Global Magnesium Chloride Market Growth 2023-2029

Global Magnesium Chloride Market Growth 2023-2029

Magnesium Chloride is a kind of chloride with formula MgCl2, which has the property of colorless and easy deliquescence.

LPI (LP Information)' newest research report, the “Magnesium Chloride Industry Forecast” looks at past sales and reviews total world Magnesium Chloride sales in 2022, providing a comprehensive analysis by region and market sector of projected Magnesium Chloride sales for 2023 through 2029. With Magnesium Chloride sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnesium Chloride industry.

This Insight Report provides a comprehensive analysis of the global Magnesium Chloride 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 Magnesium Chloride portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Magnesium Chloride market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnesium Chloride 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 Magnesium Chloride.

The global Magnesium Chloride market size is projected to grow from US$ 193.8 million in 2022 to US$ 186.9 million in 2029; it is expected to grow at a CAGR of 186.9 from 2023 to 2029.

Compass Minerals, Xiangjiang and Huitai Group are the top 3 players of Magnesium Chloride, with about 23% market shares.

The consumption shares of China, Europe and USA were 51%, 16% and 20%. China is the main export region.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnesium Chloride market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Anhydrous Magnesium Chloride

Hexahydrate Magnesium Chloride

Others

Segmentation by application

Metallurgy

Chemical Industry

Building Materials

Food

Transportation Industry

Others

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.

Compass Minerals

Dead Sea Works

Nedmag

Alkim

Xiangjiang

Huitai Group

Changsheng

Dongyuan Lianhai

Winfast Plastic

Hongyuan Chemical

Xinhai Decing Products

Chenlong

Jinxing

Quancheng

Songchuan

Beier

Key Questions Addressed in this Report

What is the 10-year outlook for the global Magnesium Chloride market?

What factors are driving Magnesium Chloride market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Magnesium Chloride market opportunities vary by end market size?

How does Magnesium Chloride 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.