The magnesium carbonate market is projected to be expanded from USD 9.11 billion in 2025 to USD 17.10 billion by 2035, advancing at a CAGR of 6.5% over the forecast period. The growth is being driven by increasing demand for magnesium carbonate in various industries, including pharmaceuticals, personal care, construction, and rubber. Its unique properties, such as high thermal stability, moisture absorption, and fire resistance, are being leveraged across these sectors.
The ongoing investments in infrastructure development and construction activities globally are also supporting market expansion. Magnesium carbonate is being used as a filler and additive in building materials, while the demand for flame-retardant materials is increasing in construction applications.
| Attributes | Key Insights |
|---|---|
| Estimated Size, 2025 | USD 9.11 billion |
| Projected Size, 2035 | USD 17.10 billion |
| Value-based CAGR (2025 to 2035) | 6.5% |
Significant demand for magnesium carbonate is being observed in the pharmaceutical and personal care sectors. It is being used as an antacid and dietary supplement in pharmaceutical formulations. Magnesium carbonate's role in the fitness industry as a key ingredient in sports chalk is further supporting niche demand.
The adoption of high-purity grades of magnesium carbonate is being pursued across these sectors to meet stringent quality and performance requirements. In January 2024, Grecian Magnesite joined the PERSEPHONE project, an EU Horizon initiative, focusing on the development of sustainable ore extraction technologies. The project aims to create resource-efficient technologies for the extraction of raw materials, with a particular focus on near-mine exploration in untapped ore bodies.
Looking forward, future growth of the magnesium carbonate market is expected to be influenced by innovations in product purity, processing techniques, and sustainability initiatives. Research and development efforts are being focused on advancing formulations with improved dispersion and performance characteristics. Opportunities are emerging in the expansion of magnesium carbonate applications in advanced ceramics, refractories, and flame-retardant coatings.
The market is expected to continue to grow through strategic partnerships, capacity expansions, and innovations in fiber processing. In January 2024, Hebei Messi Biology Co., Ltd. reported that the preparation of magnesium carbonate whiskers is still in the exploratory and experimental stage, with industrial production not yet achieved either domestically or abroad. Although progress has been made, challenges such as short whisker length and small aspect ratios are still being addressed.
The annual growth rates of the global magnesium carbonate market from 2025 to 2035 are illustrated below in the table. Starting with the base year 2024 and going up to the present year 2025, the report examined how the industry growth trajectory changes from the first half of the year, i.e. January through June (H1) to the second half consisting of July through December (H2). This gives stakeholders a comprehensive picture of the sector’s performance over time and insights into potential future developments.
The figures provided show the growth of the sector for each half-year between 2024 and 2025. The market was projected to increase at a CAGR of 6.3% in the first half (H1) of 2024. However, in the second half (H2), there is a noticeable increase in the growth rate.
| Particular | Value CAGR |
|---|---|
| H1 2023 | 6.3% (2024 to 2034) |
| H2 2023 | 6.4% (2024 to 2034) |
| H1 2024 | 6.5% (2025 to 2035) |
| H2 2024 | 6.6% (2025 to 2035) |
Moving into the subsequent period, from H1 2025 to H2 2025, the CAGR is projected to slightly increase to 6.5% in the first half and relatively increase to 6.6% in the second half. In the first half (H1), the sector saw an increase of 20 BPS while in the second half (H2), there was a slight increase of 20 BPS.
The magnesium carbonate market is being shaped by growing demand across construction, industrial, and chemical sectors. Industrial-grade magnesium carbonate is expected to maintain its leadership owing to versatile applications in structural and heat-resistant materials. Meanwhile, chemical synthesis is driving steady demand, as the compound continues to enable innovation across pharmaceuticals and environmental technologies.
Industrial-grade magnesium carbonate is projected to dominate the market with a 68.3% share in 2025, driven by its critical role in the construction, refractory, and insulation sectors. The compound is being used widely as a fire-retardant filler, thermal insulator, and reinforcing agent in cement and plaster materials. Key producers such as Konoshima Chemical, Lehmann & Voss, Naikai Salt Industries, and Magnesia GmbH are expanding capacity to meet rising demand from construction and heavy industries.
Refractory applications are being supported by magnesium carbonate’s excellent heat resistance, which is crucial in manufacturing steel, glass, and ceramics. Additionally, the compound’s lightweight and non-toxic properties make it attractive for insulation materials in both residential and industrial settings.
The ongoing construction boom in emerging markets and the need for fire-resistant and energy-efficient building materials are expected to further drive demand. With sustainability becoming a focus, magnesium carbonate’s natural origin and compatibility with green building standards are reinforcing its adoption across global markets.
Chemical synthesis applications are anticipated to account for 28.2% of magnesium carbonate demand in 2025, as the compound continues to serve as a key ingredient across various high-value industries. Magnesium carbonate is being used extensively in the pharmaceutical sector as an excipient and antacid component. It also plays a crucial role in specialty chemicals, where it serves as a precursor for producing magnesium-based compounds used in catalysts, additives, and advanced materials.
Companies such as Zhejiang Yuehua, SCORA, Dr. Paul Lohmann GmbH, and Konoshima Chemical are investing in precision synthesis and purification processes to meet stringent quality standards required by the pharmaceutical and food industries. Furthermore, environmental applications such as CO₂ capture and water treatment are driving emerging demand for high-purity magnesium carbonate.
Governments and industries seeking sustainable solutions are adopting magnesium carbonate for its non-toxic and environmentally friendly profile. As regulatory standards become stricter and innovation accelerates in green chemistry, chemical synthesis applications are poised to remain a resilient and strategically important segment within the magnesium carbonate market.
Growing Demand for Magnesium Carbonate in Pharmaceuticals, Especially Antacid Formulations
Magnesium carbonate is extensively used in pharmaceutical industry especially in antacid preparation. The demand for magnesium carbonate is rising for antacid preparations due to its ability to neutralize excess stomach acid, providing relief from conditions such as heartburn, indigestion, and acid reflux. The increasing health consciousness among people, combined with the safety and natural origin of magnesium carbonate, is boosting its adoption in the pharmaceutical industry.
Apart from that, the mild laxative properties of magnesium carbonate is further enhancing its usage in antacid formulation as it provides additional benefits against relieving symptoms of constipation.
Magnesium Carbonate's Role as a Reinforcing Extender Boosts Demand in Rubber Industry.
Magnesium carbonate is widely used in the rubber industry as an extender for products like rubber bands and threads, which is a key factor driving its market growth. Its role as an extender in rubber formulations enhances product performance and improves processing efficiency.
Magnesium carbonate is used mainly as a reinforcing filler in natural rubber by increasing its tensile, tear resistance, durability, and other mechanical properties. Its original characteristics help in improving translucency and appearance for the rubber items, which are viewed as more attractive to end-users.
This compound is known to offer advantages in terms of its low density, which helps in manufacturing of lightweight rubber products without compromising on quality or functionality. This property is particularly important where lightweight materials are of utmost importance.
Magnesium Carbonate Market Thrives on Expanding Role in Personal Care and Cosmetics
Magnesium carbonate is a key ingredient in the personal care and cosmetics industry, due to its unique absorbent properties and other beneficial characteristics. These properties make it highly suitable for use in a variety of formulations across the sector.
Magnesium carbonate is also utilized in various cosmetic products, including face powders, dry shampoos, and body powders, by the cosmetics industry for making of products which absorb oil and moisture from skin and hair. It improves shine, controls sebum, and gives a smooth, matte finish that enhances the appearance and length of makeup applications.
There is an increasing consumer demand for products that are free from harsh chemicals and that can provide extra benefits beyond mere skin care or makeup. Consumers' preference for safer, more effective, and eco-friendly products has driven the incorporation of magnesium carbonate into various formulations.
Stringent Government Regulation on Mining of Magnesite Ore
Government Environmental Protection Agency (EPA) regulations on mining magnesite ore have always been strict and remain as a constraint to the development of magnesium carbonate market. As a result of environmental and safety issues surrounding the mining of magnesite, governments attempt to enact rigorous laws on the operation of mines.
In most instances, compliance involves adherence to a multi-level system of environmental impact assessment, permitting procedures, and operational parameters that normally entail intensive documentation, monitoring, and reporting.
The high level of regulation raises the barrier to entry and cost of operation for magnesite mining companies, who invest in sophisticated technology, upgrading infrastructure, and expertise to fulfill their compliance requirements. Sometimes, government regulations can limit access to specific mining areas or reduce extraction volumes with the aim of protecting sensitive ecosystems or cultural heritage sites.
Raw Material Price Volatility Constrains Magnesium Carbonate Market Growth
Magnesium Carbonate's production is highly dependent on the raw materials. The price volatility of raw materials such as magnesium hydroxide, magnesite ore, and others acts as a restraining force in the magnesium carbonate market.
Magnesium hydroxide is the raw material for magnesium carbonate. It also depends on the availability, mining, kind of extraction, and demand condition across the globe. These volatile changes in the raw material costs will ultimately impact production cost, profit margin, and overall profitability of the business. Fluctuations in raw material prices have posed significant challenges for magnesium carbonate manufacturers.
Tier 1 companies include industry leaders with annual revenues exceeding USD 100 million. These companies are currently capturing a significant share of 20-22% globally. These frontrunners are characterized by high production capacity and a wide product portfolio.
They are distinguished by extensive expertise in manufacturing and a broad geographical reach, underpinned by a robust consumer base. The firms provide a wide range of products and utilize the latest technology to meet regulatory standards. Prominent companies within Tier 1 include : Israel Chemicals Ltd, Omya, and Others.
Tier 2 companies encompass mid-sized participants with revenues ranging from USD 21-100 million, holding a presence in specific regions and exerting significant influence in local economies. These firms are distinguished by robust presence overseas and in-depth industry expertise.
They possess strong technology capabilities and adhere strictly to regulatory requirements. However, the firms may not wield cutting-edge technology or maintain an extensive global reach. Noteworthy entities in this category include Konoshima, Hebei Meishen Technology Co., Lehmann and Voss and Co. KG, Hari Om Fine Chem, and few others.
Tier 3 encompasses most of the small-scale enterprises operating within the regional sphere and catering to specialized needs with revenues below USD 20 million. These businesses are notably focused on meeting local demand and are hence categorized within the Tier 3 segment.
They are small-scale participants with limited geographical presence. In this context, Tier 3 is acknowledged as an informal sector, indicating a segment distinguished by a lack of extensive organization and formal structure in comparison to the structured one. This category includes Kyowa Chemical Industry Co, Yunbo, Fengchen Group Co, Hebei Messi Biology Co., Ltd. / Dr Magnesia, SCORA S.A.S, Celtic Chemicals Ltd., and many more small and local players.
The section below covers assessments of magnesium carbonate sales across key countries. Countries from East Asia, and South Asia Pacific, are anticipated to exhibit promising double-digit growth over the forecast period. All the below-listed countries are collectively set to reflect a CAGR of around 6% through the forecast period.
| Countries | Value CAGR (2025 to 2035) |
|---|---|
| India | 7.3% |
| China | 6.5% |
| South Korea | 7.2% |
| Chile | 7.0% |
| Japan | 6.8% |
India is projected to surge at a CAGR of 7.3% from 2025 to 2035, with sales expected to reach USD 2,373.7 million by 2035.
In India, rapid urbanization and extended growth in industrial development are considered vital factors that create a great demand for magnesium carbonate. The rise in construction activities, driven by infrastructure projects and the growth of residential and commercial spaces, has elevated the importance of magnesium carbonate. Its lightweight and fire-resistant properties make it a valuable component in cement and other building materials.
Magnesium carbonate has been applied in ceramics and refractories industries, for the production of refractory bricks and coatings among other uses. The main end-users include the steel, glass, and cement industries for applications that operate on very high temperature.
The infrastructural development by the government in initiatives such as "Smart Cities Mission" and "Housing for All" further propels the demand for magnesium carbonate in construction-related applications. Additionally, the expanding manufacturing base and increasing exports of ceramic products and cement reinforce India's position as a growing market for magnesium carbonate, highlighting its versatile applications in industrial and urban development.
China is projected to grow at a CAGR of 6.5% from 2025 to 2035, with sales expected to reach USD 5,223.6 million by 2035.
In China, the increase in the steel, automotive, and advanced material industries is leading to a high demand for magnesium carbonate. Being one of the biggest steel-producing countries in the world, China needs magnesium carbonate in refractory materials and heat-resistant coatings, which are of critical essence in the manufacture of steel. The Chinese boom in the automotive sector further raises the consumption of magnesium carbonate in rubber and plastics for the enhancement of its performance and durability.
The strong impetus that China has given to the development of sustainability and eco-friendly materials in construction, manufacturing, and automotive industries increases the demand for magnesium carbonate owing to its lightweight, nontoxic, and an eco-friendly properties.
Application of magnesium carbonate in green technologies such as carbon capture and storage (CCS) application further supports the market. As China's industrial production continues to expand, it is expected that these industries will foresee sustained demand, which will continue to push the consumption of magnesium carbonate in the next few years.
In the forecast period, South Korea's magnesium carbonate industry is predicted to rise steadily at a CAGR of 7.2% and attain a total worth of USD 349.5 million by 2035.
The rapid increase in the electronics and automobile sectors in South Korea is contributing significantly to the demand of magnesium carbonate. South Korea, renowned in the global market for its fabricated electronic equipment, relies on magnesium carbonate for manufacturing plastic and rubber components used in various electronic appliances and consumer devices.
The interest in magnesium carbonate is derived from its properties of moisture absorption, flame resistance, and lightweight nature for insulation materials and electronic housings.
Magnesium carbonate is used in the production of rubber and plastic parts, especially in the making of heat-resistant and durable parts in South Korea's automotive industries, which are among the largest in the world.
The demand for magnesium carbonate is further improved by the emphasis on eco-friendly vehicles and lightweight materials in the automotive sector, for which magnesium carbonate is an environmentally friendly raw material. These industries will continue to drive the market growth of magnesium carbonate as South Korea continues with its industrial development.
The section provides comprehensive assessments and insights that highlight current opportunities and emerging trends for companies in developed and developing countries. It analyzes advancements in manufacturing and identifies the latest trends poised to drive new applications in the market.
A few key players in the magnesium carbonate industry are actively enhancing capabilities and resources to cater to the growing demand for the compound across diverse applications. Leading companies also leverage partnership and joint venture strategies to co-develop innovative products and bolster resource base.
Significant players are further introducing new products to address the increasing need for cutting-edge solutions in various end-use sectors. Geographic expansion is another important strategy that is being embraced by reputed companies. Start-ups are likely to emerge in the sector through 2035, thereby making it more competitive.
Industry Updates
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2025) | USD 9.11 billion |
| Projected Market Size (2035) | USD 17.10 billion |
| CAGR (2025 to 2035) | 6.5% |
| Base Year for Estimation | 2024 |
| Historical Period | 2020 to 2024 |
| Projections Period | 2025 to 2035 |
| Quantitative Units | USD billion for value |
| Product Types Analyzed (Segment 1) | Heavy Magnesium Carbonate, Light Magnesium Carbonate |
| Minerals Covered (Segment 2) | Hydromagnesite, Magnesite, Nesquehonite, Barringtonite, Lansfordite, Others |
| Grades Covered | Pharma Grade, Food Grade, Industrial Grade |
| Applications Covered | Chemical Synthesis, Pharmaceuticals, Personal Care and Cosmetics, Paints and Inks, Plastic, Rubber, Food Additives, Pulp and Paper, Others |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia; Middle East & Africa |
| Countries Covered | United States, Canada, Mexico, Brazil, Argentina, Germany, France, United Kingdom, Italy, Spain, Netherlands, China, India, Japan, South Korea, ANZ, GCC Countries, South Africa |
| Key Players influencing the Magnesium Carbonate Market | Israel Chemicals Ltd, Konoshima, Naikai Salt Industries Co., Kyowa Chemical Industry Co., Hari Om Fine Chem, Osian Marine Chemicals, Anish Chemicals, Gee Gee Kay Pvt Ltd., Shreeji Industries, Omya |
| Additional Attributes | Market share by product type and mineral; Growth in demand from the pharmaceuticals and personal care sectors; Role of magnesium carbonate in chemical synthesis and food additives; Adoption trends for eco-friendly production methods; Regulatory impact on food-grade and pharma-grade applications; Regional market dynamics across key manufacturing hubs |
In terms of product type, the industry is divided into Heavy Magnesium Carbonate, and Light Magnesium Carbonate.
In terms of mineral, the industry is divided into Hydromagnesite, Magnesite, Nesquehonite, Barringtonite, Lansfordite, and Others.
In terms of grade, the industry is divided into Pharma Grade, Food Grade, and Industrial Grade.
In terms of application, the industry is divided into Chemical Synthesis, Pharmaceuticals, Personal Care and Cosmetics, Paints and Inks, Plastic, Rubber, Food Additives, Pulp and Paper, and Others.
Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, Middle East and Africa (MEA), have been covered in the report.
The global market was valued at USD 8,075.4 million in 2023.
The global market is set to reach USD 9.11 billion in 2025.
Global demand is anticipated to rise at 6.5% CAGR.
The industry is projected to reach USD 17.10 billion by 2035.
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Magnesium Carbonate Market
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