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Magnesium Chloride Market Forecast and Analysis by Future Market Insights( 2017-2027)

09-20-2017 03:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Magnesium Chloride Market Forecast and Analysis by Future

Magnesium Chloride is a chemical compound with the formula MgCI2. It is a supplement version of magnesium. Its salts are essential in nutrition and are used in the treatment of hypomagnesemia in cattle. The compound is also in cardiopulmonary recovery.

Magnesium Chloride salt an ionic halide are solvable in water. The compound is produced by abstraction from seawater and brine. The anhydrous magnesium chloride which are produced at huge scale are the primary predecessor to magnesium metal.

Magnesium Chloride is an inorganic compound which contains the element such as magnesium and chlorine. It is majorly used for ice control, dust control and road stabilization. These are further used to produce magnesium metal, fertilizers, fireproofing agents, refrigeration brine, and also being used as wastewater treatment.

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Global Magnesium Chloride Market: Drivers and Restraints

One of the primary driver driving the magnesium chloride is the major usage in de-icing of highways, sidewalks, and parking lots. Magnesium Chloride absorbs water from the air at almost 30% humidity; Magnesium chloride helps in preventing the icebound which allows the snow plows to make the roads quickly which allows easy and convenient transportation in these countries. It is used in three ways for controlling the ice, such as anti-icing, pre-wetting, and pre-treating. Magnesium Chloride is preferred over Calcium Chloride as the later damages the concrete rapidly. This has led to increasing demand for magnesium chloride mainly in snow falling countries for clearing the sidewalks, roads, highways and park lots.

There have been few contradicting issues related to the usage of magnesium chloride on roads. However, the benefits of the compound such as usage of the salt leading to cleaner air leading to improved health as dust can cause various health issues amongst the consumers of different demographics. Further, usage of magnesium chloride can also improve the driver visibility in the snowfall areas and decreased the risk of accidents during unfavorable weather conditions.

One of the biggest challenges in the magnesium chloride markets is the side effects with its excessive usage. It is always advisable to use the compound in smaller dosage due to the chlorine present in magnesium chloride, and this can increase the toxic levels in the plants when over applied to the plant. Further, high concentrations of magnesium chloride ions in the soil will be toxic as the plants cannot accumulate water and nutrients.

Global Magnesium Chloride Market: Segmentation

The global magnesium chloride market is segmented into product types into:

Granules

Flakes

Powder

Others

The global magnesium chloride market is segmented by application into:

Industrial

Building Materials

Food Industry

Pharmaceutical

Others

Global Magnesium Chloride Market: Segmentation Overview

By application, the global magnesium chloride is utmost frequently used for road stabilization and dust control. Building materials accounted for the largest share of the global magnesium chloride market. The second supreme common usage of magnesium chloride is in the ice-control. The other applications of magnesium chloride include usage in the textile industry, paper, fertilizers, mineral supplements for animals, artificial seawater, fireproofing, and cement, among others.

In the food industry, it is an important coagulant used in the preparation of tofu from soy milk. Further, these are also used in horticulture and gardening.

Global Magnesium Chloride Market: Regional Outlook

The magnesium chloride market is segmented by regions into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia-Pacific excluding Japan (APEJ), and Japan. In North America, magnesium chloride is produced mainly from Great Salt Lake of Brine.

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Global Magnesium Chloride Market: Prominent vendors

The prominent players in the global magnesium chloride market are Skyline Chemical Corporation, Mubychem Group, Anron Chemicals Co., Shenzhou Chemical Co., Ltd., Dynea AS, Yulin Lieran, Shouguang Haixu Chemical Co., Ltd, Enviromedica.,among others. To ensure product differentiation and to gain a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products. Most of the major magnesium chloride manufacturers concentrate on capitalizing their funds to maintain applications and technical marketing groups are appointed to serve the ever-changing needs of clients.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT
Future Market Insights
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Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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