Magnesium Sulfate Market Revenue Research Report 2021 Global Demand And Forecasts To 2028

The Magnesium Sulfate Market is projected to register a CAGR of over 5.50% to reach USD 1334.6 million by the end of 2028.

Market Synopsis

According to Market Research Future (MRFR), the global magnesium sulfate market is anticipated to acquire the market value of USD 1,334.6 million, expanding at a CAGR of 5.50% by 2028.

Get a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2282

The increasing food demand owing to the growing population is likely to surge the adoption of magnesium sulfate fertilizers which can drive the magnesium sulfate market 2020. Furthermore, the extensive application of magnesium sulfate in pesticides to correct magnesium or sulfur deficiency in soil is anticipated to enhance the demand for product in agricultural sector and augment the market in the review period. Besides, the usage of magnesium sulfate as nutrient supplements, flavor enhancers, and firming agents are expected to boost the demand for the same and grow the market.

On the contrary, allergic reaction cases caused due to magnesium sulfate can hamper the market growth during the forecast period. However, the growing application of magnesium sulfate in the healthcare sector due to its cost-effectiveness and safe treatment along with prior stated factors, can counter the impeding causes and aid in market growth.

Market Segmentation

The segmental analysis of the global Magnesium sulfate Market Revenue is done by distribution channel, type, product type, grade, and application.

The distribution channel based segments of the global magnesium sulfate market are online and offline.

The type-based segments of the global magnesium sulfate market are anhydrous (Calcined Kieserite), comprises types heptahydrate (Epsom Salt) and monohydrate (Kieserite).

The product type-channel-based segments of the global magnesium sulfate market are solid crystal, powder, and liquid.

The grade-based segments of the global magnesium sulfate market are magnesium sulfate anhydrous (calcined kieserite), kieserite (magnesium sulfate monohydrate), Epsom salt (magnesium sulfate heptahydrate).

The application-based segments of the global magnesium sulfate market are food additives pharmaceuticals, agriculture, chemical industrial uses (Pulp Paper Industry), and others.

Regional Analysis

On the basis of region, the global magnesium sulfate market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

As per the analysis, the global market is projected to be dominated by the APAC region, with the highest CAGR during the forecast period. The increasing demand for fertilizers from emerging economies like India, China, and Japan is likely to drive the regional market. Furthermore, the support provided by the government to develop agriculture and pharmaceutical sector can augment the regional market.

Europe is expected to acquire the second-largest market during the forecast period owing to the increasing demand of magnesium sulfate in agriculture, healthcare, and pharmaceuticals. Germany is anticipated to be a significant contributor to expanding the regional market during the review period.

North America is expected to acquire significant market value during the forecast period owing to the growing demand for magnesium sulfate in the agriculture and pharmaceutical sectors. Furthermore, the significant participation of the US and Canada in surging the demand for the product is expected to enhance the regional market growth.

The MEA region is likely to acquire the least market share during the forecast period owing to the lack of awareness and underdeveloped economies. However, the region comprises of various untapped opportunities that can grow the regional market.

Browse Full Report @ https://www.marketresearchfuture.com/reports/magnesium-sulphate-market-2282

Key Players

Some prominent players of the global magnesium sulfate market are Laizhou Guangcheng Chemical Co. Ltd (China), PQ Corporation (US), K+S KALI GmbH (Germany), Nafine Chemical Industry Group Co. Ltd (China), Giles Chemical (US), UMAI CHEMICAL CO., Ltd (Japan), Morton Salt, Inc (US), Acuro Organics Limited (India), Mani Agro Chem Pvt Ltd (India), Balaji Industries (India), among others.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: [email protected]

 


Ram Vasekar

59 Blog posts

Comments