+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT
+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT
Advancement in Chemical Industry to Propel Magnesium Chloride Market at 6.3% CAGR by 2032
Fact.MR's latest analysis of the magnesium chloride market offers an unbiased analysis of the key governing factors propelling sales growth between 2022 and 2032. The study also provides comprehensive outlook of opportunities, growth drivers, challenges and latest trends prevailing in the industry. Furthermore, the report delivers compelling insights into segments of the market in terms of type, form, grade, and application across six regions.
NEW YORK , June 22, 2022 /PRNewswire/ -- Sales in the global magnesium chloride market totalled US$ 1.4 Bn in 2021. Due to extensive usage of magnesium chloride in food, pharmaceutical, and industrial sector, the demand for magnesium chloride is expected to reach US$ 2.74 Bn by 2032.
Since magnesium chloride is highly soluble in water, adoption is expected to surge in the chemical industry across the globe for chemicals and derivatives. Hence, expansion chemical industry, demand for magnesium chloride has been rising at an ethereal pace in the global market.
The hydrated form of magnesium chloride, which is extracted from sea water has various applications in a variety of industries such as chemical, pharmaceutical, and food & beverage. Resulting in a surging demand for the compound for both residential and industrial purposes.
For Critical Insights on this Market, Request for More Info! https://www.factmr.com/connectus/sample?flag=S&rep_id=7493
Further, demand for magnesium chloride is burgeoning with rising de-icer application in pharmaceutical industries. As per Fact.MR, sales of magnesium chloride in de-icer application is expected to contribute over for 30.5% of share in the global market.
Application of magnesium chloride in oil & gas industry, water treatment, and industrial and chemical processing will also boost the market. On the back of these factors, the global market is projected to expand at a CAGR of 6.3% during the forecast period 2022-2032.
Get Customized Report As Per Your Requirements! https://www.factmr.com/connectus/sample?flag=RC&rep_id=7493
Leading manufacturers of magnesium chloride are continuously performing research & development activities to increase production and purification processes to generate more revenue.
Some of the other companies are involved in several growth and expansion strategies such as mergers and acquisition to gain a competitive advantage. Industry participants are also following value chain integration with business operations in multiple stages of the value chain.
Key Companies Profiled by Fact.MR
More Valuable Insights on Magnesium Chloride Market
In the latest study, Fact.MR offers a detailed study on global magnesium chloride market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of magnesium chloride through detailed segmentation as follows:
Interested to Procure The Data? Inquire here https://www.factmr.com/connectus/sample?flag=EB&rep_id=7493
Key Questions Covered in the Magnesium Chloride Market Report
Explore Fact.MR's Coverage on the Chemical & Materials Domain
Cerium Oxide Nanoparticles Market: Cerium oxide nanoparticles or nanostructured cerium oxide is rare earth metal oxide which plays technologically important role due to its versatile applications. They are synthetized by solution-based methods such as hydrothermal, co-precipitation, and others. Cerium oxide nanoparticles are projected to gain traction in future owing to their usage in biomedical research involving various therapeutic aspects.
Ammonium Chloride Market: Increasing usage of ammonium chloride as a fertilizer in paddy cultivation is expected to propel the market. Also, being a nitrogenous fertilizer, its demand will intensify with higher growth in rice cultivation globally.
Zinc Sulphate Market Outlook: Zinc sulphate is primarily used as a precursor and raw material for a multitude of applications, ranging from pharmaceuticals, agrochemicals, water treatment chemicals, and other niche applications.
Methane Sulfonyl Chloride Market: The market for methane sulfonyl chloride witnessed massive slowdown in its progress as a result of the spread of Covid-19 pandemic across the globe. The level of demand declined to the extreme level due to lockdown creating hurdles for the key players operating in this market.
Lauoryl Chloride Market: Growing consumption of personal care products has escalated the market of lauoryl chloride in the region of Latin America as well. Also, the growing pharmaceutical & cosmetic industry makes the Asia Pacific a prominent market for Lauoryl chloride which uses as an emulsifying agent.
Methyl Chloride Market Study: Demand for methyl chloride is increasing primarily from silicone manufacturers as methyl chloride is essential for silicone manufacturing. It is most commonly used as a semiconductor in electronics. Methyl chloride is also useful in silicone fluids, which are used in a wide range of products such as antifoaming agents.
Sodium Chloride (NaCl) Market Study: Rising adoption of sodium chloride for food processing, increasing usage of sodium sulfide in water treatment, and increased consumption of processed foods are the factors driving the sodium chloride market.
Trichloroacetyl Chloride Market Study: Trichloroacetyl Chloride Market Analysis, By Purity (99%, 99.5%, 90%) By Application (Chlorpyriphos, Organic Chemical Synthesis, Oxalyl Acid Synthesis, Acetylation of Esters), By End-use Industry, by Region - Global Forecast 2021-2031
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making.
Contact: Mahendra Singh US Sales Office 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E: sales@factmr.com Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg
+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT