Magnesium Chloride Market Introduction and Overview
According to SPER market research, ‘Magnesium Chloride Market Size- By Product, By End-User – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Magnesium Chloride Market is predicted to reach 828.33 million by 2034 with a CAGR of 4.54%.
Magnesium chloride, abbreviated as MgCl2, is an inorganic mineral salt derived from seawater and brine. It usually manifests as an odourless, colourless, bitter powdery material. It is very soluble in water and tends to absorb moisture from the surroundings. It is commercially obtained by combining magnesium hydroxide and hydrochloric acid.
Restraints:
Along with the potential, the magnesium chloride market faces a number of obstacles. One key difficulty is competition from other materials such as sodium chloride and calcium chloride, which can be less expensive in some applications. Furthermore, the awareness and perception of magnesium chloride as a superior option must be increased, particularly in areas where traditional de-icing materials predominate.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Product, By End-User
Regions covered
Compass Minerals International, Inc, K+S Aktiengesellschaft, Israel Chemicals Ltd, Shandong
Companies Covered
Compass Minerals International, Inc, K+S Aktiengesellschaft, Israel Chemicals Ltd, Shandong Haihua Group Co., Ltd, Huitai Investment Group Co., Ltd, Interpid Postah, Inc, Tianjin Changlu Haiging Group Co., Ltd, DEUSA international GmbH, Nedmag B.V, Nikomag OJSC.
Magnesium Chloride Market Segmentation:
By Product:
Based on the Product, Global Magnesium Chloride Market is segmented as; Anhydrous Magnesium Chloride, Hexahydrate Magnesium Chloride.
By End-User:
Based on the End-User, Global Magnesium Chloride Market is segmented as; Textile, Wastewater Treatment Chemicals, Healthcare, Construction, Others.
By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.
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