a Valuation of US$ 1,007.3 Million in 2030 – FMI study

Magnesium Sulphate Market

As the global population expands, the scope of the food and pharmaceutical industries have significantly widened. Over the years, magnesium sulphate has been widely used to treat and prevent low blood magnesium and seizures in women with eclampsia. It is also used to manufacture nutraceuticals and fertilizers. The Magnesium Sulphate Market is projected to expand robustly, registering a CAGR of 5.3% in volume terms and 5.8% in value terms respectively. Alternatively known as Epsom Salt, magnesium sulphate has registered widespread applications across the pharmaceutical, agricultural and food processing sectors.

Majority of the market demand is likely to be generated from emerging economies such as India, Brazil and China. This is primarily because of the concentration of the world’s maximum population and the subsequent development of the agricultural and healthcare industries. Therefore, the market will enjoy a positive growth curve.

Magnesium Sulphate Market- Key Takeaways

  • Heptahydrate magnesium sulphate is likely to acquire major traction, attributed to extensive applications across multiple domains
  • Agriculture grade magnesium sulphate to gain 130 BPS due to extensive usage in fertilizer manufacturing
  • Solid magnesium chloride crystals to dominate, capturing over 4/5th of the global market share
  • East & South Asia are likely to emerge as the most lucrative hubs, registering value CAGRs of 7.2% and 6.1% respectively

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Scope of the Report

Attribute Details
Forecast Period 2022-2030
Historical Data Available for 2015-2021
Market Analysis USD Million for Value and Kilo Tons for Volume
Key Regions Covered North America, Latin America, East Asia, Europe,
South Asia & Pacific, Middle East & Africa
Key Countries Covered US, Canada, Germany, Italy, Spain, France, Russia, U.K.,
China, Japan, South Korea, India, Oceania, ASEAN, Brazil,
Mexico, GCC Countries, KSA, Turkey, South Africa
Key Segments Covered Product Type,  Form , Grade, End Use and Region
Key Companies Profiled • K+S Aktiengesellschaft • Giles Chemical• Laizhou City Laiyu Chemical Co. Ltd• Laizhou Guangcheng Chemical Co., Ltd• Mani Agro Chem Pvt. Ltd.• PQ Corporation• ZIBO JINXING CHEMICAL CO.,LTD.• Mag Products India Private Limited• Weifang Huakang Magnesium Sulphate Co., Ltd.• Rech Chemical Co., Ltd.
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence,
DROT Analysis, Market Dynamics and Challenges, and
Strategic Growth Initiatives

COVID-19 Impact Analysis

The current pandemic crisis has ushered in a major era of uncertainty. The alarming rate of expansion in the number of infections renders it extremely unlikely for the industrial and service sectors to resume operations on a full-fledged basis. This is expected to generate major downturns in the magnesium sulphate market.

Several end-use industries such as cement, paper & pulp, construction and food processing have taken a severe hit in terms of production and supply. Industrial output has drastically reduced, diminishing demand for magnesium sulphate for several production applications.

Further shortages have occurred due to cessation of magnesium mining operations. This is particularly true for the American and Chinese markets, the latter being the epicenter of the outbreak. A slow recovery path is projected for the market in the long-term.

Competitive Intelligence

Prominent players in the magnesium sulphate market are emphasizing on establishing regional sales offices across emerging countries. This is in addition to their dependence on distributors, as this assists them in promoting and marketing their products more effectively.

Simultaneously, players such as PQ Corporation and K+S Aktiengesellschaft are concentrating on mature markets such as U.S and Europe in order to expand production capacities and compete with emerging markets such as China.

Investments in expanding productive capacity will prove beneficial for expansion of operations. For instance, K+S commissioned a new facility at Werra amounting to € 34 million to increase its magnesium sulphate production capacity twofold.

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Other prominent players include Giles Chemical, Rech Chemical Co., Mag Products India Private Limited, Mani Agro Chemical Pvt. Ltd., PERSIA PAYA MADAN, ZIBO JINXING CHEMICAL CO LTD., and Laizhou Guangcheng Chemical Co. among others.

Magnesium Sulphate Market by Category

By Product Type:

  • Heptahydrate
  • Monohydrate
  • Anhydrous

By Grade:

  • Industrial Grade
  • Food Grade
  • Agriculture Grade
  • Pharma Grade

By End Use:

  • Chemicals
  • Pharmaceuticals & Personal Care
  • Pulp & Paper
  • Agriculture
  • Food & Feed Additives
  • Others

By Form:

  • Solid
  • Liquid

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Trends & Success Factor

TOC continued…!

Related Links:

https://www.xing.com/discover/detail-activities/6725102008.236167

https://www.homify.co.uk/ideabooks/9260357/3d-printing-materials-market-size-share-demand-trends-by-2033

https://zenwriting.net/8z4tn2j725

https://nitrostrengthbuy.copiny.com/idea/details/id/111311

https://www.pickmemo.com/read-blog/125088

About FMI

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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