Market Overview:
The global magnesium sulfate monohydrate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for magnesium sulfate monohydrate from various applications such as fertilizer industry, feed industry, pharmaceutical industry, and industrial field. Moreover, the growing awareness about the benefits of magnesium sulfate monohydrate is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. On basis on type, agricultural grade segment is projected to hold major share in global magnesium sulfate monohydrate market during forecast period owing high adoption rate across agriculture sector for improving soil health and crop yield. Pharmaceutical grade segment is projected grow at highest CAGR over forecast period due its increasing use as a dietary supplement and medical treatment across globe . On basis on application , fertilizer industry segment accounted for largest share in 2017 and expected to maintain its dominance throughout forecast period . This can be attributed rising demand for fertilizers owing increase in population coupled with need for food security globally .
Product Definition:
A white, odorless powder with a slightly bitter taste. Magnesium sulfate monohydrate is used as a dietary supplement and to treat magnesium deficiencies.
Agricultural Grade:
Agricultural grade is a product that has been obtained from the processing of agricultural products such as fruits, vegetables, and grains. It is also used in animal feed to increase the milk production among cattle. The primary function of this product is to provide nutrition and improve animal health.
It contains various vitamins (A & D), proteins, amino acids, enzymes and minerals like calcium & phosphorous which are essential for human life.
Pharmaceutical Grade:
Pharmaceutical grade is a term used for products that are suitable for human consumption. It has been defined by the U.S. FDA as dextrose, sucrose, and starch (plus certain other ingredients) in an amount not more than 1% by weight of the finished product; and all other substances are considered to be non-pharmaceutical grades which include industrial solvents, lubricants, binders etc.
The key difference between pharmaceutical-grade.
Application Insights:
The global magnesium sulfate monohydrate market is segmented on the basis of application into fertilizers industry, feed industry, pharmaceutical industry, industrial field and others. The fertilizer industry dominated the overall market in terms of revenue share at over 40% in 2017. Magnesium sulfate is used as a supplement for improving plant growth and development especially in nutrient-rich soil. It also has an important role to play as a fertilizer plays an essential part in providing nutrients to the soil which helps plants grow properly.
Magnesium sulfate acts as a catalyst by accelerating chemical reactions that take place between sulfuric acid and various metal compounds such as aluminum chloride, barium carbonate & hydroxide & zinc chloride etc., thereby making it suitable for use in producing fertilizers along with other products such as ammonium Sulfuric Acid (ASA) & orthophosphoric acid (OPA).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region comprises of major magnesium-producing countries, such as China, India, Australia, Thailand and Indonesia. Magnesium sulfate is mainly produced from brine pools located in these countries. Growing demand for magnesium sulfate from various end-use industries coupled with increasing agricultural activities are projected to drive industry growth over the coming years.
The Asia Pacific pharmaceutical industry has witnessed exponential growth owing to rising healthcare expenditure coupled with growing patient awareness levels regarding chronic diseases such as cardiovascular disorders and diabetes among others which result in increased medical needs of patients resulting into increased demand for medicines that help combat infections & boost immunity thus fueling product demand within this region.
Growth Factors:
- Increasing demand from the agricultural sector for magnesium sulfate monohydrate as a fertilizer is expected to be a key growth driver for the market over the forecast period.
- Growing demand from the food and beverage industry for magnesium sulfate monohydrate as an additive is also anticipated to fuel market growth in the coming years.
- Rising awareness about the benefits of magnesium sulfate monohydrate among consumers is projected to boost its demand in various end-use industries over the forecast period.
- The increasing use of magnesium sulfate monohydrate in medical applications is another key factor that is expected to drive market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Sulfate Monohydrate Market Research Report
By Type
Agricultural Grade, Pharmaceutical Grade, Technical Grade
By Application
Fertilizer Industry, Feed Industry, Pharmaceutical Industry, Industrial Field, Other
By Companies
Sinomagchem, Laiyu Chemical, Laizhou Kangxin, Laizhou Litong, Hongda Xingye, Laizhou Shouxi, Zibo Jinxing, Mag Products India Private Limited (MPIPL), Sinomagchem
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Sulfate Monohydrate Market Report Segments:
The global Magnesium Sulfate Monohydrate market is segmented on the basis of:
Types
Agricultural Grade, Pharmaceutical Grade, Technical Grade
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
Fertilizer Industry, Feed Industry, Pharmaceutical Industry, Industrial Field, 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:
- Sinomagchem
- Laiyu Chemical
- Laizhou Kangxin
- Laizhou Litong
- Hongda Xingye
- Laizhou Shouxi
- Zibo Jinxing
- Mag Products India Private Limited (MPIPL)
- Sinomagchem
Highlights of The Magnesium Sulfate Monohydrate 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:
- Agricultural Grade
- Pharmaceutical Grade
- Technical Grade
- By Application:
- Fertilizer Industry
- Feed Industry
- Pharmaceutical Industry
- Industrial Field
- 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 Magnesium Sulfate Monohydrate 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
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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?
Magnesium sulfate monohydrate is a white, odorless powder that is used as a laxative and to treat magnesium deficiency.
Some of the key players operating in the magnesium sulfate monohydrate market are Sinomagchem, Laiyu Chemical, Laizhou Kangxin, Laizhou Litong, Hongda Xingye, Laizhou Shouxi, Zibo Jinxing, Mag Products India Private Limited (MPIPL), Sinomagchem.
The magnesium sulfate monohydrate 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 Magnesium Sulfate Monohydrate 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 Magnesium Sulfate Monohydrate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Magnesium Sulfate Monohydrate 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 Magnesium Sulfate Monohydrate 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 Magnesium Sulfate Monohydrate Market Size & Forecast, 2020-2028 4.5.1 Magnesium Sulfate Monohydrate Market Size and Y-o-Y Growth 4.5.2 Magnesium Sulfate Monohydrate 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 Agricultural Grade
5.2.2 Pharmaceutical Grade
5.2.3 Technical Grade
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 Fertilizer Industry
6.2.2 Feed Industry
6.2.3 Pharmaceutical Industry
6.2.4 Industrial Field
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnesium Sulfate Monohydrate 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 Magnesium Sulfate Monohydrate 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 Agricultural Grade
9.6.2 Pharmaceutical Grade
9.6.3 Technical Grade
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 Fertilizer Industry
9.10.2 Feed Industry
9.10.3 Pharmaceutical Industry
9.10.4 Industrial Field
9.10.5 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 Agricultural Grade
10.6.2 Pharmaceutical Grade
10.6.3 Technical Grade
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 Fertilizer Industry
10.10.2 Feed Industry
10.10.3 Pharmaceutical Industry
10.10.4 Industrial Field
10.10.5 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 Agricultural Grade
11.6.2 Pharmaceutical Grade
11.6.3 Technical Grade
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 Fertilizer Industry
11.10.2 Feed Industry
11.10.3 Pharmaceutical Industry
11.10.4 Industrial Field
11.10.5 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 Agricultural Grade
12.6.2 Pharmaceutical Grade
12.6.3 Technical Grade
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 Fertilizer Industry
12.10.2 Feed Industry
12.10.3 Pharmaceutical Industry
12.10.4 Industrial Field
12.10.5 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 Agricultural Grade
13.6.2 Pharmaceutical Grade
13.6.3 Technical Grade
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 Fertilizer Industry
13.10.2 Feed Industry
13.10.3 Pharmaceutical Industry
13.10.4 Industrial Field
13.10.5 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 Magnesium Sulfate Monohydrate Market: Competitive Dashboard
14.2 Global Magnesium Sulfate Monohydrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sinomagchem
14.3.2 Laiyu Chemical
14.3.3 Laizhou Kangxin
14.3.4 Laizhou Litong
14.3.5 Hongda Xingye
14.3.6 Laizhou Shouxi
14.3.7 Zibo Jinxing
14.3.8 Mag Products India Private Limited (MPIPL)
14.3.9 Sinomagchem