The global demand for Magnesium Carbonate Minerals Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Magnesium carbonate, MgCo3 is a solid, white-colored, inorganic salt. There are various hydrated and basic forms of this inorganic salt, found as minerals. The main application of magnesium carbonate is to make magnesium oxide by calcining. Magnesium carbonate has a broad range of applications. Magnesium carbonate can be applied in cosmetics, toothpaste, dusting powder, flooring, fire extinguishing compositions, and fireproofing. It is used to retain color in food, as a drying agent, and as a filler material in plastic. Magnesium chloride is insoluble in water and soluble in acid. Due to this unique property, highly pure magnesium chloride is used as an antacid and as an additive in table salt.
Market Dynamics
The rising demand for magnesium chloride mineral is attributed to its broad range of applications in a variety of sectors including pharmaceutical, personal care, construction, and other industries. Magnesium chloride minerals are also widely used in ceramic, plastic, polymers, steel, metallurgy, paint, fertilizers, and chemical industry. The multiple applications in multiple industries are the key factors that are boosting the magnesium chloride minerals market. COVID-19, a global pandemic is expected to adversely affect various industry sectors. However, the global magnesium chloride minerals market is projected to witness upsurge owing to growing pharmaceutical and personal care industries due to COVID 19.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of magnesium carbonate minerals.
Market Segmentation
The entire magnesium carbonate minerals market has been sub-categorized into type and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Light Magnesium Carbonate
- Heavy Magnesium Carbonate
By End-User
- Magnesium Oxide Production
- Pharmaceuticals
- Plastic & Rubber Industry
- Personal Care & Cosmetics
- Paints & Inks
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for magnesium carbonate minerals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Magnesium Carbonate Minerals Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the magnesium carbonate minerals market include Lhoist Group, Omya Group, SCR-Sibelco N.V., Specialty Minerals Inc., Nordkalk Oy Ab, Beihai Group, Graymont Limited, Nittetsu Mining Co., Ltd., Shinko Kogyo Co., Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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