As per this study the Global Magnesium Phosphate Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Magnesium Phosphate is synthesized from partial neutralization of phosphoric acid with magnesium oxide. It is insoluble in alcohol and slightly soluble in water. Magnesium Phosphate used as an emulsifier, anticaking agent and mineral fortifier in functional foods and supplements. In addition, it acts as leavening acid in bakery products to provide uniform cell structure and imparts moistness. Also, it is used in fertilizers for reducing soil acidity and in improving soil condition.
The growing healthcare industry coupled with the rising geriatric population is the major factor driving the magnesium phosphate market. Rising adoption of magnesium phosphate for improving blood pressure, protein synthesis, energy metabolism and for reducing fatigue is also driving the market growth. In addition to this, extensive utilization of magnesium phosphate in fertilizers and water treatment is further fuelling the market growth. Whereas, the growing use of magnesium phosphate as bone cement is expected to drive market growth in the forecast period. However, insufficiency of raw material leads to demand supply gap is hampering the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of magnesium phosphate.
The broad magnesium phosphate market has been sub-grouped into product and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Monomagnesium Phosphate
- Di-Magnesium Phosphate
- Trimagnesium Phosphate
- Food & Beverages
- Animal Feed
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for magnesium phosphate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Magnesium Phosphate Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the magnesium phosphate market includes Jostchemical, Innophos, Refractory Minerals Company, Triveni Chemicals, KRONOX Lab Science and Celtic Chemicals An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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