Summary

Global Magnesium Nitrate Hexahydrate Market 2024-2028
The magnesium nitrate hexahydrate market is forecasted to grow by USD 179.96 mn during 2023-2028, accelerating at a CAGR of 4.79% during the forecast period. The report on the magnesium nitrate hexahydrate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for magnesium nitrate hexahydrate from major agricultural countries, growth in fertilizer industry, and growing use of magnesium nitrate hexahydrate in mining applications.
Technavio's magnesium nitrate hexahydrate market is segmented as below:
By Application
• Additives
• Process chemicals
• Explosive
• Others
By Component
• Dehydrating agent
• Solubilizing agent
• Others
By Geographical Landscape
• APAC
• North America
• Europe
• South America
• Middle East and Africa
This study identifies the adoption of precision farming as one of the prime reasons driving the magnesium nitrate hexahydrate market growth during the next few years. Also, increasing preference for hydroponics and increased urban demand for fruits and vegetables driving horticultural production will lead to sizable demand in the market.
The report on the magnesium nitrate hexahydrate market covers the following areas:
• Magnesium nitrate hexahydrate market sizing
• Magnesium nitrate hexahydrate market forecast
• Magnesium nitrate hexahydrate market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnesium nitrate hexahydrate market vendors that include American Elements, Avantor Inc, Central Drug House, FUJI KASEI Co. Ltd., GFS Chemicals Inc., Glentham Life Sciences Ltd., Honeywell International Inc., LABSCOOP LLC, Loba Chemie Pvt. Ltd., Molekula Ltd., Otto Chemie Pvt. Ltd., ProChem Inc., Redox Ltd., Shanxi Knlan Chemical Co. Ltd., Sisco Research Laboratories Pvt. Ltd., Spectrum Laboratory Products Inc., Strem Chemicals Inc., Merck KGaA, Thermo Fisher Scientific Inc., TROPAG OSCAR H. RITTER NACHF. GMBH., and Vizag Chemical International. Also, the magnesium nitrate hexahydrate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/magnesium-nitrate-hexahydrate-market-industry-analysis
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

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Table of Contents

- 1 Executive Summary
o 1.1 Market overview
o Exhibit 01: Executive Summary - Chart on Market Overview
o Exhibit 02: Executive Summary - Data Table on Market Overview
o Exhibit 03: Executive Summary - Chart on Global Market Characteristics
o Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
o Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
o Exhibit 06: Executive Summary - Chart on Market Segmentation by Component
o Exhibit 07: Executive Summary - Chart on Incremental Growth
o Exhibit 08: Executive Summary - Data Table on Incremental Growth
o Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
- 2 Market Landscape
o 2.1 Market ecosystem
o Exhibit 10: Parent market
o Exhibit 11: Market Characteristics
- 3 Market Sizing
o 3.1 Market definition
o Exhibit 12: Offerings of vendors included in the market definition
o 3.2 Market segment analysis
o Exhibit 13: Market segments
o 3.3 Market size 2023
o 3.4 Market outlook: Forecast for 2023-2028
o Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
o Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
o Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
o Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- 4 Historic Market Size
o 4.1 magnesium nitrate hexahydrate market 2018 - 2022
o Exhibit 18: Historic Market Size - Data Table on magnesium nitrate hexahydrate market 2018 - 2022 ($ million)
o 4.2 Application Segment Analysis 2018 - 2022
o Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
o 4.3 Component Segment Analysis 2018 - 2022
o Exhibit 20: Historic Market Size - Component Segment 2018 - 2022 ($ million)
o 4.4 Geography Segment Analysis 2018 - 2022
o Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
o 4.5 Country Segment Analysis 2018 - 2022
o Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
- 5 Five Forces Analysis
o 5.1 Five forces summary
o Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
o 5.2 Bargaining power of buyers
o Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
o 5.3 Bargaining power of suppliers
o Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
o 5.4 Threat of new entrants
o Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
o 5.5 Threat of substitutes
o Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
o 5.6 Threat of rivalry
o Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
o 5.7 Market condition
o Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
- 6 Market Segmentation by Application
o 6.1 Market segments
o Exhibit 30: Chart on Application - Market share 2023-2028 (%)
o Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
o 6.2 Comparison by Application
o Exhibit 32: Chart on Comparison by Application
o Exhibit 33: Data Table on Comparison by Application
o 6.3 Additives - Market size and forecast 2023-2028
o Exhibit 34: Chart on Additives - Market size and forecast 2023-2028 ($ million)
o Exhibit 35: Data Table on Additives - Market size and forecast 2023-2028 ($ million)
o Exhibit 36: Chart on Additives - Year-over-year growth 2023-2028 (%)
o Exhibit 37: Data Table on Additives - Year-over-year growth 2023-2028 (%)
o 6.4 Process chemicals - Market size and forecast 2023-2028
o Exhibit 38: Chart on Process chemicals - Market size and forecast 2023-2028 ($ million)
o Exhibit 39: Data Table on Process chemicals - Market size and forecast 2023-2028 ($ million)
o Exhibit 40: Chart on Process chemicals - Year-over-year growth 2023-2028 (%)
o Exhibit 41: Data Table on Process chemicals - Year-over-year growth 2023-2028 (%)
o 6.5 Explosive - Market size and forecast 2023-2028
o Exhibit 42: Chart on Explosive - Market size and forecast 2023-2028 ($ million)
o Exhibit 43: Data Table on Explosive - Market size and forecast 2023-2028 ($ million)
o Exhibit 44: Chart on Explosive - Year-over-year growth 2023-2028 (%)
o Exhibit 45: Data Table on Explosive - Year-over-year growth 2023-2028 (%)
o 6.6 Others - Market size and forecast 2023-2028
o Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ million)
o Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ million)
o Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
o Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
o 6.7 Market opportunity by Application
o Exhibit 50: Market opportunity by Application ($ million)
o Exhibit 51: Data Table on Market opportunity by Application ($ million)
- 7 Market Segmentation by Component
o 7.1 Market segments
o Exhibit 52: Chart on Component - Market share 2023-2028 (%)
o Exhibit 53: Data Table on Component - Market share 2023-2028 (%)
o 7.2 Comparison by Component
o Exhibit 54: Chart on Comparison by Component
o Exhibit 55: Data Table on Comparison by Component
o 7.3 Dehydrating agent - Market size and forecast 2023-2028
o Exhibit 56: Chart on Dehydrating agent - Market size and forecast 2023-2028 ($ million)
o Exhibit 57: Data Table on Dehydrating agent - Market size and forecast 2023-2028 ($ million)
o Exhibit 58: Chart on Dehydrating agent - Year-over-year growth 2023-2028 (%)
o Exhibit 59: Data Table on Dehydrating agent - Year-over-year growth 2023-2028 (%)
o 7.4 Solubilizing agent - Market size and forecast 2023-2028
o Exhibit 60: Chart on Solubilizing agent - Market size and forecast 2023-2028 ($ million)
o Exhibit 61: Data Table on Solubilizing agent - Market size and forecast 2023-2028 ($ million)
o Exhibit 62: Chart on Solubilizing agent - Year-over-year growth 2023-2028 (%)
o Exhibit 63: Data Table on Solubilizing agent - Year-over-year growth 2023-2028 (%)
o 7.5 Others - Market size and forecast 2023-2028
o Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ million)
o Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ million)
o Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
o Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
o 7.6 Market opportunity by Component
o Exhibit 68: Market opportunity by Component ($ million)
o Exhibit 69: Data Table on Market opportunity by Component ($ million)
- 8 Customer Landscape
o 8.1 Customer landscape overview
o Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 9 Geographic Landscape
o 9.1 Geographic segmentation
o Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
o Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
o 9.2 Geographic comparison
o Exhibit 73: Chart on Geographic comparison
o Exhibit 74: Data Table on Geographic comparison
o 9.3 APAC - Market size and forecast 2023-2028
o Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
o Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
o Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
o Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
o 9.4 North America - Market size and forecast 2023-2028
o Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
o Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
o Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
o Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
o 9.5 Europe - Market size and forecast 2023-2028
o Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
o Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
o Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
o Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
o 9.6 South America - Market size and forecast 2023-2028
o Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
o Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
o Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
o Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
o 9.7 Middle East and Africa - Market size and forecast 2023-2028
o Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
o Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
o Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
o Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
o 9.8 China - Market size and forecast 2023-2028
o Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
o Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
o Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
o Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
o 9.9 US - Market size and forecast 2023-2028
o Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ million)
o Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ million)
o Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
o Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
o 9.10 India - Market size and forecast 2023-2028
o Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ million)
o Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ million)
o Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
o Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
o 9.11 Germany - Market size and forecast 2023-2028
o Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
o Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
o Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
o Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
o 9.12 Japan - Market size and forecast 2023-2028
o Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ million)
o Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
o Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
o Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
o 9.13 Market opportunity By Geographical Landscape
o Exhibit 115: Market opportunity By Geographical Landscape ($ million)
o Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)
- 10 Drivers, Challenges, and Trends
o 10.1 Market drivers
o 10.2 Market challenges
o 10.3 Impact of drivers and challenges
o Exhibit 117: Impact of drivers and challenges in 2023 and 2028
o 10.4 Market trends
- 11 Vendor Landscape
o 11.1 Overview
o 11.2 Vendor landscape
o Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
o 11.3 Landscape disruption
o Exhibit 119: Overview on factors of disruption
o 11.4 Industry risks
o Exhibit 120: Impact of key risks on business
- 12 Vendor Analysis
o 12.1 Vendors covered
o Exhibit 121: Vendors covered
o 12.2 Market positioning of vendors
o Exhibit 122: Matrix on vendor position and classification
o 12.3 American Elements
o Exhibit 123: American Elements - Overview
o Exhibit 124: American Elements - Product / Service
o Exhibit 125: American Elements - Key offerings
o 12.4 Avantor Inc
o Exhibit 126: Avantor Inc - Overview
o Exhibit 127: Avantor Inc - Business segments
o Exhibit 128: Avantor Inc - Key news
o Exhibit 129: Avantor Inc - Key offerings
o Exhibit 130: Avantor Inc - Segment focus
o 12.5 GFS Chemicals Inc.
o Exhibit 131: GFS Chemicals Inc. - Overview
o Exhibit 132: GFS Chemicals Inc. - Product / Service
o Exhibit 133: GFS Chemicals Inc. - Key offerings
o 12.6 Glentham Life Sciences Ltd.
o Exhibit 134: Glentham Life Sciences Ltd. - Overview
o Exhibit 135: Glentham Life Sciences Ltd. - Product / Service
o Exhibit 136: Glentham Life Sciences Ltd. - Key offerings
o 12.7 Honeywell International Inc.
o Exhibit 137: Honeywell International Inc. - Overview
o Exhibit 138: Honeywell International Inc. - Business segments
o Exhibit 139: Honeywell International Inc. - Key news
o Exhibit 140: Honeywell International Inc. - Key offerings
o Exhibit 141: Honeywell International Inc. - Segment focus
o 12.8 LABSCOOP LLC
o Exhibit 142: LABSCOOP LLC - Overview
o Exhibit 143: LABSCOOP LLC - Product / Service
o Exhibit 144: LABSCOOP LLC - Key offerings
o 12.9 Merck KGaA
o Exhibit 145: Merck KGaA - Overview
o Exhibit 146: Merck KGaA - Business segments
o Exhibit 147: Merck KGaA - Key news
o Exhibit 148: Merck KGaA - Key offerings
o Exhibit 149: Merck KGaA - Segment focus
o 12.10 Molekula Ltd.
o Exhibit 150: Molekula Ltd. - Overview
o Exhibit 151: Molekula Ltd. - Product / Service
o Exhibit 152: Molekula Ltd. - Key offerings
o 12.11 Redox Ltd.
o Exhibit 153: Redox Ltd. - Overview
o Exhibit 154: Redox Ltd. - Product / Service
o Exhibit 155: Redox Ltd. - Key offerings
o 12.12 Shanxi Knlan Chemical Co. Ltd.
o Exhibit 156: Shanxi Knlan Chemical Co. Ltd. - Overview
o Exhibit 157: Shanxi Knlan Chemical Co. Ltd. - Product / Service
o Exhibit 158: Shanxi Knlan Chemical Co. Ltd. - Key offerings
o 12.13 Sisco Research Laboratories Pvt. Ltd.
o Exhibit 159: Sisco Research Laboratories Pvt. Ltd. - Overview
o Exhibit 160: Sisco Research Laboratories Pvt. Ltd. - Product / Service
o Exhibit 161: Sisco Research Laboratories Pvt. Ltd. - Key offerings
o 12.14 Spectrum Laboratory Products Inc.
o Exhibit 162: Spectrum Laboratory Products Inc. - Overview
o Exhibit 163: Spectrum Laboratory Products Inc. - Product / Service
o Exhibit 164: Spectrum Laboratory Products Inc. - Key offerings
o 12.15 Strem Chemicals Inc.
o Exhibit 165: Strem Chemicals Inc. - Overview
o Exhibit 166: Strem Chemicals Inc. - Product / Service
o Exhibit 167: Strem Chemicals Inc. - Key offerings
o 12.16 Thermo Fisher Scientific Inc.
o Exhibit 168: Thermo Fisher Scientific Inc. - Overview
o Exhibit 169: Thermo Fisher Scientific Inc. - Business segments
o Exhibit 170: Thermo Fisher Scientific Inc. - Key news
o Exhibit 171: Thermo Fisher Scientific Inc. - Key offerings
o Exhibit 172: Thermo Fisher Scientific Inc. - Segment focus
o 12.17 Vizag Chemical International
o Exhibit 173: Vizag Chemical International - Overview
o Exhibit 174: Vizag Chemical International - Product / Service
o Exhibit 175: Vizag Chemical International - Key offerings
- 13 Appendix
o 13.1 Scope of the report
o 13.2 Inclusions and exclusions checklist
o Exhibit 176: Inclusions checklist
o Exhibit 177: Exclusions checklist
o 13.3 Currency conversion rates for US$
o Exhibit 178: Currency conversion rates for US$
o 13.4 Research methodology
o Exhibit 179: Research methodology
o Exhibit 180: Validation techniques employed for market sizing
o Exhibit 181: Information sources
o 13.5 List of abbreviations
o Exhibit 182: List of abbreviations