Global Magnesium Carbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Magnesium Carbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Magnesium carbonate is a white monoclinic crystalline or amorphous powder. Non-toxic, tasteless and stable in the air. Slightly soluble in water, and the aqueous solution is weakly alkaline. It can be used as refractories, thermal insulation materials for boilers and pipelines, and additives for food, medicines, cosmetics, rubber, ink, etc.

Market Overview:

The latest research study on the global Magnesium Carbonate market finds that the global Magnesium Carbonate market reached a value of USD 172.65 million in 2022. It’s expected that the market will achieve USD 213.95 million by 2028, exhibiting a CAGR of 3.64% during the forecast period.

Challenges

Although magnesium carbonate itself is not toxic, some people may be allergic to it. If people accidentally touch eyes or inhale, it will irritate eyes, respiratory tract and digestive tract, and long-term inhalation will even lead to pneumoconiosis. At the same time, large doses of dietary supplements containing magnesium carbonate might cause too much magnesium to build up in the body, causing serious side effects such as irregular heartbeat, low blood pressure, confusion, slowed breathing, coma, and even death.
Magnesium hydroxide helps alleviate hypomagnesemia, just as magnesium Carbonate does. And magnesium hydroxide also operates as an antacid, neutralizing the digestive acid in the stomach. In addition to stimulating the bowel, magnesium hydroxide may relieve indigestion and heartburn. In addition, magnesium hydroxide can also be used in chemical pulp bleaching process, which reduces the process cost by providing higher yield, and also maintains brightness and physical properties. In cosmetic industry as pH controller, Absorbent, Buffering agent, neutralizing agent in bath products, hair & skin care products. These properties may cause customers to choose magnesium hydroxide, which will challenge the sales of magnesium carbonate and the profitability of manufacturers.

Region Overview:

From 2023-2028, East Asia is estimated to witness robust growth prospects.

Company Overview:

Zehui Chemical is one of the major players operating in the Magnesium Carbonate market, holding a share of 15.74% in 2022.

Shandong Xinzehui New Materials Technology Co., Ltd. is the production plant of Wuxi Zehui Chemical Co.,Ltd. , the leading manufacturer of Magnesium Oxide, Magnesium Carbonate and Magnesium Hydroxide in China.

The environmental-friendly and high-quality products of Zehui group are made from abundant natural resources and sea water. Various magnesium products are utilized in a wide range of applications, including pharmaceutical, food, cosmetics, water treatment, flame retardant, ceramics, coating, glass, rubber, plastic, lithium battery etc.

Liaoning Xinghai pharmaceutical Co., Ltd. is a provincial high-tech enterprise integrating scientific research, production and economy and trade. Now it has two national GMP standard certified pharmaceutical factories, producing new pharmaceutical raw materials, Traditional Chinese medicine preparations and health care products, and is a standardized comprehensive modern enterprise.

Segmentation Overview:

Among different product types, Light Magnesium Carbonate segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Plastic and Rubber Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Magnesium Carbonate market covered in Chapter 3:

Xingtai Messi
Yingkou Magnesite Chemical
Yixing Lark Fine Chemical
Naikai Salt Industries Co.,LTD
Meishen
Zehui Chemical
Hebei Gaolin
Liaoning Xinghai Pharmaceutical
ICL
Konoshima Chemical
Bakhtawar Industries
Rahul Magnesia Pvt. Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Magnesium Carbonate market from 2018 to 2029 is primarily split into:

Light Magnesium Carbonate
Heavy Magnesium Carbonate

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Magnesium Carbonate market from 2018 to 2029 covers:

Pharmaceuticals
Plastic and Rubber Industry
Personal Care and Cosmetics
Paints and Inks
Pulp and Paper Industry
Food and Beverage
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)