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Magnesium Carbonate Market is projected to grow at a CAGR of 4.1% within the forecast period of 2023-2030: Cognitive Market Research
Magnesium Carbonate Market is projected to grow at a CAGR of 4.1% within the period of 2023-2030: Cognitive Market Research
- Magnesium carbonate is an inorganic compound with the chemical formula MgCO₃. Magnesium carbonate is widely used in various industries and has several important applications. It is extensively in the manufacturing of substances that have the capacity to withstand high temperatures. This is present as a light, white, odorless powder that occurs naturally as the mineral magnesite.
The use of magnesium carbonate is an ingredient in the production of magnesium-based products. It is commonly used in the manufacturing of magnesium oxide (MgO), which finds applications in the production of refractory materials, ceramics, and cement. Magnesium carbonate is also utilized in the production of magnesium hydroxide, which has applications in medicine as an antacid and laxative.
Summary:
- As per Cognitive Market Research, Global Magnesium Carbonate market size was $386.7 Million in 2022. Magnesium Carbonate Industry's Compound Annual Growth Rate will be 4.1% from 2023 to 2030.
To know more about The Magnesium Carbonate Market Insights click here: https://www.cognitivemarketresearch.com/magnesium-carbonate-market-report
Magnesium Carbonate Market Dynamics:
• The increasing use of magnesium carbonate in personal care and cosmetics
Factors such as increasing consumer focus on personal grooming, the demand for oil-absorbing products, and the growing cosmetics market drive the demand for magnesium carbonate in this sector. The Cosmetic and personal product demand is gradually increasing across the globe, owing to the rising disposable income of customers, changing Consumer Preferences, and beauty standards, growing awareness about health and well-being, and others.
There has been a significant shift in consumer preferences and beauty standards, with an increasing emphasis on self-care, grooming, and personal appearance. Consumers are more conscious of their skincare, haircare, and overall well-being, leading to a greater demand for personal care and cosmetics products. For instance, in 2021, the United States exported $5.6B in Beauty Products to Canada, China, the UK, Hong Kong, and Australia. On the other hand, the United States imported $5.14B in Beauty Products in 2021.
• Expanding pharmaceutical sector will drive the magnesium carbonate market's growth
Magnesium Carbonate Market Segmentation:
Type:
• Light Magnesium Carbonate
• Heavy Magnesium Carbonate
Based on the type, the light magnesium carbonates segment is dominating the magnesium carbonate market during the forecast period. This is attributed to the increasing demand for light magnesium carbonates. Light magnesium carbonate has wide applications in various industries, which are mainly used in the pharmaceutical, personal care, and cosmetics, plastic, rubber industries. Additionally, it is also used during the production of ceramics, glass, and fertilizers
End Use Industry:
• Personal Care and Cosmetics
• Food and Beverage
• Pharmaceutical
• Plastic
• Rubber
• Others
Competitive Analysis for Magnesium Carbonate Market: Graymont Ltd, Shinko Kogyo, Speciality Minerals Inc., Omya Group, SCR- Sibelco N.V., Naikai Salt Industries Co.Ltd, Lehmann&Voss&Co, Nuova Sima Srl, Celtic Chemicals Ltd, Konoshima Chemical Co.Ltd, Buschle & Lepper S. A.
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Regional Analysis:
- Based on region, Asia Pacific is dominating the magnesium carbonate market in terms of revenue market share throughout the forecast period. This is due to the presence of several key players in the magnesium carbonate in this region. These include the presence of large magnesite reserves in countries like China, North Korea, and Russia, as well as the growing demand for magnesium carbonate in industries such as pharmaceutical, plastic, and rubber in the region.
Company Profile
Lehmann&Voss&Co.
Lehmann&Voss&Co. is a German-based company with a diverse range of business segments. Lehmann&Voss&Co. is involved in the production and distribution of specialty chemicals. They offer a wide range of chemical products, including additives, fillers, pigments, resins, and more. These chemicals find applications in various industries such as coatings, adhesives, plastics, rubber, and lubricants.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Magnesium Carbonate Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Magnesium Carbonate Market Segmentation
1.5.1 Magnesium Carbonate Market Regional Fragmentation
1.5.1 Magnesium Carbonate Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Magnesium Carbonate Market
Chapter 4 Global Magnesium Carbonate Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Magnesium Carbonate Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Magnesium Carbonate Market by End Use Industry Segmentation Analysis (2018-2030)
Chapter 11 Global Magnesium Carbonate Market Regional Analysis
Chapter 12 North America Magnesium Carbonate Market Outlook (2018 - 2030)
Chapter 13 Europe Magnesium Carbonate Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Magnesium Carbonate Market Outlook (2018 - 2030)
Chapter 15 Latin America Magnesium Carbonate Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Magnesium Carbonate Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Magnesium Carbonate Market TOC click here: https://www.cognitivemarketresearch.com/magnesium-carbonate-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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