U.S. markets closed
  • S&P 500

    -2.97 (-0.07%)
  • Dow 30

    +27.16 (+0.08%)
  • Nasdaq

    -74.89 (-0.58%)
  • Russell 2000

    +6.01 (+0.31%)
  • Crude Oil

    -0.35 (-0.37%)
  • Gold

    -8.20 (-0.45%)
  • Silver

    -0.48 (-2.30%)

    +0.0026 (+0.25%)
  • 10-Yr Bond

    +0.1020 (+3.66%)

    -0.0016 (-0.13%)

    +0.0320 (+0.02%)

    +220.05 (+0.92%)
  • CMC Crypto 200

    -1.61 (-0.28%)
  • FTSE 100

    -41.20 (-0.55%)
  • Nikkei 225

    -180.63 (-0.65%)

Production Expansion and Focus on Purity Grade to Remain Focal Point of Magnesium Chloride Producers, Reveals Fact.MR

·7 min read

Europe And North America Have Been Attractive Markets For Magnesium Chloride Suppliers, And The U.S. Is a Leading Demand Generator in the North American Market with Almost 77.4% Market Share In 2021

United States, Rockville MD, June 22, 2022 (GLOBE NEWSWIRE) -- As per the newly released report on magnesium chloride by Fact.MR, a market research and competitive intelligence provider, the global market is currently valued at 1.48 billion and is expected to surge ahead a CAGR of around 6.3% over the 2022-2032 forecast period. Market growth is mainly attributed to factors such as growing demand for magnesium chloride in cold countries for de-icing purposes and in the oil & gas industry to extract oil easily.

The booming pharmaceutical industry has been responsible for the various usages of magnesium chloride in the formulation of topical drugs and clinical reagents. Anhydrous magnesium chloride is often used as an electrolyte replenisher and pharmaceutic necessity for haemodialysis and peritoneal dialysis fluids.

For Critical Insights on Magnesium Chloride Market, Request a Sample Report

Additionally, the antimicrobial properties of magnesium chloride are much more than those of sodium chloride and potassium chloride, driving its demand for the production of antimicrobial gels and cleansers. Moreover, magnesium is an essential ingredient in the food processing industry due to its coagulant properties. Magnesium chloride is mostly used in the preparation of traditional foods such as tofu, soy, and also in baby formula milk.

Why are Magnesium Chloride Hexahydrate Flakes Enjoying Immense Popularity?

Magnesium chloride hexahydrate flakes are the most attractive category in the market due to their diversified use in fire retarding agents, chemical derivatives, pharmaceuticals, and much more.

This category registered a CAGR of 4.4% from 2017 to 2021 with a market value of US$ 155.3 million and is expected to reach US$ 1.15 billion by 3032 expanding at a high CAGR of 6%. Solid magnesium chloride, by form, stands out with a market value share of 65.4%. Due to its high use in the oil & gas industry across the world, sales of magnesium chloride in the solid form are expected to remain high going forward.

To learn more about Magnesium Chloride Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7493

Key Segments Covered in the Magnesium Chloride Industry Survey

  • Magnesium Chloride Market by Type :

    • Anhydrous Magnesium Chloride

    • Hexahydrate Magnesium Chloride

  • Magnesium Chloride Market by Form :

    • Liquid Magnesium Chloride

    • Solid Magnesium Chloride

      • Flakes

      • Prills/Pellets

  • Magnesium Chloride Market by Grade :

    • Industrial Grade Magnesium Chloride

    • Food Grade Magnesium Chloride

    • Pharmaceutical Grade Magnesium Chloride

  • Magnesium Chloride Market by Application :

    • Metallurgy

    • Building Material

    • Food & Feed

    • Chemicals & Derivatives

    • Pharmaceuticals

    • Water Treatment

    • Oil & Gas

    • De-icing Applications

    • Fire Retarding Agents

    • Others

Competitive Landscape

Compass Minerals International, Inc., K+S Aktiengesellschaft, Israel Chemical Ltd., Intrepid Potash, Inc., Nedmag B.V, Skyline Chemical Corporation, Cargill, Alkim, Antera Agro Chem, and Celtic Chemicals Ltd are key suppliers of magnesium chloride.

Market players such as Compass Minerals International and K+S Aktiengesellschaft are continuously performing research & development to increase the production and purification process and increase their profits.

  • Nedmag B.V’s magnesium chloride is gaining huge attention in various industries due to its improved properties, such as flame resistance and cost-effectiveness, and has witnessed huge demand in the fire-retardant industry.

Get Customization on Magnesium Chloride Market Report for Specific Research Solutions

Key players in the Magnesium Chloride Market

  • Compass Minerals International, Inc.

  • K+S Aktiengesellschaft

  • Israel Chemical Ltd.

  • Intrepid Potash, Inc.

  • Nedmag B.V

  • Skyline Chemical Corporation

  • Cargill

Key Takeaways from Magnesium Chloride Market Study

  • By grade, industrial magnesium chloride is projected to provide an absolute $ opportunity of US$ 758.1 million over the forecast period (2022-2032).

  • Food grade is anticipated to account for 27.1% market share by 2032.

  • North America is projected to capture around 26.2% of the global magnesium chloride market share by 2032 and be valued at US$ 645.2 Mn.

  • The United States is predicted to provide an absolute dollar opportunity of US$ 203.6 million by 2032.

Fact.MR’s Domain Expertise in Chemicals and Materials Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Explore Fact.MR's Coverage on the Chemicals and Materials Domain-

Polyamide Market- Worldwide consumption of polyamides is projected to increase at a steady CAGR of 3.6% from 2022 to 2032. The global polyamide market is anticipated to reach a valuation of US$ 42.29 billion by the end of 2032 from its current size of US$ 29.71 billion.

Anaerobic Adhesives Market- The global anaerobic adhesives market is expected to evolve at a CAGR of 5.8% from 2022 to 2032. At the end of 2021, the market was valued at US$ 546.8 million and is anticipated to reach US$ 1 billion by the end of 2032.

U.S. Carbon Dioxide Market- Valuation of the U.S. carbon dioxide market stands at US$ 381.4 million in 2022. The market is predicted to surge ahead at 6.7% CAGR to reach US$ 732.9 million by the end of 2032.

Electronic Conformal Coatings Market- As of 2022, the electronic conformal coatings market stands at a net value of US$ 2.45 billion and is projected to rake in sales revenue of a total of US$ 4.3 billion by the end of 2032. From 2022 to 2032, the electronic conformal coatings market is anticipated to exhibit progression at a CAGR of 5.8%.

Needle Coke Market- The global market for needle coke to expand at a CAGR of 3.7% and will reach a valuation of US$ 5.86 billion by the end of 2032 from US$ 4.07 billion in 2022.

Ceramic Inks Market- The global ceramic inks market is estimated to account for a valuation of US$ 2.34 billion in 2022. Worldwide consumption of ceramic inks is anticipated to increase at a high CAGR of 7.7% over the forecast period and end up with a market size of US$ 4.93 billion by 2032-end.

Impregnating Resins Market- Worldwide sales of impregnating resins were valued at US$ 1.41 billion at the end of 2021, registering Y-o-Y growth of 3.8%. As per forecasts, the global impregnating resins market is projected to increase at a noteworthy CAGR of 6.5% and reach a market valuation of US$ 2.79 billion by 2032.

Maleic Anhydride Market- The global Maleic Anhydride Market was valued at US$ 2.8 Billion in 2021, and is projected to be valued at US$ 2.9 Billion in 2022. During the 2022-2032 period of assessment, demand is expected to rise at a 3.4% value CAGR, likely to reach US$ 4.1 Billion by the end of the said forecast period.

Petroleum Coke Market- Global consumption of petroleum coke is set to reach US$ 25.27 billion in 2022 and further expand at a CAGR of 9.6% to reach a market size of US$ 63.10 billion by the end of 2032.

Matting Agents Market- Global consumption of matting agents is projected to increase at a CAGR of 3.1% over the forecast period (2022-2032). As a result, the matting agents market is expected to reach a market size of around US$ 729.6 million by the end of 2032, up from US$ 537.9 million in 2022.

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter