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Magnesium Chloride Market

Market Insights on Magnesium Chloride covering sales outlook, demand forecast & up-to-date key trends

Magnesium Chloride Market By Product Form (Liquid, Solid), Grade (Industrial, Food & Pharmaceuticals) & Region - Forecast 2021-2031

Magnesium Chloride Market Outlook – 2021 – 2031

[293 Pages Report] The magnesium chloride market value is expected to surpass US$ 379.3Mn in 2021. The magnesium chloride industry is driven by the growing demand from deicing and chemicals sectors. The market is likely to register growth at 4.3% CAGR during the assessment period between 2021 and 2031.

Magnesium Chloride Market Outlook Base Year Value (2020A)

US$ 366.2  Mn

Magnesium Chloride Market Outlook Estimated Year Value (2021E)

US$ 379.3  Mn

Magnesium Chloride Market Outlook Projected Year Value (2031F)

US$ 580.3  Mn

Value CAGR (2021-2031)

4.3%

Collective Value Share: Top 3 Countries (2020A)

50.9%

FMI also forecasts the global magnesium chloride market to register year-on-year growth of 3.6% in 2021. Industries are aiming to increase the production capacities to cater the growing demand for magnesium chloride. Considering this, FMI has projected the market valuation to reach US$ 580.3Mn by 2031.

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How The Market Progressed Till June 2022?

Market Statistics

Details

H1,2021 (A)

3.5%

H1,2022 Projected (P)

3.8%

H1,2022 Outlook (O)

3.7%

BPS Change : H1,2022 (O) - H1,2022 (P)

(-) 10 ↓

BPS Change : H1,2022 (O) - H1,2021 (A)

(+) 20 ↑

Future Markets Insights presents a comprehensive comparison and review of market dynamics for magnesium chloride market based on the actual market trends of historic years and forecast market trends. Principally the market is subjected to be driven by the growing demand from the deicing and the chemicals sectors, especially from pharmaceutical industry for drug manufacturing.

According to FMI analysis, the BPS values found in the market for magnesium chloride in H1 2021 and H1 2022 differ by an increase of 20 units. However, in Projected - H1, 2022, the market is anticipated to decline by 10 BPS units compared to Outlook - H1, 2022.

Key factors for certain decrease in growth prospects are attributed to the outbreak of the pandemic in first half of 2022 in China which accounts for a significant share in the overall magnesium chloride consumption. However, rapid development in the industrial and pharmaceutical sector is boosting worldwide sales.

Magnesium chloride is widely sought after by North American and European nations for usage as a deicing agent due to its hygroscopic characteristics. Additionally, unfavourable cold storms and weather patterns brought on by climate change, increased the demand for magnesium chloride as a deicing agent.

Apart from this, due to its usage in chemical processes and potential as a medication, the demand for magnesium chloride has surged in the pharmaceutical and medical industries. Eventually, leading firms are concentrating on expanding their production facilities to meet the market demand for magnesium chloride.

2016-2020 Magnesium Chloride Market Outlook Compared to 2021-2031 Forecast

Demand for magnesium chloride grew at 1.4% CAGR between 2016 and 2020. Sales prospects were further dampened due to the outbreak of COVID-19 pandemic in 2020, which reduced magnesium chloride demand from several industries.

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Over the forthcoming years, the market is expected to bounce back to its normal pace due to the increasing demand from the deicing, chemicals & construction sector.

Increasing use of magnesium chloride in deicing segment is projected to propel sales at 4.5% CAGR over the forecast period, from 2021 to 2031. Significant growth in the deicing, dust suppressants, pharmaceuticals & chemical & derivatives production in East Asia, especially in China will continue boosting consumption of magnesium chloride.

Will Demand from Deicing and Chemicals & Derivatives Sectors Remain Chief Growth Driver?

Magnesium chloride is widely accepted as a deicing agent due to its chemical properties. Countries with the colder weather conditions extensively use the ice melters as the heavy snowfall results in the accumulation of ice around homes, buildings and on the highways & runways which causes severe accidents.

Due to its hygroscopic nature it quickly absorbs the moisture from the nature and melts the ice. North American and European countries where the weather conditions are much colder, majorly contribute in the increasing demand of magnesium chloride as a deicing agent.

Magnesium chloride usually applied before the storm so that it works efficiently and melts the ice quickly. Besides this its plays vital role in certain chemical reaction as a catalyst. It supports the main catalyst to increase the activity of the main catalyst. Apart from this it is also utilized as a raw materials for the production of chemicals, alloys and textile processing.

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Country-wise Insights

Why is Demand for Magnesium Chloride Rising in the U.S.?

“Magnesium Chloride Demand as Deicing Agent Soaring in the U.S.”

In 2021, the U.S. magnesium chloride market grew at 3.4% CAGR, reaching a valuation of US$ 75.8 Mn in 2021. Increased consumption of magnesium chloride as a deicing agent in this country is expected to boost the market growth in the forecast period.

As the U.S. witnesses extreme weather conditions, it helps in boosting the demand for magnesium chloride, which is an excellent ice melter with easy to use. It melts the ice and leaves no residue. Due to its hygroscopic nature it is used in variety of industries including deicing, construction & building materials.

Apart from demand in the deicing segment, sales of magnesium chloride also are expected to rise in the pharmaceutical industry, particularly in the manufacturing of medical drugs. It also is often prescribed by doctors in tablet form for curing magnesium deficiency.

It is used for the treatment of the skin related disorders and other medical problems such as osteoporosis. The U.S. has huge pharma market which supports the growth of the magnesium chloride market.

What is the India Magnesium Chloride Market Demand Outlook?

“Pharmaceutical Applications of Magnesium Chloride to Remain High in India”

Consumption of magnesium chloride in the production of pharmaceutical drugs and chemicals is expected to witness significant growth in coming years in India. Rising awareness about health & wellbeing among people is anticipated to boost the growth of the pharma industry. This also will help the magnesium chloride market in India register CAGR of 5.6% by 2031.

India is an emerging economy and focuses on industrial development on a huge scale. After COVID-19 pandemic, the market has suffered in many terms while pharma industry has witnessed significant growth due to the increased awareness of health among people.

Pharmaceutical industry utilizes this compound as an important API for various drugs. India is expected to witness the rise in construction industry owing to the growing population and rapid urbanization.

What Is The Growth Outlook Of Magnesium Chloride Market In China?

“China Magnesium Chloride Market to Remain Dominant in East Asia”

China is estimated to remain a dominant player in the magnesium chloride market, accounting for about 80% of the overall magnesium chloride consumption in East Asia in 2021. Rapid development in the industrial and pharmaceutical sectors is boosting sales of magnesium chloride in the country. Availability of the raw materials & production facilities is the main factor behind the growth of the market in China.

Because of its chemical properties, demand for magnesium chloride in the pharmaceuticals and chemicals segments is expected to rise over the forecast period. Besides this, China is regarded as a major manufacturing base. The market's expansion is also projected to be aided by the expanding construction industry.

The consumption of magnesium chloride in China is predicted to rise as the pharmaceutical sector expands as a result of rising health awareness. Driven by these aforementioned factors, sales of magnesium chloride in China are anticipated to grow at a 6.1% CAGR over the assessment period.

Category-wise Insights

What is the expected Growth rate of Solid Magnesium Chloride?

“Solid Magnesium Chloride Sales to Rise at Positive Pace”

Demand for solid magnesium chloride is expected to grow at 4.3% CAGR in terms of value by year 2031and is expected to keep witnessing healthy growth opportunities in the near future.

Ease of transportation and mobility of solid magnesium chloride is contributing as an additional growth factor in revenue growth of solid MgCl2 segment as compared to liquid segment. Also the emerging applications of solid form of magnesium chloride is expected to grow the market.

Owing to this factor solid segment is expected to witness healthy opportunities during the upcoming assessment period 2021-2031.

Why is Demand for Industrial Grade Magnesium Chloride Increasing?

“Diverse Applications of Industrial Grade Magnesium Chloride Seal its Dominance”

In terms of grade, industrial grade magnesium chloride is expected to dominate the market. As per FMI, the industrial grade magnesium chloride segment is projected to register year-on-year growth of 4.6% in 2021.

On industrial scale, magnesium chloride finds a variety of applications which includes dust suppressants, manufacturing of magnesium metals and its derivatives, and various others. Owing to such a diverse applications of magnesium chloride in industries, demand for industrial grade magnesium chloride is rising substantially and is expected to carry this growth trend over the upcoming assessment period of 2021-2031.

Which is the Chief Magnesium Chloride Applications?

“Magnesium Chloride Demand for Deicing to Continue Rising”

Revenues in the deicing segment are estimated to grow by 4.1% year over year rate in 2021. Meanwhile, demand for magnesium chloride in the production of chemicals and derivatives is expected to increase at 2.8% CAGR between 2020 and 2021. Magnesium chloride finds a variety of application. However, MgCl2 is predominantly consumed as a deicing agent across certain geographies.

Moreover, demand for deicing agents is rising hurriedly owing to consistent rise in environment threats in northern hemisphere. Due to regular snowfall in the regions, roads often get snow logged, which results in numerous accidents as well as unwanted causalities.

To avoid this, regional governments are indulged in regular treatment of snow on roads and other places with deicing agents. Which is anticipated to benefit the consumption of magnesium chloride as deicing agent over the forecast period.

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Competitive Landscape

Key players are focusing on the expansion of the production capacities owing to the rising demand for the magnesium chloride from the end use industries. Further, key market participants are enhancing their global presence through mergers, acquisitions, strategic collaborations, hybrid distribution channels and partnerships.

For instance:

  • K+S Aktiengesellschaft decided to provide heavy investment to a new salt brine field in the Netherlands. The new brine field is expected to be developed for directional drilling by 2019 and operational by 2021 end. It will further improve the company’s production capacity by 25% and bring the production level to 1.2 million tpa.

Scope Of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value and Kilo Tons for Volume

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia & Pacific and Middle East & Africa

Key Countries Covered

US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey and South Africa.

Key Segments Covered

Product Form, Grade, Application and Region

Key Companies Profiled

  • Compass Minerals International, Inc. E.
  • K+S Aktiengesellschaft
  • Israel Chemical Ltd.
  • Shandong Haihua Group Co, Ltd.
  • Huitai Investment Group Co., Ltd
  • Intrepid Potash, Inc.
  • Tianjin Changlu Haijing Group Co., Ltd
  • DEUSA international GmbH
  • Nedmag B.V
  • Nikomag OJSC

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Magnesium Chloride Market by Category

By Product Form:

  • Liquid
  • Solid
    • Flakes
    • Prills/Pellets

By Grade:

  • Industrial
  • Food & Pharmaceuticals

By Application:

  • Deicing Agent
  • Dust Suppressants
  • Chemicals & Derivatives
  • Building Materials
  • Pharmaceuticals
  • Food & Feed
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Frequently Asked Questions

The Magnesium Chloride market is anticipated to reach a valuation of US$ 379.3 Mn in 2021

The Magnesium Chloride market is anticipated to witness a growth rate of 4.1% over the forecast period of 2021 and 2031 in terms of volume.

The Magnesium Chloride market witnessed growth of 1.4% CAGR between 2016 and 2020.

Increasing utilization of Magnesium Chloride in deicing, chemicals & construction industry is expected to boost sales of Magnesium Chloride.

Israel Chemicals Ltd., K+S Aktiengesellschaft, Compass Minerals International, Inc., Shandong Haihua Group Co, Ltd., Huitai Investment Group Co., Ltd, Intrepid Potash, Inc. and others are the key players in the Magnesium Chloride market.

Increasing focus on strategic expansion and capacity expansion undertaken by leading players will shape the market in the coming years. Also mergers & acquisitions of small players to increase the global reach and cater the untapped market is another key strategy.

Key players in the global Magnesium Chloride market are expected to hold around 65-70% of global market share.

Demand for Magnesium Chloride in North America is expected to grow at a 3.5% CAGR through 2031.

Europe Magnesium Chloride market is estimated to expand at a 3.2% CAGR during the forecast period.

Key exporters in the Magnesium Chloride market are U.S., Canada, Germany, China and others.

Top countries driving the Magnesium Chloride demand are the U.S., Germany, France Canada, and India.

South Korea and Japan are expected to collectively account for over 7% of the total in 2021.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product innovation & Diversification

    4.3. Marketing and Brand management

    4.4. Supply Chain Management

5. Global Magnesium Chloride Market Demand Analysis 2016-2020 and Forecast, 2021-2031

    5.1. Historical Market Volume (Tons) Analysis, 2016-2020

    5.2. Current and Future Market Volume (Tons) Projections, 2021-2031

    5.3. Y-o-Y Growth Trend Analysis

6. Global Magnesium Chloride Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Form

    6.2. Pricing Analysis by Regions

7. Global Magnesium Chloride Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

    7.1. Historical Market Value (US$ Mn) Analysis, 2016-2020

    7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

    8.2. Forecast Factors - Relevance & Impact

    8.3. Supply-Demand Analysis

    8.4. Value Chain 

    8.5. Buyer’s Decision Analysis

    8.6. Production Process Overview

    8.7. Market Dynamics

        8.7.1. Drivers

        8.7.2. Restraints

        8.7.3. Opportunity Analysis

        8.7.4. Global Driver-Restraints Impact Analysis by Region

    8.8. Impact of COVID – 19 Crisis

    8.9. Trade Overview

9. Global Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031, by Product Form

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Form, 2016 - 2020

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Form, 2021 - 2031

        9.3.1.  Liquid

        9.3.2.  Solid

            9.3.2.1. Flakes

            9.3.2.2. Prills/Pellets

    9.4. Market Attractiveness Analyses, By Product Form 

10. Global Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031, By Grade 

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Grade, 2016 - 2020

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Grade, 2021 - 2031

        10.3.1. Industrial

        10.3.2. Food & Pharmaceuticals

    10.4. Market Attractiveness Analysis By Grade 

11. Global Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031, By Application 

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2016 - 2020

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2021 - 2031

        11.3.1. Deicing Agent

        11.3.2. Dust Suppressant

        11.3.3. Chemicals & Derivatives

        11.3.4. Building Materials 

        11.3.5. Pharmaceuticals

        11.3.6. Food & Feed

        11.3.7. Others

    11.4. Market Attractiveness Analysis By Application

12. Global Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2016 - 2020

    12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2021 - 2031

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. East Asia

        12.3.5. South Asia & Pacific

        12.3.6. Middle East & Africa

    12.4. Market Attractiveness Analysis By Region

13. North America Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        13.4.1. By Product Form

        13.4.2. By Grade

        13.4.3. By Application

        13.4.4. By Country

            13.4.4.1. U.S.

            13.4.4.2. Canada

    13.5. Market Attractiveness Analysis

        13.5.1. By Product Form

        13.5.2. By Grade 

        13.5.3. By Application

        13.5.4. By Country

    13.6. Market Trends

    13.7. Drivers and Restraints Impact Analysis

14. Latin America Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        14.4.1. By Product Form

        14.4.2. By Grade 

        14.4.3. By Application

        14.4.4. By Country

            14.4.4.1. Brazil

            14.4.4.2. Mexico

            14.4.4.3. Rest of Latin America

    14.5. Market Attractiveness Analysis

        14.5.1. By Product Form

        14.5.2. By Grade 

        14.5.3. By Application

        14.5.4. By Country

    14.6. Market Trends

    14.7. Drivers and Restraints Impact Analysis

15. Europe Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        15.4.1. By Product Form

        15.4.2. By Grade 

        15.4.3. By Application

        15.4.4. By Country

            15.4.4.1. Germany

            15.4.4.2. Italy

            15.4.4.3. France

            15.4.4.4. U.K.

            15.4.4.5. Spain

            15.4.4.6. BENELUX

            15.4.4.7. Russia

            15.4.4.8. Rest of Europe

    15.5. Market Attractiveness Analysis

        15.5.1. By Product Form

        15.5.2. By Grade 

        15.5.3. By Application

        15.5.4. By Country

    15.6. Market Trends

    15.7. Drivers and Restraints Impact Analysis

16. East Asia Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        16.4.1. By Product Form

        16.4.2. By Grade 

        16.4.3. By Application

        16.4.4. By Country

            16.4.4.1. China

            16.4.4.2. Japan 

            16.4.4.3. South Korea 

    16.5. Market Attractiveness Analysis

        16.5.1. By Product Form

        16.5.2. By Grade 

        16.5.3. By Application

        16.5.4. By Country

    16.6. Market Trends

    16.7. Drivers and Restraints Impact Analysis

17. South Asia & Pacific Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        17.4.1. By Product Form

        17.4.2. By Grade 

        17.4.3. By Application

        17.4.4. By Country

            17.4.4.1. India

            17.4.4.2. ASEAN

            17.4.4.3. ANZ

            17.4.4.4. Rest of South Asia & Pacific

    17.5. Market Attractiveness Analysis

        17.5.1. By Product Form

        17.5.2. By Grade 

        17.5.3. By Application

        17.5.4. By Country

    17.6. Market Trends

    17.7. Drivers and Restraints Impact Analysis

18. Middle East and Africa Magnesium Chloride Market Analysis 2016-2020 and Forecast 2021-2031

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020

    18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        18.4.1. By Product Form

        18.4.2. By Grade 

        18.4.3. By Application

        18.4.4. By Country

            18.4.4.1. GCC Countries

            18.4.4.2. Turkey

            18.4.4.3. South Africa

            18.4.4.4. Rest of Middle East and Africa

    18.5. Market Attractiveness Analysis

        18.5.1. By Product Form

        18.5.2. By Grade 

        18.5.3. By Application

        18.5.4. By Country

    18.6. Market Trends

    18.7. Drivers and Restraints Impact Analysis

19. Key and Emerging Countries Magnesium Chloride Market Analysis 

    19.1. U.S. Magnesium Chloride Market Analysis

        19.1.1. By Grade

        19.1.2. By Product Form

        19.1.3. By Application

    19.2. Canada Magnesium Chloride Market Analysis

        19.2.1. By Product Form

        19.2.2. By Grade 

        19.2.3. By Application

    19.3. Mexico Magnesium Chloride Market Analysis

        19.3.1. By Product Form

        19.3.2. By Grade 

        19.3.3. By Application

    19.4. Brazil Magnesium Chloride Market Analysis

        19.4.1. By Product Form

        19.4.2. By Grade 

        19.4.3. By Application

    19.5. Germany Magnesium Chloride Market Analysis

        19.5.1. By Product Form

        19.5.2. By Grade 

        19.5.3. By Application

    19.6. Italy Magnesium Chloride Market Analysis

        19.6.1. By Product Form 

        19.6.2. By Grade 

        19.6.3. By Application

    19.7. France Magnesium Chloride Market Analysis

        19.7.1. By Product Form

        19.7.2. By Grade 

        19.7.3. By Application

    19.8. U.K. Magnesium Chloride Market Analysis

        19.8.1. By Product Form

        19.8.2. By Grade 

        19.8.3. By Application

    19.9. Spain Magnesium Chloride Market Analysis

        19.9.1. By Product Form

        19.9.2. By Grade 

        19.9.3. By Application

    19.10. Russia Magnesium Chloride Market Analysis

        19.10.1. By Product Form

        19.10.2. By Grade 

        19.10.3. By Application

    19.11. BENELUX Magnesium Chloride Market Analysis

        19.11.1. By Product Form

        19.11.2. By Grade 

        19.11.3. By Application

    19.12. China Magnesium Chloride Market Analysis

        19.12.1. By Product Form

        19.12.2. By Grade 

        19.12.3. By Application

    19.13. Japan Magnesium Chloride Market Analysis

        19.13.1. By Product Form

        19.13.2. By Grade 

        19.13.3. By Application

    19.14. S. Korea Magnesium Chloride Market Analysis

        19.14.1. By Product Form

        19.14.2. By Grade 

        19.14.3. By Application

    19.15. India Magnesium Chloride Market Analysis

        19.15.1. By Product Form

        19.15.2. By Grade 

        19.15.3. By Application

    19.16. ASEAN Magnesium Chloride Market Analysis

        19.16.1. By Product Form

        19.16.2. By Grade 

        19.16.3. By Application

    19.17. ANZ Magnesium Chloride Market Analysis

        19.17.1. By Product Form

        19.17.2. By Grade 

        19.17.3. By Application

    19.18. GCC Countries Magnesium Chloride Market Analysis

        19.18.1. By Product Form

        19.18.2. By Grade 

        19.18.3. By Application

    19.19. Turkey Magnesium Chloride Market Analysis

        19.19.1. By Product Form

        19.19.2. By Grade 

        19.19.3. By Application

    19.20. South Africa Magnesium Chloride Market Analysis

        19.20.1. By Product Form

        19.20.2. By Grade 

        19.20.3. By Application

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies [Magnesium Chloride]

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

    20.4. Production Capacity Estimates of Top Players

    20.5. Market Presence Analysis

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Primary Survey Analysis

    21.3. Competition Deep Dive 

        21.3.1. Compass Minerals International, Inc. E

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Key Financials

            21.3.1.4. Sales Footprint

            21.3.1.5. Strategy Overview

        21.3.2. K+S Aktiengesellschaft

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Key Financials

            21.3.2.4. Sales Footprint

            21.3.2.5. Strategy Overview

        21.3.3. Israel Chemical Ltd

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Key Financials

            21.3.3.4. Sales Footprint

            21.3.3.5. Strategy Overview

        21.3.4. Intrepid Potash Inc.

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Key Financials

            21.3.4.4. Sales Footprint

            21.3.4.5. Strategy Overview

        21.3.5. Nedmag B.V

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Key Financials

            21.3.5.4. Sales Footprint

            21.3.5.5. Strategy Overview

        21.3.6. Nikomag OJSC

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Key Financials

            21.3.6.4. Sales Footprint

            21.3.6.5. Strategy Overview

        21.3.7. DEUSA International GmbH

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Key Financials

            21.3.7.4. Sales Footprint

            21.3.7.5. Strategy Overview

        21.3.8. Huitai Investment Group Co Ltd

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Key Financials

            21.3.8.4. Sales Footprint

            21.3.8.5. Strategy Overview

        21.3.9. Weifang Yuze Chemical Co Ltd

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Key Financials

            21.3.9.4. Sales Footprint

            21.3.9.5. Strategy Overview

        21.3.10. Weifang Dongyuan Lianhai Chemical Co. Ltd

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Key Financials

            21.3.10.4. Sales Footprint

            21.3.10.5. Strategy Overview

        21.3.11. Tianjin Changlu Haijing Group Co. Ltd

            21.3.11.1. Overview

            21.3.11.2. Product Portfolio

            21.3.11.3. Key Financials

            21.3.11.4. Sales Footprint

            21.3.11.5. Strategy Overview

        21.3.12. Shandong Haihua Group Co. Ltd

            21.3.12.1. Overview

            21.3.12.2. Product Portfolio

            21.3.12.3. Key Financials

            21.3.12.4. Sales Footprint

            21.3.12.5. Strategy Overview

        21.3.13. Weifang Hongyuan Chemical Co. Ltd

            21.3.13.1. Overview

            21.3.13.2. Product Portfolio

            21.3.13.3. Key Financials

            21.3.13.4. Sales Footprint

            21.3.13.5. Strategy Overview

        21.3.14. Weifang Tenor Chemical Co. Ltd

            21.3.14.1. Overview

            21.3.14.2. Product Portfolio

            21.3.14.3. Key Financials

            21.3.14.4. Sales Footprint

            21.3.14.5. Strategy Overview

        21.3.15. Shouguang Hengyi Chemical Technology Co. Ltd

            21.3.15.1. Overview

            21.3.15.2. Product Portfolio

            21.3.15.3. Key Financials

            21.3.15.4. Sales Footprint

            21.3.15.5. Strategy Overview

        21.3.16. Shouguang Dingsheng Chemical Co. Ltd

            21.3.16.1. Overview

            21.3.16.2. Product Portfolio

            21.3.16.3. Key Financials

            21.3.16.4. Sales Footprint

            21.3.16.5. Strategy Overview

        21.3.17. Weifang Bell Chemical Co. Ltd

            21.3.17.1. Overview

            21.3.17.2. Product Portfolio

            21.3.17.3. Key Financials

            21.3.17.4. Sales Footprint

            21.3.17.5. Strategy Overview

        21.3.18. Anish Chemicals

            21.3.18.1. Overview

            21.3.18.2. Product Portfolio

            21.3.18.3. Key Financials

            21.3.18.4. Sales Footprint

            21.3.18.5. Strategy Overview

        21.3.19. Bhavani Chemicals

            21.3.19.1. Overview

            21.3.19.2. Product Portfolio

            21.3.19.3. Key Financials

            21.3.19.4. Sales Footprint

            21.3.19.5. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

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List of Tables

Table 01: Global Magnesium Chloride Market Size Volume (KT) Forecast by Product Form, 2016–2031

Table 02: Global Magnesium Chloride Market Size Value (US$ Mn) Forecast by Product Form, 2016–2031

Table 03: Global Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Grade, 2016–2031

Table 04: Global Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Application, 2016–2031

Table 05: Global Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Region, 2016–2031

Table 06: North America Magnesium Chloride Market Size (US$ Mn) and Volume (KT) Forecast by Country, 2016–2031

Table 07: North America Magnesium Chloride Market Volume (KT) Forecast by Product Form, 2016–2031

Table 08: North America Magnesium Chloride Market Value (US$ Mn) Forecast by Product Form, 2016–2031

Table 09: North America Magnesium Chloride Market Volume (KT) and Value (US$ Mn) Forecast by Grade, 2016–2031

Table 10: North America Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Application, 2016–2031

Table 11: Latin America Magnesium Chloride Market Size (US$ Mn) and Volume (KT) Forecast by Country, 2016–2031

Table 12: Latin America Magnesium Chloride Market Volume (KT) Forecast by Product Form, 2016–2031

Table 13: Latin America Magnesium Chloride Market Value (US$ Mn) Forecast by Product Form, 2016–2031

Table 14: Latin America Magnesium Chloride Market Volume (KT) and Value (US$ Mn) Forecast by Grade, 2016–2031

Table 15: Latin America Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Application, 2016–2031

Table 16: Europe Magnesium Chloride Market Size (US$ Mn) and Volume (KT) Forecast by Country, 2016–2031

Table 17: Europe Magnesium Chloride Market Volume (KT) Forecast by Product Form, 2016–2031

Table 18: Europe Magnesium Chloride Market Value (US$ Mn) Forecast by Product Form, 2016–2031

Table 19: Europe Magnesium Chloride Market Volume (KT) and Value (US$ Mn) Forecast by Grade, 2016–2031

Table 20: Europe Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Application, 2016–2031

Table 21: East Asia Magnesium Chloride Market Size (US$ Mn) and Volume (KT) Forecast by Country, 2016–2031

Table 22: East Asia Magnesium Chloride Market Volume (KT) Forecast by Product Form, 2016–2031

Table 23: East Asia Magnesium Chloride Market Value (US$ Mn) Forecast by Product Form, 2016–2031

Table 24: East Asia Magnesium Chloride Market Volume (KT) and Value (US$ Mn) Forecast by Grade, 2016–2031

Table 25: East Asia Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Application, 2016–2031

Table 26: South Asia Magnesium Chloride Market Size (US$ Mn) and Volume (KT) Forecast by Country, 2016–2031

Table 27: South Asia Pacific Magnesium Chloride Market Size Volume (KT) Forecast by Product Form, 2016–2031

Table 28: South Asia Pacific Magnesium Chloride Market Size Value (US$ Mn) Forecast by Product Form, 2016–2031

Table 29: South Asia Pacific Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Grade, 2016–2031

Table 30: South Asia Pacific Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn), Forecast by Application, 2016–2031

Table 31: MEA Magnesium Chloride Market Size (US$ Mn) and Volume (KT) Forecast by Country, 2016–2031

Table 32: MEA Magnesium Chloride Market Volume (KT)) Forecast by Product Form, 2016–2031

Table 33: MEA Magnesium Chloride Market Value (US$ Mn) Forecast by Product Form, 2016–2031

Table 34: MEA Magnesium Chloride Market Volume (KT) and Value (US$ Mn) Forecast by Grade, 2016–2031

Table 35: MEA Magnesium Chloride Market Size Volume (KT) and Value (US$ Mn) Forecast by Application, 2016–2031

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List of Charts

Figure 01:Global Magnesium Chloride Market Historical Volume (KT), 2016 – 2020

Figure 02: Global Magnesium Chloride  Market Volume (KT) Forecast, 2021 – 2031

Figure 03:Global Magnesium Chloride Market Historical Value (USD $ Mn ), 2016 – 2020

Figure 04:Global Magnesium Chloride Market Incremental $  Value Opportunity

Figure 05:Global Magnesium Chloride Market Value 2021-2031 and Y-O-Y (US$ Mn)

Figure 06: Global Magnesium Chloride Market Share and BPS Analysis by Product Form– 2021 & 2031

Figure 07: Global Magnesium Chloride Market Y-o-Y Growth Projections by Product Form, 2021 - 2031

Figure 08: Global Magnesium Chloride Market Absolute $ Opportunity by Liquid Segment, 2016-2031

Figure 09: Global Magnesium Chloride Market Absolute $ Opportunity by Solid Segment , 2016-2031

Figure 10: Global Magnesium Chloride Market Attractiveness Analysis by Product Form, 2021-2031

Figure 11: Global Magnesium Chloride Market Share and BPS Analysis by Grade– 2021 & 2031

Figure 12: Global Magnesium Chloride Market Y-o-Y Growth Projections by Grade, 2021 - 2031

Figure 13: Global Magnesium Chloride Market Absolute $ Opportunity by Industrial Segment, 2016-2031

Figure 14: Global Magnesium Chloride Market Absolute $ Opportunity by Food & Pharmaceuticals Segment , 2016-2031

Figure 15: Global Magnesium Chloride Market Attractiveness Analysis by Grade, 2021-2031

Figure 16: Global Magnesium Chloride Market Share and BPS Analysis by Application – 2021 & 2031

Figure 17: Global Magnesium Chloride Market Y-o-Y Growth Projection by Application, 2021-2031

Figure 18: Global Magnesium Chloride Market Absolute $ Opportunity by Deicing Agent Segment , 2016-2031

Figure 19: Global Magnesium Chloride Market Absolute $ Opportunity by Dust Suppressant Segment , 2016-2031

Figure 20: Global Magnesium Chloride Market Absolute $ Opportunity by Chemicals & Derivatives Segment , 2016-2031

Figure 21: Global Magnesium Chloride Market Absolute $ Opportunity by Building Materials Segment , 2016-2031

Figure 22: Global Magnesium Chloride Market Absolute $ Opportunity by Pharmaceutical Segment , 2016-2031

Figure 23: Global Magnesium Chloride Market Absolute $ Opportunity by Food & Feed Segment , 2016-2031

Figure 24: Global Magnesium Chloride Market Absolute $ Opportunity by Others Segment , 2016-2031

Figure 25: Global Magnesium Chloride Market Attractiveness Analysis by Application, 2021-2031

Figure 26: Global Magnesium Chloride Market Share and BPS Analysis by Region– 2021 & 2031

Figure 27: Global Magnesium Chloride Market Y-o-Y Growth Projections by Region, 2021-2031

Figure 28: Global Magnesium Chloride Market Absolute $ Opportunity by North America Segment , 2016-2031

Figure 29: Global Magnesium Chloride Market Absolute $ Opportunity by Latin America Segment , 2016-2031

Figure 30: Global Magnesium Chloride Market Absolute $ Opportunity by Europe Segment , 2016-2031

Figure 31: Global Magnesium Chloride Market Absolute $ Opportunity by East Asia Segment , 2016-2031

Figure 32: Global Magnesium Chloride Market Absolute $ Opportunity by South Asia Pacific Segment , 2016-2031

Figure 33: Global Magnesium Chloride Market Absolute $ Opportunity by MEA Segment , 2016-2031

Figure 34: Global Magnesium Chloride Market Attractiveness Analysis by Region, 2021-2031

Figure 35: North America Magnesium Chloride Market Share and BPS Analysis by Country– 2021 & 2031

Figure 36: North America Magnesium Chloride Market Y-o-Y Growth Projections by Country, 2021 - 2031

Figure 37: North America Magnesium Chloride Market Attractiveness Analysis by Country, 2021-2031

Figure 38: North America Magnesium Chloride Market Share and BPS Analysis by Product Form– 2021 & 2031

Figure 39: North America Magnesium Chloride Market Y-o-Y Growth Projections by Product Form, 2021 - 2031

Figure 40: North America Magnesium Chloride Market Attractiveness Analysis by Product Form, 2021-2031

Figure 41: North America Magnesium Chloride Market Share and BPS Analysis by Grade– 2021 & 2031

Figure 42: North America Magnesium Chloride Market Y-o-Y Growth Projections by Grade, 2021 - 2031

Figure 43: North America Magnesium Chloride Market Attractiveness Analysis by Grade, 2021-2031

Figure 44: North America Magnesium Chloride Market Share and BPS Analysis by Application– 2021 & 2031

Figure 45: North America Magnesium Chloride Market Y-o-Y Growth Projections by Application, 2021 - 2031

Figure 46: North America Magnesium Chloride Market Attractiveness Analysis by Application, 2021-2031

Figure 47: Latin America Magnesium Chloride Market Share and BPS Analysis by Country– 2021 & 2031

Figure 48: Latin America Magnesium Chloride Market Y-o-Y Growth Projections by Country, 2021 - 2031

Figure 49: Latin America Magnesium Chloride Market Attractiveness Analysis by Country, 2021-2031

Figure 50: Latin America Magnesium Chloride Market Share and BPS Analysis by Product Form– 2021 & 2031

Figure 51: Latin America Magnesium Chloride Market Y-o-Y Growth Projections by Product Form, 2021 - 2031

Figure 52: Latin America Magnesium Chloride Market Attractiveness Analysis by Product Form, 2021-2031

Figure 53: Latin America Magnesium Chloride Market Share and BPS Analysis by Grade– 2021 & 2031

Figure 54: Latin America Magnesium Chloride Market Y-o-Y Growth Projections by Grade, 2021 - 2031

Figure 55: Latin America Magnesium Chloride Market Attractiveness Analysis by Grade, 2021-2031

Figure 56: Latin America Magnesium Chloride Market Share and BPS Analysis by Application– 2021 & 2031

Figure 57: Latin America Magnesium Chloride Market Y-o-Y Growth Projections by Application, 2021 - 2031

Figure 58: Latin America Magnesium Chloride Market Attractiveness Analysis by Application, 2021-2031

Figure 59: Europe Magnesium Chloride Market Share and BPS Analysis by Country– 2021 & 2031

Figure 60: Europe Magnesium Chloride Market Y-o-Y Growth Projections by Country, 2021 - 2031

Figure 61: Europe Magnesium Chloride Market Attractiveness Analysis by Country, 2021-2031

Figure 62: Europe Magnesium Chloride Market Share and BPS Analysis by Product Form– 2021 & 2031

Figure 63: Europe Magnesium Chloride Market Y-o-Y Growth Projections by Product Form, 2021 - 2031

Figure 64: Europe Magnesium Chloride Market Attractiveness Analysis by Product Form, 2021-2031

Figure 65: Europe Magnesium Chloride Market Share and BPS Analysis by Grade– 2021 & 2031

Figure 66: Europe Magnesium Chloride Market Y-o-Y Growth Projections by Grade, 2021 - 2031

Figure 67: Europe Magnesium Chloride Market Attractiveness Analysis by Grade, 2021-2031

Figure 68: Europe Magnesium Chloride Market Share and BPS Analysis by Application– 2021 & 2031

Figure 69: Europe Magnesium Chloride Market Y-o-Y Growth Projections by Application, 2021 - 2031

Figure 70: Europe Magnesium Chloride Market Attractiveness Analysis by Application, 2021-2031

Figure 71: East Asia Magnesium Chloride Market Share and BPS Analysis by Country– 2021 & 2031

Figure 72: East Asia Magnesium Chloride Market Y-o-Y Growth Projections by Country, 2021 - 2031

Figure 73: East Asia Magnesium Chloride Market Attractiveness Analysis by Country, 2021-2031

Figure 74: East Asia Magnesium Chloride Market Share and BPS Analysis by Product Form– 2021 & 2031

Figure 75: East Asia Magnesium Chloride Market Y-o-Y Growth Projections by Product Form, 2021 - 2031

Figure 76: East Asia Magnesium Chloride Market Attractiveness Analysis by Product Form, 2021-2031

Figure 77: East Asia Magnesium Chloride Market Share and BPS Analysis by Grade– 2021 & 2031

Figure 78: East Asia Magnesium Chloride Market Y-o-Y Growth Projections by Grade, 2021 - 2031

Figure 79: East Asia Magnesium Chloride Market Attractiveness Analysis by Grade, 2021-2031

Figure 80: East Asia Magnesium Chloride Market Share and BPS Analysis by Application– 2021 & 2031

Figure 81: East Asia Magnesium Chloride Market Y-o-Y Growth Projections by Application, 2021 - 2031

Figure 82: East Asia Magnesium Chloride Market Attractiveness Analysis by Application, 2021-2031

Figure 83: South Asia Pacific Magnesium Chloride Market Share and BPS Analysis by Country– 2021 & 2031

Figure 84: South Asia Magnesium Chloride Market Y-o-Y Growth Projections by Country, 2021 - 2031

Figure 85: South Asia Pacific Magnesium Chloride Market Attractiveness Analysis by Country, 2021-2031

Figure 86: South Asia Pacific Magnesium Chloride Market Share and BPS Analysis by Product Form– 2021 & 2031

Figure 87: South Asia Pacific Magnesium Chloride Market Y-o-Y Growth Projections by Product Form, 2021 - 2031

Figure 88: South Asia Pacific Magnesium Chloride Market Attractiveness Analysis by Product Form, 2021-2031

Figure 89: South Asia Pacific Magnesium Chloride Market Share and BPS Analysis by Grade– 2021 & 2031

Figure 90: South Asia Pacific Magnesium Chloride Market Y-o-Y Growth Projections by Grade, 2021 - 2031

Figure 91: South Asia Pacific Magnesium Chloride Market Attractiveness Analysis by Grade, 2021-2031

Figure 92: South Asia Pacific Magnesium Chloride Market Share and BPS Analysis by Application– 2021 & 2031

Figure 93: South Asia Pacific Magnesium Chloride Market Y-o-Y Growth Projections by Application, 2021 - 2031

Figure 94: South Asia Pacific Magnesium Chloride Market Attractiveness Analysis by Application, 2021-2031

Figure 95: MEA Pacific Magnesium Chloride Market Share and BPS Analysis by Country– 2021 & 2031

Figure 96: MEA Magnesium Chloride Market Y-o-Y Growth Projections by Country, 2021 - 2031

Figure 97: MEA Magnesium Chloride Market Attractiveness Analysis by Country, 2021-2031

Figure 98: MEA Magnesium Chloride Market Share and BPS Analysis by Product Form– 2021 & 2031

Figure 99: MEA Magnesium Chloride Market Y-o-Y Growth Projections by Product Form, 2021 - 2031

Figure 100: MEA Magnesium Chloride Market Attractiveness Analysis by Product Form, 2021-2031

Figure 101: MEA Magnesium Chloride Market Share and BPS Analysis by Grade– 2021 & 2031

Figure 102: MEA Magnesium Chloride Market Y-o-Y Growth Projections by Grade, 2021 - 2031

Figure 103: MEA Magnesium Chloride Market Attractiveness Analysis by Grade, 2021-2031

Figure 104: MEA Magnesium Chloride Market Share and BPS Analysis by Application– 2021 & 2031

Figure 105: MEA Magnesium Chloride Market Y-o-Y Growth Projections by Application, 2021 - 2031

Figure 106: MEA Magnesium Chloride Market Attractiveness Analysis by Application, 2021-2031

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