Magnesium sulphate is a type of chemical compound that is comprised of magnesium, oxygen and sulfur. It is present as a white crystalline solid. Magnesium sulphate occurs in mineral springs, seawater and minerals like epsomite and kieserite. It is found in various types such as heptahydrate, anhydrous and monohydrate. It also acts a crucial nutrient in the growth of plants. Epsom salt is the most common form of magnesium sulphate. Magnesium sulphate can be prepared artificially by neutralizing magnesium carbonate or oxide along with sulfuric acid to obtain it in heptahydrate form.
MARKET DYNAMICS
The rising need for the attainment of high agricultural yields drives the market for magnesium sulphate market. The rise in the usage of magnesium sulphate in personal care and cosmetics industry also supports the market growth. However, health problems such as heart disturbances, breathing difficulties, weakness and sweating etc caused by the regular injection of magnesium sulphate restricts the fruitful development of the magnesium sulphate market. An upsurge in the demand for magnesium sulphate in the pharmaceutical industry is expected to boost the growth of the market in the near future.
MARKET SCOPE
The "Global Magnesium Sulphate Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the magnesium sulphate market with detailed market segmentation by form, type, application and geography. The global magnesium sulphate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnesium sulphate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global magnesium sulphate market is segmented on the basis of form, type and application. On the basis of form, the magnesium sulphate market is segmented into crystal, powder and granules. As per type the market is broken into heptahydrate, anhydrous, monohydrate and others. On the basis of application the market is bifurcated into fertilizer, medical, food additive, industrial, chemical 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 sulphate market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnesium sulphate 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 sulphate 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 sulphate market in these regions.
MARKET PLAYERS
The reports cover key developments in the magnesium sulphate 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from magnesium sulphate market are anticipated to lucrative growth opportunities in the future with the rising demand for magnesium sulphate market in the global market. Below mentioned is the list of few companies engaged in the magnesium sulphate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the magnesium sulphate 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.
- Acuro Organics Limited
- China Nafine Group International Co., Ltd.
- Giles Chemical
- K+S Aktiengesellschaft
- Laizhou Guangcheng Chemical Co. Ltd.
- Laizhou Zhongda Chemical Co. Ltd.
- Mani Agro Chem Pvt Ltd.
- Morton Salt, Inc.
- PQ Corporation
- Umai Chemical Co., Ltd.
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