Global Anhydrous Magnesium Sulfate Market Growth 2023-2029

Global Anhydrous Magnesium Sulfate Market Growth 2023-2029

Anhydrous magnesium sulfate, chemical formula: MgSO4, colorless orthorhombic crystal. Soluble in water, ethanol, glycerin, insoluble in acetone. It is used in the pharmaceutical and printing and dyeing industries. It can also be used as a desiccant, feed, fertilizer or compound fertilizer. It is also a raw material for the production of magnesium oxide.
LPI (LP Information)' newest research report, the “Anhydrous Magnesium Sulfate Industry Forecast” looks at past sales and reviews total world Anhydrous Magnesium Sulfate sales in 2022, providing a comprehensive analysis by region and market sector of projected Anhydrous Magnesium Sulfate sales for 2023 through 2029. With Anhydrous Magnesium Sulfate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Anhydrous Magnesium Sulfate industry.
This Insight Report provides a comprehensive analysis of the global Anhydrous Magnesium Sulfate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Anhydrous Magnesium Sulfate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Anhydrous Magnesium Sulfate market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Anhydrous Magnesium Sulfate and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Anhydrous Magnesium Sulfate.
The global Anhydrous Magnesium Sulfate market size is projected to grow from US$ 121.6 million in 2022 to US$ 153.9 million in 2029; it is expected to grow at a CAGR of 153.9 from 2023 to 2029.
Among various applications of anhydrous magnesium sulfate, demand from industrial accounts for the largest share. In 2019, the field consumed approximately 73% of the market share, mainly from the paper industry and ABS industry.
Asia Pacific is the largest consumption region of anhydrous magnesium sulfate, with a market share of about 54% in 2019. Europe and North America account for a huge part of the rest, occupying nearly 32% and 8% of the global market, respectively.
The key players in the global Anhydrous Magnesium Sulfate market are like K+S and Laiyu Chemical, Hongda Xingye , Laizhou Kangxin, etc. The top 5 companies totally hold almost 65% of the global market in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Anhydrous Magnesium Sulfate market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Industrial Grade Anhydrous Magnesium Sulfate
Food Grade Anhydrous Magnesium Sulfate
Segmentation by application
Industry
Agriculture
Food and Pharmaceutical Industry
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
K+S
UMAI CHEMICAL
Gee Gee Kay
Laiyu Chemical
Laizhou Kangxin
Laizhou Litong
Hongda Xingye
Laizhou Shouxi
Zibo Jinxing
Yantai Sanding
Weifang Huakang

Key Questions Addressed in this Report
What is the 10-year outlook for the global Anhydrous Magnesium Sulfate market?
What factors are driving Anhydrous Magnesium Sulfate market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Anhydrous Magnesium Sulfate market opportunities vary by end market size?
How does Anhydrous Magnesium Sulfate break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.