MAGNESIUM CARBONATE MARKET: OVERVIEW

The Global Magnesium Carbonate Market Size & Statistics was valued at USD 257.3 Million in 2021. The market is projected to grow USD 463.5 Million in 2030, at a CAGR of 4.6%.
 

Magnesium carbonate performs the roles of an antacid and a fertilizer. Magnesium carbonate is a common ingredient in the creation of materials that can endure extremely high temperatures. This material is soluble in all inorganic solvents as well as water and has a high melting point of about 2825°C. Magnesium carbonate is used in several industries, including the plastic, rubber, and medicinal ones. Magnesium carbonate is produced using high quality raw materials. With modern drying technology and fully automated gear, the manufacturing facility is well-designed. There is hardly any physical handling or exposure to the environment from the charging of raw materials through the packaging of finished goods. The production area and its surrounds are maintained in a safe and sanitary manner. 
 

COVID-19 ANALYSIS

Due to the appearance of Covid-19, which was brought on by SARS-CoV-2, some production facilities have stopped operating. The coronavirus has had a detrimental effect on the chemical industry in every aspect. A broken supply chain affects almost everyone in the world, and lockdowns are likely to have a large negative impact on demand. As a result, it is projected that during the pandemic's expansion, the global market for magnesium carbonate minerals will face challenges.
 

MAGNESIUM CARBONATE MARKET: TREND

Cosmetics demand is being driven by increasing disposable income

Magnesium carbonate demand is rising as a result of rising lifestyle costs brought on by rising disposable income, which in turn is raising demand for cosmetics and personal care products. Additionally, it is projected that magnesium carbonate will be used in a variety of end-use sectors, such as plastic, rubber, automotive, aerospace, and pharmaceuticals. It is used in other pills as a filler and antacid. Additionally, it is used as the primary raw material for producing magnesium oxide and various derivatives.
 

MAGNESIUM CARBONATE MARKET: DRIVERS

Growing Use in Various Industries Drive Market Growth

Growth of the market will be impacted by the increasing use of magnesium carbonate in a number of industries, such as the aerospace and automotive, cosmetic, rubber and plastic, pharmaceutical, and healthcare sectors. This material is utilized by the pharmaceutical industry as a filler for making tablets.
 

MAGNESIUM CARBONATE MARKET: RESTRAIN

Concerns Regarding Health Problems Resulting from Excessive Consumption

The health problems brought on by excessive usage would probably impede the expansion of the magnesium carbonate market globally. Two gastrointestinal side effects of excessive magnesium use that are likely to limit market growth are acute diarrhea and flatulence.
 

MARKET SEGMENTATION

The Global Magnesium Carbonate Market is segmented by Product, Application, End-Use, and Region. Based on Product, the market is categorized into Heavy Magnesium Carbonate, Light Magnesium Carbonate, and Others. Based on Application, the market is categorized into Additive & Filler, Smoke Suppressant, Reinforcing Agent, Drying Agent, Antacid, Whitening Agent, and Others. Based on End-User, the market is categorized into Pharmaceutical, Food and Beverage, Waterproofing, Walls & Panels, Concrete, and Others. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
 

MARKET SEGMENTATION: BY REGION

The Global Magnesium Carbonate Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
 

North American is expected to dominate the magnesium carbonate market share owing to the chemical industry's promotion of an environment that encourages the market for minerals containing magnesium carbonate to grow. For usage in the production of adhesives, paints, and sealants, magnesium carbonate minerals are becoming more and more in demand by the paper and pulp sector as well as the paint and coating business. However, the global magnesium carbonate market, is predicted to develop in the Asia Pacific region over the next years. Magnesium carbonate is mostly supplied by India, making Asia Pacific the market's main region. It is also projected that the growth of the glass, ceramic, steel, cement, and paper industries will stimulate the local economy.
 

MAGNESIUM CARBONATE MARKET: KEY PLAYERS

• Buschle & Lepper S.A.
• Graymont Limited
• Hebei Meishen Technology Co.,Ltd
• Konoshima Chemical Co., Ltd.
• Kyowa Chemical Industry Co., Ltd.
• Lehmann&Voss&Co.
• Lhoist Group
• Naikai Salt Industries Co., Ltd.
• Nittetsu Mining Co., Ltd.
• NUOVA SIMA Srl.
• Omya AG
• Osian Marine Chemicals Pvt.Ltd
• SCR-Sibelco N.V.
• Minerals Technologies Inc.
• Others

MAGNESIUM CARBONATE MARKET: RECENT DEVELOPMENT

• July 2020- Omya has setup new granulation plant in Brazil to which the production line will deliver soil conditioning and calcium/magnesium nutrition products to farmers in Brazil and across South America.

MAGNESIUM CARBONATE MARKET: REPORT OVERVIEW

The scope of the report includes a detailed study of regional markets for Global Magnesium Carbonate Market. The Global Magnesium Carbonate Market is segmented by Product, Application, End-Use, and Region. It reveals the market situation and future forecast. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global Magnesium Carbonate Market.