Market Of Magnesium Sulphate Is Expected To Rise With A Moderate CAGR Over The Long Term Forecast 2022-2032

Chemical & Materials

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 organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.

The report offers actionable and valuable market insights of Magnesium Sulphate. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Magnesium Sulphate Market across various industries and regions.

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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

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.

The company has purchased its production lines from Germany to meet the demand for magnesium sulfate. In addition, in 2019, the company expanded its production capacity of anhydrous magnesium sulphate at Wintershall site, Werra plant. Hence, such initiatives by the key players will continue to increase their footprint in the global magnesium sulphate market.

 

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