Magnesium Chloride Market - By Product Form (Liquid, Solid), By Application (Deicing Agent, Dust Suppressants, Chemicals & Derivatives, Building Materials, Pharmaceuticals, Food & Feed), By Grade & Forecast, 2024 - 2032
Magnesium Chloride Market size is expected to witness over 4.2% CAGR between 2024 and 2032, due to rising need across industries like manufacturing, agriculture, and pharmaceuticals. For instance, in June 2023, Sebela Pharmaceuticals revealed that the U.S. FDA approved SUFLAVE™ for colonoscopy preparation in adults. Widely utilized in construction for soil stabilization and as a dust suppressant, magnesium chloride boasts of agricultural applications as fertilizers and soil conditioners, particularly in regions with deficient calcium soil. The pharmaceutical industry also uses calcium carbonate to manufacture medicines, and nutritional supplements.
Magnesium chloride is recognized for its support of muscle function, nerve transmission, and bone health, leading to its strong use in nutritional supplements and personal care products. With its versatility, it has grown valuable in industrial applications like wastewater treatment and metallurgy, driving market growth in both industrial and consumer sectors.
The magnesium chloride market is divided into product form, grade, application and region.
Based on product form, the market size from the solid segment will record significant growth rate through 2032. Solid magnesium chloride in forms like flakes, pellets, and granules is preferred for its ease of use and storage over water. It is utilized in various industries, such as construction, transportation, water treatment, agriculture, and pharmaceuticals for deicing, dust control, and other applications. Solid magnesium chlorides are also popular for their durability and stability, making them ideal for cost-effective and reliable solutions.
Magnesium chloride industry from the pharmaceutical segment is slated to generate notable gains from 2024 to 2032. Magnesium chloride is utilized in medicines and supplements for its medicinal benefits. It acts as a source of magnesium to correct deficiencies and support health, while being used as a pharmaceutical aid in stabilizing formulations. With increasing awareness of the importance of magnesium in maintaining health and well-being, the segment will record robust growth.
North America magnesium chloride industry size will witness significant CAGR through 2032, led by rising usage in snow and ice control on roads and highways during winter. Magnesium chloride is also recording demand for soil stabilization, dust control, and concrete admixtures, especially in infrastructure projects. Increasing need for eco-friendly solutions due to focus on health and environment protection will further drive the regional market expansion.
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Raw material pricing trends (USD/Ton)
- 3.3.4.1 U.S.
- 3.3.4.2 European Union
- 3.3.4.3 UK
- 3.3.4.4 China
- 3.3.4.5 Southeast Asia
- 3.3.4.6 GCC
- 3.4 Regulations & market impact
- 3.5 Trade statistics
- 3.6 Unmet needs
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
- Chapter 5 Market Size and Forecast, By Product Form, 2018-2032 (USD Billion, Kilo Tons)
- 5.1 Key trends
- 5.2 Liquid
- 5.3 Solid
- Chapter 6 Market Size and Forecast, By Grade, 2018-2032 (USD Billion, Kilo Tons)
- 6.1 Key trends
- 6.2 Industrial
- 6.3 Food & pharmaceuticals
- Chapter 7 Market Size and Forecast, By Application, 2018-2032 (USD Billion, Kilo Tons)
- 7.1 Key trends
- 7.2 Deicing agent
- 7.3 Dust suppressants
- 7.4 Chemicals & derivatives
- 7.5 Building materials
- 7.6 Pharmaceuticals
- 7.7 Food & feed
- 7.8 Others
- Chapter 8 Market Size and Forecast, By Region, 2018-2032 (USD Billion, Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
- Chapter 9 Company Profiles
- 9.1 Compass Minerals International, Inc.
- 9.2 DEUSA international GmbH
- 9.3 Huitai Investment Group Co., Ltd
- 9.4 Intrepid Potash, Inc.
- 9.5 Israel Chemical Ltd.
- 9.6 K+S Aktiengesellschaft
- 9.7 K+S KALI GmbH
- 9.8 Merck KGaA
- 9.9 Nedmag B.V
- 9.10 Nikomag OJSC
- 9.11 Shandong Haihua Group Co., Ltd.
- 9.12 Skyline Chemical
- 9.13 Tianjin Changlu Haijing Group Co., Ltd
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook