The Global Hexahydrate Magnesium Chloride Market is forecast to reach USD 4.41 Billion by 2027, according to a new report by Reports and Data. Magnesium chloride is a chemical compound with a molecular formula of Cl2Mg or MgCl2. These salts are usually ionic halides that are highly soluble in water. This salt has various hydrates. From sources like sea water or brine, the hydrated magnesium chloride can be extracted.
In North America, it is produced from Great Salt Lake brine. In a similar method, it is extracted from the Jordan valley from the Dead Sea. As the natural mineral bischofite, it is also extracted by solution mining from ancient seabeds, like the Zechstein seabed in Europe. It can also be manufactured from solar evaporation of seawater. The principal precursor to magnesium metal is anhydrous magnesium chloride that is produced on a large scale. The most readily available form of this compound is hydrated magnesium chloride. It has a wide arena of applications. It is a precursor to Mg metal. With the help of electrolysis, the conversion is executed. It is also used in catalyst support like in Ziegler-Natta catalysts that are used commercially to produce polyolefins comprise Cl2Mgas catalyst support. Thus, such a wide arena of applications is fostering the growth of the sector.
Top Companies Operating in the Global Hexahydrate Magnesium Chloride Market:
Israel Chemicals Ltd, K+S Kali AG, Nedmag B.V, Intrepid Potash, Inc., DEUSA international GmbH, Nikomag OJSC, Weifang Yuze Chemical Co., Ltd, Huitai Investment Group Co., Ltd, Tianjin Changlu Haijing Group Co., Ltd, and Weifang Dongyuan Lianhai Chemical Co., Ltd.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Hexahydrate Magnesium Chloride Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Hexahydrate Magnesium Chloride Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Hexahydrate Magnesium Chloride Market key players
3.2 Global Magnesium Chloride size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Hexahydrate Magnesium Chloride Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Read full Report Description @ https://www.reportsanddata.com/report-detail/magnesium-chloride-market
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Hexahydrate Magnesium Chloride Market Segmentation
Form Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Solid
- Liquid
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Hexahydrate Magnesium Chloride
- Anhydrous Magnesium Chloride
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Building material
- Deicing agent
- Food feed
- Drugs
- Chemical derivatives
- Dust suppressant
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Construction
- Chemical
- Food beverage
- Pharmaceutical
- Others
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