Bharat Book Bureau Provides the Trending Market Research Report on “Global Magnesium Sulphate Market, Forecast to 2023” under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence, and their future prospects.
Magnesium Sulphate or Epsom salt is a mixture of sulphur, oxygen, and magnesium. It is found naturally and is essential for various biological components such as nerves and muscles. Synthetically it is manufactured by the reaction of magnesium, sulphuric acid, and oxides. It shows tremendous affinity towards water which opens new avenues for their utilization in the manufacturing of many personal care products. Furthermore, it possess properties such as high water absorbance and superior inflammation resistance, which make it useful as a flavoring enhancer in many food applications. It is widely used as a food additive, fertilizer, in medical & personal care, as an industrial chemical, and other owing to their excellent properties.
According to Market Research Future Analysis, cumulatively, the global magnesium sulphate market was valued at USD 889 million in 2016 and is estimated to reach USD 1274.0 million by 2023 expanding at a CAGR of 5.39% during the forecast period. According to type segment, Heptahydrate (Epsom salt) was the most promising segment, accounting for the largest global share of around two-third of the total market share due to tremendous fertilizers in the agriculture sector. Increasing population along with the rising demand for good quality crop production has raised the consumption of good quality fertilizer which in turn is estimated to drive the growth of the market over the estimated period.
Request a free sample copy of Magnesium Sulphate Market Report @ https://www.bharatbook.com/request-sample/1000266
Magnesium sulphate is widely used in drugs for the treatment of seizers associated with eclampsia. Moreover, increasing awareness regarding the benefits associated with magnesium sulphate along with the continuous growth of pharmaceutical and healthcare sector across the globe, is estimated to drive the growth of the market during the review period. However, side effects of the overdosage of magnesium sulphate based medicines is the only factor that is considered to limit the growth of the market. Moreover, rising innovation and technological advancement in the medical & healthcare sector has presented a lucrative opportunity for the market growth. Regionally, Asia Pacific has emerged as the dominant region and holds the maximum market share, in terms of both value and volume. In Asia Pacific, China has emerged as the leading market and Japan as well as India is projected to be the fastest growing market for magnesium sulphate on account of rapid urbanization and continuous growth of various end-use industries.
FIGURE 1 GLOBAL MAGNESIUM SULPHATE MARKET, BY APPLICATION, 2016 (%)
Sources: MRFR analysis
Regional Analysis
The global magnesium sulphate market is spanned over Asia Pacific, Europe, North America, the Middle East, and Latin America. Among them, the Asia Pacific region is estimated to be the leading market share and expected to hold around 41% of the total market share followed by Europe and North America. The demand for magnesium sulphate is estimated to surge in numerous countries of Asia Pacific such as China, Japan, India, Indonesia, and Rest of Asia Pacific on account of the continuous growth of agriculture and industrial sector. As of 2016, China is predicted to dominate the regional market share with a value of around USD 197.8 million and is estimated to retain its dominance over the forecast period with a healthy CAGR of 6.93%. Furthermore, Malaysia and Indonesia are among the leading importers in this region due to a wide utilization of magnesium sulphate in personal care and agriculture industries. Some of the protuberant factors attributed to the regional magnesium sulphate market growth are the continuous growth of the agricultural industry, increasing per capita disposable income, inexpensive labor & land cost, minimal regulatory norms, and continuous shift of production facilities from matured markets to the emerging economies of Asia Pacific.
Asia Pacific is followed by Europe which is further trailed by North America in terms of market share. Germany, Belgium, and Russia are among the key contributors in the regional market growth due to increasing production activities in this region. In North America, the U.S. and Canada are expected to hold a major share in the regional market due to improved lifestyle coupled with growing consumption of personal care products in this region. Developing countries of Latin America and the Middle East and Africa is estimated to witness healthy growth owing to increasing consumer base for personal care sector along with the growth of local pharmaceutical companies.
Segmentation
The magnesium sulfate market is segmented based on type, form, application, and region. Based on type, the market is categorized into heptahydrate (Epsom salt), anhydrous magnesium sulphate, monohydrate magnesium sulphate, others. Based on form, the market is classified into crystal, powder, and granules. Based on application, magnesium sulphate market is classified into fertilizer, medical & personal care, food additive, industrial, chemical, and others. Based on region, the global market has been spanned across Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa
Key Players
Some of the prominent players operating in the global Magnesium Sulphate market are K+S KALI GmbH (Germany), PQ CORP (Pennsylvania), Umai Chemical Co.,Ltd (Japan), Giles Chemical (U.S.), Morton Salt, Inc (U.S.), Mani Agro Chem (India), San Francisco Salt Company (U.S.), Balaji Industries Group Ltd. (India), and others
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https://www.bharatbook.com/materials-chemicals-market-research-reports-1000266/magnesium-sulphate-global.html
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Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
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Magnesium Sulphate or Epsom salt is a mixture of sulphur, oxygen, and magnesium. It is found naturally and is essential for various biological components such as nerves and muscles. Synthetically it is manufactured by the reaction of magnesium, sulphuric acid, and oxides. It shows tremendous affinity towards water which opens new avenues for their utilization in the manufacturing of many personal care products. Furthermore, it possess properties such as high water absorbance and superior inflammation resistance, which make it useful as a flavoring enhancer in many food applications. It is widely used as a food additive, fertilizer, in medical & personal care, as an industrial chemical, and other owing to their excellent properties.
According to Market Research Future Analysis, cumulatively, the global magnesium sulphate market was valued at USD 889 million in 2016 and is estimated to reach USD 1274.0 million by 2023 expanding at a CAGR of 5.39% during the forecast period. According to type segment, Heptahydrate (Epsom salt) was the most promising segment, accounting for the largest global share of around two-third of the total market share due to tremendous fertilizers in the agriculture sector. Increasing population along with the rising demand for good quality crop production has raised the consumption of good quality fertilizer which in turn is estimated to drive the growth of the market over the estimated period.
Request a free sample copy of Magnesium Sulphate Market Report @ https://www.bharatbook.com/request-sample/1000266
Magnesium sulphate is widely used in drugs for the treatment of seizers associated with eclampsia. Moreover, increasing awareness regarding the benefits associated with magnesium sulphate along with the continuous growth of pharmaceutical and healthcare sector across the globe, is estimated to drive the growth of the market during the review period. However, side effects of the overdosage of magnesium sulphate based medicines is the only factor that is considered to limit the growth of the market. Moreover, rising innovation and technological advancement in the medical & healthcare sector has presented a lucrative opportunity for the market growth. Regionally, Asia Pacific has emerged as the dominant region and holds the maximum market share, in terms of both value and volume. In Asia Pacific, China has emerged as the leading market and Japan as well as India is projected to be the fastest growing market for magnesium sulphate on account of rapid urbanization and continuous growth of various end-use industries.
FIGURE 1 GLOBAL MAGNESIUM SULPHATE MARKET, BY APPLICATION, 2016 (%)
Sources: MRFR analysis
Regional Analysis
The global magnesium sulphate market is spanned over Asia Pacific, Europe, North America, the Middle East, and Latin America. Among them, the Asia Pacific region is estimated to be the leading market share and expected to hold around 41% of the total market share followed by Europe and North America. The demand for magnesium sulphate is estimated to surge in numerous countries of Asia Pacific such as China, Japan, India, Indonesia, and Rest of Asia Pacific on account of the continuous growth of agriculture and industrial sector. As of 2016, China is predicted to dominate the regional market share with a value of around USD 197.8 million and is estimated to retain its dominance over the forecast period with a healthy CAGR of 6.93%. Furthermore, Malaysia and Indonesia are among the leading importers in this region due to a wide utilization of magnesium sulphate in personal care and agriculture industries. Some of the protuberant factors attributed to the regional magnesium sulphate market growth are the continuous growth of the agricultural industry, increasing per capita disposable income, inexpensive labor & land cost, minimal regulatory norms, and continuous shift of production facilities from matured markets to the emerging economies of Asia Pacific.
Asia Pacific is followed by Europe which is further trailed by North America in terms of market share. Germany, Belgium, and Russia are among the key contributors in the regional market growth due to increasing production activities in this region. In North America, the U.S. and Canada are expected to hold a major share in the regional market due to improved lifestyle coupled with growing consumption of personal care products in this region. Developing countries of Latin America and the Middle East and Africa is estimated to witness healthy growth owing to increasing consumer base for personal care sector along with the growth of local pharmaceutical companies.
Segmentation
The magnesium sulfate market is segmented based on type, form, application, and region. Based on type, the market is categorized into heptahydrate (Epsom salt), anhydrous magnesium sulphate, monohydrate magnesium sulphate, others. Based on form, the market is classified into crystal, powder, and granules. Based on application, magnesium sulphate market is classified into fertilizer, medical & personal care, food additive, industrial, chemical, and others. Based on region, the global market has been spanned across Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa
Key Players
Some of the prominent players operating in the global Magnesium Sulphate market are K+S KALI GmbH (Germany), PQ CORP (Pennsylvania), Umai Chemical Co.,Ltd (Japan), Giles Chemical (U.S.), Morton Salt, Inc (U.S.), Mani Agro Chem (India), San Francisco Salt Company (U.S.), Balaji Industries Group Ltd. (India), and others
Click the link below to read the Full report :
https://www.bharatbook.com/materials-chemicals-market-research-reports-1000266/magnesium-sulphate-global.html
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
Follow us on : Twitter, Facebook, LinkedIn, Google Plus
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