Magnesium Chloride Market
Magnesium Chloride Market Study by Anhydrous and Hexahydrate Magnesium Chloride for Metallurgy, Building Material, Food & Feed, Chemicals & Derivatives, Pharmaceuticals, and Others from 2024 to 2034
Analysis of Magnesium Chloride Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Magnesium Chloride Market Outlook (2024 to 2034)
The global magnesium chloride market is set to reach a valuation of US$ 1.65 billion in 2024, as revealed in a recently updated Fact.MR industry report. Worldwide sales of magnesium chloride are analyzed to rise at 6.3% CAGR and reach US$ 3.05 billion by the end of 2034. Increasing use of magnesium chloride in construction materials, especially in the manufacturing of building materials and fire-resistant materials is contributing to its rising demand.
More companies around the world have become aware of the benefits of magnesium chloride, including comparatively low environmental impacts, effectiveness, cost-efficiency, etc. This component possesses the quality of deicing ice at a faster pace than rock salt because of its advanced chemical properties. This is anticipated to lead to the growing use of magnesium chloride in countries with lower temperatures where ice formation occurs generally on the surface of roads and vehicles. It is utilized to defrost and remove this ice to avoid accidents.
Several forms of magnesium chloride are present globally paving the way for use in residential and commercial sectors. Further, the increasing use of this component in the pharmaceutical sector as a supplement among patients with various heart issues, including heart arrhythmias, heart attacks, etc., is contributing to the magnesium chloride market growth. Moreover, magnesium chloride is also utilized due to its low stability as it further helps in maintaining the pH level of the human body.
Increasing use of magnesium chloride as one of the prominent ingredients in the food processing industry is attributed to its coagulant properties. Furthermore, it also finds applications in the preparation of conventional food, including, soy, tofu, etc., and baby formula milk. Therefore, its rising use in the food processing industry is estimated to contribute to the expanding magnesium chloride market size going forward.
- Global sales of anhydrous magnesium chloride are projected to climb at a CAGR of 6.4% and reach US$ 1.68 billion by 2034.
- North America is evaluated to account for 26.1% of the global magnesium chloride market share by the end of 2034.
- Demand for magnesium chloride in Japan is forecasted to increase at a CAGR of 5.4% from 2024 to 2034.
| Report Attribute | Detail |
|---|---|
| Magnesium Chloride Market Size (2024E) | US$ 1.65 Billion |
| Forecasted Market Value (2034F) | US$ 3.05 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.3% CAGR |
| Market Share of Pharmaceutical Grade Magnesium Chloride (2034F) | 59% |
| East Asia Market Share (2034F) | 27.4% |
| South Korea Market Growth Rate (2024 to 2034) | 8% CAGR |
| Key Companies Profiled | Compass Minerals International, Inc.; Celtic Chemicals Ltd.; K+S Aktiengesellschaft; Antera Agro Chem; Alkim; Skyline Chemical Corporation; Israel Chemical Ltd.; Cargill; Intrepid Potash, Inc.; Nedmag B.V. |
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Which Magnesium Chloride Market Trends are Positively Influencing its Sales?
“Rising Popularity of Magnesium Chloride Brine in Oil & Gas Industry”
In recent years, the oil & gas industry has been experiencing significant growth. The development of various abundant modern resources of natural gas & oil is estimated to create opportunities for respective manufacturers, therefore leading to increased consumption of magnesium chloride. It is utilized in rinsing and drilling oil wells for the removal of debris and dust during the mining procedure. Magnesium chloride brine facilitates the recovery of oil from workover, generally addressed as oil-based mud. Growing oil & gas extraction is stimulating demand for magnesium chloride, which is working as a significant catalyst.
“Increasing Magnesium Chloride Requirement for Use in Clinical Reagents & Topical Drugs”
Expansion of the pharmaceutical industry is estimated to lead to the rising development of magnesium chloride used in the formation of clinical reagents and topical drugs. Anhydrous magnesium chloride is utilized as a pharmaceutic necessity and electrolyte replenisher for peritoneal dialysis and hemodialysis fluids. In addition, this chemical possesses more antimicrobial properties compared to potassium chloride and sodium chloride. This is estimated to result in the rising use of magnesium chloride in the manufacturing of cleansers and antimicrobial gels.
What are the Hindrances to Growing Consumption of Magnesium Chloride?
“Adverse Impacts of Magnesium Chloride on Ecosystem”
Magnesium chloride is comparatively more environment friendly than some alternative agents used in de-icing. However, there are certain adverse impacts of magnesium chloride on ecosystems, especially vegetation and water bodies. The implementation of stringent environmental regulations along with the scrutiny of the consumption of chemical compounds in multiple applications is expected to limit magnesium chloride demand.
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What are the Opportunities Available for Startups in This Business Space?
“Sustainable Environmental Practices the Way Ahead”
Startups are expected to emphasize eco-friendly production methods and sustainable sourcing practices to minimize adverse environmental impacts. Constant technological advancements lead to innovations in product formulations, which are contributing to the development of specialized magnesium chloride for multiple applications.
Country-wise Insights
East Asia is approximated to possess 27.4% of the global market share by the end of 2034, as revealed in the recently updated report by Fact.MR, a market research and competitive intelligence provider. Infrastructure development in some regional countries, including China, etc., is contributing to the growing demand for magnesium chloride as one of the prominent construction materials, especially for manufacturing cement additives and fire-resistant materials. Moreover, the rising demand for automobiles is leading to automotive sector growth, which generates magnesium chloride demand as a deicing agent for highways and roads.
How is the Market for Magnesium Chloride Shaping Up in the United States?
“Increasing Use of Magnesium Chloride in Pharmaceuticals and Deicing”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 242.4 Million |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 442.5 Million |
The United States is forecasted to account for a share of 55.6% of North American market revenue by 2034. Growing demand for magnesium chloride from the pharmaceutical and de-icing sectors is generating remunerative opportunities for market players. High road congestion because of ice on the rails and roads is stimulating demand for magnesium chloride as one of the prominent de-icing agents leaving no residue. In the pharmaceutical industry, magnesium chloride is used in medical drug production. Some doctors prescribe it in the form of tablets for curing magnesium deficiency.
Why is China a Focal Point for Manufacturers of Magnesium Chloride?
“Easy Availability of Production Facilities and Raw Materials Required for Magnesium Chloride Manufacturing”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 259 Million |
| Growth Rate (2024 to 2034) | 6.3% CAGR |
| Projected Value (2034F) | US$ 478.8 Million |
China is calculated to occupy 57.3% share of the East Asian market by 2034-end. Development in the pharmaceutical and industrial sectors in the country is driving sales of magnesium chloride for its chemical properties. Easy availability of required raw materials along with production facilities, an increase in the production of magnesium chloride is experienced in China.
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Category-wise Insights
Recently updated study by Fact.MR asserts that there are growing requirements for anhydrous magnesium chloride in multiple industries. Chemical manufacturing, construction, oil & gas, etc., are some prominent industries driving demand for magnesium chloride for its ability to prevent any sort of formation damage.
Why is Anhydrous Magnesium Chloride Grabbing the Attention of End Users?
“Growing Consumption of Anhydrous Magnesium Chloride for Preventing Formation Damage”
| Attribute | Anhydrous Magnesium Chloride |
|---|---|
| Segment Value (2024E) | US$ 907.1 Million |
| Growth Rate (2024 to 2034) | 6.4% CAGR |
| Projected Value (2034F) | US$ 1.68 Billion |
Anhydrous magnesium chloride is approximated to capture 55.1% share of the global market by the end of 2034. The prominence of this magnesium chloride type is attributed to its increased use in various industries, including construction, oil & gas, chemical manufacturing, etc. Magnesium chloride brine is utilized as a component in drilling mud or fluids. It assists in controlling the density and viscosity of the mud, thus preventing blowouts and facilitating the process of drilling.
Why is Pharmaceutical Grade Magnesium Chloride Extensively Used?
“Growing Consumption of Magnesium Chloride Supplements Matching Requirements of Human Body”
| Attribute | Pharmaceutical Grade |
|---|---|
| Segment Value (2024E) | US$ 1.01 Billion |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 1.8 Billion |
Pharmaceutical grade magnesium chloride is evaluated to hold a share of 59% of global market revenue by 2034-end. It is consumed as a supplement to meet the magnesium requirement of the human body, as it plays a significant role in various physiological procedures. Furthermore, magnesium chloride also finds application in medical treatments, including injections for certain conditions, such as pre-eclampsia and eclampsia during pregnancy.
Competitive Landscape
Key players in the magnesium chloride market are investing in R&D activities to increase the manufacturing and purification procedure, and thus increase profit share. They are constantly putting efforts into new product development, offering quality products, and management of supply chains.
- Compass Minerals, in February 2022, announced the expansion of its production of magnesium chloride at its facility at Salt Lake, Utah. The company is one of the leading manufacturers of salt and specialty mineral products.
Fact.MR provides detailed information about the price points of key manufacturers of magnesium chloride positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Segmentation of Magnesium Chloride Market Research
-
By Type :
- Anhydrous Magnesium Chloride
- Hexahydrate Magnesium Chloride
-
By Form :
- Liquid
- Solid
-
By Grade :
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
-
By Application :
- Metallurgy
- Building Material
- Food & Feed
- Chemicals & Derivatives
- Pharmaceuticals
- Water Treatment
- Oil & Gas
- De-icing Applications
- Fire Retarding Agents
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Grade
- 6.2. Type
- 6.3. Form
- 6.4. Application
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Grade
- 7.1. Industrial Grade
- 7.2. Food Grade
- 7.3. Pharmaceutical Grade
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type
- 8.1. Anhydrous Magnesium Chloride
- 8.2. Hexahydrate Magnesium Chloride
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Form
- 9.1. Liquid
- 9.2. Solid
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
- 10.1. Metallurgy
- 10.2. Building Material
- 10.3. Food & Feed
- 10.4. Chemicals & Derivatives
- 10.5. Pharmaceuticals
- 10.6. Water Treatment
- 10.7. Oil & Gas
- 10.8. De-icing Applications
- 10.9. Fire Retarding Agents
- 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. Middle East & Africa
- 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 19. Sales Forecast 2024 to 2034 by Grade, Type, Form, Application, and Region for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Compass Minerals International, Inc.
- 21.2. Celtic Chemicals Ltd.
- 21.3. K+S Aktiengesellschaft
- 21.4. Antera Agro Chem
- 21.5. Alkim
- 21.6. Skyline Chemical Corporation
- 21.7. Israel Chemical Ltd.
- 21.8. Cargill
- 21.9. Intrepid Potash, Inc.
- 21.10. Nedmag B.V.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Form, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Form, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Form, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Form, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Form, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Form, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Form, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Form, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Form, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Form, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Form, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Form, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Form, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Form, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Form, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Form, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
How big is the magnesium chloride market in 2024?
The global magnesium chloride market is anticipated to reach US$ 1.65 billion in 2024.
What is the sales projection for magnesium chloride for 2034?
Global demand for magnesium chloride is forecasted to reach a market value of US$ 3.05 billion by 2034.
At what CAGR is the demand for magnesium chloride expected to increase?
The global market is projected to advance at a CAGR of 6.3% from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is evaluated to account for 27.4% share of global market revenue by 2034.
How fast is the market projected to expand in South?
Sales of magnesium chloride in South Korea are projected to rise at 8% CAGR from 2024 to 2034.
How much share of the global market is anhydrous magnesium chloride calculated to hold?
Anhydrous magnesium chloride is approximated to capture 55.1% share of the global market by 2034.
Name the leading manufacturers of magnesium chloride.
Prominent suppliers of magnesium chloride are Alkim, Skyline Chemical Corporation, Israel Chemical Ltd., Cargill, and Intrepid Potash, Inc.
Magnesium Chloride Market