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[293 Pages Report] The magnesium chloride market value is expected to surpass US$ 379.3 Million 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.
Attribute | Details |
---|---|
Magnesium Chloride Market Outlook Base Year Value (2020A) | US$ 366.2 Million |
Magnesium Chloride Market Outlook Estimated Year Value (2021E) | US$ 379.3 Million |
Magnesium Chloride Market Outlook Projected Year Value (2031F) | US$ 580.3 Million |
Value CAGR (2021 to 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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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.
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.
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.
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.
“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.
“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.
“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.
“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.
“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.
“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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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:
Attribute | Details |
---|---|
Forecast Period | 2021 to 2031 |
Historical Data Available for | 2016 to 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 | USA, Canada, Brazil, Mexico, Germany, UK, 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 |
|
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
By Product Form:
By Grade:
By Application:
By Region:
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.
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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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
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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