Magnesium Chloride Industry 2022-2030

Magnesium chloride is used in diverse industries such as healthcare, R&D, building & construction, pharmaceuticals, food & feed, and chemical sector. Besides, it finds extensive application as a deicing agent and dust suppressant. Resultantly, a vast amount of consumption in a wide range of application areas drives the magnesium chloride market on a global level. 

Major Payers: 

Players leading the global magnesium chloride market include K+S KALI GmbH (Germany), Compass Minerals (US), ICL (Israel), Merck KGaA (Germany), Intrepid (US), Nedmag B.V. (the Netherlands), DEUSA International GmbH (Germany), NikoMag (Russia), HuiTai Investment Co., Ltd (China), and Skyline Chemical Corporation (US), among others. 

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According to Market Research Future (MRFR), the magnesium chloride market is expected to reach USD 212,823.3 MN by 2024. The market is expected to register a 4.65% CAGR throughout the assessment period (2017 – 2024). The ever-increasing global population is fueling the demand for quality housing and better infrastructure. This, as a result, creates a massive market demand, absorbing a vast amount of cement in construction activities. 

Improving economic conditions act as a significant tailwind influencing the market growth, driving the construction and food market. Besides, the rising global economy is fostering the growth of the market, boosting the pharmaceutical and healthcare sector. Depleting water levels are prompting the usages of water, wisely, which is providing a huge impetus to the market growth, influencing the wastewater treatment market.  

Given the health benefits associated with its consumption, a considerable amount of magnesium chloride is absorbed in the pharmaceutical and nutraceutical industry. Continually growing cement industry driven by the rising residential and commercial construction projects is propelling the growth of the market. Ice deposition on roads and vehicles is a common issue encountered in colder regions, which drives substantial market demand. 

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The burgeoning Healthcare sector worldwide is expected to grow pervasively in the years to come, which implies more demand for medicines and hence, for magnesium chloride. With the rising advancements in technology, manufacturing techniques have been evolving rapidly, which are influencing the market growth, increasing the production of magnesium chloride.  

Global Magnesium Chloride Market – Segment

The market is segmented into four dynamics to widen the scope of understanding,

By Form                               : Liquid and Flakes.

By Grade                             : Industrial, Food, and Pharmaceutical.

By Application  : Deicing Agent, Dust Suppressant, Chemicals & Derivatives, Building Materials, Pharmaceuticals, Food & Feed, and others.

By Regions                         : North America, Europe, Asia Pacific, and the Rest-of-the-World.

Global Magnesium Chloride Market – Regional Analysis

The Asia Pacific leads the global Magnesium Chloride Industry. The significant market share of the region attributes to the rapid industrialization and urbanization in countries such as India, Thailand, Indonesia, and Malaysia. The APAC region accounts for over 60% to 65% of the total global population, which is increasing the demand for quality housings.

Besides, the rapid industrialization and urbanization promote the need for improved infrastructure, which is increasing the infrastructural and commercial construction activities. Resultantly, this increases the demand for cement and consequently, the demand for magnesium chloride. Driven by the burgeoning pharmaceutical industries, the region is expected to grow at a CAGR of over 5% during the forecast period.

North America and Europe also hold a substantial share in the global magnesium chloride market. In Europe, the magnesium chloride market is driven by the augmenting demand for anti-icing and deicing agent in countries such as Iceland, Greenland, Switzerland, and Norway. The European magnesium chloride market is projected to create a valuation of USD 54,120.8 MN by the end of the forecast period.

Global Magnesium Chloride Market - Competitive Outlook

Highly competitive, the magnesium chloride market appears to be fragmented due to the presence of many large and small-scale players. With increasing industrialization and upgrades, manufacturers are setting up more facilities to increase production capacities and to meet the rising demand in the most efficient manner. To meet the goals, they make substantial investments. They try to inculcate the latest techniques in their production procedures to reduce the remittance of harmful gases. 

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Industry/ Innovation/Related News 

October 15, 2019 ---- Thermo Fisher Scientific (the US), a biotechnology product development company, launched a new handheld X-ray fluorescence analyzer - IonicX XRF Analyzer that can help pharmaceutical and biopharmaceutical manufacturers to verify the identity of ionic salts in warehouses within seconds. According to the company, the new technology helps save time and money that is otherwise used on conventional analysis techniques. 

This is achieved by directly putting laboratory-grade capabilities into the hands of raw material, and quality control managers irrespective of their location in the manufacturing facility said, Thermo Fisher.

It has the capability to identify and authenticate the five most-used salts in biopharmaceutical and pharmaceutical manufacturing, including magnesium chloride (MgCl2), sodium chloride (NaCl), potassium chloride (KCl), sodium hydroxide (NaOH), and calcium chloride (CaCl2). 

Table of Content

1 Prologue

2 Market Introduction

2.1 Definition 18

2.2 Scope Of The Study 18

2.3 Market Structure 18

3 Market Insights

3.1 Market Insights 19

4 Research Methodology

4.1 Research Process 22

4.2 Primary Research 23

4.3 Secondary Research 24

4.4 Market Size Estimation 24

4.5 Forecast Model 25

4.6 List Of Assumptions 26

5 Market Dynamics

5.1 Introduction 27

5.2 Drivers 28

5.2.1 Extensive Use Of Magnesium Chloride In Anti-Icing Application 28

5.2.2 Health Benefits Associated With The Consumption Of Magnesium Chloride 29

5.2.3 Use Of Magnesium Chloride In Cement Production 29

5.3 Restraints 31

5.3.1 Availability Of Substitutes 31

5.4 Opportunity 32

5.4.1 Growing Adoption Of Magnesium Chloride In Wastewater Treatment 32

5.5 Trends 32

5.5.1 Benefits Associated With Magnesium Chloride Baths And Soaks 32

6 Market Factor Analysis

6.1 Supply Chain Analysis 33

6.1.1 Market Concentration 33

6.1.2 Key Industry Stakeholders 33

6.1.3 Logistics Scenario 34

6.1.4 Supply Chain Levels 34

6.2 Porter’s Five Forces Analysis 34

6.2.1 Threat Of New Entrants 35

6.2.2 Threat Of Rivalry 35

6.2.3 Threat Of Substitutes 35

6.2.4 Bargaining Power Of Suppliers 36

6.2.5 Bargaining Power Of Buyers 36

6.3 Pricing Analysis 36

6.3.1 Trade Analysis 36

6.4 Pricing Analysis, 2020-2028 (USD/TON) 39

7 Global Magnesium Chloride Market, By Form

7.1 Introduction 40

7.2 Liquid 41

7.3 Flakes 43

8 Global Magnesium Chloride Market, By Grade

8.1 Introduction 44

8.2 Industrial 45

8.3 Food And Pharmaceutical 46

9 Global Magnesium Chloride Market, By Application

9.1 Introduction 48

9.2 Deicing Agent 50

9.3 Dust Suppressant 51

9.4 Chemicals & Derivatives 51

9.5 Building Materials 52

9.6 Pharmaceuticals 54

9.7 Food & Feed 55

9.8 Others 56

10 Global Magnesium Chloride Market, By Region

10.1 Introduction 57

10.2 North America 61

10.2.1 US 64

10.2.2 Canada 66

10.3 Europe 69

10.3.1 Germany 73

10.3.2 France 75

10.3.3 UK 78

10.3.4 Italy 80

10.3.5 Russia 83

10.3.6 Spain 85

10.3.7 The Netherlands 88

10.3.8 Belgium 90

10.3.9 Austria 93

10.3.10 Rest Of Europe 95

10.4 Asia-Pacific 98

10.4.1 China 101

10.4.2 Japan 104

10.4.3 India 106

10.4.4 South Korea 109

10.4.5 Australia And New Zealand 111

10.4.6 Indonesia 114

10.4.7 Rest Of Asia-Pacific 116

10.5 Latin America 119

10.5.1 Mexico 122

10.5.2 Brazil 125

10.5.3 Argentina 127

10.5.4 Est Of Latin America 130

10.6 Middle East And Africa 132

10.6.1 Turkey 136

10.6.2 UAE 138

10.6.3 Saudi Arabia 141

10.6.4 Israel 143

10.6.5 South Africa 146

10.6.6 Egypt 148

10.6.7 Rest Of Middle East And Africa 151

11 Competitive Landscape

11.1 Introduction 154

11.2 Market Strategy Analysis 154

12 Company Profiles

13 Conclusion

13.1 Key Findings 172

13.2 Industry Trends 172

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