Press release
Magnesium Nitrate Hexahydrate Market: Rising Adoption in Petrochemical Industry to Pave Lucrative Growth Avenues || Key Players: Cosmic Chemicals, GFS Chemicals, Inc., Avantor Performance Materials, BeanTown Chemical Corporation
The petrochemical industry in the U.S. has witnessed a significant growth in recent years according to the International Energy Agency (IEA). The United States Energy Agency (USEA) foresees the production of petrochemicals in the U.S, to record 20% rise by 2020-end. North American stakeholders in the magnesium nitrate hexahydrate market can leverage the growth opportunities paved by rising production and export of petrochemicals from the U.S.
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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.
According to the study, magnesium nitrate hexahydrate sales in Latin America will record a relatively faster growth rate over the period of forecast. This growth will be primarily driven by use of this quality chemical as a concrete additive in the region’s rising construction industry. Governments of Latin American countries are implementing infrastructural development plans to promote construction of their commercial as well as residential structures.
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This report on the magnesium nitrate hexahydrate market is structured in a systematic manner to facilitate ease of reading and understanding of the different sections. A separate section is devoted to each segment in the magnesium nitrate hexahydrate market, with individual sections for each of the assessed regional markets. For each of the market segments and the assessed geographies, the report tracks all the metrics and also presents a market attractiveness analysis that supplements the insights provided in this report on the magnesium nitrate hexahydrate market.
An attractive feature of this report on the magnesium nitrate hexahydrate market is a detailed analysis of the various market segments and the regional magnesium nitrate hexahydrate markets. The report studies the performance of the magnesium nitrate hexahydrate market on the basis of manufacturing process, primary function, application, and region. Critical value and volume data is provided for each of the segments for the entire duration of the forecast period.
Government of Mexico’s National Infrastructural Plan is a prime example of such development efforts. This, coupled with abundant availability of magnesite/magnesium carbonate in Brazil will continue to pave lucrative growth opportunities for growth of the magnesium nitrate hexahydrate market in Latin America, with magnesite being a key raw material for the chemical’s production.
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