Magnesium Sulphate Market to reach USD 9.89 billion by 2025.
Magnesium Sulphate Market to reach USD 9.89 billion by 2025. Magnesium Sulphate Market valued approximately USD 7.059 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.30% over the forecast period 2018-2025.
Magnesium Sulphate refers to a compound with molecular formula MgSO4, and is made up of magnesium, sulfur, and oxygen. It is a white powder which is highly soluble in water and is odorless. It is also termed as Bitter salt, Epsom salt (heptahydrate) and English salt. Magnesium sulfate has numerous applications in numerous industries which include pharmaceuticals, healthcare, agriculture, food additives and many more.
The rise in worldwide population and growth in high-quality food demand are the major factors which are driving the growth in the global market. The increasing population has resulted in the increased use of magnesium sulphate by farmers in order to improve the agricultural products quality. The magnesium sulphate is an essential element which is used in fertilizers to rectify deficit of sulfur or magnesium in the soil due to which, it is extensively used by farmers.
Major Market Players:
• S. Chemicals LLC
• Baymag
• QingHai Salt Lake Industry
• SDIC Xinjiang Luobupo Potash
• Geermuzige Potash
• Qinghai Hanhai Group
• Rech Chemical
• Yash Chemicals
• Hengyang Jumbo Feed Additives
• Jinxing Chemical
• K+S Group
• KOLOD
Detailed segments and sub-segment of the market:
By Type:
Comprises types Heptahydrate (Epsom Salt)
Anhydrous (Calcined Kieserite)
Monohydrate (Kieserite)
By Product:
Powder
Solid Crystal
Liquid
By Application:
Agriculture
Food Additives & Pharmaceuticals
Chemical & Industrial
By Regions:
North America
Europe
Asia Pacific
Latin America
Rest of the World
Target Audience of the of the Magnesium Sulphate Market:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers
Third-party knowledge providers
Investment bankers
Investors
Category: Chemical Market Research
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