The global demand for Magnesium Derivatives Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Magnesium Derivatives are compounds of magnesium obtained from magnesite or dolomite ores, some of the many sources of the element available in the universe. Magnesium is known for its strength and lightweight. Its derivatives are used in a plethora of applications, the key ones being automotive & aircraft components, pyrotechnics, reagents, photoengraving plates, sports equipment, batteries, alcohols, fertilizers, paper manufacture and refractories. The good thermal and electrical conductivity make it suitable for household appliances.
The market for magnesium derivatives is mainly driven by its use in lightweight automotive parts. Rapid industrialization will boost the demand for these derivatives in furnaces and refractory applications, a lucrative market. The versatility and the use of these compounds in a wide range of industries will maintain the growth of this market at a stable rate. Increase in the consumption of a plant-based diet will propel the growth in the fertilizers sector. The need for magnesium supplements and the use of its oxide in orally disintegrating tablets will stabilise its market during the COVID-19 lockdown. The increased awareness of the health hazards associated with these derivatives will hamper the growth of this market.
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 derivatives.
The entire magnesium derivatives market has been sub-categorized into product type and application. 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 Product Type
- Magnesium Sulfate
- Magnesium Hydroxide
- Water Treatment
- Animal Feed
This section covers regional segmentation which accentuates on current and future demand for magnesium derivatives 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 Derivatives 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 derivatives market include Causmag International, GongyiQianghong Magnesium Technology, Grecian Magnesite, Martin Marietta Magnesia Specialties, Sinwon Chemical, IBAR Nordeste, Oksihim, Baymag, Tateho, Yingkou Magnesite Chemical Ind Group, Others. 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.