Market Overview:
The global medical grade magnesium carbonate 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 carbonate from various applications, such as external use and internal use. In addition, the growing awareness about the benefits of magnesium carbonate is also contributing to the growth of this market. Based on type, basic magnesium carbonate held a major share of the global medical grade magnesium carbonate market in 2017. This can be attributed to its low cost and easy availability compared with other types of medical grade magnesium carbonates.
Product Definition:
Medical grade magnesium carbonate is a white powder that is used as an antacid and laxative. It can also be used to treat heartburn, stomach ulcers, and constipation.
Heavy Magnesium Carbonate:
Heavy magnesium carbonate is a special type of magnesium carbonate which has more than 80% of the saturation point. It is insoluble in water and alkali, but it can be dissolved by acids or bases. This compound has better solubility in organic solvents like alcohols, glycerin, acetone and ethyl ether as compared to in water.
Basic Magnesium Carbonate:
Magnesium carbonate is a chemical compound of magnesium and carbon. It is a highly crystalline solid that has been used as an antacid for centuries. Magnesium carbonate has the ability to neutralize stomach acid, which makes it useful in treating heartburn or indigestion. In addition, magnesium can help reduce diarrhea and constipation as well as lower blood pressure levels in those suffering from hypertension.
Application Insights:
Magnesium carbonate is used for various applications including external and internal use. In 2017, the external use segment dominated the global market with a share of over 92.0% in terms of revenue as well as volume. The high share is attributable to extensive usage of magnesium carbonate-based antacid products such as Tums and Maalox among other Magnesium Hydroxide gel based medicines among others in several countries including U.S.
Regional Analysis:
North America was the second-largest regional market in 2017. The region is expected to maintain its position through the forecast period owing to increasing magnesium content in the diet, rising awareness about health benefits of supplements, and growing demand for dietary supplements. In addition, presence of key manufacturers such as Avantor Performance Materials Inc.; Nouryon Calcium Corporation; and Magnesium Americas LLC will boost industry growth over the coming years.
Asia Pacific is anticipated to be one of fastest-growing regions during the forecast period due to high product demand from end-use industries such as food & beverage and pharmaceuticals. Increasing population coupled with rising consumer disposable income levels will also support regional market growth over next eight years. Europe held a significant share in global industry revenue owing to growing use of magnesium carbonate for producing glass fibers along with other applications such as fertilizers, plastics manufacturing etc., which has led it being one of major producers across globe since ancient times (Magnesite).
Growth Factors:
- Increasing demand for magnesium carbonate in medical and pharmaceutical applications
- Rising awareness about the benefits of magnesium carbonate among consumers
- Growing number of research studies supporting the use of magnesium carbonate in various medical applications
- Technological advancements that have made magnesium carbonate more accessible and affordable to manufacturers and consumers alike
- Stringent regulatory framework governing the use of magnesium carbonate in medical applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Grade Magnesium Carbonate Market Research Report
By Type
Heavy Magnesium Carbonate, Basic Magnesium Carbonate,
By Application
External Use, Internal Use,
By Companies
Naikai Salt Industries, Konoshima Chemical, Rahul Magnesia, SCORA S.A.S, Bakhtawar Industries, Meishen, Dandong Yulong, Liaoning Xinghai Pharmaceutical, Yixing Lark Fine Chemical
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Medical Grade Magnesium Carbonate Market Report Segments:
The global Medical Grade Magnesium Carbonate market is segmented on the basis of:
Types
Heavy Magnesium Carbonate, Basic Magnesium Carbonate,
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
External Use, Internal Use,
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:
- Naikai Salt Industries
- Konoshima Chemical
- Rahul Magnesia
- SCORA S.A.S
- Bakhtawar Industries
- Meishen
- Dandong Yulong
- Liaoning Xinghai Pharmaceutical
- Yixing Lark Fine Chemical
Highlights of The Medical Grade Magnesium Carbonate 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:
- Heavy Magnesium Carbonate
- Basic Magnesium Carbonate
- By Application:
- External Use
- Internal Use
- 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 Medical Grade Magnesium Carbonate 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?
Medical grade magnesium carbonate is a type of magnesium supplement that is specifically designed for use in medical settings. It is made from a pure form of the mineral magnesium, and it has been processed to ensure that it is free from contaminants. This makes it ideal for use in supplements or medications, and it can be used to treat a variety of conditions.
Some of the major players in the medical grade magnesium carbonate market are Naikai Salt Industries, Konoshima Chemical, Rahul Magnesia, SCORA S.A.S, Bakhtawar Industries, Meishen, Dandong Yulong, Liaoning Xinghai Pharmaceutical, Yixing Lark Fine Chemical.
The medical grade magnesium carbonate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Grade Magnesium Carbonate 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. Medical Grade Magnesium Carbonate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Grade Magnesium Carbonate Market - Supply Chain
4.5. Global Medical Grade Magnesium Carbonate Market Forecast
4.5.1. Medical Grade Magnesium Carbonate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Grade Magnesium Carbonate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Grade Magnesium Carbonate Market Absolute $ Opportunity
5. Global Medical Grade Magnesium Carbonate 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. Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Type
5.3.1. Heavy Magnesium Carbonate
5.3.2. Basic Magnesium Carbonate
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Grade Magnesium Carbonate 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. Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Application
6.3.1. External Use
6.3.2. Internal Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Grade Magnesium Carbonate 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. Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate 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. Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate Demand Share Forecast, 2019-2026
9. North America Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Application
9.4.1. External Use
9.4.2. Internal Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Type
9.7.1. Heavy Magnesium Carbonate
9.7.2. Basic Magnesium Carbonate
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 Medical Grade Magnesium Carbonate Demand Share Forecast, 2019-2026
10. Latin America Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Application
10.4.1. External Use
10.4.2. Internal Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Type
10.7.1. Heavy Magnesium Carbonate
10.7.2. Basic Magnesium Carbonate
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 Medical Grade Magnesium Carbonate Demand Share Forecast, 2019-2026
11. Europe Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Application
11.4.1. External Use
11.4.2. Internal Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Type
11.7.1. Heavy Magnesium Carbonate
11.7.2. Basic Magnesium Carbonate
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 Medical Grade Magnesium Carbonate Demand Share, 2019-2026
12. Asia Pacific Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Application
12.4.1. External Use
12.4.2. Internal Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Type
12.7.1. Heavy Magnesium Carbonate
12.7.2. Basic Magnesium Carbonate
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 Medical Grade Magnesium Carbonate Demand Share, 2019-2026
13. Middle East & Africa Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate 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 Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Application
13.4.1. External Use
13.4.2. Internal Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Grade Magnesium Carbonate Market Size and Volume Forecast by Type
13.7.1. Heavy Magnesium Carbonate
13.7.2. Basic Magnesium Carbonate
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 Medical Grade Magnesium Carbonate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Grade Magnesium Carbonate Market: Market Share Analysis
14.2. Medical Grade Magnesium Carbonate Distributors and Customers
14.3. Medical Grade Magnesium Carbonate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Naikai Salt Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Konoshima Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rahul Magnesia
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SCORA S.A.S
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bakhtawar Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Meishen
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dandong Yulong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Liaoning Xinghai Pharmaceutical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yixing Lark Fine 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. 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
