March 23, 2023 09:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
NEWARK, Del, March 23, 2023 (GLOBE NEWSWIRE) -- The magnesium sulfate market is anticipated to expand its roots at an average CAGR of 5.7% between 2023 and 2033. The market is anticipated to cross a market share of US$ 1.68 billion by 2033 while it is likely to be valued at US$ 1.0 billion in 2023. magnesium sulphate food grade
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The competitors are focusing on producing application-specific products while saturating them according to the grade. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel. The key players in the market are K+S Aktiengesellschaft, Giles Chemical, Laizhou City Laiyu Chemical Co. Ltd, Laizhou Guangcheng Chemical Co., Ltd, Mani Agro Chem Pvt. Ltd., PQ Corporation, ZIBO JINXING CHEMICAL CO., LTD., Mag Products India Private Limited, Weifang Huakang Magnesium Sulphate Co., Ltd., Rech Chemical Co., Ltd.
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By Product Type, the Market of Magnesium Sulfate is segmented as:
By Grade, the Market of Magnesium Sulfate is segmented as:
By End User, the Market of Magnesium Sulfate is segmented as:
By Form, the Market of Magnesium Sulfate is segmented as:
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1. Executive Summary | Magnesium Sulfate Market
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Magnesium Carbonate Market Value: The global magnesium carbonate market was valued at around US$ 267.3 Mn in 2021, registering Y-O-Y growth of 4.4%. Magnesium carbonate sales are projected to increase at a CAGR of 4.7% by 2032.
Magnesium Hydroxide Market Share: Future Market Insights (FMI) has anticipated the demand of magnesium hydroxide to witness a year over year growth of 5.6% in 2022 reaching a value of about US$ 992.5 Mn by the end of 2022.
Ferric Sulfate Market Demand: The ferric sulfate market size is anticipated to grow at a CAGR of 3.9% from 2022 to 2032, from a value of US$ 977.7 Bn in 2022 to US$ 1433.38 Bn by 2032.
Persulfates Market Growth: The global persulfates market is expected to be worth US$ 869.7 Million in 2023, and it is anticipated to increase at a compound annual growth rate (CAGR) of 3.7% between 2023 and 2033.
Potassium Sulfate Market Size: According to Future Market Insights (FMI), the global potassium sulphate market registered a year-on-year (YoY) growth of 4.9% in 2021. Future Market Insights (FMI) forecasts the market value to top US$ 4,742.0 Mn in 2022.
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Kieserite powder Source: Magnesium Sulphate Market to be worth US$ 1,007.3 Million by the year 2030 - Comprehensive Research Report by FMI