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.
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:
- Yingkou
- Litong
- Fengjun
- Giles
- Haviland
- K+S
- Aldeon
- ...
Highlights of The Magnesium Sulfate Heptahydrate 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:
- Purity 99.5%
- Purity <99.5%
- By Application:
- Agriculture
- Medical
- Industrials
- 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 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
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 heptahydrate is a type of magnesium supplement that is derived from the mineral magnesium. Magnesium sulfate heptahydrate is an ionic compound and has the chemical formula MgSO4·7H2O. This compound is white to light yellow in color and has a slightly bitter taste. Magnesium sulfate heptahydrate can be found as a tablet, capsule, or powder form.
Some of the major companies in the magnesium sulfate heptahydrate market are Yingkou, Litong, Fengjun, Giles, Haviland, K+S, Aldeon.
The magnesium sulfate heptahydrate market is expected to register a CAGR of 5.5%.
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
