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

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

Magnesium sulfate as a medication is used to treat and prevent low blood magnesium and seizures in women with eclampsia. It is also used in the treatment of torsades de pointes, severe asthma exacerbations, constipation, and barium poisoning. It is given by injection into a vein or muscle as well as by mouth. As Epsom salts, it is also used for mineral baths.

Market Overview:

The latest research study on the global Magnesium Sulphate market finds that the global Magnesium Sulphate market reached a value of USD 905.56 million in 2022. It’s expected that the market will achieve USD 1171.42 million by 2028, exhibiting a CAGR of 4.38% during the forecast period.

Market Drivers

The increasing need for attaining high agricultural yields coupled with the significant growth of the agricultural industry across the globe is expected to be the key driver for the market growth in the years to follow.
Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.
The increasing adoption of magnesium sulfate in the personal care & cosmetics industry for the formulation of a variety of personal care essentials including hair products, skincare products, sun-tan products, and skin fresheners is expected to boost the growth of the global magnesium sulfate market during the forecast period.
Side effects of overdose of magnesium sulfate may limit market growth. For example, if you take a large amount of a solution that is too high in concentration during catharsis, it may absorb a large amount of water from the tissue and cause dehydration.

Region Overview:

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

Company Overview:

The top three companies are K + S AG, PQ Group Holdings, Yingkou Magnesite Chemical Ind Group Co., Ltd with the revenue market share of 9.72%, 4.26% and 4.00% in 2018.

K + S AG offers a wide range of industrial materials including advanced potassium sulphate, potassium chloride and magnesium chloride and magnesium sulphate.

Fuels and emissions controls, consumer products, highway safety and construction, packaging and engineering plastics, industrial and process chemicals and natural resources.

Segmentation Overview:

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

Application Overview:

By application, the Agricultural segment occupied the biggest share from 2018 to 2022.

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

PQ Group Holdings
Mani Agro Chem Pvt Ltd
Southern Ionics Incorporated
Yingkou Magnesite Chemical Ind Group Co., Ltd
Nafine Chemical Industry Group Co
K + S AG
Laizhou Litong Chemical Co., Ltd
Laizhou Guangcheng Chemical Co., Ltd
Giles Chemical
Umai Chemical Co.,Ltd

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

Magnesium Sulfate Heptahydrate
Magnesium Sulfate Monohydrate
Magnesium Sulfate Anhydrous
Others

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

Agricultural
Livestock
Industrial
Pharmaceutical
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)