Latin America Magnesium Nitrate Market Size, Share & Trends Analysis Report By Application (Additives, Catalysts), By Country (Brazil, Argentina, Chile, Colombia), And Segment Forecasts, 2019 - 2026

Published: Oct, 2019 | Pages: 73 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The Latin America magnesium nitrate market is projected to reach USD 113.5 million by 2026, according to a new report by Grand View Research, Inc. registering a 4.5% CAGR during the forecast period. Growing demand from fertilizers and explosives manufacturing industry is expected to drive market growth over the forecast period.

Magnesium nitrate is used as a catalyst for making explosives as it is a strong oxidizer and enhances the combustion of other substances that are utilized in the production of explosives. In the mining industry, explosives are used to extract the ore and discover ore-bodies. Latin America comprises of some of the largest and profitable mines, which is one of the prominent reasons for the robust growth of the mining industry. One of the largest mines of Latin America, Yonacoda gold mine, is situated in Peru and has been recognized as the second-largest open-pit gold mine in the world

Brazil is one of the fastest emerging economies in Latin America, with the chemical and agriculture sector as the backbone of a growing economy. The ability of magnesium nitrate to function as a stabilizer and preservative is likely to increase its utilization in the chemical industry. In addition, with a total arable land availability of 329 million hectares, the country designated 24.3% of the land to produce perennial crops and 52.1% for pastures.

Further key findings from the report suggest:

• The additive segment accounted for the largest market share of 64.0 %, in terms of volume, in 2018 owing to the increase in consumption of fertilizers in agriculture sectors

• Nitric acid application is expected to grow at a CAGR of 3.7% from 2019 to 2026 owing to rising demand in the production of explosives and fertilizers

• Chile is the fastest growing country with a CAGR of 4.6%, in terms of volume, on account of increased mining activities in the region, particularly due to the government regulations encouraging controlled mining in order to boost economy

• Mexico dominated the Latin America magnesium nitrate market with a volume share of 21.1% in 2018 due to growth in consumption of synthetic fertilizers and flourishing mining sector

• Some of the key industry participants are Avantor Performance Materials, Haifa Mexico, Sigma Aldrich, American Elements, Van Iperen International, Yara International, Neochim PLC, AKO Kasei Co. Ltd., and Rongyu Chemical Co. Ltd.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope And Assumptions
                 1.3 List To Data Sources

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends, & Scope
                 3.1 Value Chain Analysis
                 3.2 Market Drivers Analysis
                     3.2.1 Increasing Demand For Synthetic Fertilizers In Agricultural Sector
                     3.2.2 Increasing Consumption Of Explosives In Mining Industry
                 3.3 Market Restraint Analysis
                     3.3.1 Threat Of Growing Organic Farming Sector To Synthetic Fertilizers Industry In Latin America Region
                 3.4 Opportunities And Challenges
                     3.4.1 Opportunity - Viable Substitute To Sulfuric Acid And Other Nitrate Salts In Extractive Distillation
                     3.4.2 Challenge - Supply Chain Issues
                 3.5 Substitutes Impact Analysis (Present & Future)
                 3.6 Trade Landscape
                     3.6.1 Imports
                     3.6.2 Exports
                 3.7 Average Selling Prices
                     3.7.1 Import Price Trend Analysis, By Country, 2014 - 2018 (USD/Kg)
                     3.7.2 Consumer Price Trend
                 3.8 Production Landscape
                 3.9 Demand & Supply Scenario
                 3.10 Application Vs Product Function Matrix
                 3.11 Company Mapping Analysis

Chapter 4 Latin America Magnesium Nitrate Market: Application Outlook
                 4.1 Application Market Introduction
                 4.2 Magnesium Nitrate Market Estimates & Forecast, By Application
                     4.2.1 Additives
                     4.2.2 Catalysts

Chapter 5 Latin America Magnesium Nitrate Market: Regional Outlook
                 5.1 Regional Market Introduction
                 5.2 Magnesium Nitrate Market Estimates & Forecast, By Region
                     5.2.1 Brazil
                         5.2.1.1 Market Volume & Revenue, By Application
                     5.2.2 Argentina
                         5.2.2.1 Market Volume & Revenue, By Application
                     5.2.3 Colombia
                         5.2.3.1 Market Volume & Revenue, By Application
                     5.2.4 Chile
                         5.2.4.1 Market Volume & Revenue, By Application
                     5.2.5 Mexico
                         5.2.5.1 Market Volume & Revenue, By Application
                     5.2.6 Peru
                         5.2.6.1 Market Volume & Revenue, By Application
                     5.2.7 Ecuador
                         5.2.7.1 Market Volume & Revenue, By Application

Chapter 6 Competitive Analysis
                 6.1 Company Heat Map Analysis
                 6.2 List Of Key Suppliers, By Country
                 6.3 Potential Consumers Of Magnesium Nitrate, By Country
                 6.4 List Of Key Importers
                 6.5 List Of Key Exporters
                 6.6 Magnesium Nitrate Production Plant Location

Chapter 7 Company Profiles
                 7.1 Avantor Performance Materials LLLC
                     7.1.1 Company Introduction
                     7.1.2 General Information
                     7.1.3 Key Financial Data
                     7.1.4 Product Portfolio
                     7.1.5 Technical Specifications
                     7.1.6 Key Developments
                 7.2 Haifa Mexico
                     7.2.1 Company Introduction
                     7.2.2 General Information
                     7.2.3 Key Financial Data
                     7.2.4 Product Portfolio
                     7.2.5 Technical Specifications
                     7.2.6 Key Developments
                 7.3 Sigma Aldrich Co.
                     7.3.1 Company Introduction
                     7.3.2 General Information
                     7.3.3 Key Financial Data
                     7.3.4 Product Portfolio
                     7.3.5 Technical Specifications
                     7.3.6 Key Developments
                 7.4 American Elements
                     7.4.1 Company Introduction
                     7.4.2 General Information
                     7.4.3 Key Financial Data
                     7.4.4 Product Portfolio
                     7.4.5 Technical Specifications
                     7.4.6 Key Developments
                 7.5 Van Iperen International
                     7.5.1 Company Introduction
                     7.5.2 General Information
                     7.5.3 Key Financial Data
                     7.5.4 Product Portfolio
                     7.5.5 Technical Specifications
                     7.5.6 Key Developments
                 7.6 Yara International
                     7.6.1 Company Introduction
                     7.6.2 General Information
                     7.6.3 Key Financial Data
                     7.6.4 Product Portfolio
                     7.6.5 Key Developments
                 7.7 Neochim Plc
                     7.7.1 Company Introduction
                     7.7.2 General Information
                     7.7.3 Key Financial Data
                     7.7.4 Product Portfolio
                     7.7.5 Technical Specifications
                     7.7.6 Key Developments
                 7.8 Ako Kasei Co., Ltd.
                     7.8.1 Company Introduction
                     7.8.2 General Information
                     7.8.3 Key Financial Data
                     7.8.4 Product Portfolio
                     7.8.5 Technical Specifications
                 7.9 Rongyu Chemical Co., Ltd.
                     7.9.1 Company Introduction
                     7.9.2 General Information
                     7.9.3 Key Financial Data
                     7.9.4 Product Portfolio
                     7.9.5 Technical Specifications
                 7.10 Dupont
                     7.10.1 Company Introduction
                     7.10.2 General Information
                     7.10.3 Key Financial Data
                     7.10.4 Product Portfolio
                     7.10.5 Technical Specifications
                     7.10.6 Key Developments

List of Tables

Table 1 Magnesium nitrate import statistics, by country 2014 - 2018 (Kg)
Table 2 Magnesium nitrate import statistics, by country 2014 - 2018 (USD Million)
Table 3 Magnesium nitrate export statistics, by country 2014 - 2018 (Kg)
Table 4 Magnesium nitrate statistics, by country 2014 - 2018 (USD Million)
Table 5 Formulators of nitric acid to magnesium nitrate, in Latin America
Table 6 Magnesium nitrate market volume & revenue, in additives, 2014 - 2026 (Kilotons) (USD Million)
Table 7 Magnesium nitrate market volume, in additives application, 2014 - 2026 (Kilotons)
Table 8 Magnesium nitrate market revenue, in additives application, 2014 - 2026 (USD Million)
Table 9 Magnesium nitrate market volume & revenue, in catalysts, 2014 - 2026 (Kilotons) (USD Million)
Table 10 Magnesium nitrate market volume, in catalysts application, 2014 - 2026 (Kilotons)
Table 11 Magnesium nitrate market revenue, in catalysts application, 2014 - 2026 (USD Million)
Table 12 Brazil magnesium nitrate market estimate and forecasts, 2014 - 2026 (Kilotons) (USD Million)
Table 13 Brazil magnesium nitrate market volume, by application, 2014 - 2026 (Kilotons)
Table 14 Brazil magnesium nitrate market revenue, by application, 2014 - 2026 (USD Million)
Table 15 Brazil magnesium nitrate market volume, in additives applications, 2014 - 2026 (Kilotons)
Table 16 Brazil magnesium nitrate market revenue, in additives applications, 2014 - 2026 (USD Million)
Table 17 Brazil magnesium nitrate market volume, in catalysts applications, 2014 - 2026 (Kilotons)
Table 18 Brazil magnesium nitrate market revenue, in catalysts applications, 2014 - 2026 (USD Million)
Table 19 Argentina magnesium nitrate market estimate and forecasts, 2014 - 2026 (Kilotons) (USD Million)
Table 20 Argentina magnesium nitrate market volume, by application, 2014 - 2026 (Kilotons)
Table 21 Argentina magnesium nitrate market revenue, by application, 2014 - 2026 (USD Million)
Table 22 Argentina magnesium nitrate market volume, in additives applications, 2014 - 2026 (Kilotons)
Table 23 Argentina magnesium nitrate market revenue, in additives applications, 2014 - 2026 (USD Million)
Table 24 Argentina magnesium nitrate market volume, in catalysts applications, 2014 - 2026 (Kilotons)
Table 25 Argentina magnesium nitrate market revenue, in catalysts applications, 2014 - 2026 (USD Million)
Table 26 Colombia magnesium nitrate market estimate and forecasts, 2014 - 2026 (Kilotons) (USD Million)
Table 27 Colombia magnesium nitrate market volume, by application, 2014 - 2026 (Kilotons)
Table 28 Colombia magnesium nitrate market revenue, by application, 2014 - 2026 (USD Million)
Table 29 Colombia magnesium nitrate market volume, in additives applications, 2014 - 2026 (Kilotons)
Table 30 Colombia magnesium nitrate market revenue, in additives applications, 2014 - 2026 (USD Million)
Table 31 Colombia magnesium nitrate market volume, in catalysts applications, 2014 - 2026 (Kilotons)
Table 32 Colombia magnesium nitrate market revenue, in catalysts applications, 2014 - 2026 (USD Million)
Table 33 Chile magnesium nitrate market estimate and forecasts, 2014 - 2026 (Kilotons) (USD Million)
Table 34 Chile magnesium nitrate market volume, by application, 2014 - 2026 (Kilotons)
Table 35 Chile magnesium nitrate market revenue, by application, 2014 - 2026 (USD Million)
Table 36 Chile magnesium nitrate market volume, in additives applications, 2014 - 2026 (Kilotons)
Table 37 Chile magnesium nitrate market revenue, in additives applications, 2014 - 2026 (USD Million)
Table 38 Chile magnesium nitrate market volume, in catalysts applications, 2014 - 2026 (Kilotons)
Table 39 Chile magnesium nitrate market revenue, in catalysts applications, 2014 - 2026 (USD Million)
Table 40 Mexico magnesium nitrate market estimate and forecasts, 2014 - 2026 (Kilotons) (USD Million)
Table 41 Mexico magnesium nitrate market volume, by application, 2014 - 2026 (Kilotons)
Table 42 Mexico magnesium nitrate market revenue, by application, 2014 - 2026 (USD Million)
Table 43 Mexico magnesium nitrate market volume, in additives applications, 2014 - 2026 (Kilotons)
Table 44 Mexico magnesium nitrate market revenue, in additives applications, 2014 - 2026 (USD Million)
Table 45 Mexico magnesium nitrate market volume, in catalysts applications, 2014 - 2026 (Kilotons)
Table 46 Mexico magnesium nitrate market revenue, in catalysts applications, 2014 - 2026 (USD Million)
Table 47 Peru magnesium nitrate market estimate and forecasts, 2014 - 2026 (Kilotons) (USD Million)
Table 48 Peru magnesium nitrate market volume, by application, 2014 - 2026 (Kilotons)
Table 49 Peru magnesium nitrate market revenue, by application, 2014 - 2026 (USD Million)
Table 50 Peru magnesium nitrate market volume, in additives applications, 2014 - 2026 (Kilotons)
Table 51 Peru magnesium nitrate market revenue, in additives applications, 2014 - 2026 (USD Million)
Table 52 Peru magnesium nitrate market volume, in catalysts applications, 2014 - 2026 (Kilotons)
Table 53 Peru magnesium nitrate market revenue, in catalysts applications, 2014 - 2026 (USD Million)
Table 54 Ecuador magnesium nitrate market estimate and forecasts, 2014 - 2026 (Kilotons) (USD Million)
Table 55 Ecuador magnesium nitrate market volume, by application, 2014 - 2026 (Kilotons)
Table 56 Ecuador magnesium nitrate market revenue, by application, 2014 - 2026 (USD Million)
Table 57 Ecuador magnesium nitrate market volume, in additives applications, 2014 - 2026 (Kilotons)
Table 58 Ecuador magnesium nitrate market revenue, in additives applications, 2014 - 2026 (USD Million)
Table 59 Ecuador magnesium nitrate market volume, in catalysts applications, 2014 - 2026 (Kilotons)
Table 60 Ecuador magnesium nitrate market revenue, in catalysts applications, 2014 - 2026 (USD Million)
Table 61 Magnesium nitrate company heat map analysis

List of Figures

Fig. 1 Magnesium nitrate market - Value chain analysis
Fig. 2 Magnesium nitrate market - Key market driver impact
Fig. 3 Latin America nitrogen fertilizer consumption, 2015 - 2020
Fig. 4 Latin America: list of top mines by country
Fig. 5 Magnesium nitrate market - Key market restrain impact
Fig. 6 Latin America area covered by organic agriculture, 2017
Fig. 7 Latin America fertilizer consumption, 2010 - 2016 (%)
Fig. 8 Latin America magnesium nitrate application mapping
Fig. 9 Market revenue, by application, 2018 & 2026 (USD Million)
Fig. 10 Market volume, by region, 2018 & 2026 (Kilotons)