Magnesium Phosphate Market Size by Key Players: Celtic Chemicals, KRONOX Lab Science, Triveni Chemicals, Refractory Minerals Company, Innophos and Jost Chemicals

Powered by a rather lucrative application prospect in agricultural and pharmaceutical domains, magnesium phosphate market has witnessed remarkable proceeds over the recent years. Testament of the fact is the billion-dollar valuation pegged by the market in 2017. A large credit of this goes to the technological advancements in medicinal sector that has significantly upscaled the product utilization as a DNA carrier in modern drugs. Moreover, extensive utilization of fused magnesium phosphate in fertilizers and water treatment applications has further boosted overall magnesium phosphate industry demand. For the records, the typical nutrient content in fused magnesium phosphate fertilizers is almost 20%, that gives it a competitive edge over other synthetic fertilizers. With the growing necessity of maintaining an optimum phosphorous content in soil, magnesium phosphate industry stands to gain immensely from fertilizer applications over the ensuing years.

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Nutritional deficiency, of late, has become a subject of discussion in the field of medical science, having been claimed as an important determinant triggering widespread epidemic of chronic diseases. Magnesium being a vital component of the nutrition chain has generated a substantial momentum in terms of its demand graph worldwide, particularly in the pharmaceutical space. The ongoing research programmes focusing on the harmful impact of magnesium deficiency and the subsequent requirement for magnesium repletion have created a considerable product demand worldwide.

As per reliable studies, magnesium deficiency has been cited as a root cause of many of the mental and physical ailments, driven by which magnesium phosphate market has strongly established its stance in the pharmaceutical sector. Magnesium is claimed to be fourth common mineral in human anatomy after calcium, sodium, and potassium and is involved as a cofactor in over 300 enzyme systems. The product is highly necessary for effective biomedical functioning of multiple metabolic pathways. Significant advancements in biomedical sector, particularly in the field of osteoporosis and arthrodesis, have also allowed magnesium phosphate industry to collect copious monetary benefits, given the product’s extensive deployment in bone graft substitutes.

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Magnesium Phosphate Market, By Product
• Monomagnesium phosphate
o End-use
 Food & beverages
 Bakery
 Nutritional supplement
 Others
 Pharmaceuticals
 Excipients
 Dental care
 Active ingredients
 Animal feed
 Fertilizers
 Others
• Di-magnesium phosphate
o End-use
 Food & beverages
 Bakery
 Nutritional supplement
 Dairy
 Others
 Pharmaceuticals
 Excipients
 Active ingredients
 Drinking water treatment
 Animal feed
 Fertilizers
 Others
• Trimagnesium phosphate
o End-use
 Food & beverages
 Bakery
 Nutritional supplement
 Dairy
 Others
 Pharmaceuticals
 Excipients
 Dental care
 Active ingredients
 Animal Feed
 Fertilizers
 Others

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North America accounted for over 15% of the global magnesium phosphate market share in 2017. Growth in pharmaceutical industry along with increasing healthcare spending in the region are key factors driving the industry demand. Potential applications as active pharmaceutical ingredients will support the industry demand.

Celtic Chemicals, KRONOX Lab Science, Triveni Chemicals, Refractory Minerals Company, Innophos and Jost Chemicals are among major magnesium phosphate market participants. Other prominent industry players include Manus Aktteva Biopharma, Nexgen Chemicals, Hap Seng, Pacific Chemicals Company, Shanpar, Redox and Nikunj Chemicals. Mergers and acquisitions, product innovations and supply agreements for business expansion are the major strategies adopted by industry participants. For instance, in August 2017, Innophos Holdings acquired Novel Ingredients to expand business in nutrition market and develop innovative ingredient solutions for customers.

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