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In 2022, the global market for magnesium sulfate was worth $1.18 billion. Between 2023 and 2030, that number is expected to rise to $1.88 billion, for a compound annual growth rate (CAGR) of 6.4%.
As a result of a number of factors, the worldwide market for magnesium sulphate is expanding rapidly. Magnesium sulfate, more often known as Epsom salt, is a popular fertilizer that has several applications in the agricultural industry. The pharmaceutical and medical industries also make use of it for its therapeutic capabilities, which include, among other things, the alleviation of muscle discomfort, the reduction of inflammation, and the treatment of magnesium shortage. Magnesium Sulphate is also used in the synthesis of magnesium hydroxide, magnesium carbonate, and magnesium oxide in the chemical industry. Due to its widespread application in bath salts, skin care products, and hair care formulas, magnesium sulfate is experiencing a surge in demand from the cosmetics and personal care sector. The agricultural sector, population, and rising knowledge of the benefits of magnesium Sulphate in diverse applications in Asia Pacific have led to the region's emergence as a leading user and producer of magnesium Sulphate. Magnesium sulfate's increasing use in the pharmaceutical and personal care industries, as well as the rising demand for organic and sustainable agriculture techniques, are also major contributors to the market's expansion in other areas like North America. However, there are obstacles in the market. Some issues that may restrict market growth include the availability of alternatives, the volatility of raw material prices, and the strictness of environmental rules. The global market is likely to be driven in the coming years by technological advances, research and development initiatives, and strategic alliances among key players.
Categorization by Form
The heptahydrate form of magnesium sulfate was the most popular. Epsom salt, or magnesium sulfate heptahydrate, has several applications due to its flexibility and solubility. It is widely used as a fertilizer to boost crop yields and enrich the soil. Magnesium heptahydrate is used to treat magnesium insufficiency and as a laxative because of its therapeutic characteristics in the pharmaceutical sector. Its pervasive availability, low cost, and numerous practical uses contribute to its market domination.
However, the anhydrous variety of magnesium sulfate is the most rapidly expanding portion of the worldwide magnesium sulfate market. Magnesium sulfate, when devoid of water molecules, is called anhydrous magnesium sulfate, and it has benefits including increased concentration and decreased transportation costs. Rapid expansion of the market for magnesium sulfate is being spurred by rising demand in a variety of industrial settings, including the chemical and building materials industries. Dye, pigment, paper, ceramic, and cement manufacturers all use anhydrous magnesium sulphate in their processes. Anhydrous magnesium sulphate is the fastest growing category of the market due to rising demand from the industrialization, infrastructure development, and chemical industries.
Evaluation Through Use
The magnesium sulfate market was primarily driven by the fertilizer sector. Magnesium sulfate is widely used as a fertilizer because it increases crop yields by giving plants the nutrients they need to grow. Magnesium, an essential component of chlorophyll and photosynthesis, is the main reason for its high value. The expanding desire for environmentally friendly farming methods, the pressing need to boost soil fertility, and the widespread acceptance of magnesium sulfate as an efficient fertilizer have all contributed to the fertilizer sector's commanding global market share.
The medical application is the fastest growing segment of the global magnesium sulphate market. Magnesium sulfate is widely employed in the medical field due to its strong medicinal capabilities. Eclampsia, preeclampsia, and seizures are only few of the disorders for which it is used as a therapy. Magnesium sulfate is used for magnesium supplementation in cases of magnesium insufficiency, as a muscle relaxant, and as an anti-inflammatory drug. As these diseases become more common, as more people learn about magnesium sulfate's health benefits, and as its range of medicinal applications grows, the market for its use in medicine is expanding rapidly.
Drivers
Demand for organic and environmentally friendly farming methods continues to rise.
The increased interest in organic and environmentally friendly farming methods is one factor fueling the global magnesium sulphate market. With the world's population rising, sustainable agriculture practices are becoming more crucial than ever. Soil fertility is increased, crop development is boosted, and the negative effects of conventional farming on the environment are lessened when magnesium sulfate is used as a fertilizer. Demand for magnesium sulfate in agriculture is rising as more people get interested in and start using organic farming methods.
Restraints
Raw material price swings
Raw material price volatility is a major factor limiting the worldwide magnesium sulphate industry. Raw ingredients like magnesium ores and sulfuric acid are mined and refined into magnesium sulfate. The availability and demand for these basic resources, as well as geopolitical conflicts and economic conditions, can all contribute to price fluctuations. The entire cost of production, and hence the pricing and profitability of magnesium Sulphate products, can be affected by fluctuations in the cost of raw materials. This can make it difficult for market participants to keep their profit margins consistent and keep their prices low enough to attract customers.
Report Coverage
Global Magnesium Sulphate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Magnesium Sulphate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Magnesium Sulphate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Magnesium Sulphate market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Magnesium Sulphate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Magnesium Sulphate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
K+S Group (Germany), PQ Corporation (US), China Nafine Group International Co., Ltd (China), UMAI CHEMICAL CO., LTD (Japan), Giles Chemical (US), Mani Agro Chem Private Limited (India), Acuro Organics Limited (India), Laizhou Guangcheng Chemical Co., Ltd (China), Global Calcium (India), Laizhou City Laiyu Chemical CO., Ltd (China), Yara International ASA (Norway), Tessenderlo Group (Belgium), Compass Minerals (US), Israel Chemicals Ltd. (Israel), Nippon Chemical Industrial Co., Ltd. (Japan), Shanxi Jiaocheng Hongxing Chemical Co., Ltd. (China), Changzhou New Star Chemical Co., Ltd. (China), Hebei Meishen Technology Co., Ltd. (China), Tangshan Weihao Magnesium Powder Co., Ltd. (China), Maruti Chemicals Company (India)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Magnesium Sulphate market based on the below-mentioned segments:
Global Magnesium Sulphate Market, By Type
Heptahydrate
anhydrous
monohydrate
others
Global Magnesium Sulphate market, By Application
Fertilizer
medical
food additive
industrial
chemical and others
Global Magnesium Sulphate market, Regional Analysis
As a result of a number of factors, the worldwide market for magnesium sulphate is expanding rapidly. Magnesium sulfate, more often known as Epsom salt, is a popular fertilizer that has several applications in the agricultural industry. The pharmaceutical and medical industries also make use of it for its therapeutic capabilities, which include, among other things, the alleviation of muscle discomfort, the reduction of inflammation, and the treatment of magnesium shortage. Magnesium Sulphate is also used in the synthesis of magnesium hydroxide, magnesium carbonate, and magnesium oxide in the chemical industry. Due to its widespread application in bath salts, skin care products, and hair care formulas, magnesium sulfate is experiencing a surge in demand from the cosmetics and personal care sector. The agricultural sector, population, and rising knowledge of the benefits of magnesium Sulphate in diverse applications in Asia Pacific have led to the region's emergence as a leading user and producer of magnesium Sulphate. Magnesium sulfate's increasing use in the pharmaceutical and personal care industries, as well as the rising demand for organic and sustainable agriculture techniques, are also major contributors to the market's expansion in other areas like North America. However, there are obstacles in the market. Some issues that may restrict market growth include the availability of alternatives, the volatility of raw material prices, and the strictness of environmental rules. The global market is likely to be driven in the coming years by technological advances, research and development initiatives, and strategic alliances among key players.
Categorization by Form
The heptahydrate form of magnesium sulfate was the most popular. Epsom salt, or magnesium sulfate heptahydrate, has several applications due to its flexibility and solubility. It is widely used as a fertilizer to boost crop yields and enrich the soil. Magnesium heptahydrate is used to treat magnesium insufficiency and as a laxative because of its therapeutic characteristics in the pharmaceutical sector. Its pervasive availability, low cost, and numerous practical uses contribute to its market domination.
However, the anhydrous variety of magnesium sulfate is the most rapidly expanding portion of the worldwide magnesium sulfate market. Magnesium sulfate, when devoid of water molecules, is called anhydrous magnesium sulfate, and it has benefits including increased concentration and decreased transportation costs. Rapid expansion of the market for magnesium sulfate is being spurred by rising demand in a variety of industrial settings, including the chemical and building materials industries. Dye, pigment, paper, ceramic, and cement manufacturers all use anhydrous magnesium sulphate in their processes. Anhydrous magnesium sulphate is the fastest growing category of the market due to rising demand from the industrialization, infrastructure development, and chemical industries.
Evaluation Through Use
The magnesium sulfate market was primarily driven by the fertilizer sector. Magnesium sulfate is widely used as a fertilizer because it increases crop yields by giving plants the nutrients they need to grow. Magnesium, an essential component of chlorophyll and photosynthesis, is the main reason for its high value. The expanding desire for environmentally friendly farming methods, the pressing need to boost soil fertility, and the widespread acceptance of magnesium sulfate as an efficient fertilizer have all contributed to the fertilizer sector's commanding global market share.
The medical application is the fastest growing segment of the global magnesium sulphate market. Magnesium sulfate is widely employed in the medical field due to its strong medicinal capabilities. Eclampsia, preeclampsia, and seizures are only few of the disorders for which it is used as a therapy. Magnesium sulfate is used for magnesium supplementation in cases of magnesium insufficiency, as a muscle relaxant, and as an anti-inflammatory drug. As these diseases become more common, as more people learn about magnesium sulfate's health benefits, and as its range of medicinal applications grows, the market for its use in medicine is expanding rapidly.
Drivers
Demand for organic and environmentally friendly farming methods continues to rise.
The increased interest in organic and environmentally friendly farming methods is one factor fueling the global magnesium sulphate market. With the world's population rising, sustainable agriculture practices are becoming more crucial than ever. Soil fertility is increased, crop development is boosted, and the negative effects of conventional farming on the environment are lessened when magnesium sulfate is used as a fertilizer. Demand for magnesium sulfate in agriculture is rising as more people get interested in and start using organic farming methods.
Restraints
Raw material price swings
Raw material price volatility is a major factor limiting the worldwide magnesium sulphate industry. Raw ingredients like magnesium ores and sulfuric acid are mined and refined into magnesium sulfate. The availability and demand for these basic resources, as well as geopolitical conflicts and economic conditions, can all contribute to price fluctuations. The entire cost of production, and hence the pricing and profitability of magnesium Sulphate products, can be affected by fluctuations in the cost of raw materials. This can make it difficult for market participants to keep their profit margins consistent and keep their prices low enough to attract customers.
Report Coverage
Global Magnesium Sulphate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Magnesium Sulphate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Magnesium Sulphate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Magnesium Sulphate market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | K+S Group (Germany), PQ Corporation (US), China Nafine Group International Co., Ltd (China), UMAI CHEMICAL CO., LTD (Japan), Giles Chemical (US), Mani Agro Chem Private Limited (India), Acuro Organics Limited (India), Laizhou Guangcheng Chemical Co., Ltd (China), Global Calcium (India), Laizhou City Laiyu Chemical CO., Ltd (China), Yara International ASA (Norway), Tessenderlo Group (Belgium), Compass Minerals (US), Israel Chemicals Ltd. (Israel), Nippon Chemical Industrial Co., Ltd. (Japan), Shanxi Jiaocheng Hongxing Chemical Co., Ltd. (China), Changzhou New Star Chemical Co., Ltd. (China), Hebei Meishen Technology Co., Ltd. (China), Tangshan Weihao Magnesium Powder Co., Ltd. (China), Maruti Chemicals Company (India) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Magnesium Sulphate Market from 2021 to 2030.
- Market Forecast for Magnesium Sulphate Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Magnesium Sulphate competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Magnesium Sulphate
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Magnesium Sulphate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Magnesium Sulphate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
K+S Group (Germany), PQ Corporation (US), China Nafine Group International Co., Ltd (China), UMAI CHEMICAL CO., LTD (Japan), Giles Chemical (US), Mani Agro Chem Private Limited (India), Acuro Organics Limited (India), Laizhou Guangcheng Chemical Co., Ltd (China), Global Calcium (India), Laizhou City Laiyu Chemical CO., Ltd (China), Yara International ASA (Norway), Tessenderlo Group (Belgium), Compass Minerals (US), Israel Chemicals Ltd. (Israel), Nippon Chemical Industrial Co., Ltd. (Japan), Shanxi Jiaocheng Hongxing Chemical Co., Ltd. (China), Changzhou New Star Chemical Co., Ltd. (China), Hebei Meishen Technology Co., Ltd. (China), Tangshan Weihao Magnesium Powder Co., Ltd. (China), Maruti Chemicals Company (India)
Primary Target Market
- Market Players of Magnesium Sulphate
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Magnesium Sulphate market based on the below-mentioned segments:
Global Magnesium Sulphate Market, By Type
Heptahydrate
anhydrous
monohydrate
others
Global Magnesium Sulphate market, By Application
Fertilizer
medical
food additive
industrial
chemical and others
Global Magnesium Sulphate market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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