Global Anhydrous Magnesium Sulfate Market Insights and Forecast to 2028

SKU ID : QYR-19895761 | Publishing Date : 06-Jan-2022 | No. of pages : 114

Anhydrous magnesium sulfate, chemical formula: MgSO4, colorless orthorhombic crystal. Soluble in water, ethanol, glycerin, insoluble in acetone. It is used in the pharmaceutical and printing and dyeing industries. It can also be used as a desiccant, feed, fertilizer or compound fertilizer. It is also a raw material for the production of magnesium oxide.
Market Analysis and Insights: Global Anhydrous Magnesium Sulfate Market
Due to the COVID-19 pandemic, the global Anhydrous Magnesium Sulfate market size is estimated to be worth US$ 128.8 million in 2022 and is forecast to a readjusted size of US$ 156.4 million by 2028 with a CAGR of 3.3% during the review period. Fully considering the economic change by this health crisis, Industrial Grade Anhydrous Magnesium Sulfate accounting for % of the Anhydrous Magnesium Sulfate global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Industry segment is altered to an % CAGR throughout this forecast period.
Among various applications of anhydrous magnesium sulfate, demand from industrial accounts for the largest share. In 2019, the field consumed approximately 73% of the market share, mainly from the paper industry and ABS industry.
Asia Pacific is the largest consumption region of anhydrous magnesium sulfate, with a market share of about 54% in 2019. Europe and North America account for a huge part of the rest, occupying nearly 32% and 8% of the global market, respectively.
The key players in the global Anhydrous Magnesium Sulfate market are like K+S and Laiyu Chemical, Hongda Xingye , Laizhou Kangxin, etc. The top 5 companies totally hold almost 65% of the global market in 2019.
In terms of production side, this report researches the Anhydrous Magnesium Sulfate capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Anhydrous Magnesium Sulfate by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Anhydrous Magnesium Sulfate Scope and Segment
Anhydrous Magnesium Sulfate market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Anhydrous Magnesium Sulfate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Industrial Grade Anhydrous Magnesium Sulfate
Food Grade Anhydrous Magnesium Sulfate
Segment by Application
Industry
Agriculture
Food and Pharmaceutical Industry
By Company
K+S
UMAI CHEMICAL
Gee Gee Kay
Laiyu Chemical
Laizhou Kangxin
Laizhou Litong
Hongda Xingye
Laizhou Shouxi
Zibo Jinxing
Yantai Sanding
Weifang Huakang
Production by Region
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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