Magnesium carbonate is an inorganic salt and has the formula of MgCO3. Also, it is known as barringtonite or hydro magnesite or magnesite. It plays the role of an antacid and fertilizer as well. Magnesium carbonate is widely utilized in the making of materials capable of tolerating too high temperatures. This chemical is soluble in any inorganic solvent or water and has a high melting point of around 2825?C. It is utilized across many industries, such as plastic, rubber, and pharmaceutical industries.
MARKET DYNAMICS
The magnesium carbonate minerals market has witnessed a significant growth owing to factors such as growth of the electronic vehicle industry. Moreover, the increasing penetration of magnesium alloys in the automotive & aerospace industry have been providing a huge market opportunity for the key players operating in the magnesium carbonate minerals market. However, volatile prices is projected to hamper the overall growth of the magnesium carbonate minerals market.
MARKET SCOPE
The "Global Magnesium Carbonate Minerals Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the magnesium carbonate minerals market with detailed market segmentation mineral form, end user, and geography. The global magnesium carbonate minerals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnesium carbonate minerals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global magnesium carbonate minerals market is segmented on the basis of mineral form and end user. On the basis of mineral form, the global magnesium carbonate minerals market is divided into magnesite, hydromagnesite and nesquehonite. On the basis of application, the global magnesium carbonate minerals market is divided into pharmaceuticals & personal care, refractory bricks & kilns, steel & metallurgy, ceramics, building & flooring materials, chemicals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global magnesium carbonate minerals market based on various segments. It also provides marketsize and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnesium carbonate minerals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the magnesium carbonate minerals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the magnesium carbonate minerals market in these regions.
MARKET PLAYERS
The reports cover key developments in the magnesium carbonate minerals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market pl ayers from magnesium carbonate minerals market is anticipated to lucrative growth opportunities in the future with the rising demand for magnesium carbonate minerals in the global market. Below mentioned is the list of few companies engaged in the magnesium carbonate minerals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the magnesium carbonate minerals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Graymont Limited
- Lhoist Group
- Nittetsu Mining Co., Ltd.
- Omya Group
- SCR-Sibelco N.V.
- Specialty Minerals Inc.
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.