Press release
Magnesium Sulphate Market Global Price Trend 2027 - COMPO GmbH & Co. KG, S. Chemicals LLC, Baymag, QingHai Salt Lake Industry, Geermuzige Potash, Qinghai Hanhai Group, Rech Chemical, Yash Chemicals, Jinxing Chemical, KOLOD, Mani Agro Chem, HebeiRongkemeiy
Magnesium Sulphate Global Market To Worth USD 10,731.05 Million at a CAGR of 4.28% by 2027; Asserts MRFR
Magnesium Sulphate is a chemical compound which is a mixture of magnesium, oxygen,and sulphur. Magnesium Sulphate often faced as sulphate mineral & epsomite which are commonly known as Epsom Salt. Applications of Magnesium Sulphate have spreaded across many industries such as healthcare, agriculture, pharmaceuticals, food additives and other industries as well. In medical, it is used both i.e. internally as well as externally. Global Magnesium Sulphate Market has very wide market in 21st century and it has been valued as $ 10,731.05 million by 2027 with a CAGR of 4.28%.
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MRFR analyst has projected that healthcare sector in India is expected to grow around $285 billion by the year 2020 which implies more demand for medicine. Another driver for Magnesium Sulphate Market is revolution in agriculture. As new technologies are coming in field of farming, demand for Magnesium Sulphate is increasing. As new processes are coming out from R&D department of companies about the use of Magnesium Sulphate demand for Magnesium Sulphate Market is increasing and will keep increasing. On the contrary, allergic reactions such as skin infection, diarrhoea or upset stomach could hamper the growth of the market.
Worldwide Magnesium Sulphate Market – Segment
For the convenience of the report and enhanced understanding; the analysis is segmented in to 6 key dynamics:-
By Type: Comprises types Heptahydrate (Epsom Salt), Anhydrous (Calcined Kieserite) & Monohydrate (Kieserite).
By Product Type: Powder, Solid Crystal & Liquid.
By Grade: Kieserite (magnesium sulphate monohydrate), Magnesium sulphate anhydrous (calcined kieserite), & Epsom salt (magnesium sulphate heptahydrate).
By Application: Agriculture, Food Additives & Pharmaceuticals, Chemical & Industrial Uses (Pulp & Paper Industry), and others.
By Distribution Channel: Online & Offline.
By Regions: North America, Europe, APAC and Rest of the World.
Regional Analysis Magnesium Sulphate Market
Asia-Pacific region covers of more than 60% to 65% of the world’s population and is anticipated to increase in coming years, due to which the country would be facing issues of food sufficiency in the coming time. This would directly resulted in increasing and generating the need of food production. Use of in agriculture sector has proven to be an effective way to increase food productivity.
The magnesium sulfate worldwide is most extreme requested in APAC nations, because of land fragmentation, people/ farmers are left with little land property. The needs to get greatest yield from the accessible area assets has produced and will promote create the need of magnesium sulfate utlilization in farms. Followed by this, North America and European region holds the second and third position in terms of value and volume.
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Key Players
COMPO GmbH & Co. KG
S. Chemicals LLC
Baymag
QingHai Salt Lake Industry
SDIC Xinjiang Luobupo Potash
Geermuzige Potash
Qinghai Hanhai Group
Rech Chemical
Yash Chemicals
Hengyang Jumbo Feed Additives
Jinxing Chemical
K+S Group
KOLOD
Mani Agro Chem
HebeiRongkemeiye and others
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