The global magnesium nitrate hexahydrate market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for magnesium nitrate hexahydrate in various applications such as additives, process chemicals, manufacturing explosives, catalysts and other magnesium salts and admixtures for concrete.
Nitromagnesite is the most commonly used type of magnesium nitrate hexahydrate in various applications such as additives, process chemicals, manufacturing explosives and catalysts & other magnesium salts. Nitromagnesite accounted for over 50% share in 2017 owing to its high purity level which makes it suitable for use in various applications such as additives and process chemicals. Synthetic Process is another type of magnesium nitrate hexahydrates which has been gaining traction due to its low cost production method that helps reduce the price per unit volume compared with Nitromagnesite.
Some Of The Growth Factors Of This Market:
- Increasing demand for magnesium nitrate hexahydrate in the construction industry is one of the major factors driving growth in this market.
- The increasing demand for magnesium nitrate hexahydrate from various industries such as agriculture, pharmaceuticals, and food & beverage is also driving growth in this market.
- Increasing awareness about health benefits of magnesium nitrate hexahydrate among consumers is also driving growth in this market.
- Growing population and increasing disposable income are some other factors that are expected to drive growth in this market.
Industry Growth Insights published a new data on “Magnesium Nitrate Hexahydrate Market”. The research report is titled “Magnesium Nitrate Hexahydrate Market research by Types (Nitromagnesite, Synthetic Process), By Applications (Additives, Process Chemicals, Manufacturing Explosives, Catalysts & other Magnesium Salts, Admixtures for Concrete, Others), By Players/Companies Spectrum Chemical Manufacturing, William Blythe, Cosmic Chemicals, Avantor Performance Materials, BeanTown Chemical, Columbus Chemical Industries, ...”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Nitrate Hexahydrate Market Research Report
By Type
Nitromagnesite, Synthetic Process
By Application
Additives, Process Chemicals, Manufacturing Explosives, Catalysts & other Magnesium Salts, Admixtures for Concrete, Others
By Companies
Spectrum Chemical Manufacturing, William Blythe, Cosmic Chemicals, Avantor Performance Materials, BeanTown Chemical, Columbus Chemical Industries, ...
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Nitrate Hexahydrate Market Report Segments:
The global Magnesium Nitrate Hexahydrate market is segmented on the basis of:
Types
Nitromagnesite, Synthetic Process
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
Additives, Process Chemicals, Manufacturing Explosives, Catalysts & other Magnesium Salts, Admixtures for Concrete, 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:
- Spectrum Chemical Manufacturing
- William Blythe
- Cosmic Chemicals
- Avantor Performance Materials
- BeanTown Chemical
- Columbus Chemical Industries
- ...
Highlights of The Magnesium Nitrate Hexahydrate 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:
- Nitromagnesite
- Synthetic Process
- By Application:
- Additives
- Process Chemicals
- Manufacturing Explosives
- Catalysts & other Magnesium Salts
- Admixtures for Concrete
- 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 Nitrate Hexahydrate 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
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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 nitrate hexahydrate is a white, crystalline powder that is used as a food additive and fertilizer. It has a strong, pungent odor and tastes sour. Magnesium nitrate hexahydrate is also used in the production of fireworks and explosives.
Some of the major players in the magnesium nitrate hexahydrate market are Spectrum Chemical Manufacturing, William Blythe, Cosmic Chemicals, Avantor Performance Materials, BeanTown Chemical, Columbus Chemical Industries.
The magnesium nitrate hexahydrate market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnesium Nitrate Hexahydrate Market - Supply Chain
4.5. Global Magnesium Nitrate Hexahydrate Market Forecast
4.5.1. Magnesium Nitrate Hexahydrate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnesium Nitrate Hexahydrate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnesium Nitrate Hexahydrate Market Absolute $ Opportunity
5. Global Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate Market Size and Volume Forecast by Type
5.3.1. Nitromagnesite
5.3.2. Synthetic Process
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate Market Size and Volume Forecast by Application
6.3.1. Additives
6.3.2. Process Chemicals
6.3.3. Manufacturing Explosives
6.3.4. Catalysts & other Magnesium Salts
6.3.5. Admixtures for Concrete
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate 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 Nitrate Hexahydrate 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 Nitrate Hexahydrate 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 Nitrate Hexahydrate Demand Share Forecast, 2019-2029
9. North America Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate 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 Nitrate Hexahydrate Market Size and Volume Forecast by Application
9.4.1. Additives
9.4.2. Process Chemicals
9.4.3. Manufacturing Explosives
9.4.4. Catalysts & other Magnesium Salts
9.4.5. Admixtures for Concrete
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 Nitrate Hexahydrate Market Size and Volume Forecast by Type
9.7.1. Nitromagnesite
9.7.2. Synthetic Process
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 Nitrate Hexahydrate Demand Share Forecast, 2019-2029
10. Latin America Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate 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 Nitrate Hexahydrate Market Size and Volume Forecast by Application
10.4.1. Additives
10.4.2. Process Chemicals
10.4.3. Manufacturing Explosives
10.4.4. Catalysts & other Magnesium Salts
10.4.5. Admixtures for Concrete
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 Nitrate Hexahydrate Market Size and Volume Forecast by Type
10.7.1. Nitromagnesite
10.7.2. Synthetic Process
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 Nitrate Hexahydrate Demand Share Forecast, 2019-2029
11. Europe Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate 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 Nitrate Hexahydrate Market Size and Volume Forecast by Application
11.4.1. Additives
11.4.2. Process Chemicals
11.4.3. Manufacturing Explosives
11.4.4. Catalysts & other Magnesium Salts
11.4.5. Admixtures for Concrete
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 Nitrate Hexahydrate Market Size and Volume Forecast by Type
11.7.1. Nitromagnesite
11.7.2. Synthetic Process
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 Nitrate Hexahydrate Demand Share, 2019-2029
12. Asia Pacific Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate 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 Nitrate Hexahydrate Market Size and Volume Forecast by Application
12.4.1. Additives
12.4.2. Process Chemicals
12.4.3. Manufacturing Explosives
12.4.4. Catalysts & other Magnesium Salts
12.4.5. Admixtures for Concrete
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 Nitrate Hexahydrate Market Size and Volume Forecast by Type
12.7.1. Nitromagnesite
12.7.2. Synthetic Process
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 Nitrate Hexahydrate Demand Share, 2019-2029
13. Middle East & Africa Magnesium Nitrate Hexahydrate 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 Nitrate Hexahydrate 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 Nitrate Hexahydrate Market Size and Volume Forecast by Application
13.4.1. Additives
13.4.2. Process Chemicals
13.4.3. Manufacturing Explosives
13.4.4. Catalysts & other Magnesium Salts
13.4.5. Admixtures for Concrete
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 Nitrate Hexahydrate Market Size and Volume Forecast by Type
13.7.1. Nitromagnesite
13.7.2. Synthetic Process
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 Nitrate Hexahydrate Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Magnesium Nitrate Hexahydrate Market: Market Share Analysis
14.2. Magnesium Nitrate Hexahydrate Distributors and Customers
14.3. Magnesium Nitrate Hexahydrate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Spectrum Chemical Manufacturing
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. William Blythe
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cosmic Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Avantor Performance Materials
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BeanTown Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Columbus Chemical Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ...
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
