openPR Logo
Press release

Magnesium Nitrate Hexahydrate Market Current Trend Analysis 2018-2028

10-31-2018 01:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Magnesium Nitrate Hexahydrate Market Current Trend Analysis

Magnesium nitrate hexahydrate continues to witness a significant surge in demand in light of its robust adoption as an efficacious dehydrating, oxidizing, and stabilizing agent across various industrial sectors. Its effectiveness in fertilizer production, particularly nitrogen fertilizers, has been expected to pose a proliferative impact on growth of the magnesium nitrate hexahydrate market. Additionally, explosives and fireworks production involves extensive use of magnesium nitrate hexahydrate as a dehydrating agent as well as a catalyst.

However, given the increasing concerns with regard to environmental protection policies that aim at curtailing pollution levels, regulatory bodies have imposed a ban on the use of fireworks. This is expected to keep growth of the magnesium nitrate hexahydrate market in check. Nevertheless, remarkable adoption of magnesium nitrate hexahydrate in the petrochemical industry will offset the confined market growth prospects against the backdrop of fireworks’ prohibition.

publishing image of magnesium nitrate hexahydrate market
Fact.MR has recently published a study that prognosticates the magnesium nitrate hexahydrate market to showcase a modest rise during the forecast period (2018-2028). The study has envisioned the synthetic process used for manufacturing of magnesium nitrate hexahydrate to account for significantly larger market share than the nitromagnesite process. However, revenues from nitromagnesite are set to grow at a comparatively higher rate through 2028.

Request For Report Sample at https://www.factmr.com/connectus/sample?flag=S&rep_id=913

Magnesium Nitrate Hexahydrate Market: High Adoption as Additives, Trailed by Use in Explosives Manufacturing

Magnesium nitrate hexahydrate seeks extensive employment as soil additives, food & feed additives and specialty chemical additives, in light of its effective functionalities including solubilizing and oxidizing. Leading stakeholders in the magnesium nitrate hexahydrate market have gained prominence in processing & supplying this high-in-demand chemical. The property of magnesium nitrate hexahydrate to build chlorophyll in trees and plants has significantly led its adoption as an effective soil additive for promoting the vegetable crop growth.

Growth of the magnesium nitrate hexahydrate market will be led by adoption of the chemical as additives, followed by its robust employment in manufacturing explosives. Widely demanded for use in combination with other magnesium salts, magnesium nitrate hexahydrate is formulated under strict supervision. Prominent companies in the magnesium nitrate hexahydrate market are offering this increasingly essential chemical at reasonable prices to retain their position in this highly competitive market.

Magnesium nitrate hexahydrate has been capaciously utilized as a catalyst and a dehydrating agent in the production of explosives. With widespread adoption of explosives in the military, construction, and mining industry, coupled with growing mining activities worldwide, growth of the magnesium nitrate hexahydrate market will remain sustained in the near future. Additionally, robust expenditure in the defense sector, which has proliferated the use of explosives, will continue to underpin expansion of the magnesium nitrate hexahydrate market.

Magnesium Nitrate Hexahydrate Market: Rising Adoption in Petrochemical Industry to Pave Lucrative Growth Avenues

Abundant employment of magnesium nitrate hexahydrate as a stabilizer in the petrochemical manufacturing, in light of its preservative effect, is likely to pave remunerative growth avenues for the magnesium nitrate hexahydrate market. The petrochemical industry plays a vital role in a nation’s economic development, facilitating supply of fundamental & imperative raw materials to a wide range of industries. Steady growth in the petrochemical industry worldwide, particularly in emerging countries of Asia-Pacific excluding Japan (APEJ), such as China, will continue to fuel adoption of the magnesium nitrate hexahydrate in the upcoming years.

Favorable thermal properties of magnesium nitrate hexahydrate has led its adoption as a phase change material (PCM), as this quality chemical imparts high heat during fusion. The heat released can further be leveraged as a lucrative source of energy in various industrial sectors. Growth of the magnesium nitrate hexahydrate is likely to be underpinned by use of the chemical as a phase change material in the use of urban waste heat, which emanates from co-generation systems. Additionally, benefits of this chemical in the formulation of biocidal products, plant protection products, processing aids, and fertilizers will further drive expansion of the magnesium nitrate hexahydrate market.

Magnesium Nitrate Hexahydrate Market: Growth Driven by High Demand for Nitrogen Fertilizers

Manufacturing of nitrogen fertilizers involves use of magnesium nitrate hexahydrate, as the compound is a rich source of nitrogen. Growing requirement for nitrogen fertilizers in tandem with the steadily growing agricultural sector will continue to fuel growth of the magnesium nitrate hexahydrate market. The Food and Agricultural Organization (FAO) states that demand for nitrogen fertilizers across the globe has remained significant in recent years, with sales estimated to close in on 119,418,000 tons by 2018-end. Given such robust sales of nitrogen fertilizers, growth of the magnesium nitrate hexahydrate market will continue to surge in the foreseeable future.

Significant benefits of magnesium in the fixation of nitrogen, and controls nutrient uptake in plants, has further translated into robust use of this compound in the fertilizer industry, particularly in nitrogen fertilizer production. As magnesium nitrate hexahydrate is a core source of nitrogen, steady adoption in the fertilizer industry will significantly impact growth of the magnesium nitrate hexahydrate.

Report Analysis at https://www.factmr.com/report/913/magnesium-nitrate-hexahydrate-market

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Magnesium Nitrate Hexahydrate Market Current Trend Analysis 2018-2028 here

News-ID: 1342723 • Views: 105

More Releases from Fact.MR

Increasing Commuter Preference for Shared Taxi Will Boost the Demand for Minibus …
Global value for the minibus market reached ~ US$ 8.3 Bn in 2018, as disclosed by the new research study by Fact.MR. According to the report, the minibus market is predicted to grow by CAGR of ~3.7% in the forecast period, primarily influenced by prominent players investing in manufacturing operations in the global minibus market landscape. According to the research, an increasing center of attention on new developments and the demand
Ergonomic Designs of Furniture and a Favourable Policy Framework for Newer Entra …
The global office furniture market is expected to create ~ US$ 22 Billion worth of incremental opportunity over the forecast period. Since the last two decades, the number of small, micro, and medium-sized enterprises has increased drastically in developed and developing countries. Moreover, constant provision from private investments and governments is fueling the growth of the private sector, which is further propelling the office furniture market growth to a great
Cyclopentane Market Statistics Based on Upcoming Chemical Industry Trends and Su …
The adoption of cyclopentane in commercial refrigerators has opened up new opportunities for the global cyclopentane market. Cyclopentane is popularly used as a foam blowing agent for polyurethane foams that are used to insulate freezers and refrigerators. The commercial refrigerator sector is experiencing a healthy growth across the globe, with Asia pacific region as the fastest growing region. The importance of commercial refrigerators is also increasing due to fluctuating climatic
Advanced Technologies in Blow Molded Containers Market Will Offer Lucrative Grow …
The global food & beverage industry accounts for the lion’s share in the blow molded containers market. The industry has shown fast pace growth in the recent years owing to rise in population and increase in per capita consumer spending, thereby driving expansion in the blow molded containers market. Concerning revenue, the global blow molded containers market is projected to expand at a CAGR of ~ 6% during the forecast

All 5 Releases


More Releases for Magnesium

Magnesium Alloys Market Size, Industry Demand, Key Players- Magnesium Elektron, …
The Magnesium Alloys Market Global Industry Research Report is estimated to grow from USD 1.16 Billion in 2017 to USD 2.37 Billion by 2023, at a CAGR of 12.7% during the forecast period. Get Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=173283341 Key manufacturers of magnesium alloys include Magnesium Elektron (UK), Ka Shui International Holdings Ltd. (China), Magontec (Australia), US Magnesium LLC (US), Nanjing Yunhai Special Metals Co. Ltd., and Meridian Lightweight Technologies
Magnesium and Magnesium Alloy Market Trend Expected to Guide by 2025: Focusing T …
Magnesium and Magnesium Alloy Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending
Magnesium Metal Market - Global Industry Analysis, Size and Forecast 2022 by Wen …
Segmental Analysis The segmentation of the Magnesium Metal Market globally is carried out on the basis of application and region. The application based segment of the market consists of desulphurization, die casting, aluminum alloy, metal reduction and others. The regions included in the market are APAC, North America, Europe and Rest of the World. Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/1977 Detailed Regional Analysis The regions included in the regional
Metal Magnesium Market Size, Share, Growth, Revenue, Top Market Leaders - US Mag …
QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Report Description Magnesium is the third most widely used structural material, after iron and aluminum. The main uses of magnesium are: making aluminum alloy, die-casting, desulfurization in steel production, and
Magnesium and Magnesium Alloy Global Market 2018: Key Players – Magnesium Elek …
Magnesium and Magnesium Alloy Industry Description Wiseguyreports.Com Adds “Magnesium and Magnesium Alloy -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database Magnesium alloys are mixtures of magnesium with other metals (called an alloy), often aluminum, zinc, manganese, silicon, copper, rare earths and zirconium.  In the coming years, the growth demand of magnesium alloys from powertrain and body structure applications in automobiles and 3Cs (cell phones, communications,
Global Metal Magnesium Market 2017 - US Magnesium, Xinheyuan, Tianlong, Huashun
Apex Market Reports, recently published a detailed market research study focused on the "Metal Magnesium Market" across the global, regional and country level. The report provides 360° analysis of "Metal Magnesium Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Metal Magnesium industry, and estimates the future trend of Metal Magnesium market