Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Magnesium Sulfate Heptahydrate Market by Type (Purity 99.5%, Purity <99.5%), By Application (Agriculture, Medical, Industrials) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Magnesium Sulfate Heptahydrate Market by Type (Purity 99.5%, Purity <99.5%), By Application (Agriculture, Medical, Industrials) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131275 3300 Chemical & Material 377 245 Pages 4.7 (32)
                                          

Market Overview:


The global magnesium sulfate heptahydrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for magnesium sulfate heptahydrate in agriculture, medical, and industrial applications. Magnesium sulfate heptahydrate is used as a fertilizer in agriculture applications and as a desiccant and absorbent in medical and industrial applications. The growing population and rising demand for food are expected to drive the growth of the agricultural application segment of the global magnesium sulfate heptahydrate market during the forecast period. Additionally, increasing awareness about health benefits associated with magnesium sulfate heptahydrate is expected to boost its demand in medical applications during the forecast period.


Global Magnesium Sulfate Heptahydrate Industry Outlook


Product Definition:


A mineral salt of magnesium and sulfuric acid, occurring as a white or colorless crystalline solid and used in medicine and agriculture.


Purity 99.5%:


Purity 99.5% is a special type of heptahydrate that contains more than 99.5% of magnesium sulfate by weight. It's produced using highly efficient drying techniques and the purest form can be obtained from GHR Global with over 95% Purity, which is used in various applications such as food & beverage, animal feed, pharmaceuticals and others.


Purity


Application Insights:


The industry is segmented on the basis of application into agriculture, medical, and industrial. The agricultural application accounted for a market share of over 60% in 2017 owing to its use as an animal feed supplement and soil conditioner. Magnesium sulfate heptahydrate is used as a fertilizer in various crops including sugarcane, corn, soybean, cottonseed mealworm larvae diet formulation among others.


Magnesium sulfate heptahydrate has wide applications in the manufacturing of fertilizers & chemicals which include sulfuric acid production for paper making process among others. Fertilizer manufacturers are under pressure to increase their product line with new innovative formulations that can meet upcoming regulatory standards while maintaining high productivity levels that were previously attained with magnesium chloride products.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of over 55% in 2017 owing to increasing magnesium content in soil, growing magnesium-ion battery demand, and rising agricultural production. China is one of the largest producers of magnesium hydroxide as it has vast deposits of raw materials at hand.


The Middle East & Africa region is projected to witness significant growth during the forecast period due to increasing industrialization coupled with rising healthcare expenditure by governments across countries such as Saudi Arabia, UAE, Egypt & Israel. Magnesium sulfate heptahydrate can be used as an antacid or cathartic agent for treating indigestion and diarrhea respectively among other applications thereby boosting industry growth in this region.


Growth Factors:


  • Increasing demand from the agricultural sector for magnesium sulfate heptahydrate as a fertilizer is expected to be a key growth driver for the market over the forecast period.
  • Growing demand from the pharmaceutical and healthcare sectors for magnesium sulfate heptahydrate as a dietary supplement is also anticipated to fuel market growth in the coming years.
  • Rising awareness about the benefits of magnesium sulfate heptahydrate is projected to boost its demand in various end-use industries, thereby propelling market growth over the forecast period.
  • The increasing use of magnesium sulfate heptahydrate in water treatment 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 Heptahydrate Market Research Report

By Type

Purity 99.5%, Purity <99.5%

By Application

Agriculture, Medical, Industrials

By Companies

Yingkou, Litong, Fengjun, Giles, Haviland, K+S, Aldeon, ...

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

245

Number of Tables & Figures

172

Customization Available

Yes, the report can be customized as per your need.


Global Magnesium Sulfate Heptahydrate Market Report Segments:

The global Magnesium Sulfate Heptahydrate market is segmented on the basis of:

Types

Purity 99.5%, Purity <99.5%

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

Agriculture, Medical, Industrials

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:

  1. Yingkou
  2. Litong
  3. Fengjun
  4. Giles
  5. Haviland
  6. K+S
  7. Aldeon
  8. ...

Global Magnesium Sulfate Heptahydrate Market Overview


Highlights of The Magnesium Sulfate Heptahydrate Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Purity 99.5%
    2. Purity <99.5%
  1. By Application:

    1. Agriculture
    2. Medical
    3. Industrials
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Magnesium Sulfate Heptahydrate 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

Global Magnesium Sulfate Heptahydrate Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Magnesium Sulfate Heptahydrate Market - Supply Chain
   4.5. Global Magnesium Sulfate Heptahydrate Market Forecast
      4.5.1. Magnesium Sulfate Heptahydrate Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Magnesium Sulfate Heptahydrate Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Magnesium Sulfate Heptahydrate Market Absolute $ Opportunity

5. Global Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate Market Size and Volume Forecast by Type
      5.3.1. Purity 99.5%
      5.3.2. Purity <99.5%
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate Market Size and Volume Forecast by Application
      6.3.1. Agriculture
      6.3.2. Medical
      6.3.3. Industrials
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate 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 Sulfate Heptahydrate 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 Sulfate Heptahydrate 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 Sulfate Heptahydrate Demand Share Forecast, 2019-2029

9. North America Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate 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 Sulfate Heptahydrate Market Size and Volume Forecast by Application
      9.4.1. Agriculture
      9.4.2. Medical
      9.4.3. Industrials
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Magnesium Sulfate Heptahydrate Market Size and Volume Forecast by Type
      9.7.1. Purity 99.5%
      9.7.2. Purity <99.5%
   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 Sulfate Heptahydrate Demand Share Forecast, 2019-2029

10. Latin America Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate 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 Sulfate Heptahydrate Market Size and Volume Forecast by Application
      10.4.1. Agriculture
      10.4.2. Medical
      10.4.3. Industrials
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Magnesium Sulfate Heptahydrate Market Size and Volume Forecast by Type
      10.7.1. Purity 99.5%
      10.7.2. Purity <99.5%
   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 Sulfate Heptahydrate Demand Share Forecast, 2019-2029

11. Europe Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate 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 Sulfate Heptahydrate Market Size and Volume Forecast by Application
      11.4.1. Agriculture
      11.4.2. Medical
      11.4.3. Industrials
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Magnesium Sulfate Heptahydrate Market Size and Volume Forecast by Type
      11.7.1. Purity 99.5%
      11.7.2. Purity <99.5%
   1.8. 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 Sulfate Heptahydrate Demand Share, 2019-2029

12. Asia Pacific Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate 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 Sulfate Heptahydrate Market Size and Volume Forecast by Application
      12.4.1. Agriculture
      12.4.2. Medical
      12.4.3. Industrials
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Magnesium Sulfate Heptahydrate Market Size and Volume Forecast by Type
      12.7.1. Purity 99.5%
      12.7.2. Purity <99.5%
   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 Sulfate Heptahydrate Demand Share, 2019-2029

13. Middle East & Africa Magnesium Sulfate Heptahydrate 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 Sulfate Heptahydrate 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 Sulfate Heptahydrate Market Size and Volume Forecast by Application
      13.4.1. Agriculture
      13.4.2. Medical
      13.4.3. Industrials
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Magnesium Sulfate Heptahydrate Market Size and Volume Forecast by Type
      13.7.1. Purity 99.5%
      13.7.2. Purity <99.5%
   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 Sulfate Heptahydrate Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Magnesium Sulfate Heptahydrate Market: Market Share Analysis
   14.2. Magnesium Sulfate Heptahydrate Distributors and Customers
   14.3. Magnesium Sulfate Heptahydrate Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Yingkou
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Litong
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Fengjun
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Giles
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Haviland
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. K+S
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Aldeon
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. ...
         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

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