Global Magnesium Chloride Market Outlook 2017-2022

The magnesium chloride market is subject to witness a substantial growth due to the increasing demand for magnesium salts from various end-user industries. Growing demand from industries including aerospace and automotive sector are expected to boost market demand for magnesium chloride over the forecast period. Globally, the magnesium chloride market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the market. 

Growing demand for magnesium chloride and its derivatives such as magnesium carbonate, magnesium hydroxide, and magnesium oxide from food industry and pharmaceutical sector, are expected foster the growth of magnesium chloride market over the forecast period. In addition, increasing adoption of magnesium chloride and its derivatives for deicing applications is anticipated to play major role in market growth over the next five years. Increasing manufacturing activities across the Asia Pacific region, particularly in China, owing to increasing demand from personal care & cosmetics industry is driving the growth of magnesium chloride market, in the recent years. 

However, easy availability of alternatives products for deicing application and volatility in the cost of raw materials are key restraining factor for industry growth in the last few years. Yet, increasing adoption of magnesium chloride for the synthesis of magnesium derivatives and building material are projected to stimulate industry expansion across the globe in the near future. The recent technological advancement in chemical manufacturing sector and development novel technologies are expected to offer lucrative growth opportunities for industry players over the next five years.

Growing use of magnesium chloride for maintaining high water quality standards, particularly in developed economies from European region and North America region is expected to positively affect market growth. Use of magnesium chloride in wastewater treatment processes in chemical industries, power plants, and municipal waste treatment centers is predicted to favor market growth in the coming years. Factors such as rising population, rapid urbanization, vast manufacturing sector and oil and gas production are majorly contributing in the success of magnesium chloride market in the recent years. 

The magnesium chloride market is broadly categorized into five major segments based on the application type such as automotive sector, aerospace sector, building & construction sector, food industry and pharmaceutical & personal care industry. The pharmaceutical & personal care industry is considered as one of the fastest growing segment in the magnesium chloride market with substantial revenue generation in the last few years. 

Growing popularity of magnesium chloride in the pharmaceutical & personal care segment is attributed to the use of magnesium chloride as a raw material for cosmetic, wellness and medical purposes. The food segment has also witnessed substantial growth owing to unique properties associated with magnesium chloride such as food acidity-level regulator and color retaining agent.

The magnesium chloride market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in chemical manufacturing sector, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure. 

Asia-Pacific region is predicted to hold major market share in the magnesium chloride market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing production of magnesium metal and derivatives, rising demand from pharmaceutical and personal care sector, robust growth in aerospace & automotive sector, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the magnesium chloride market are Compass Minerals Internationals, Inc., Israel Chemicals Ltd., K+S KALI GmbH, Nedmag B.V., Anron Chemicals Co., Dynea AS, Yulin Lieran Ltd., Enviromedica Co., Mubychem Group, Shenzhou Chemical Co., Ltd., Shouguang Haixu Chemical Co., Ltd., and Tianjin Changlu Haijing Group Co., Ltd.

The global market for magnesium chloride (CAS 7786-30-3) will grow at a CAGR of 2.5% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (deicing & dust control, textile, construction, chemical, fertilizer, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the magnesium chloride market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the magnesium chloride market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the magnesium chloride market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global magnesium chloride market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the deicing & dust control, textile, construction, chemical, fertilizer, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global magnesium chloride market.

Key Applications
- Deicing & Dust Control
- Textile
- Construction
- Chemical
- Fertilizer

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Compass Minerals
- ICL
- K+S KALI GmbH
- Nedmag
- Tianjin Changlu Haijing
- Tianjin Changlu Hangu
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global magnesium chloride market?
- What are the challenges to market growth?
- Who are the key players in the magnesium chloride market?
- What are the market opportunities and threats faced by the key players?