Global Industrial Grade Magnesium Chloride Supply, Demand and Key Producers, 2023-2029

Global Industrial Grade Magnesium Chloride Supply, Demand and Key Producers, 2023-2029

The global Industrial Grade Magnesium Chloride market size is expected to reach $ 484.5 million by 2029, rising at a market growth of 3.0% CAGR during the forecast period (2023-2029).

Global key players of industrial grade magnesium chloride include Dead Sea Works, Compass Minerals, Shouguang Haixu Chemical, Weifang Haizhiyuan Chemistry, etc. The top four players hold a share over 20%.

China is the largest producer, has a share about 53%, followed by North America, and Middle East and Africa, with share 18% and 14%, separately.

In terms of product type, magnesium chloride hexahydrate is the largest segment, occupied for a share of 59%, and in terms of application, metallurgy has a share about 35 percent.

Industrial-grade magnesium chloride refers to a type of magnesium chloride compound that is specifically designed for industrial applications. Magnesium chloride (MgCl2) is an inorganic salt that contains magnesium and chlorine ions. In its industrial grade form, it is typically processed to meet certain specifications and purity requirements for various industrial processes.

Industrial-grade magnesium chloride is commonly used in industries such as Building Materials Industry, agriculture, chemical manufacturing, and as a de-icing agent. It can be used as a raw material for the production of magnesium metal, as a component in cement and concrete formulations, as a dust suppressant on roads, and as a fertilizer in agriculture. Additionally, it is utilized in the production of paper, textiles, and fireproofing materials.

Note：In this report, magnesium chloride solution is converted into solid magnesium chloride hexahydrate.

This report studies the global Industrial Grade Magnesium Chloride production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Industrial Grade Magnesium Chloride, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Industrial Grade Magnesium Chloride that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Industrial Grade Magnesium Chloride total production and demand, 2018-2029, (K MT)

Global Industrial Grade Magnesium Chloride total production value, 2018-2029, (USD Million)

Global Industrial Grade Magnesium Chloride production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (K MT)

Global Industrial Grade Magnesium Chloride consumption by region & country, CAGR, 2018-2029 & (K MT)

U.S. VS China: Industrial Grade Magnesium Chloride domestic production, consumption, key domestic manufacturers and share

Global Industrial Grade Magnesium Chloride production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (K MT)

Global Industrial Grade Magnesium Chloride production by Type, production, value, CAGR, 2018-2029, (USD Million) & (K MT)

Global Industrial Grade Magnesium Chloride production by Application production, value, CAGR, 2018-2029, (USD Million) & (K MT).

This reports profiles key players in the global Industrial Grade Magnesium Chloride market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Cargill, Compass Minerals, Dead Sea Works, Nedmag, Alkim, Shouguang Haixu Chemical, Weifang Haizhiyuan Chemistry, Hongyuan Chemical and Jiaxing Chenlong Chemical, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Industrial Grade Magnesium Chloride market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K MT) and average price (US$/MT) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Industrial Grade Magnesium Chloride Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Industrial Grade Magnesium Chloride Market, Segmentation by Type
Anhydrous Magnesium Chloride
Magnesium Chloride Hexahydrate

Global Industrial Grade Magnesium Chloride Market, Segmentation by Application
Metallurgy
Chemical
Building Materials
Antifreeze
Others

Companies Profiled:
Cargill
Compass Minerals
Dead Sea Works
Nedmag
Alkim
Shouguang Haixu Chemical
Weifang Haizhiyuan Chemistry
Hongyuan Chemical
Jiaxing Chenlong Chemical
Songchuan Industry
SATA
CFK
Riddhi Siddhi Magnesia Works
Haihua Group
Qinghai Tieyuan Magnesium Industry
Jinsheng Haiyang

Key Questions Answered

1. How big is the global Industrial Grade Magnesium Chloride market?

2. What is the demand of the global Industrial Grade Magnesium Chloride market?

3. What is the year over year growth of the global Industrial Grade Magnesium Chloride market?

4. What is the production and production value of the global Industrial Grade Magnesium Chloride market?

5. Who are the key producers in the global Industrial Grade Magnesium Chloride market?