Detailed examination of the Magnesium Acetate Market to hold a high potential for growth by 2024 | Merck KGaA, Niacet, VASA, Celtic, Hefei TNJ, American Elements

Global Magnesium Acetate Market 2020-2024 examines the market in detail along with focusing on significant market dynamics for the key players in the market. This research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.

Overview of Global Magnesium Acetate Market:

Anhydrous Magnesium Acetate has the chemical formula Mg(C2H3O2)2 and in its hydrated form, magnesium acetate tetrahydrate, it has the chemical formula Mg(CH3COO)2 o 4H2O. In this compound magnesium has an oxidation state of 2+. Magnesium acetate is the magnesium salt of acetic acid. It is deliquescent and upon heating, it decomposes to form magnesium oxide. Magnesium acetate is commonly used as a source of magnesium in biological reactions. Magnesium acetate appears as white hygroscopic crystals. It smells like acetic acid and is soluble in water. When it is in an aqueous solution its pH will be on the alkaline side of neutral.

The BIR Report analyst provides the Global Magnesium Acetate Industry research report which offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe. The report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.

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Growth in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Magnesium Acetate costs and an increase in the number of magnesium salt of acetic acid for Magnesium Acetate industry.

Product Type Segmentation:
The Magnesium Acetate market have different product type such as Anhydrous Magnesium Acetate and Hydrous Magnesium Acetate. Magnesium Acetate market product type gives Magnesium Acetate consists of magnesium salt of acetic acid. Due to this the Global Magnesium Acetate market grows in the forecast year.

Industry Segmentation:

Increasing instances across various sectors such as Pharmaceutical Industry, Food Industry, Textiles Industry and Transportation Industry are raising the need of magnesium salt of acetic acid in Magnesium Acetate industry, thereby raising the demand for Magnesium Acetate market.

Segmentation by Regions:

The Magnesium Acetate market in North America has dominated the Magnesium Acetate market in the world. The Magnesium Acetate market consists of the magnesium salt of acetic acid. It was followed by Western Europe, China, Japan, Southeast Asia, India and Central & South America regions. Asia Pacific is expected to record higher growth rate in Magnesium Acetate Market during the forecast year.

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Top Leading Key Manufacturers are: Merck KGaA, Niacet Corporation, VASA PharmaChem, Celtic Chemicals, Hefei TNJ Chemical Industry, American Elements, Shanxi Zhaoyi Chemical Co. Ltd., Yuanfu Chemical, Wuxi Yangshan Biochemical, Weifang Yuze Chemical, Lehmann&Voss&Co., Ava Chemicals, UMAI Chemical. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Top Industry News:

TEPMETKO (Tepotinib) Approved in Japan for Advanced NSCLC with METex14 Skipping Alterations on 25 March, 2020 -- Merck, a leading science and technology company, today announced that the Japanese Ministry of Health, Labour and Welfare (MHLW) has approved TEPMETKO* (tepotinib) for the treatment of patients with unresectable, advanced or recurrent non-small cell lung cancer (NSCLC) with MET exon 14 (METex14) skipping alterations. TEPMETKO is administered 500 mg once daily as two 250 mg tablets. This is the first regulatory approval globally for an oral MET inhibitor indicated for the treatment of advanced NSCLC harboring MET gene alterations. TEPMETKO was previously granted SAKIGAKE 'fast-track' designation and orphan drug designation by the MHLW.

"With TEPMETKO, we are pleased to offer the first approved MET inhibitor in Japan, and a new option that can change the course of treatment for non-small cell lung cancer harboring METex14 skipping alterations," said Belen Garijo, CEO Healthcare and Member of the Executive Board of Merck. "With a focus on identifying these alterations in NSCLC patients with flexibility and precision, the companion diagnostic to TEPMETKO offers both liquid and tissue biopsy testing capabilities to best support the delivery of this targeted therapy to the patients who may benefit."

"Identifying oncogenic drivers in order to guide the course of treatment for lung cancer patients is a clinical best practice; however, there previously was no approved therapy that specifically targeted MET alterations in metastatic NSCLC," said Hiroshi Sakai, M.D., Director, Division of Thoracic Oncology, Saitama Cancer Center, Saitama, Japan. "With the approval of TEPMETKO, we now have a new treatment option that addresses this need, offering clinical benefit and duration of response with convenient once-daily oral dosing, representing real progress for patients with this aggressive type of lung cancer."

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Major Points in Table of Contents:

1 Magnesium Acetate Product Definition
2 Global Magnesium Acetate Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Magnesium Acetate Shipments
2.2 Global Manufacturer Magnesium Acetate Business Revenue
2.3 Global Magnesium Acetate Market Overview
3 Manufacturer Magnesium Acetate Business Introduction
3.1 Merck KGaA Magnesium Acetate Business Introduction
3.1.1 Merck KGaA Magnesium Acetate Shipments, Price, Revenue and Gross profit 2014-2019
3.1.2 Merck KGaA Magnesium Acetate Business Distribution by Region
3.1.3 Merck KGaA Interview Record
3.1.4 Merck KGaA Magnesium Acetate Business Profile
3.1.5 Merck KGaA Magnesium Acetate Product Specification
3.2 Niacet Corporation Magnesium Acetate Business Introduction
3.2.1 Niacet Corporation Magnesium Acetate Shipments, Price, Revenue and Gross profit 2014-2019
3.2.2 Niacet Corporation Magnesium Acetate Business Distribution by Region
3.2.3 Interview Record
3.2.4 Niacet Corporation Magnesium Acetate Business Overview
3.2.5 Niacet Corporation Magnesium Acetate Product Specification
3.3 VASA PharmaChem Magnesium Acetate Business Introduction
3.3.1 VASA PharmaChem Magnesium Acetate Shipments, Price, Revenue and Gross profit 2014-2019
3.3.2 VASA PharmaChem Magnesium Acetate Business Distribution by Region
3.3.3 Interview Record
3.3.4 VASA PharmaChem Magnesium Acetate Business Overview
3.3.5 VASA PharmaChem Magnesium Acetate Product Specification
3.4 Celtic Chemicals Magnesium Acetate Business Introduction
3.5 Hefei TNJ Chemical Industry Magnesium Acetate Business Introduction
3.6 American Elements Magnesium Acetate Business Introduction
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