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Magnesium Carbonate Market Progress Rapidly Due to growing demand from the construction and automotive industries

05-09-2023 10:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

Magnesium Carbonate Market Progress Rapidly Due to growing

New York, Global Magnesium Carbonate Market report from Global Insight Services is the single authoritative source of intelligence on Magnesium Carbonate Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Magnesium carbonate is a white solid that is insoluble in water. It is commonly used as a laxative and as an antacid. It can also be used as a drying agent.

Key Trends

There are a few key trends in magnesium carbonate technology. One is the development of new and improved methods for synthesizing magnesium carbonate. This has led to the production of more pure and consistent products. Additionally, new methods for processing and using magnesium carbonate are being developed. This includes ways to improve its absorbency, make it more bioavailable, and find new applications for it.

One of the most promising areas of research is in the area of absorption. Magnesium carbonate is not very well absorbed by the body when taken orally. However, new formulations that include other compounds such as citrate or aspartate have been shown to improve absorption. Additionally, new delivery methods such as transdermal patches are being explored.

Another area of research is in finding new applications for magnesium carbonate. For example, it is being studied as a potential treatment for acid reflux and heartburn. Additionally, its absorbent properties make it a promising candidate for use in diapers and other absorbent products.

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Market Segments

The magnesium carbonate market report is bifurcated on the basis of type, application, end use, and region. On the basis of type, it is segmented into light grade and heavy. Based on application, it is analyzed across antacid, smoke suppressant, additives & fillers, and others. By end use, it is categorized into magnesium oxide, pharmaceuticals, pulp & paper, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Player

The magnesium carbonate market report includes players such as Hebei Meishen Technology Co.,Ltd, Konoshima Chemical Co., Ltd., NUOVA SIMA Srl., Buschle & Lepper S.A., SCR-Sibelco N.V., Nittetsu Mining Co., Ltd., Lhoist Group, Specialty Minerals Inc., Omya Group, and Graymont Limited.

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Key Drivers

Magnesium carbonate is a white solid with the formula MgCO3. It is insoluble in water and is used as a fireproofing agent. It is also used in the production of magnesium oxide (MgO) and in the food industry as an antacid.

The key drivers of magnesium carbonate market are its applications in the construction and automotive industries. Magnesium carbonate is used as a fireproofing agent in the construction industry. It is also used in the production of MgO, which is used as a refractory material in the steel industry. In the automotive industry, magnesium carbonate is used as an antacid to neutralize the acidity of engine coolants.

The Asia-Pacific region is expected to be the largest market for magnesium carbonate, due to the growing demand from the construction and automotive industries in the region.

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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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