Magnesium Chloride De-icing Granule Market Report: Comprehensive Insights By 2031 | Snow & Ice Salt & Chemicals Unlimited LLC, Peters Chemical Company, Ninja De-Icer

The Magnesium Chloride De-icing Granule Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Magnesium Chloride De-icing Granule market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Magnesium Chloride De-icing Granules Market reached US$ 245.2 million in 2022 and is expected to reach US$ 340.8 million by 2031, growing with a CAGR of 4.2% during the forecast period 2024-2031.

Magnesium chloride de-icing granules are a type of salt used to melt ice and snow on roadways, sidewalks, and other surfaces during winter conditions. Magnesium chloride is a hygroscopic substance, meaning it attracts moisture, which allows it to lower the freezing point of water more effectively than traditional rock salt. The granules are typically less harmful to the environment, vegetation, and infrastructure compared to other de-icers, such as sodium chloride. Magnesium chloride is also known for working at lower temperatures, making it suitable for extreme winter weather. Additionally, it has less corrosive impact on vehicles and metal surfaces.

Key Developments:

❁ In December 2023, the global magnesium chloride market experienced a notable downturn, driven by factors such as saturated demand and cautious procurement strategies from buyers.

❁ In November 2023, Compass Minerals, the sole U.S.-based manufacturer of magnesium chloride, acquired a majority stake in Fortress, a producer of chemical salts, for US$ 45 million. This acquisition will enable Compass Minerals to expand its range of de-icing granules.

List of the Key Players in the Magnesium Chloride De-icing Granule Market:

Snow & Ice Salt & Chemicals Unlimited LLC, Peters Chemical Company, Ninja De-Icer, Jinzhou Sata Fused Fluxes and New Materials Factory, Chemical Equipment Labs, Knight Chemicals, LLC, Zhengzhou Hoo Chemtec Co., Ltd, Buckmans Incorporated, East Coast Salt and Schoenberg Salt & Chemical.

Research Process:

Both primary and secondary data sources have been used in the global Magnesium Chloride De-icing Granule Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Magnesium Chloride De-icing Granule Market:

By Type: Magnesium Chloride Hexahydrate, Anhydrous Magnesium Chloride

By End-User: Highways & Roadways, Parking Lots, Airports, Others

Regional Breakout:

The global Magnesium Chloride De-icing Granule Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Magnesium Chloride De-icing Granule Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Magnesium Chloride De-icing Granule Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Magnesium Chloride De-icing Granule manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Magnesium Chloride De-icing Granule in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

1) What is the expected growth rate of the global market for the forecast period?

2) What are the key driving factors that are responsible to shape the fate of the Magnesium Chloride De-icing Granule market during the forecast period?

3) What will be the overall size of the market during the analysis period?

4) What are the prominent market trends which influence the development of the Magnesium Chloride De-icing Granule market across various regions?

5) Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

6) What are the challenges and threats that are likely to act as a barrier to the growth of the Magnesium Chloride De-icing Granule market?

7) What are the major opportunities that the companies can get to attain success in the world?

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