Market Overview:
The global industrial grade 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, transportation industry and others. Additionally, the growing demand for 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.
Product Definition:
Industrial grade magnesium chloride is a salt that is used in a variety of industrial processes. It can be used to produce magnesium metal, as well as other magnesium-based products. Additionally, it can be used as an additive in various types of drilling fluids to help reduce the friction and heat generated while drilling.
Anhydrous Magnesium Chloride:
Anhydrous magnesium chloride is a white crystalline compound and has a strong odor. It is soluble in water, ethanol, ether and diethyl ether but insoluble in aliphatic hydrocarbons. Anhydrous magnesium chloride can be produced by the thermal decomposition of anhydrous MgCl2 or by mechanical means such as fusion at 100°C for 2 hours.
Hexahydrate Magnesium Chloride:
Hexahydrate magnesium chloride is a white hygroscopic crystalline compound, which is soluble in water and alcohol. It has a strong odor of garlic or rotten eggs. Hexahydrate magnesium chloride has an appearance similar to table salt (NaCl). It usually exists in the form of pellets or flakes.
Application Insights:
The global industrial grade magnesium chloride market is segmented on the basis of application into metallurgy, chemical industry, building materials, transportation industry and others. The metalurgy segment dominated the overall market in terms of revenue share in 2017. This can be attributed to increasing demand for magnesium metal from various sectors such as automotive & aerospace and energy generation. In addition, growing use of MgCl2 as an essential raw material by companies operating in the sector such as Rio Tinto and BHP Billiton is expected to drive growth over the forecast period.
Magnesium plays a vital role in manufacturing processes related to aluminum alloys that are used across multiple industries including construction & infrastructure and transportation which further propels its demand globally.
Regional Analysis:
Asia Pacific dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. Increasing industrialization coupled with growing demand for magnesium-based products from various end-use industries such as automotive, construction and manufacturing is anticipated to drive the regional market growth over the forecast period.
China accounted for a major share of production owing to increasing demand from various end-use industries such as transportation & aerospace; electrical & electronics; building & construction materials along with rising investments in these sectors by domestic players on account of rapid urbanization coupled with strong economic growth witnessed since 2010 has boosted consumer spending on household goods which will have a positive impact on industry expansion.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for magnesium chloride as a de-icing agent is expected to drive the market growth.
- Growing demand for magnesium chloride in water treatment and other industrial applications is also anticipated to fuel the market growth over the forecast period.
- Rising awareness about benefits of using magnesium chloride as an effective de-icing agent is projected to propel market growth.
- Stringent government regulations pertaining to environmental safety are likely to create opportunities for industrial grade magnesium chloride market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Grade Magnesium Chloride Market Research Report
By Type
Anhydrous Magnesium Chloride, Hexahydrate Magnesium Chloride
By Application
Metallurgy, Chemical Industry, Building Materials, Transportation Industry, Others
By Companies
Compass Minerals, Dead Sea Works, Nedmag, Alkim, Huitai Group, Shouguang Haixu Chemical, Dongyuan Lianhai Chemical, Winfast Plastic, Hongyuan Chemical, Xinhai Decing Products, Jiaxing Chenlong Chemical, Jinxing, Songchuan Industry
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Grade Magnesium Chloride Market Report Segments:
The global Industrial Grade Magnesium Chloride market is segmented on the basis of:
Types
Anhydrous Magnesium Chloride, Hexahydrate Magnesium Chloride
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, Transportation Industry, 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:
- Compass Minerals
- Dead Sea Works
- Nedmag
- Alkim
- Huitai Group
- Shouguang Haixu Chemical
- Dongyuan Lianhai Chemical
- Winfast Plastic
- Hongyuan Chemical
- Xinhai Decing Products
- Jiaxing Chenlong Chemical
- Jinxing
- Songchuan Industry
Highlights of The Industrial Grade 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
- By Application:
- Metallurgy
- Chemical Industry
- Building Materials
- Transportation Industry
- 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 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
- 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 Chloride is a magnesium chloride product that is designed for industrial and commercial use. It is a white, crystalline powder that has a strong odor and taste. This product is highly soluble in water, making it ideal for use in cleaning products or as an additive to fertilizers.
Some of the major companies in the industrial grade magnesium chloride market are Compass Minerals, Dead Sea Works, Nedmag, Alkim, Huitai Group, Shouguang Haixu Chemical, Dongyuan Lianhai Chemical, Winfast Plastic, Hongyuan Chemical, Xinhai Decing Products, Jiaxing Chenlong Chemical, Jinxing, Songchuan Industry.
The industrial grade magnesium chloride market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Grade Magnesium Chloride Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Grade Magnesium Chloride Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Grade Magnesium Chloride Market - Supply Chain
4.5. Global Industrial Grade Magnesium Chloride Market Forecast
4.5.1. Industrial Grade Magnesium Chloride Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Grade Magnesium Chloride Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Grade Magnesium Chloride Market Absolute $ Opportunity
5. Global Industrial Grade Magnesium Chloride Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Type
5.3.1. Anhydrous Magnesium Chloride
5.3.2. Hexahydrate Magnesium Chloride
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Grade Magnesium Chloride Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Application
6.3.1. Metallurgy
6.3.2. Chemical Industry
6.3.3. Building Materials
6.3.4. Transportation Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Grade Magnesium Chloride Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Grade Magnesium Chloride Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Grade Magnesium Chloride Demand Share Forecast, 2019-2026
9. North America Industrial Grade Magnesium Chloride Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Application
9.4.1. Metallurgy
9.4.2. Chemical Industry
9.4.3. Building Materials
9.4.4. Transportation Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Type
9.7.1. Anhydrous Magnesium Chloride
9.7.2. Hexahydrate Magnesium Chloride
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Grade Magnesium Chloride Demand Share Forecast, 2019-2026
10. Latin America Industrial Grade Magnesium Chloride Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Application
10.4.1. Metallurgy
10.4.2. Chemical Industry
10.4.3. Building Materials
10.4.4. Transportation Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Type
10.7.1. Anhydrous Magnesium Chloride
10.7.2. Hexahydrate Magnesium Chloride
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Grade Magnesium Chloride Demand Share Forecast, 2019-2026
11. Europe Industrial Grade Magnesium Chloride Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Application
11.4.1. Metallurgy
11.4.2. Chemical Industry
11.4.3. Building Materials
11.4.4. Transportation Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Type
11.7.1. Anhydrous Magnesium Chloride
11.7.2. Hexahydrate Magnesium Chloride
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Grade Magnesium Chloride Demand Share, 2019-2026
12. Asia Pacific Industrial Grade Magnesium Chloride Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Application
12.4.1. Metallurgy
12.4.2. Chemical Industry
12.4.3. Building Materials
12.4.4. Transportation Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Type
12.7.1. Anhydrous Magnesium Chloride
12.7.2. Hexahydrate Magnesium Chloride
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Grade Magnesium Chloride Demand Share, 2019-2026
13. Middle East & Africa Industrial Grade Magnesium Chloride Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Grade Magnesium Chloride Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Application
13.4.1. Metallurgy
13.4.2. Chemical Industry
13.4.3. Building Materials
13.4.4. Transportation Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Grade Magnesium Chloride Market Size and Volume Forecast by Type
13.7.1. Anhydrous Magnesium Chloride
13.7.2. Hexahydrate Magnesium Chloride
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Grade Magnesium Chloride Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Grade Magnesium Chloride Market: Market Share Analysis
14.2. Industrial Grade Magnesium Chloride Distributors and Customers
14.3. Industrial Grade Magnesium Chloride Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Compass Minerals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dead Sea Works
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nedmag
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Alkim
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huitai Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shouguang Haixu Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dongyuan Lianhai Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Winfast Plastic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hongyuan Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Xinhai Decing Products
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiaxing Chenlong Chemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jinxing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Songchuan Industry
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
