Market Overview:
The global high purity magnesium chloride market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for magnesium chloride from various end-use industries, such as metallurgy, chemical industry, building materials, food and transportation industry. In addition, the growing demand for high purity magnesium chloride in emerging economies is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing magnesium chloride may restrain the growth of this market during the forecast period. On basis of type, anhydrous magnesium chloride accounted for a major share of the global high purity magnesium chloride market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to its properties such as low moisture content and good thermal stability that make it suitable for use across various end-use industries. Hexahydrate Magnesium Chloride was second largest type segment by volume share in 2017 and is projected to grow at highest CAGR over next decade owing rising application potentials across diverse industrial verticals including but not limited thereto; pulp & paper production processes; water conditioning treatments etcetera.
Product Definition:
High Purity Magnesium Chloride is an inorganic compound with the formula MgCl2. It is a white solid that is soluble in water. High purity magnesium chloride has many uses, including as a flux in metallurgy, as a coagulant agent, and as an additive to drilling fluids. In addition, it can be used for de-icing and dust control on roads.
Anhydrous Magnesium Chloride:
Anhydrous magnesium chloride is a white crystalline compound and has no taste or odor. It is insoluble in water, alcohol, and ether but dissolves in chloroform and glacial acetic acid. Anhydrous magnesium chloride can be produced by the thermal decomposition of anhydrous MgCl2 or by evaporating dry MgCl2 under vacuum at 100°C for 4 hours.
Hexahydrate Magnesium Chloride:
Hexahydrate magnesium chloride is a type of high purity magnesium chloride which has six hydroxyl groups (OH) attached to it. It is also known as 6-0- hexahydrate or sometimes written as Mg(ClO6)2. Hexahydrate form of magnesium chloride has formula Mg(ClO6)2x3+x4, where x represents an integer from 2 to 4.
Application Insights:
The metallurgy segment dominated the global market in terms of revenue share in 2017. The product is widely used for various applications including anode rod material, refractory material, and raw material for the production of high purity metal magnesium. In addition, it is also used as a protective masking agent during the refining process of aluminum metal.
High purity magnesium chloride is primarily consumed by metallurgical industries across various regions as it provides better protection to steel surfaces from corrosion compared to regular chloride based on its higher dielectric strength and lower conductivity property. It has wide application scope in manufacturing tools & equipment used in mining & construction activities owing to its superior properties such as high strength and good machinability along with low wear rate over other metals like aluminum or steel when compared at normal temperature range (about 0°C).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to major magnesium-producing countries such as China, India, Japan, and Australia. Asia Pacific has witnessed a significant rise in industrial production owing to increasing demand from various industries including metallurgy, chemical industry, building materials etc.
China was one of the largest producers of high purity magnesium chloride with an annual production capacity exceeding 1 million tons as well as being one of the top five importers globally. However; due to growing environmental concerns regarding air pollution caused by burning fossil fuels for producing electricity along with rising awareness about energy conservation; China’s Magnesium Association has been actively involved in promoting alternative sources for producing magnesium across different sectors including automotive (body components), aerospace & defense (engine parts), consumer goods (fasteners) etc., which will positively impact market growth over the next eight years.
Growth Factors:
- Increasing demand from the end-use industries such as construction, automotive and electronics
- Growing awareness about the benefits of magnesium chloride for various applications
- Rising investments in research and development activities for new product developments
- Expansion of manufacturing capacities by key players to cater to the increasing demand
- Growing popularity of magnesium chloride as a de-icing agent
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Magnesium Chloride Market Research Report
By Type
Anhydrous Magnesium Chloride, Hexahydrate Magnesium Chloride, Others
By Application
Metallurgy, Chemical Industry, Building Materials, Food, Transportation Industry, Other
By Companies
Compass Minerals, Dead Sea Works, Nedmag, Alkim, Xiangjiang, Huitai Group, Changsheng, Dongyuan Lianhai, Winfast Plastic, Hongyuan Chemical, Xinhai Decing Products, Chenlong, Jinxing, Longteng Biotechnology, Songchuan, Beier
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Magnesium Chloride Market Report Segments:
The global High Purity Magnesium Chloride market is segmented on the basis of:
Types
Anhydrous Magnesium Chloride, Hexahydrate Magnesium Chloride, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metallurgy, Chemical Industry, Building Materials, Food, Transportation Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Compass Minerals
- Dead Sea Works
- Nedmag
- Alkim
- Xiangjiang
- Huitai Group
- Changsheng
- Dongyuan Lianhai
- Winfast Plastic
- Hongyuan Chemical
- Xinhai Decing Products
- Chenlong
- Jinxing
- Longteng Biotechnology
- Songchuan
- Beier
Highlights of The High Purity Magnesium Chloride Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Anhydrous Magnesium Chloride
- Hexahydrate Magnesium Chloride
- Others
- By Application:
- Metallurgy
- Chemical Industry
- Building Materials
- Food
- Transportation Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Magnesium Chloride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High purity magnesium chloride is a white, odorless powder that is used as an agricultural and industrial chemical. It is also used in the production of paper and other products.
Some of the major companies in the high purity magnesium chloride market are Compass Minerals, Dead Sea Works, Nedmag, Alkim, Xiangjiang, Huitai Group, Changsheng, Dongyuan Lianhai, Winfast Plastic, Hongyuan Chemical, Xinhai Decing Products, Chenlong, Jinxing, Longteng Biotechnology, Songchuan, Beier.
The high purity magnesium chloride market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Magnesium Chloride Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Magnesium Chloride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Magnesium Chloride Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Magnesium Chloride Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Magnesium Chloride Market Size & Forecast, 2020-2028
4.5.1 High Purity Magnesium Chloride Market Size and Y-o-Y Growth
4.5.2 High Purity Magnesium Chloride Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Anhydrous Magnesium Chloride
5.2.2 Hexahydrate Magnesium Chloride
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Metallurgy
6.2.2 Chemical Industry
6.2.3 Building Materials
6.2.4 Food
6.2.5 Transportation Industry
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Magnesium Chloride Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Magnesium Chloride Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Anhydrous Magnesium Chloride
9.6.2 Hexahydrate Magnesium Chloride
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Metallurgy
9.10.2 Chemical Industry
9.10.3 Building Materials
9.10.4 Food
9.10.5 Transportation Industry
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Anhydrous Magnesium Chloride
10.6.2 Hexahydrate Magnesium Chloride
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Metallurgy
10.10.2 Chemical Industry
10.10.3 Building Materials
10.10.4 Food
10.10.5 Transportation Industry
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Anhydrous Magnesium Chloride
11.6.2 Hexahydrate Magnesium Chloride
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Metallurgy
11.10.2 Chemical Industry
11.10.3 Building Materials
11.10.4 Food
11.10.5 Transportation Industry
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Anhydrous Magnesium Chloride
12.6.2 Hexahydrate Magnesium Chloride
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Metallurgy
12.10.2 Chemical Industry
12.10.3 Building Materials
12.10.4 Food
12.10.5 Transportation Industry
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Anhydrous Magnesium Chloride
13.6.2 Hexahydrate Magnesium Chloride
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Metallurgy
13.10.2 Chemical Industry
13.10.3 Building Materials
13.10.4 Food
13.10.5 Transportation Industry
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Magnesium Chloride Market: Competitive Dashboard
14.2 Global High Purity Magnesium Chloride Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Compass Minerals
14.3.2 Dead Sea Works
14.3.3 Nedmag
14.3.4 Alkim
14.3.5 Xiangjiang
14.3.6 Huitai Group
14.3.7 Changsheng
14.3.8 Dongyuan Lianhai
14.3.9 Winfast Plastic
14.3.10 Hongyuan Chemical
14.3.11 Xinhai Decing Products
14.3.12 Chenlong
14.3.13 Jinxing
14.3.14 Longteng Biotechnology
14.3.15 Songchuan
14.3.16 Beier
