Magnesium Nitrate Hexahydrate Market
Magnesium Nitrate Hexahydrate Market Study by Nitromagnesite and Synthetic Manufacturing Processes for Solubilizing Agents, Dehydrating Agents, Oxidizing Agents, and Reducing Agents from 2023 to 2033
Analysis of Magnesium Nitrate Hexahydrate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Magnesium Nitrate Hexahydrate Market Growth Outlook (2023 to 2033)
Based on the analysis by Fact.MR, the global magnesium nitrate hexahydrate (Mg(NO3)2) market is valued to be US$ 770.8 million in 2023 and it is estimated to grow at a CAGR of 4.1% to reach US$ 1,152.0 million by the end of 2033.
The magnesium nitrate hexahydrate is a white flake and stable at ambient temperature. It is readily soluble in water, alcohol, and methanol. It works best when employed as a stabilizer and catalyst in mixed metal nitrate solution formulations for biocides.
Magnesium nitrate hexahydrate is also used as a source of nitrogen and magnesium in horticulture. Magnesium nitrate hexahydrate is found in mines and also can be synthetically derived using magnesium oxide or magnesium carbonate with nitric acid.
Report Attributes |
Details |
|
Magnesium Nitrate Hexahydrate Market Size (2022A) |
US$ 740.5 Million |
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Estimated Market Value (2023E) |
US$ 770.8 Million |
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Forecasted Market Value (2033F) |
US$ 1,152.0 Million |
|
Global Market Growth Rate (2023–2033) |
4.1% CAGR |
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North America Market Share (2023) |
25.1% |
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US Market Growth Rate (2023–2033) |
4.4% CAGR |
|
Key Companies Profiled |
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Consumption Analysis for the Magnesium Nitrate Hexahydrate (Mg(NO3)2)
According to Fact.MR, historically, from 2018 to 2022, consumption of magnesium nitrate hexahydrate increased at a CAGR of 2.7%.
The growth of the agriculture industry is anticipated to fuel the overall demand for magnesium nitrate hexahydrate during the forecast period. In addition, the use of magnesium nitrate hexahydrate as a catalyst and stabilizer in the manufacturing of petrochemical products is estimated to present potential growth opportunities in the coming years.
- Short Term (2023-2026): More than half of the total magnesium nitrate hexahydrate is used in fertilizers. The rising demand for fertilizers opened the gates for the growth of the magnesium nitrate hexahydrate market.
- Medium Term (2026-2029): The use of Mg(NO3)2 as a major component in the making of explosives to drive the market in the medium term.
- Long Term (2029-2033): Efforts led by market players coupled with flourishing end-use verticals to create immense growth opportunities for the market.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at a CAGR of 4.1% CAGR between 2023 and 2033.
Market Dynamics Overview
“Growing Use of Fertilizers in Agriculture Industry”
Magnesium nitrate hexahydrate is used in the making of nitrogen fertilizers. Increasing use of magnesium in fertilizers has been observed because it facilitates the development and growth of plants and promotes photosynthesis, as it is the central element of the chlorophyll molecule. In addition, it is both an activator as well as an enzyme that promotes strength.
Magnesium carries out efficient sugar synthesis, starch translocation, fat formation, and enhanced iron utilization. It also supports the fixation of nitrogen and control of nutrient uptake. The benefits offered by magnesium in plant health have translated into increased use in the fertilizer industry.
“Ban on Fireworks to hinder the Growth”
The sale of magnesium nitrate hexahydrate as a catalyzing, dehydrating, and coloring agent in fireworks is expected to witness an all-time low, given the increasing awareness regarding environmental health that has led to a ban on firework manufacturing and sales in many regions. Implementation of stringent government regulations and legislation to curb pollution levels caused by fireworks is a potential growth deterrent for magnesium nitrate hexahydrate.
For instance, the Supreme Court of India has emphasized a ban on using firecrackers in Delhi during the festival of Diwali in 2022. This has been done citing heavy pollution and deterioration of air quality in Delhi during the festive season. This factor has resulted in a significant reduction in the manufacturing of fireworks, which in turn is expected to impede the growth in sales of magnesium nitrate hexahydrate at a global level, inhibiting its market’s growth.
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Country-wise Insights
Why Magnesium Nitrate Hexahydrate Market in India is Estimated to Grow at a Faster Rate than the Global Average?
Magnesium nitrate hexahydrate is used as an additive in concrete due to its efficient stabilizing characteristics. Mg(NO3)2 adoption in India is anticipated to spearhead the growing construction sector.
As per the Builder’s Association of India, high government support and spending on developing infrastructure in India will lead to rapid growth in the construction industry.
Moreover, the use of magnesium nitrate hexahydrate in fertilizers is anticipated to pave potentially strong pathways in India, given its agricultural stronghold. The scenario for the growth of magnesium nitrate hexahydrate in the country continues to remain positive with an array of opportunities available in the emerging Indian market.
What makes the United States a Prominent Market for Magnesium Nitrate Hexahydrate?
According to the International Energy Agency (IEA), the petrochemical industry in the United States has witnessed a significant boost in the past few years and the same will continue during the forecast period. Increasing production and export of petrochemicals from the U.S. to other countries presents huge growth opportunities for manufacturers of magnesium nitrate hexahydrate in the North American region.
According to the United States Energy Association (USEA), the U.S. has exported more than 75 million gallons of petrochemicals to over 100 countries in 2020.
In addition, growth in the manufacturing of explosives in the U.S. followed by increasing government spending on the military and defense sector will lead to high consumption of magnesium nitrate hexahydrate in the U.S.
Category-wise Insights
How Growing Use of Fertilizer Escalates the Demand for Magnesium Nitrate Hexahydrate?
Being the backbone of an economy, agriculture continues to witness steady growth worldwide. According to OECD and FAO, agricultural trade is expected to remain resilient to economic downturns. That said, the demand for fertilizers is expected to increase in the coming years, which is likely to have a significant impact on the use of magnesium nitrate hexahydrate.
In addition, it is both an activator as well as an enzyme that promotes strength. Magnesium carries out efficient sugar synthesis, starch translocation, fat formation, and enhanced iron utilization. It also supports the fixation of nitrogen and control of nutrient uptake. The benefits offered by magnesium in plant health have translated into increased use in the fertilizer industry.
How Growing is Petrochemical Industry Fueling the Demand for Magnesium Nitrate Hexahydrate?
Magnesium nitrate hexahydrate is widely used as a catalyst and a stabilizer in petrochemical manufacturing, given its superior preservative effect. The petrochemical industry plays a key role in the economic development of a nation by supplying basic as well as useful raw material to various industries.
Increased proliferation of petrochemical products in every area including but not limited to furniture, construction, horticulture, automobiles, and irrigation, has pushed their industry growth. That said, the petrochemical industry has witnessed steady growth in the past decade and is expected to maintain its status quo in coming years.
For instance, the United States petrochemical industry is expected to witness a surge in growing exports along with the production of petrochemical products. Likewise, Asia Pacific also reflected an upsurge in the petrochemical sector, with China to be at the forefront.
Significant growth in the manufacturing of petrochemical products has translated into increased adoption of magnesium nitrate hexahydrate, which in turn is anticipated to fuel the growth of the global magnesium nitrate hexahydrate market during the period of forecast.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Eminent Players Key Stratagems
The market is highly competitive, but no company is having more than five percent of the total global market revenue, which shows that the market is highly fragmented with the presence of a large number of small players.
Companies like William Blythe Limited, Ricca Chemical Company LLC, GFS Chemicals Inc., Avantor Performance Materials, and Spectrum Chemical Manufacturing Corporation are the leading players facing tough competition with local players in terms of the effective pricing of the goods offered.
Focusing on making a good distribution network and retaining the end-users with good pricing will lead to higher revenue growth for companies in the future. Companies generating a major chunk of their overall revenues from a few markets can diversify and enter emerging markets to reduce their dependency on a single region for a major part of their revenues.
Fact.MR has provided detailed information about the price points of key manufacturers of magnesium nitrate hexahydrate positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Industry Research
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By Manufacturing Process :
- Nitromagnesite
- Synthetic Process
-
By Primary Function :
- Solubilizing Agent
- Dehydrating Agent
- Oxidizing Agent
- Reducing Agent
- Catalyzing Agent
- Others
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By Application :
- Additives
- Food & Feed Additives
- Specialty Chemical Additives
- Soil Additives
- Process Chemicals
- Manufacturing Explosives
- Catalysts & other Magnesium Salts
- Admixtures for Concrete
- Others
- Additives
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By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Market - Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Global Chemical Industry Outlook 3.2. Global Nitric Acid Market Overview 3.3. Global Nitrogen Fertilizer Production & Consumption Statistics 3.4. Magnesium Nitrate Hexahydrate: End-Use Application Mapping 3.5. Global Magnesium Nitrate Hexahydrate: Apparent Production & Consumption Analysis 3.5.1. Production Capacity (Tons) 3.5.1.1. By Key Regions 3.5.1.2. By Key Companies 3.5.2. Consumption Statistics 3.5.3. Apparent Trade Analysis 3.6. Market Opportunity Assessment 3.6.1. Total Available Market (US$ million) 3.6.2. Serviceable Addressable Market (US$ million) 3.6.3. Serviceable Obtainable Market (US$ million) 3.7. Market Dynamics 3.7.1. Market Growth Drivers 3.7.2. Market Restraints 3.7.3. Market Opportunities 3.7.4. Market Trends 3.8. Macro-Economic Factors 3.9. Forecast and Factors – Relevance and Impact 3.10. PESTLE Analysis 3.11. Porter’s Five Force Analysis 3.12. Investment Feasibility Analysis 3.13. Industry Value and Supply Chain Analysis 3.13.1. Value Added at Each Node of Supply Chain 3.13.2. Gross Profitability Margins (at Every Level) 3.13.3. List of Key Participants 3.13.3.1. Key Raw Material Suppliers 3.13.3.2. Key Manufacturers 3.13.3.3. Key Distributor/Retailers 3.13.3.4. Key End Users/Industries 4. Global Demand (Tons) Analysis and Forecast 4.1. Historical Market Volume (Tons) Analysis, 2018-2022 4.2. Current and Future Market Volume (Tons) Projections, 2023-2033 4.3. Y-o-Y Volume Growth Trend Analysis 5. Global Market - Pricing Analysis 5.1. Manufacturing Process and Country-Level Pricing Analysis 5.2. Global Average Pricing Analysis Benchmark 5.3. Factors Influencing Pricing 6. Global Market Value (US$ million) Analysis and Forecast 6.1. Historical Market Value (US$ million) Analysis, 2018-2022 6.2. Current and Future Market Value (US$ million) Projections, 2023-2033 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis and Forecast, By Manufacturing Process 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Manufacturing Process, 2018-2022 7.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Manufacturing Process, 2023-2033 7.3.1. Nitromagnesite 7.3.2. Synthetic Process 7.4. Market Attractiveness Analysis By Manufacturing Process 8. Global Market Analysis and Forecast, By Primary Function 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Primary Function, 2018-2022 8.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Primary Function, 2023-2033 8.3.1. Solubilizing Agent 8.3.2. Dehydrating agent 8.3.3. Oxidizing Agent 8.3.4. Reducing agent 8.3.5. Others 8.4. Market Attractiveness Analysis By Primary Function 9. Global Market Analysis and Forecast, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Segment 4, 2018-2022 9.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Application, 2023-2033 9.3.1. Additives 9.3.1.1. Food & Feed Additives 9.3.1.2. Specialty Chemical Additives 9.3.1.3. Soil additives 9.3.2. Process Chemicals 9.3.2.1. Manufacturing Explosives 9.3.2.2. Catalysts & other magnesium salts 9.3.2.3. Admixtures for concrete 9.3.2.4. Others 9.4. Market Attractiveness Analysis By Application 10. Global Market Analysis and Forecast, By Region 10.1. Introduction 10.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Region, 2018-2022 10.3. Current Market Size (US$ million) Analysis and Volume (Tons) Forecast By Region, 2023-2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia & Oceania 10.3.6. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Pricing Analysis 11.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 11.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 11.4.1. By Country 11.4.1.1. U.S. 11.4.1.2. Canada 11.4.2. By Manufacturing Process 11.4.3. By Primary Function 11.4.4. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Manufacturing Process 11.5.3. By Primary Function 11.5.4. By Application 12. Latin America Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 12.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Argentina 12.4.1.4. Rest of Latin America 12.4.2. By Manufacturing Process 12.4.3. By Primary Function 12.4.4. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Manufacturing Process 12.5.3. By Primary Function 12.5.4. By Application 13. Europe Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 13.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. Italy 13.4.1.4. Spain 13.4.1.5. U.K. 13.4.1.6. BENELUX 13.4.1.7. NORDICs 13.4.1.8. Rest of Europe 13.4.2. By Manufacturing Process 13.4.3. By Primary Function 13.4.4. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Manufacturing Process 13.5.3. By Primary Function 13.5.4. By Application 14. East Asia Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Pricing Analysis 14.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 14.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.2. By Manufacturing Process 14.4.3. By Primary Function 14.4.4. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Manufacturing Process 14.5.3. By Primary Function 14.5.4. By Application 15. South Asia & Oceania Market Analysis and Forecast 15.1. Introduction / Key Findings 15.2. Pricing Analysis 15.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 15.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 15.4.1. By Country 15.4.1.1. India 15.4.1.2. Thailand 15.4.1.3. Indonesia 15.4.1.4. Malaysia 15.4.1.5. Australia & New Zealand 15.4.1.6. Rest of South Asia & Oceania 15.4.2. By Manufacturing Process 15.4.3. By Primary Function 15.4.4. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Manufacturing Process 15.5.3. By Primary Function 16. Middle East & Africa Market Analysis and Forecast 16.1. Introduction / Key Findings 16.2. Pricing Analysis 16.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 16.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 16.4.1. By Country 16.4.1.1. GCC Countries 16.4.1.2. South Africa 16.4.1.3. Northern Africa 16.4.1.4. Turkiye 16.4.1.5. Rest of Middle East & Africa 16.4.2. By Manufacturing Process 16.4.3. By Primary Function 16.4.4. By Application 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Manufacturing Process 16.5.3. By Primary Function 16.5.4. By Application 17. Country-level Market Analysis and Forecast 17.1. Introduction / Key Findings 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. US Market Analysis 17.2.1. Value Proportion Analysis By Market Taxonomy 17.2.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.2.2.1. By Manufacturing Process 17.2.2.2. By Primary Function 17.3. Canada Market Analysis 17.3.1. Value Proportion Analysis By Market Taxonomy 17.3.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.3.2.1. By Manufacturing Process 17.3.2.2. By Primary Function 17.4. Brazil Market Analysis 17.4.1. Value Proportion Analysis By Market Taxonomy 17.4.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.4.2.1. By Manufacturing Process 17.4.2.2. By Primary Function 17.5. Mexico Market Analysis 17.5.1. Value Proportion Analysis By Market Taxonomy 17.5.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.5.2.1. By Manufacturing Process 17.5.2.2. By Primary Function 17.6. Argentina Market Analysis 17.6.1. Value Proportion Analysis By Market Taxonomy 17.6.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.6.2.1. By Manufacturing Process 17.6.2.2. By Primary Function 17.7. Germany Market Analysis 17.7.1. Value Proportion Analysis By Market Taxonomy 17.7.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.7.2.1. By Manufacturing Process 17.7.2.2. By Primary Function 17.8. France Market Analysis 17.8.1. Value Proportion Analysis By Market Taxonomy 17.8.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.8.2.1. By Manufacturing Process 17.8.2.2. By Primary Function 17.9. Italy Market Analysis 17.9.1. Value Proportion Analysis By Market Taxonomy 17.9.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.9.2.1. By Manufacturing Process 17.9.2.2. By Primary Function 17.10. Spain Market Analysis 17.10.1. Value Proportion Analysis By Market Taxonomy 17.10.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.10.2.1. By Manufacturing Process 17.10.2.2. By Primary Function 17.11. BENELUX Market Analysis 17.11.1. Value Proportion Analysis By Market Taxonomy 17.11.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.11.2.1. By Manufacturing Process 17.11.2.2. By Primary Function 17.12. NORDICS Market Analysis 17.12.1. Value Proportion Analysis By Market Taxonomy 17.12.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.12.2.1. By Manufacturing Process 17.12.2.2. By Primary Function 17.13. U.K. Market Analysis 17.13.1. Value Proportion Analysis By Market Taxonomy 17.13.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.13.2.1. By Manufacturing Process 17.13.2.2. By Primary Function 17.14. China Market Analysis 17.14.1. Value Proportion Analysis By Market Taxonomy 17.14.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.14.2.1. By Manufacturing Process 17.14.2.2. By Primary Function 17.15. Japan Market Analysis 17.15.1. Value Proportion Analysis By Market Taxonomy 17.15.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.15.2.1. By Manufacturing Process 17.15.2.2. By Primary Function 17.16. South Korea Market Analysis 17.16.1. Value Proportion Analysis By Market Taxonomy 17.16.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.16.2.1. By Manufacturing Process 17.16.2.2. By Primary Function 17.17. India Market Analysis 17.17.1. Value Proportion Analysis By Market Taxonomy 17.17.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.17.2.1. By Manufacturing Process 17.17.2.2. By Primary Function 17.18. ASEAN Countries Market Analysis 17.18.1. Value Proportion Analysis By Market Taxonomy 17.18.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.18.2.1. By Manufacturing Process 17.18.2.2. By Primary Function 17.19. Australia Market Analysis 17.19.1. Value Proportion Analysis By Market Taxonomy 17.19.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.19.2.1. By Manufacturing Process 17.19.2.2. By Primary Function 17.20. GCC Countries Market Analysis 17.20.1. Value Proportion Analysis By Market Taxonomy 17.20.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.20.2.1. By Manufacturing Process 17.20.2.2. By Primary Function 17.21. Turkiye Market Analysis 17.21.1. Value Proportion Analysis By Market Taxonomy 17.21.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.21.2.1. By Manufacturing Process 17.21.2.2. By Primary Function 17.22. South Africa Market Analysis 17.22.1. Value Proportion Analysis By Market Taxonomy 17.22.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033 17.22.2.1. By Manufacturing Process 17.22.2.2. By Primary Function 18. Market Structure Analysis 18.1. Market Analysis By Tier of Companies 18.2. Market Concentration of Players 18.3. Market Share Analysis of Top Players 18.4. Market Presence Analysis 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking of Products 19.3. Competition Deep Dive: 19.3.1. Avantor Performance Materials 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Key Financials 19.3.1.4. Sales Footprint 19.3.1.5. SWOT Analysis 19.3.1.6. Key Developments 19.3.1.7. Strategy Overview 19.3.2. Beantown Chemical Corporation 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Key Financials 19.3.2.4. Sales Footprint 19.3.2.5. SWOT Analysis 19.3.2.6. Key Developments 19.3.2.7. Strategy Overview 19.3.3. Columbus Chemical Industries Inc. 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Key Financials 19.3.3.4. Sales Footprint 19.3.3.5. SWOT Analysis 19.3.3.6. Key Developments 19.3.3.7. Strategy Overview 19.3.4. Cosmic Chemicals 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Key Financials 19.3.4.4. Sales Footprint 19.3.4.5. SWOT Analysis 19.3.4.6. Key Developments 19.3.4.7. Strategy Overview 19.3.5. GFS Chemicals Inc. 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Key Financials 19.3.5.4. Sales Footprint 19.3.5.5. SWOT Analysis 19.3.5.6. Key Developments 19.3.5.7. Strategy Overview 19.3.6. Ricca Chemical Company, LLC 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Key Financials 19.3.6.4. Sales Footprint 19.3.6.5. SWOT Analysis 19.3.6.6. Key Developments 19.3.6.7. Strategy Overview 19.3.7. Spectrum Chemical Manufacturing Corporation 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Key Financials 19.3.7.4. Sales Footprint 19.3.7.5. SWOT Analysis 19.3.7.6. Key Developments 19.3.7.7. Strategy Overview 19.3.8. William Blythe Ltd. 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Key Financials 19.3.8.4. Sales Footprint 19.3.8.5. SWOT Analysis 19.3.8.6. Key Developments 19.3.8.7. Strategy Overview 19.3.9. Other Prominent Market Players 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Key Financials 19.3.9.4. Sales Footprint 19.3.9.5. SWOT Analysis 19.3.9.6. Key Developments 19.3.9.7. Strategy Overview 20. Assumptions & Acronyms Used 21. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million), By Region, 2018-2022
Table 02. Global Market Value (US$ million) and Forecast By Region, 2023-2033
Table 03. Global Market Volume (Tons), By Region, 2018-2022
Table 04. Global Market Volume (Tons) and Forecast By Region, 2023-2033
Table 05. Global Market Value (US$ million), By Manufacturing Process, 2018-2022
Table 06. Global Market Value (US$ million) and Forecast By Manufacturing Process, 2023-2033
Table 07. Global Market Volume (Tons), By Manufacturing Process, 2018-2022
Table 08. Global Market Volume (Tons) and Forecast By Manufacturing Process, 2023-2033
Table 09. Global Market Value (US$ million), By Primary Function, 2018-2022
Table 10. Global Market Value (US$ million) and Forecast By Primary Function, 2023-2033
Table 11. Global Market Volume (Tons), By Primary Function, 2018-2022
Table 12. Global Market Volume (Tons) and Forecast By Primary Function, 2023-2033
Table 13. Global Market Value (US$ million), By Application, 2018-2022
Table 14. Global Market Value (US$ million) and Forecast By Application, 2023-2033
Table 15. Global Market Volume (Tons), By Application, 2018-2022
Table 16. Global Market Volume (Tons) and Forecast By Application, 2023-2033
Table 17. North America Market Value (US$ million), By Country, 2018-2022
Table 18. North America Market Value (US$ million) and Forecast By Country, 2023-2033
Table 19. North America Market Volume (Tons), By Country, 2018-2022
Table 20. North America Market Volume (Tons) and Forecast By Country, 2023-2033
Table 21. North America Market Value (US$ million), By Manufacturing Process, 2018-2022
Table 22. North America Market Value (US$ million) and Forecast By Manufacturing Process, 2023-2033
Table 23. North America Market Volume (Tons), By Manufacturing Process, 2018-2022
Table 24. North America Market Volume (Tons) and Forecast By Manufacturing Process, 2023-2033
Table 25. North America Market Value (US$ million), By Primary Function, 2018-2022
Table 26. North America Market Value (US$ million) and Forecast By Primary Function, 2023-2033
Table 27. North America Market Volume (Tons), By Primary Function, 2018-2022
Table 28. North America Market Volume (Tons) and Forecast By Primary Function, 2023-2033
Table 29. North America Market Value (US$ million), By Application, 2018-2022
Table 30. North America Market Value (US$ million) and Forecast By Application, 2023-2033
Table 31. North America Market Volume (Tons), By Application, 2018-2022
Table 32. North America Market Volume (Tons) and Forecast By Application, 2023-2033
Table 33. Latin America Market Value (US$ million), By Country, 2018-2022
Table 34. Latin America Market Value (US$ million) and Forecast By Country, 2023-2033
Table 35. Latin America Market Volume (Tons), By Country, 2018-2022
Table 36. Latin America Market Volume (Tons) and Forecast By Country, 2023-2033
Table 37. Latin America Market Value (US$ million), By Manufacturing Process, 2018-2022
Table 38. Latin America Market Value (US$ million) and Forecast By Manufacturing Process, 2023-2033
Table 39. Latin America Market Volume (Tons), By Manufacturing Process, 2018-2022
Table 40. Latin America Market Volume (Tons) and Forecast By Manufacturing Process, 2023-2033
Table 41. Latin America Market Value (US$ million), By Primary Function, 2018-2022
Table 42. Latin America Market Value (US$ million) and Forecast By Primary Function, 2023-2033
Table 43. Latin America Market Volume (Tons), By Primary Function, 2018-2022
Table 44. Latin America Market Volume (Tons) and Forecast By Primary Function, 2023-2033
Table 45. Latin America Market Value (US$ million), By Application, 2018-2022
Table 46. Latin America Market Value (US$ million) and Forecast By Application, 2023-2033
Table 47. Latin America Market Volume (Tons), By Application, 2018-2022
Table 48. Latin America Market Volume (Tons) and Forecast By Application, 2023-2033
Table 49. Europe Market Value (US$ million), By Country, 2018-2022
Table 50. Europe Market Value (US$ million) and Forecast By Country, 2023-2033
Table 51. Europe Market Volume (Tons), By Country, 2018-2022
Table 52. Europe Market Volume (Tons) and Forecast By Country, 2023-2033
Table 53. Europe Market Value (US$ million), By Manufacturing Process, 2018-2022
Table 54. Europe Market Value (US$ million) and Forecast By Manufacturing Process, 2023-2033
Table 55. Europe Market Volume (Tons), By Manufacturing Process, 2018-2022
Table 56. Europe Market Volume (Tons) and Forecast By Manufacturing Process, 2023-2033
Table 57. Europe Market Value (US$ million), By Primary Function, 2018-2022
Table 58. Europe Market Value (US$ million) and Forecast By Primary Function, 2023-2033
Table 59. Europe Market Volume (Tons), By Primary Function, 2018-2022
Table 60. Europe Market Volume (Tons) and Forecast By Primary Function, 2023-2033
Table 61. Europe Market Value (US$ million), By Application, 2018-2022
Table 62. Europe Market Value (US$ million) and Forecast By Application, 2023-2033
Table 63. Europe Market Volume (Tons), By Application, 2018-2022
Table 64. Europe Market Volume (Tons) and Forecast By Application, 2023-2033
Table 65. East Asia Market Value (US$ million), By Country, 2018-2022
Table 66. East Asia Market Value (US$ million) and Forecast By Country, 2023-2033
Table 67. East Asia Market Volume (Tons), By Country, 2018-2022
Table 68. East Asia Market Volume (Tons) and Forecast By Country, 2023-2033
Table 69. East Asia Market Value (US$ million), By Manufacturing Process, 2018-2022
Table 70. East Asia Market Value (US$ million) and Forecast By Manufacturing Process, 2023-2033
Table 71. East Asia Market Volume (Tons), By Manufacturing Process, 2018-2022
Table 72. East Asia Market Volume (Tons) and Forecast By Manufacturing Process, 2023-2033
Table 73. East Asia Market Value (US$ million), By Primary Function, 2018-2022
Table 74. East Asia Market Value (US$ million) and Forecast By Primary Function, 2023-2033
Table 75. East Asia Market Volume (Tons), By Primary Function, 2018-2022
Table 76. East Asia Market Volume (Tons) and Forecast By Primary Function, 2023-2033
Table 77. East Asia Market Value (US$ million), By Application, 2018-2022
Table 78. East Asia Market Value (US$ million) and Forecast By Application, 2023-2033
Table 79. East Asia Market Volume (Tons), By Application, 2018-2022
Table 80. East Asia Market Volume (Tons) and Forecast By Application, 2023-2033
Table 81. South Asia & Oceania Market Value (US$ million), By Country, 2018-2022
Table 82. South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023-2033
Table 83. South Asia & Oceania Market Volume (Tons), By Country, 2018-2022
Table 84. South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023-2033
Table 85. South Asia & Oceania Market Value (US$ million), By Manufacturing Process, 2018-2022
Table 86. South Asia & Oceania Market Value (US$ million) and Forecast By Manufacturing Process, 2023-2033
Table 87. South Asia & Oceania Market Volume (Tons), By Manufacturing Process, 2018-2022
Table 88. South Asia & Oceania Market Volume (Tons) and Forecast By Manufacturing Process, 2023-2033
Table 89. South Asia & Oceania Market Value (US$ million), By Primary Function, 2018-2022
Table 90. South Asia & Oceania Market Value (US$ million) and Forecast By Primary Function, 2023-2033
Table 91. South Asia & Oceania Market Volume (Tons), By Primary Function, 2018-2022
Table 92. South Asia & Oceania Market Volume (Tons) and Forecast By Primary Function, 2023-2033
Table 93. South Asia & Oceania Market Value (US$ million), By Application, 2018-2022
Table 94. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023-2033
Table 95. South Asia & Oceania Market Volume (Tons), By Application, 2018-2022
Table 96. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023-2033
Table 97. MEA Market Value (US$ million), By Country, 2018-2022
Table 98. MEA Market Value (US$ million) and Forecast By Country, 2023-2033
Table 99. MEA Market Volume (Tons), By Country, 2018-2022
Table 100. MEA Market Volume (Tons) and Forecast By Country, 2023-2033
Table 101. MEA Market Value (US$ million), By Manufacturing Process, 2018-2022
Table 102. MEA Market Value (US$ million) and Forecast By Manufacturing Process, 2023-2033
Table 103. MEA Market Volume (Tons), By Manufacturing Process, 2018-2022
Table 104. MEA Market Volume (Tons) and Forecast By Manufacturing Process, 2023-2033
Table 105. MEA Market Value (US$ million), By Primary Function, 2018-2022
Table 106. MEA Market Value (US$ million) and Forecast By Primary Function, 2023-2033
Table 107. MEA Market Volume (Tons), By Primary Function, 2018-2022
Table 108. MEA Market Volume (Tons) and Forecast By Primary Function, 2023-2033
Table 109. MEA Market Value (US$ million), By Application, 2018-2022
Table 110. MEA Market Value (US$ million) and Forecast By Application, 2023-2033
Table 111. MEA Market Volume (Tons), By Application, 2018-2022
Table 112. MEA Market Volume (Tons) and Forecast By Application, 2023-2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate By Region, 2023-2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Manufacturing Process, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Manufacturing Process, 2023-2033
Figure 07. Global Market Value (US$ million) and Volume (Tons) By Primary Function, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Primary Function, 2023-2033
Figure 09. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 10. Global Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 11. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 12. North America Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Country, 2023-2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Manufacturing Process, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Manufacturing Process, 2023-2033
Figure 17. North America Market Value (US$ million) and Volume (Tons) By Primary Function, 2023 & 2033
Figure 18. North America Market Y-o-Y Growth Rate By Primary Function, 2023-2033
Figure 19. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 20. North America Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 21. North America Market Attractiveness Analysis By Country, 2023-2033
Figure 22. North America Market Attractiveness Analysis By Manufacturing Process, 2023-2033
Figure 23. North America Market Attractiveness Analysis By Primary Function, 2023-2033
Figure 24. North America Market Attractiveness Analysis By Application, 2023-2033
Figure 25. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 26. Latin America Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 27. Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 28. Latin America Market Y-o-Y Growth Rate By Country, 2023-2033
Figure 29. Latin America Market Value (US$ million) and Volume (Tons) By Manufacturing Process, 2023 & 2033
Figure 30. Latin America Market Y-o-Y Growth Rate By Manufacturing Process, 2023-2033
Figure 31. Latin America Market Value (US$ million) and Volume (Tons) By Primary Function, 2023 & 2033
Figure 32. Latin America Market Y-o-Y Growth Rate By Primary Function, 2023-2033
Figure 33. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 34. Latin America Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 35. Latin America Market Attractiveness Analysis By Country, 2023-2033
Figure 36. Latin America Market Attractiveness Analysis By Manufacturing Process, 2023-2033
Figure 37. Latin America Market Attractiveness Analysis By Primary Function, 2023-2033
Figure 38. Latin America Market Attractiveness Analysis By Application, 2023-2033
Figure 39. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 40. Europe Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 41. Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 42. Europe Market Y-o-Y Growth Rate By Country, 2023-2033
Figure 43. Europe Market Value (US$ million) and Volume (Tons) By Manufacturing Process, 2023 & 2033
Figure 44. Europe Market Y-o-Y Growth Rate By Manufacturing Process, 2023-2033
Figure 45. Europe Market Value (US$ million) and Volume (Tons) By Primary Function, 2023 & 2033
Figure 46. Europe Market Y-o-Y Growth Rate By Primary Function, 2023-2033
Figure 47. Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 48. Europe Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 49. Europe Market Attractiveness Analysis By Country, 2023-2033
Figure 50. Europe Market Attractiveness Analysis By Manufacturing Process, 2023-2033
Figure 51. Europe Market Attractiveness Analysis By Primary Function, 2023-2033
Figure 52. Europe Market Attractiveness Analysis By Application, 2023-2033
Figure 53. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 54. East Asia Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 55. East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 56. East Asia Market Y-o-Y Growth Rate By Country, 2023-2033
Figure 57. East Asia Market Value (US$ million) and Volume (Tons) By Manufacturing Process, 2023 & 2033
Figure 58. East Asia Market Y-o-Y Growth Rate By Manufacturing Process, 2023-2033
Figure 59. East Asia Market Value (US$ million) and Volume (Tons) By Primary Function, 2023 & 2033
Figure 60. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 61. East Asia Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 62. East Asia Market Attractiveness Analysis By Country, 2023-2033
Figure 63. East Asia Market Attractiveness Analysis By Manufacturing Process, 2023-2033
Figure 64. East Asia Market Attractiveness Analysis By Primary Function, 2023-2033
Figure 65. East Asia Market Attractiveness Analysis By Application, 2023-2033
Figure 66. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 67. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 68. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 69. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023-2033
Figure 70. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Manufacturing Process, 2023 & 2033
Figure 71. South Asia & Oceania Market Y-o-Y Growth Rate By Manufacturing Process, 2023-2033
Figure 72. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Primary Function, 2023 & 2033
Figure 73. South Asia & Oceania Market Y-o-Y Growth Rate By Primary Function, 2023-2033
Figure 74. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 75. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 76. South Asia & Oceania Market Attractiveness Analysis By Country, 2023-2033
Figure 77. South Asia & Oceania Market Attractiveness Analysis By Manufacturing Process, 2023-2033
Figure 78. South Asia & Oceania Market Attractiveness Analysis By Primary Function, 2023-2033
Figure 79. South Asia & Oceania Market Attractiveness Analysis By Application, 2023-2033
Figure 80. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 81. MEA Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 82. MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 83. MEA Market Y-o-Y Growth Rate By Country, 2023-2033
Figure 84. MEA Market Value (US$ million) and Volume (Tons) By Manufacturing Process, 2023 & 2033
Figure 85. MEA Market Y-o-Y Growth Rate By Manufacturing Process, 2023-2033
Figure 86. MEA Market Value (US$ million) and Volume (Tons) By Primary Function, 2023 & 2033
Figure 87. MEA Market Y-o-Y Growth Rate By Primary Function, 2023-2033
Figure 88. MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 89. MEA Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 90. MEA Market Attractiveness Analysis By Country, 2023-2033
Figure 91. MEA Market Attractiveness Analysis By Manufacturing Process, 2023-2033
Figure 92. MEA Market Attractiveness Analysis By Primary Function, 2023-2033
Figure 93. MEA Market Attractiveness Analysis By Application, 2023-2033
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- FAQs -
What was the Global Magnesium Nitrate Hexahydrate Market Size in 2022?
The global magnesium nitrate hexahydrate market is valued at US$ 740.5 million in 2022.
How many shares do the Top Five Companies Hold in the Market?
Top five companies in magnesium nitrate hexahydrate account for 13.4% share of total revenue in the market.
How did the Global Magnesium Nitrate Hexahydrate Market Grow to Perform in the Last 5 Years?
The global magnesium nitrate hexahydrate market grew at a CAGR of 2.7% during 2018–2022.
What is the Projected Value for Global Magnesium Nitrate Hexahydrate Market in 2033?
The global magnesium nitrate hexahydrate market is projected to reach a valuation of US$ 1,152.0 million in 2033.
What is the Projected CAGR for Global Magnesium Nitrate Hexahydrate Market for the Period of 2023–2033?
The global magnesium nitrate hexahydrate market is projected to grow at a CAGR of 4.1% during the forecast period 2023-2033.
Magnesium Nitrate Hexahydrate Market