Summary

Magnesium sulfate Market Research Report Information by Form (Crystal, Powder, and Granules) By Type (Heptahydrate, Anhydrous, Monohydrate, and Others) By End-Use Industry (Fertilizer, Medical, Food Additive, Industrial, Chemical, and Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)-Global Forecast to 2032


Market Overview
The magnesium sulfate market is expected to reach USD 1136.74 million by 2032, with a compound annual growth rate (CAGR) of 3.79% during the forecast period (2024-2032). Magnesium sulfate is a vital ingredient for plants, helping to improve soil structure, increase nutrient availability, and boost crop yields. This application is likely to boost market growth in the agricultural sector. Magnesium sulfate is especially useful for crops that require a lot of magnesium, like fruits, vegetables, and nuts. Magnesium sulfate is used in the construction sector to slow the setting of cement and concrete. This application is projected to help drive market expansion in the construction industry. Magnesium sulfate is very useful in large-scale building projects that require a controlled setting time for cement and concrete. Magnesium sulfate is a well-known obstetric medication that has been used for many years, primarily to prevent and cure eclampsia. However, its applications go beyond this field. The medicine is also used to treat magnesium insufficiency, seizures, and as a laxative. The growing worldwide population and rising prevalence of chronic diseases are driving the demand for magnesium sulfate in pharmaceuticals. One of the most promising applications for magnesium sulfate in the pharmaceutical market is as a neuroprotective agent. According to research, magnesium sulfate may protect the brain, lowering the risk of neurological consequences after traumatic brain injury, stroke, and other neurological illnesses. This has sparked a renewed interest in the development of magnesium sulfate-based treatments for neurological disorders.

Market Segment insights
The Magnesium Sulfate Market has been divided into three segments based on form: crystal, powder, and granules. The crystal segment dominated the market in 2023, with a revenue share of 61.90%, and is predicted to rise at a CAGR of 3.71% over the forecast period. Manganese sulfate, in its crystal form, is a solid, structured chemical composed of manganese, sulfur, and oxygen. This type is widely employed in a variety of industries, the most prominent of which is agriculture.
In 2023, the Heptahydrate category will be the most dominant, accounting for 65.64% of the market and worth USD 535.09 million. Heptahydrate manganese sulfate (MnSO₄ · 7H₂O) is a crystalline chemical used in agriculture and cattle. In agriculture, it acts as a micronutrient fertilizer, strategically addressing manganese shortages in the soil.
In 2023, the Fertilizer segment had a 29.36% market revenue share, and it is predicted to increase at a CAGR of 4.46 over the forecast period 2024-2032.

Key Market Players
The market's leading players are K+S Aktiengesellschaft, PQ Corporation, Nafine Chemical Industry Group Co. Ltd, UMAI CHEMICAL CO., Ltd, Giles Chemical, Morton Salt, Inc, Acuro Organics Limited, and Laizhou Guangcheng Chemical Co. Ltd. LHCHEM and VINIPUL INORGANICS PVT. LTD.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 19
2 MARKET INTRODUCTION 23
2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 24
2.3 RESEARCH OBJECTIVE 24
2.4 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY 25
3.1 OVERVIEW 25
3.2 DATA FLOW 27
3.2.1 DATA MINING PROCESS 27
3.3 PURCHASED DATABASE: 28
3.4 SECONDARY SOURCES: 29
3.4.1 SECONDARY RESEARCH DATA FLOW: 30
3.5 PRIMARY RESEARCH: 31
3.5.1 PRIMARY RESEARCH DATA FLOW: 32
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 33
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE 33
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 34
3.6.1 REVENUE ANALYSIS APPROACH 34
3.7 DATA FORECASTING 34
3.7.1 DATA FORECASTING TECHNIQUE 35
3.8 DATA MODELING 36
3.8.1 MICROECONOMIC FACTOR ANALYSIS: 36
3.8.2 DATA MODELING: 37
3.9 TEAMS AND ANALYST CONTRIBUTION 39
4 MARKET DYNAMICS 41
4.1 INTRODUCTION 41
4.2 DRIVERS 41
4.2.1 RISING DEMAND FOR MAGNESIUM SULFATE IN THE AGRICULTURAL SECTOR 41
4.2.2 RISING DEMAND FROM FOOD AND BEVERAGE INDUSTRY 43
4.3 RESTRAINTS 45
4.3.1 ADVERSE EFFECTS ASSOCIATED WITH THE USE OF MAGNESIUM SULFATE-BASED DRUGS 45
4.4 OPPORTUNITY 46
4.4.1 INCREASING USE OF MAGNESIUM SULFATE IN MEDICAL APPLICATIONS 46
4.5 IMPACT ANALYSIS OF COVID-19 47
4.5.1 IMPACT ON THE SUPPLY CHAIN OF GLOBAL MAGNESIUM SULFATE MARKET 47
4.5.2 IMPACT ON MARKET DEMAND OF GLOBAL MAGNESIUM SULFATE MARKET 48
4.6 COVID-19 IMPACT ON MAJOR END-USE INDUSTRIES OF MAGNESIUM SULFATE 49
5 MARKET FACTOR ANALYSIS 50
5.1 SUPPLY CHAIN ANALYSIS 50
5.1.1 RAW MATERIAL SUPPLIERS 50
5.1.2 MAGNESIUM SULFATELFATE MANUFACTURERS 50
5.1.3 DISTRIBUTORS 51
5.1.4 END USE INDUSTRY 51
5.2 PORTER’S FIVE FORCES MODEL 52
5.2.1 BARGAINING POWER OF SUPPLIERS 52
5.2.2 BARGAINING POWER OF BUYERS 53
5.2.3 THREAT OF NEW ENTRANTS 53
5.2.4 THREAT OF SUBSTITUTES 53
5.2.5 INTENSITY OF RIVALRY 53
5.3 SUPPLY-DEMAND ANALYSIS 54
5.4 PRICING ANALYSIS 55
5.4.1 PRICING ANALYSIS, 2018–2032 BY REGION, USD/TON 55
5.5 THE MOST COMMON INCOTERMS FOR THE INTERNATIONAL TRADE OF MAGNESIUM
SULFATE 60
5.5.1 FAS (FREE ALONGSIDE SHIP) INCOTERMS 60
5.5.2 FCA (FREE CARRIER) INCOTERMS 61
5.5.3 DAP (DELIVERED AT PLACE) INCOTERMS 62
5.5.4 DPU (DELIVERED AT PLACE UNLOADED) INCOTERMS 63
5.6 TRADE ANALYSIS 64
5.6.1 EXPORT ANALYSIS OF THE MAGNESIUM SULFATE MARKET, BY COUNTRY FROM 2018 TO 2022
(USD THOUSAND) 64
5.6.2 IMPORT ANALYSIS OF THE MAGNESIUM SULFATE MARKET, BY COUNTRY FROM 2018 TO 2022
(USD THOUSAND) 67
5.7 PORTS FROM WHERE MAGNESIUM SULFATE IS TRADED INTERNATIONALLY 70
6 GLOBAL MAGNESIUM SULFATE MARKET, BY FORM 73
6.1 INTRODUCTION 73
6.1.1 CRYSTAL 74
6.1.2 POWDER 75
6.1.3 GRANULES 75
7 GLOBAL MAGNESIUM SULFATE MARKET, BY TYPE 76
7.1 INTRODUCTION 76
7.1.1 HEPTAHYDRATE 77
7.1.2 ANHYDROUS 78
7.1.3 MONOHYDRATE 78
7.1.4 OTHERS 79
8 GLOBAL MAGNESIUM SULFATE MARKET, BY APPLICATION 80
8.1 INTRODUCTION 80
8.1.1 FERTILIZER 82
8.1.2 MEDICAL 82
8.1.3 FOOD ADDITIVES 83
8.1.4 INDUSTRIAL 83
8.1.5 CHEMICAL 83
8.1.6 OTHERS 84
9 GLOBAL MAGNESIUM SULFATE MARKET, BY REGION 85
9.1 OVERVIEW 85
9.2 NORTH AMERICA 87
9.2.1 US 90
9.2.2 CANADA 92
9.2.3 MEXICO 94
9.2.4 EUROPE 96
9.2.5 GERMANY 100
9.2.6 UK 102
9.2.7 FRANCE 104
9.2.8 ITALY 106
9.2.9 SPAIN 108
9.2.10 REST OF EUROPE 110
9.2.11 ASIA PACIFIC 112
9.2.12 CHINA 116
9.2.13 JAPAN 118
9.2.14 INDIA 120
9.2.15 AUSTRALIA 122
9.2.16 SOUTH KOREA 124
9.2.17 REST OF ASIA PACIFIC 126
9.2.18 SOUTH AMERICA 129
9.2.19 BRAZIL 132
9.2.20 ARGENTINA 134
9.2.21 REST OF SOUTH AMERICA 136
9.2.22 MIDDLE EAST & AFRICA 138
9.2.23 GCC COUNTRIES 142
9.2.24 SOUTH AFRICA 144
9.2.25 TURKEY 146
9.2.26 REST OF MIDDLE EAST & AFRICA 148
10 COMPETITIVE LANDSCAPE 151
10.1 INTRODUCTION 151
10.2 COMPETITION DASHBOARD 151
10.3 COMPANY MARKET SHARE ANALYSIS, 2022 (%) 152
10.4 COMPETITIVE BENCHMARKING 153
10.5 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE MAGNESIUM SULFATE MARKET 154
10.6 LIST OF KEY PLAYERS, BY REGION 154
10.7 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022 155
10.8 KEY DEVELOPMENTS & GROWTH STRATEGIES 155
10.8.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT 155
10.8.2 MERGER & ACQUISITION 155
10.8.3 CAPACITY EXPANSION 156
11 COMPANY PROFILES 157
11.1 K+S AKTIENGESELLSCHAFT 157
11.1.1 COMPANY OVERVIEW 157
11.1.2 FINANCIAL OVERVIEW 158
11.1.3 PRODUCTS OFFERED 159
11.1.4 KEY DEVELOPMENTS 159
11.1.5 SWOT ANALYSIS 160
11.1.6 KEY STRATEGY 160
11.2 PQ CORPORATION 161
11.2.1 COMPANY OVERVIEW 161
11.2.2 FINANCIAL OVERVIEW 161
11.2.3 PRODUCTS OFFERED 161
11.2.4 KEY DEVELOPMENTS 161
11.2.5 SWOT ANALYSIS 162
11.2.6 KEY STRATEGY 162
11.3 CHINA NAFINE GROUP INTERNATIONAL CO., LTD 163
11.3.1 COMPANY OVERVIEW 163
11.3.2 FINANCIAL OVERVIEW 163
11.3.3 PRODUCTS OFFERED 163
11.3.4 KEY DEVELOPMENTS 163
11.3.5 SWOT ANALYSIS 164
11.3.6 KEY STRATEGY 164
11.4 MORTON SALT, INC. 165
11.4.1 COMPANY OVERVIEW 165
11.4.2 FINANCIAL OVERVIEW 165
11.4.3 PRODUCTS OFFERED 165
11.4.4 KEY DEVELOPMENTS 165
11.4.5 SWOT ANALYSIS 166
11.4.6 KEY STRATEGY 166
11.5 GILES CHEMICAL (PREMIER MAGNESIA) 167
11.5.1 COMPANY OVERVIEW 167
11.5.2 FINANCIAL OVERVIEW 167
11.5.3 PRODUCTS OFFERED 167
11.5.4 KEY DEVELOPMENTS 167
11.5.5 SWOT ANALYSIS 168
11.5.6 KEY STRATEGY 168
11.6 ACURO ORGANICS LIMITED 169
11.6.1 COMPANY OVERVIEW 169
11.6.2 FINANCIAL OVERVIEW 169
11.6.3 PRODUCTS OFFERED 169
11.6.4 KEY DEVELOPMENTS 169
11.6.5 SWOT ANALYSIS 170
11.6.6 KEY STRATEGY 170
11.7 LAIZHOU GUANGCHENG CHEMICAL CO. LTD 171
11.7.1 COMPANY OVERVIEW 171
11.7.2 FINANCIAL OVERVIEW 171
11.7.3 PRODUCTS OFFERED 171
11.7.4 KEY DEVELOPMENTS 171
11.7.5 SWOT ANALYSIS 172
11.7.6 KEY STRATEGY 172
11.8 UMAI CHEMICAL CO., LTD 173
11.8.1 COMPANY OVERVIEW 173
11.8.2 FINANCIAL OVERVIEW 173
11.8.3 PRODUCTS OFFERED 173
11.8.4 KEY DEVELOPMENTS 173
11.8.5 SWOT ANALYSIS 174
11.8.6 KEY STRATEGY 174
11.9 VINIPUL INORGANICS PVT. LTD. 175
11.9.1 COMPANY OVERVIEW 175
11.9.2 FINANCIAL OVERVIEW 175
11.9.3 PRODUCTS OFFERED 175
11.9.4 KEY DEVELOPMENTS 176
11.9.5 SWOT ANALYSIS 176
11.9.6 KEY STRATEGY 176
11.10 LHCHEM 177
11.10.1 COMPANY OVERVIEW 177
11.10.2 FINANCIAL OVERVIEW 177
11.10.3 PRODUCTS OFFERED 177
11.10.4 KEY DEVELOPMENTS 177
11.10.5 SWOT ANALYSIS 178
11.10.6 KEY STRATEGY 178