Magnesium Carbonate Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Magnesium Carbonate Market Size
The global Magnesium Carbonate market was valued at US$ 70 million in 2022 and is anticipated to reach US$ 83 million by 2029, witnessing a CAGR of 2.5% during the forecast period 2023-2029.
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Magnesium Carbonate Market Trends
The growing need for magnesium carbonate in the pharmaceutical sector is one of the main factors propelling the market's expansion. Because of its superior acid-neutralizing and antacid qualities, magnesium carbonate is utilized as an active component in antacids and laxatives. The market is growing as a result of the growing incidence of gastrointestinal problems as well as the general expansion of the pharmaceutical industry. Another important element boosting the demand for magnesium carbonate is the expansion of the sports and fitness industry. Magnesium carbonate is used by fitness enthusiasts and athletes as a drying agent for grips and hands in activities like weightlifting, gymnastics, and rock climbing. This industry's ongoing growth is advantageous to the market.
Magnesium carbonate is used in the food and beverage industry as a food ingredient and acidity control. It is used to reduce acidity and improve food texture in items like flour, baked goods, and salts. There is an increasing need for magnesium carbonate due to customer preferences for processed and convenience foods. Magnesium carbonate's industrial and environmental uses support the market's expansion. In order to lower sulfur dioxide emissions from power plants and other industrial facilities, it is utilized in flue gas desulfurization systems. The need for these applications rises with tighter environmental rules.
New uses for magnesium carbonate have been found as a result of improvements in pharmaceutical research and development, especially in medication formulations. The pharmaceutical industry's ongoing innovation is what propels the market's growth. In order to address magnesium deficiency in the soil and encourage healthy plant growth, magnesium carbonate is utilized in horticulture and agriculture. In response to the increasing needs of a growing worldwide population, the market for magnesium carbonate in these industries is expected to continue expanding.

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Segment by Type
• Light Magnesium Carbonate
• Heavy Magnesium Carbonate

Segment by Application
• Pharmaceuticals
• Plastic & Rubber Industry
• Personal Care & Cosmetics
• Paints & Inks
• Pulp & Paper Industry
• Food & Beverage
• Others

By Company
Naikai Salt Industries Co.,LTD, Konoshima Chemical, SCORA S.A.S, Rahul Magnesia Pvt. Ltd., Bakhtawar Industries, Yingkou Magnesite Chemical, Hebei Gaolin, Zehui Chemical, Xingtai Messi, Liaoning Xinghai Pharmaceutical, Yixing Lark Fine Chemical, Meishen, Dandong Yulong

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