Press release
Market Of Magnesium Sulphate Is Expected To Rise With A Moderate CAGR By 2027
The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Magnesium Sulphate industry suffered a huge setback due to halted production and a limited supply of raw materials.
With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.
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Magnesium Sulphate Market Segmentation
Fact.MR has studied the magnesium sulphate market with detailed segmentation on the basis of product, application and key regions.
Product
Heptahydrate
Anhydrous
Monohydrate
Application
Agriculture
Food & Feed additives
Pharmaceuticals & Personal Care
Chemicals
Pulp & Paper
Others
Region
North America
Latin America
Europe
East Asia
South Asia
Middle East & Africa
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Infrastructure Expansion in the U.S. is Fueling Demand for Magnesium Sulphate
The Magnesium Sulphate chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.
However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Magnesium Sulphate chemical industry are gearing up to retain the industry's post-pandemic status.
Rising demand for Magnesium Sulphate dispersants from the construction and oil & gas industry is driving the Magnesium Sulphate chemical industry in the U.S. Magnesium Sulphate dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.
Increasing housing infrastructure projects are propelling Magnesium Sulphate dispersant sales, thus augmenting the growth of the Magnesium Sulphate chemical industry. The presence of leading players in the country is also driving sales and export in the Magnesium Sulphate chemical industry.
Key Players Targeting Capacity Expansion to Strengthen Their Hold in the Global Magnesium Sulphate Market
The global magnesium sulphate market consists of well-diversified global and regional players with global manufacturers capturing only 30% of the global market.
The prominent players of magnesium sulphate market include Giles Chemical, Jiangsu Kolod Food Ingredients Co., Ltd., K+S Group, Laizhou City Laiyu Chemical Co. Ltd., Mani Agro Chem Pvt. Ltd., PQ Corporation, Mag Products India Private Limited (MPIPL) and others. These key players are adopting various strategies such as capacity expansion, product launches, mergers & acquisitions, joint ventures etc. to strengthen their hold within the global magnesium sulphate market.
Production capacity expansion along with technology upgrades have been identified as the prime strategies adopted by these players in the global magnesium sulphate market. For instance, Weifang Huakang Magnesium Sulphate Co., Ltd. is gradually increasing its magnesium sulfate production capacity from 20,000 tons/annum to 50,000 tons/annum
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U.K is Capitalizing on Magnesium Sulphate Binders for Sustainable Construction Activities
The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Magnesium Sulphate chemical industry.
In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Magnesium Sulphate chemical industry are striving to achieve the pre-pandemic status by opting for various Magnesium Sulphate and inHigh Purity Quartz Sand growth strategies.
In the U.K, the growth of the Magnesium Sulphate industry can be attributed to the surging demand for Magnesium Sulphate binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Magnesium Sulphate binders are key factors leading the sales and demand.
Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Magnesium Sulphate binders, thus creating lucrative opportunities for several players operating in the Magnesium Sulphate chemical industry in the upcoming decade.
China is Incorporating Magnesium Sulphate Pigments in Textiles and Visual Arts
The global hub for the Magnesium Sulphate chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.
China is a lucrative ground for the Magnesium Sulphate industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Magnesium Sulphate pigments is also gaining immense traction in China.
Magnesium Sulphate pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Magnesium Sulphate pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Magnesium Sulphate industry.
Additionally, the wide range of unique shades available in Magnesium Sulphate pigments makes them a preferred choice for visual arts as well. The consumption of Magnesium Sulphate pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Magnesium Sulphate pigments and creating lucrative opportunities for players operating in the Magnesium Sulphate industry.
India Will Showcase High Demand for Speciality Magnesium Sulphate
India is emerging as a lucrative market for the Magnesium Sulphate chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.
The Magnesium Sulphate industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.
Leading players operating in the Magnesium Sulphate industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.
The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Magnesium Sulphate and will continue augmenting the growth of the Magnesium Sulphate chemical industry.
Key Long-Term Trends
The global Magnesium Sulphate industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Magnesium Sulphate industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:
Chemoinformatic
The Magnesium Sulphate industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Magnesium Sulphate chemical products.
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