Global Magnesium Chloride Market Anticipated To Surpass USD 225 Million Valuation by 2025

Global Magnesium Chloride Market Anticipated To Surpass USD 225 Million Valuation by 2025

Published: 05-Feb-2020 | Published By: Market Research Store

The published report on “Global Magnesium Chloride Market – By Grade (Pharmaceutical, Industrial, and Food), By Product (Anhydrous Magnesium Chloride and Hexahydrate Magnesium Chloride), By Form (Flakes and Liquid), By Application (Chemical Industry, Transportation Industry, Building Materials, Metallurgy, and Food Industry), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” exhibits the escalating demand for global magnesium chloride market in 2018 was around USD 160 Million. It is anticipated to beat USD 225 Million by 2025 expanding gradually at a CAGR of around 4.7%.

Browse Full Report 190 Market Data Tables and 46 Figures spread through 190 Pages and in-depth TOC on "Magnesium Chloride Anhydrous Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here -

Magnesium chloride (MgCl2) is a typical ionic halide salt with a wide range of applications in numerous sectors. It is generally extracted from saline or brine water. The mineral salt is powdered, colorless, and unscented stuff in its sheer form. Due to the high affinity for water, the salt is mostly obtained in its hydrated form. It has a very high moisture absorption capability.

The global magnesium chloride market is being driven phenomenally owing to the huge demand for the salt in the polar regions that remain covered with ice & snow layers for almost throughout the year. The salt serves as an anti-icing agent owing to swift performance in ice removal compared to rock salt. The de-icing application of magnesium chloride supports the transportation sector in the chilled regions. Besides commuting, MgCl2 also plays a vital role in pharmaceutical, building & construction, textile, chemical, food, agriculture, and other industries. The global magnesium chloride market is being propelled due to the surging demand for the salt in the pharmaceutical sector, as the consumption of MgCl2promotes health by inhibiting tumor production, prostate disease, intestinal disorders, arteriosclerosis, and kidney stones.

Magnesium chloride supports the agriculture sector by controlling soil erosion and stabilizes its nutritive quality, thereby flourishing the global magnesium chloride market. The mineral salt has an extensive application in manufacturing a certain type of cement used in manufacturing industrial flooring tiles and wall insulation panels.

Several developed countries in North America and Western Europe have set some standards to maintain the high quality of water, for which both the regions are planning to in bulk in improving wastewater treatment processes in municipal waste treatment plants during the forecast period. Magnesium chloride is used as one of the essential ingredients for the effective treatment of wastewater, which in turn boosts the global magnesium chloride market.

Furthermore, several countries packed in ice blankets such as Greenland, Iceland, and Norway are increasing the demand for magnesium chloride owing to its anti-icing property. However, the Asia Pacific region held the major share in the global magnesium chloride market due to the rapid industrialization along with the expanded building & construction sector. The developing countries in the region such as Thailand, India, Malaysia, China, and Indonesia, are considerably boosting the global marketdue to the rising demand for the mineral salt in cement manufacturing.

Some of the leading players driving the global magnesium chloride market are K+S KALI GmbH, Skyline Chemical Corporation, HuiTaiInvestment Co. Ltd, DEUSA International GmbH, Intrepid, Compass Minerals, Nedmag B.V., ICL, NikoMag, Merck KGaA.

The global magnesium chloride market is segmented into:

Global Magnesium Chloride Market: By Grade

  • Pharmaceutical
  • Industrial
  • Food

Global Magnesium Chloride Market: By Product

  • Anhydrous Magnesium Chloride
  • Hexahydrate Magnesium Chloride

Global Magnesium Chloride Market: By Form

  • Flakes
  • Liquid

Global Magnesium Chloride Market: By Application

  • Chemical Industry
  • Transportation Industry
  • Building Materials
  • Metallurgy
  • Food Industry
  • Others

Global Magnesium Chloride Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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