The global Magnesium Carbonate market was valued at US$ 67 million in 2020 and it is expected to reach US$ 86 million by the end of 2027, growing at a CAGR of 3.2% during 2021-2027.
Magnesium carbonate, MgCO3 (CAS 546-93-0), is an inorganic salt that is a white solid. Several hydrated and basic forms of magnesium carbonate also exist as minerals.
The primary use of magnesium carbonate is the production of magnesium oxide by calcining. Magnesite and dolomite minerals are used to produce refractory bricks. MgCO3 is also used in flooring, fireproofing, Pulp & Paper Industry compositions, cosmetics, dusting powder, and toothpaste. Other applications are as filler material, smoke suppressant in plastics, a reinforcing agent in neoprene rubber, a drying agent, a laxative to loosen the bowels, and color retention in foods. In addition, high purity magnesium carbonate is used as antacid and as an additive in table salt to keep it free flowing.
The Magnesium Carbonate market covers Light Magnesium Carbonate, Heavy Magnesium Carbonate, etc. The typical players include Naikai Salt Industries Co.,LTD, Konoshima Chemical, SCORA S.A.S, Rahul Magnesia Pvt. Ltd., Bakhtawar Industries, Yingkou Magnesite Chemical, Hebei Gaolin, Zehui Chemical, etc.
Main firms in the global Magnesium Carbonate Market include Konoshima Chemical; Zehui Chemical, Naikai Salt Industries etc., with Zehui Chemical making up 13% of the global market. With Japanese and Chinese firms making up a great share of the global Magnesium Carbonate market, makes Asia-Pacific a huge market share holding region, making up more than half of the global Magnesium Carbonate market. In terms of product, Heavy Magnesium is the largest segment, with a share over 60%. And in terms of application, the largest application is in Plastic and Rubber, followed by Pharmaceuticals.
Global Magnesium Carbonate Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Magnesium Carbonate Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Naikai Salt Industries Co.,LTD, Konoshima Chemical, Rahul Magnesia, Scora S.A.S, Bakhtawar Industries, Hebei Gaolin, Zehui Chemical, Meishen, Xingtai Messi, Liaoning Xinghai Pharmaceutical, Yixing Lark Fine Chemical, Yingkou Magnesite Chemical, Dr. Paul Lohmann and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Light Magnesium Carbonate
- Heavy Magnesium Carbonate
Segment by Application
- Plastic & Rubber
- Personal Care & Cosmetics
- Paints & Inks
- Pulp & Paper
- Food & Beverage
Table of Content:
1 Magnesium Carbonate Market Overview
2 Magnesium Carbonate Market Competition by Manufacturers
3 Magnesium Carbonate Retrospective Market Scenario by Region
4 Global Magnesium Carbonate Historic Market Analysis by Type
5 Global Magnesium Carbonate Historic Market Analysis by Application
6 Key Companies Profiled
7 Magnesium Carbonate Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Magnesium Carbonate Market Dynamics
10 Global Magnesium Carbonate Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta