Market Overview:
The global industrial grade magnesium carbonate 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 carbonate from various applications such as pharmaceuticals, plastic & rubber industry, personal care & cosmetics, paints & inks, food & beverage and others. In addition, the growing demand for lightweight materials is also contributing to the growth of this market.
Product Definition:
Industrial grade magnesium carbonate is a high quality and purity product used in various industries. It has a wide range of applications, including as a filler in plastics and rubber, an extender in paints and coatings, and a blowing agent for foam products. Additionally, it is also used as an antacid to treat heartburns and indigestion.
Light Magnesium Carbonate:
Light magnesium carbonate is a white crystalline compound, which has good solubility in water and is stable at normal room temperature. It can be easily soluble in alcohol and hot water. Solubility of the product in organic solvents makes it suitable for use as an additive to gasoline or other fuel to improve its octane rating.
Heavy Magnesium Carbonate:
Heavy magnesium carbonate is a type of magnesium carbonate that contains at least 90% (w/w) of the chemical formula Mg(CO3)2. It has a density of 2.8 g/cm³ and is commercially available in white powder form. It can also be produced by heating dry calcium carbonate (ACC) in an oxygen-free environment for at least 48 hours, which produces heavy mineral salts known as magnesite or dolostone.
Application Insights:
The global industrial grade magnesium carbonate market is segmented on the basis of application into pharmaceuticals, plastic & rubber industry, personal care & cosmetics, paints & inks and food & beverage. In terms of revenue, the plastic and rubber industry was the largest application segment with a share of over 24% in 2017. The product plays an important role as a raw material for manufacturing various products including PVC compounds and polymers used in cables insulation; adhesives; sealants; paving stones; roofing foils; flooring underlayments.; automotive parts such as window glazing materials (frames), door panels interiors (liners) seat panelling electrical components such as light sockets switches handles bezels lamp bases cap-lamps fuses fittings.; sporting goods wheelchairs toys crutches.
Regional Analysis:
Asia Pacific dominated the global industry with a revenue share of over 55% in 2017. The region is expected to continue its dominance over the forecast period as well despite the growing presence of manufacturers in other regions. This can be attributed to low manufacturing costs, cheap labor and raw material availability in Asia Pacific.
The market for industrial grade magnesium carbonate is anticipated to grow at a significant rate due to increasing demand from end-use industries such as paints & coatings, plastic & rubber, pharmaceuticals and personal care & cosmetics across various regions including North America and Europe during the forecast period. In addition, rising R&D activities by key companies are contributing towards product innovation which will further fuel market growth during the projected time frame.
North America emerged as one of the major consumers for this product owing to high production levels coupled with stringent regulations regarding environmental protection from governments across countries such as U.S.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and packaging
- Growing awareness about the benefits of magnesium carbonate over other fillers
- Rising investments in research and development to develop new applications for magnesium carbonate
- Expansion of manufacturing capacities by key players to cater to the growing demand
- Growing popularity of magnesium carbonate as a green filler
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Grade Magnesium Carbonate Market Research Report
By Type
Light Magnesium Carbonate, Heavy Magnesium Carbonate
By Application
Pharmaceuticals, Plastic & Rubber Industry, Personal Care & Cosmetics, Paints & Inks, Food & Beverage, Others
By Companies
Naikai Salt Industries Co.,LTD, Konoshima Chemical, SCORA S.A.S, Rahul Magnesia Pvt. Ltd., Bakhtawar Industries, Yingkou Magnesite Chemical, Hebei Gaolin, Zehui Chemical, Xingtai Messi, Liaoning Xinghai Pharmaceutical, Naikai Salt Industries Co.,LTD, Meishen Technology Co.,Ltd, Dandong Yulong
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Grade Magnesium Carbonate Market Report Segments:
The global Industrial Grade Magnesium Carbonate market is segmented on the basis of:
Types
Light Magnesium Carbonate, Heavy Magnesium Carbonate
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
Pharmaceuticals, Plastic & Rubber Industry, Personal Care & Cosmetics, Paints & Inks, Food & Beverage, Others
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:
- Naikai Salt Industries Co.,LTD
- Konoshima Chemical
- SCORA S.A.S
- Rahul Magnesia Pvt. Ltd.
- Bakhtawar Industries
- Yingkou Magnesite Chemical
- Hebei Gaolin
- Zehui Chemical
- Xingtai Messi
- Liaoning Xinghai Pharmaceutical
- Naikai Salt Industries Co.,LTD
- Meishen Technology Co.,Ltd
- Dandong Yulong
Highlights of The Industrial Grade Magnesium Carbonate 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:
- Light Magnesium Carbonate
- Heavy Magnesium Carbonate
- By Application:
- Pharmaceuticals
- Plastic & Rubber Industry
- Personal Care & Cosmetics
- Paints & Inks
- Food & Beverage
- Others
- 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 Industrial Grade Magnesium Carbonate 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Industrial grade magnesium carbonate is a type of magnesium that has been processed to remove impurities. It is often used in industrial applications because it is more durable than other types of magnesium and it does not corrode.
Some of the major players in the industrial grade magnesium carbonate market are Naikai Salt Industries Co.,LTD, Konoshima Chemical, SCORA S.A.S, Rahul Magnesia Pvt. Ltd., Bakhtawar Industries, Yingkou Magnesite Chemical, Hebei Gaolin, Zehui Chemical, Xingtai Messi, Liaoning Xinghai Pharmaceutical, Naikai Salt Industries Co.,LTD, Meishen Technology Co.,Ltd, Dandong Yulong.
The industrial grade magnesium carbonate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Market Size & Forecast, 2018-2028
4.5.1 Industrial Grade Magnesium Carbonate Market Size and Y-o-Y Growth
4.5.2 Industrial Grade Magnesium Carbonate Market Absolute $ Opportunity
Chapter 5 Global Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Market Size Forecast by Type
5.2.1 Light Magnesium Carbonate
5.2.2 Heavy Magnesium Carbonate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Market Size Forecast by Applications
6.2.1 Pharmaceuticals
6.2.2 Plastic & Rubber Industry
6.2.3 Personal Care & Cosmetics
6.2.4 Paints & Inks
6.2.5 Food & Beverage
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Market Size Forecast by Type
9.6.1 Light Magnesium Carbonate
9.6.2 Heavy Magnesium Carbonate
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 Industrial Grade Magnesium Carbonate Market Size Forecast by Applications
9.10.1 Pharmaceuticals
9.10.2 Plastic & Rubber Industry
9.10.3 Personal Care & Cosmetics
9.10.4 Paints & Inks
9.10.5 Food & Beverage
9.10.6 Others
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 Industrial Grade Magnesium Carbonate Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Market Size Forecast by Type
10.6.1 Light Magnesium Carbonate
10.6.2 Heavy Magnesium Carbonate
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 Industrial Grade Magnesium Carbonate Market Size Forecast by Applications
10.10.1 Pharmaceuticals
10.10.2 Plastic & Rubber Industry
10.10.3 Personal Care & Cosmetics
10.10.4 Paints & Inks
10.10.5 Food & Beverage
10.10.6 Others
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 Industrial Grade Magnesium Carbonate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Market Size Forecast by Type
11.6.1 Light Magnesium Carbonate
11.6.2 Heavy Magnesium Carbonate
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 Industrial Grade Magnesium Carbonate Market Size Forecast by Applications
11.10.1 Pharmaceuticals
11.10.2 Plastic & Rubber Industry
11.10.3 Personal Care & Cosmetics
11.10.4 Paints & Inks
11.10.5 Food & Beverage
11.10.6 Others
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 Industrial Grade Magnesium Carbonate Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Grade Magnesium Carbonate 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 Industrial Grade Magnesium Carbonate Market Size Forecast by Type
12.6.1 Light Magnesium Carbonate
12.6.2 Heavy Magnesium Carbonate
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 Industrial Grade Magnesium Carbonate Market Size Forecast by Applications
12.10.1 Pharmaceuticals
12.10.2 Plastic & Rubber Industry
12.10.3 Personal Care & Cosmetics
12.10.4 Paints & Inks
12.10.5 Food & Beverage
12.10.6 Others
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) Industrial Grade Magnesium Carbonate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Grade Magnesium Carbonate 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) Industrial Grade Magnesium Carbonate Market Size Forecast by Type
13.6.1 Light Magnesium Carbonate
13.6.2 Heavy Magnesium Carbonate
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) Industrial Grade Magnesium Carbonate Market Size Forecast by Applications
13.10.1 Pharmaceuticals
13.10.2 Plastic & Rubber Industry
13.10.3 Personal Care & Cosmetics
13.10.4 Paints & Inks
13.10.5 Food & Beverage
13.10.6 Others
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 Industrial Grade Magnesium Carbonate Market: Competitive Dashboard
14.2 Global Industrial Grade Magnesium Carbonate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Naikai Salt Industries Co.,LTD
14.3.2 Konoshima Chemical
14.3.3 SCORA S.A.S
14.3.4 Rahul Magnesia Pvt. Ltd.
14.3.5 Bakhtawar Industries
14.3.6 Yingkou Magnesite Chemical
14.3.7 Hebei Gaolin
14.3.8 Zehui Chemical
14.3.9 Xingtai Messi
14.3.10 Liaoning Xinghai Pharmaceutical
14.3.11 Naikai Salt Industries Co.,LTD
14.3.12 Meishen Technology Co.,Ltd
14.3.13 Dandong Yulong
