Market Overview:
The global magnesium chloride hexahydrate flakes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for magnesium chloride hexahydrate flakes in various applications such as metallurgical industry, chemical industry, building materials industry, antifreeze industry and food industry. In addition, the growing demand for magnesium chloride hexahydrate flakes in emerging countries such as China and India is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing magnesium chloride hexahydrate flakes may restrain the growth of this market during the forecast period.
Product Definition:
Magnesium Chloride Hexahydrate Flakes are a white, crystalline solid that is used as a food additive and in the production of magnesium sulfate. It is also used as an electrolyte replenisher, and has been shown to improve exercise performance.
Food Grade:
Food grade magnesium chloride hexahydrate flakes are used for the purpose of food additives, flavor enhancer and nutritional supplement. It is also used as an antacids in some regions. The product has wide application scope in industries such as dairy products, meat & poultry industry and beverage industry among others owing to its unique properties which include neutral taste, better solubility and high absorption rate.
Industry Grade:
Industry grade is a term used for chemicals that are commercially available without any specific brand name. It can be further categorized into two types, namely, pure and mixed. Pure grade industry product is obtained from the extraction of high purity materials directly from the source. On the other hand, a mixed grade product consists of several raw materials which are combined to produce one or more final products in accordance with customer requirements.
The major applications include pharmaceuticals.
Application Insights:
The metallurgical industry accounted for the largest revenue share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from various sectors such as automotive, construction, consumer electronics, and others. In addition, magnesium chloride hexahydrate flakes are used as an intermediate product in the production of metals including aluminum and steel which further propels its demand.
Magnesium plays a vital role in enabling high-performance materials for use in applications such as aerospace & defense where lightweight is crucial for improving fuel efficiency across commercial aircraft models such as Airbus A320neo family and Boeing 737 MAX 8/9 series along with military helicopters models like UH-1Y Venom among others that require titanium alloys or superalloys containing magnesium metal content ranging between 4% to 9%.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 75.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for magnesium chloride hexahydrate flakes from various end-use industries, such as metallurgical and chemical industries. In addition, rising investments by multinational companies for expanding their production capacities are anticipated to drive industry growth over the coming years.
The growing automotive industry across Asia Pacific countries including India, China and Japan is projected to propel product demand further on account of its use in manufacturing lightweight components as an alternative for aluminum metal that's heavier than steel but lighter than iron metal parts used for automobile manufacture.
North America accounted second largest market share after Asia Pacific with a volume-based CAGR of XX% from 2018 to 2030 due high consumption levels coupled building materials & construction sector expansion especially in Mexico.
Growth Factors:
- Increasing demand from the end-use industries such as agriculture, construction, and automotive due to its properties such as corrosion resistance, light weight, and high strength.
- Growing awareness about the benefits of magnesium chloride hexahydrate flakes among consumers due to increasing marketing and promotional activities by manufacturers.
- Rising investments by key players in research & development (R&D) activities to develop new applications for magnesium chloride hexahydrate flakes in various end-use industries.
- Expansion of manufacturing capacities by key players to cater to the growing demand for magnesium chloride hexahydrate flakes globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Chloride Hexahydrate Flakes Market Research Report
By Type
Food Grade, Industry Grade
By Application
Metallurgical Industry, Chemical Industry, Building Materials Industry, Antifreeze Industry, Food Industry, Others
By Companies
Compass Minerals, Dead Sea Works, Nedmag, Alkim, Tinco, Riddhi Siddhi Magnesia Works, Xiangjiang, Huitai Group, Changsheng, Dongyuan Lianhai, Hongyuan Chemical, Xinhai Decing Products, Chenlong, Quancheng, Songchuan, Ruentai Chemical, Qinghai Iron Source Magnesium, Shouguang yuwei Chloride, Lianyungang Nippo Group
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Chloride Hexahydrate Flakes Market Report Segments:
The global Magnesium Chloride Hexahydrate Flakes market is segmented on the basis of:
Types
Food Grade, Industry 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
Metallurgical Industry, Chemical Industry, Building Materials Industry, Antifreeze Industry, Food 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
- Tinco
- Riddhi Siddhi Magnesia Works
- Xiangjiang
- Huitai Group
- Changsheng
- Dongyuan Lianhai
- Hongyuan Chemical
- Xinhai Decing Products
- Chenlong
- Quancheng
- Songchuan
- Ruentai Chemical
- Qinghai Iron Source Magnesium
- Shouguang yuwei Chloride
- Lianyungang Nippo Group
Highlights of The Magnesium Chloride Hexahydrate Flakes 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:
- Food Grade
- Industry Grade
- By Application:
- Metallurgical Industry
- Chemical Industry
- Building Materials Industry
- Antifreeze Industry
- Food 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 Magnesium Chloride Hexahydrate Flakes 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.
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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 chloride hexahydrate flakes are a type of magnesium supplement that is typically taken as a dietary supplement. Magnesium chloride hexahydrate flakes are made from magnesium that has been combined with water and hydrochloric acid to form anhydrous magnesium chloride. This form of magnesium is more easily absorbed into the body than other forms, such as elemental or oxide forms.
Some of the key players operating in the magnesium chloride hexahydrate flakes market are Compass Minerals, Dead Sea Works, Nedmag, Alkim, Tinco, Riddhi Siddhi Magnesia Works, Xiangjiang, Huitai Group, Changsheng, Dongyuan Lianhai, Hongyuan Chemical, Xinhai Decing Products, Chenlong, Quancheng, Songchuan, Ruentai Chemical, Qinghai Iron Source Magnesium, Shouguang yuwei Chloride, Lianyungang Nippo Group.
The magnesium chloride hexahydrate flakes market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnesium Chloride Hexahydrate Flakes 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. Magnesium Chloride Hexahydrate Flakes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnesium Chloride Hexahydrate Flakes Market - Supply Chain
4.5. Global Magnesium Chloride Hexahydrate Flakes Market Forecast
4.5.1. Magnesium Chloride Hexahydrate Flakes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnesium Chloride Hexahydrate Flakes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnesium Chloride Hexahydrate Flakes Market Absolute $ Opportunity
5. Global Magnesium Chloride Hexahydrate Flakes 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. Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Type
5.3.1. Food Grade
5.3.2. Industry Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnesium Chloride Hexahydrate Flakes 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. Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Application
6.3.1. Metallurgical Industry
6.3.2. Chemical Industry
6.3.3. Building Materials Industry
6.3.4. Antifreeze Industry
6.3.5. Food Industry
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnesium Chloride Hexahydrate Flakes 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. Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes 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. Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes Demand Share Forecast, 2019-2026
9. North America Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Application
9.4.1. Metallurgical Industry
9.4.2. Chemical Industry
9.4.3. Building Materials Industry
9.4.4. Antifreeze Industry
9.4.5. Food Industry
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Type
9.7.1. Food Grade
9.7.2. Industry Grade
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 Magnesium Chloride Hexahydrate Flakes Demand Share Forecast, 2019-2026
10. Latin America Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Application
10.4.1. Metallurgical Industry
10.4.2. Chemical Industry
10.4.3. Building Materials Industry
10.4.4. Antifreeze Industry
10.4.5. Food Industry
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Type
10.7.1. Food Grade
10.7.2. Industry Grade
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 Magnesium Chloride Hexahydrate Flakes Demand Share Forecast, 2019-2026
11. Europe Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Application
11.4.1. Metallurgical Industry
11.4.2. Chemical Industry
11.4.3. Building Materials Industry
11.4.4. Antifreeze Industry
11.4.5. Food Industry
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnesium Chloride Hexahydate Flakes Market Size and Volume Forecast by Type
11.7.1. Food Grade
11.7.2. Industry Grade
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 Magnesium Chloride Hexahydrate Flakes Demand Share, 2019-2026
12. Asia Pacific Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Application
12.4.1. Metallurgical Industry
12.4.2. Chemical Industry
12.4.3. Building Materials Industry
12.4.4. Antifreeze Industry
12.4.5. Food Industry
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Type
12.7.1. Food Grade
12.7.2. Industry Grade
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 Magnesium Chloride Hexahydrate Flakes Demand Share, 2019-2026
13. Middle East & Africa Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes 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 Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Application
13.4.1. Metallurgical Industry
13.4.2. Chemical Industry
13.4.3. Building Materials Industry
13.4.4. Antifreeze Industry
13.4.5. Food Industry
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnesium Chloride Hexahydrate Flakes Market Size and Volume Forecast by Type
13.7.1. Food Grade
13.7.2. Industry Grade
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 Magnesium Chloride Hexahydrate Flakes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnesium Chloride Hexahydrate Flakes Market: Market Share Analysis
14.2. Magnesium Chloride Hexahydrate Flakes Distributors and Customers
14.3. Magnesium Chloride Hexahydrate Flakes 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. Tinco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Riddhi Siddhi Magnesia Works
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Xiangjiang
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Huitai Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Changsheng
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dongyuan Lianhai
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hongyuan 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. Xinhai Decing Products
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chenlong
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Quancheng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Songchuan
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ruentai Chemical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Qinghai Iron Source Magnesium
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Shouguang yuwei Chloride
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Lianyungang Nippo Group
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
