Press release
Magnesium Chloride Market is projected to expand at a steady CAGR over the forecast by 2031 | Compass Minerals International, Inc., K+S Aktiengesellschaft, Israel Chemical Ltd.
Magnesium Chloride Market
Magnesium chloride is an inorganic compound with the formula MgCl2. It is used as a de-icing agent and has a number of other applications. MgCl2 is a white solid at room temperature, but it decomposes into magnesium oxide (MgO) and chlorine gas (Cl2) at high temperatures. The compound is highly soluble in water and has a number of industrial and medical uses.
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Key Trends
One of the key trends in magnesium chloride technology is the development of new and improved methods for its production. This includes the use of new and more efficient production processes, as well as the development of new and more environmentally friendly production methods.
Another key trend is the increasing use of magnesium chloride in a variety of applications. This includes its use in the production of a variety of chemicals and products, as well as its use in a variety of industries.
Key Drivers
Some of the key drivers of the magnesium chloride market are its wide range of applications in various industries, such as construction, automotive, chemical, and pharmaceuticals. Additionally, magnesium chloride is a key ingredient in the production of magnesium metal and its alloys. This is expected to fuel the demand for magnesium chloride over the forecast period. Moreover, the growing demand for magnesium chloride from the de-icing and snow melting applications is also anticipated to drive the market growth.
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Market Segments:
By Product :
- Liquid
- Solid
By Grade:
- Industrial
- Food & Pharmaceuticals
By Application:
- Deicing Agent
- Dust Suppressant
By Region:
- North America
- The U.S.
Key Players:
- Compass Minerals International, Inc.
- K+S Aktiengesellschaft
- Israel Chemical Ltd.
- Shandong Haihua Group Co, Ltd.
- Huitai Investment Group Co., Ltd.
- Intrepid Potash, Inc.
- Celtic Chemicals Ltd.
- DEUSA International GmbH
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