GITNUX REPORT 2024

Global Magnesium Chloride Industry: Market Size, Growth, and Projections

Unveiling the Growth Trajectory: Magnesium Chloride Industry Trends and Projections Until 2028 Revealed!

Author: Jannik Lindner

First published: 7/17/2024

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The deicing application segment held the largest market share of 35.6% in 2020

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The dust control application segment is projected to grow at a CAGR of 4.5% from 2021 to 2028

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The water treatment application segment held a market share of 18.2% in 2020

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The chemical synthesis application segment is projected to grow at a CAGR of 4.3% from 2021 to 2028

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The building materials application segment held a market share of 8.7% in 2020

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The nutraceuticals application segment is expected to grow at a CAGR of 4.9% from 2021 to 2028

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The personal care application segment held a market share of 5.4% in 2020

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The fertilizer application segment is expected to reach USD 250 million by 2028

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The food additives application segment held a market share of 4.8% in 2020

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The pharmaceuticals application segment is expected to reach USD 150 million by 2028

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The flame retardants application segment held a market share of 3.2% in 2020

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The textiles application segment is expected to reach USD 100 million by 2028

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The ceramics application segment held a market share of 2.5% in 2020

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The United States consumes approximately 720,000 tons of magnesium chloride annually for deicing purposes

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The global consumption of magnesium chloride for dust control is estimated to be around 500,000 tons per year

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The global consumption of magnesium chloride for de-icing applications is estimated to be around 1.5 million tons per year

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The global consumption of magnesium chloride for water treatment is estimated to be around 600,000 tons per year

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The global consumption of magnesium chloride for chemical synthesis is estimated to be around 400,000 tons per year

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The food & beverages industry is expected to witness the fastest growth rate of 5.1% from 2021 to 2028

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The construction industry uses about 15% of the global magnesium chloride production

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The agriculture segment held a market share of 12.3% in 2020

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The textile industry consumes approximately 8% of the global magnesium chloride production

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The oil & gas industry uses about 10% of the global magnesium chloride production

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The paper industry consumes about 5% of the global magnesium chloride production

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The cement industry uses approximately 7% of the global magnesium chloride production

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The automotive industry uses approximately 6% of the global magnesium chloride production

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The electronics industry consumes about 4% of the global magnesium chloride production

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The aerospace industry uses approximately 3% of the global magnesium chloride production

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Global magnesium chloride market size was valued at USD 1.3 billion in 2020

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The magnesium chloride market is expected to grow at a CAGR of 4.2% from 2021 to 2028

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The global magnesium chloride market is expected to reach USD 1.8 billion by 2028

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The global magnesium chloride market is expected to reach a volume of 3.2 million tons by 2028

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The global magnesium chloride market is expected to reach a volume of 2.8 million tons by 2025

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The global magnesium chloride market is expected to reach USD 2.0 billion by 2030

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Magnesium chloride hexahydrate is the most commonly used form, accounting for over 60% of the market

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The industrial grade segment accounted for over 70% of the market share in 2020

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The pharmaceutical grade segment is expected to grow at a CAGR of 4.8% from 2021 to 2028

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The anhydrous magnesium chloride segment is expected to witness a CAGR of 3.9% from 2021 to 2028

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The food grade segment is projected to grow at a CAGR of 4.6% from 2021 to 2028

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The flakes form of magnesium chloride accounts for approximately 30% of the market share

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The prilled form of magnesium chloride is expected to grow at a CAGR of 4.1% from 2021 to 2028

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The liquid form of magnesium chloride accounts for about 25% of the market share

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The solid form of magnesium chloride accounts for about 45% of the market share

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The technical grade segment of magnesium chloride is projected to grow at a CAGR of 4.0% from 2021 to 2028

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China is the largest producer of magnesium chloride, accounting for over 50% of global production

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Magnesium chloride brine production accounts for approximately 40% of total production methods

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The global production capacity of magnesium chloride is estimated to be around 3.5 million tons per year

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The global production of magnesium chloride from seawater is estimated to be around 1.2 million tons per year

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The brine production method accounts for about 60% of global magnesium chloride production

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The global production of magnesium chloride from salt lakes is estimated to be around 800,000 tons per year

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The global production of synthetic magnesium chloride is estimated to be around 500,000 tons per year

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The global production of magnesium chloride from magnesite is estimated to be around 300,000 tons per year

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Asia Pacific accounted for the largest revenue share of 35.2% in 2020

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North America held a market share of 28.5% in 2020

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Europe is expected to witness a CAGR of 3.8% from 2021 to 2028

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The Middle East & Africa region is projected to grow at a CAGR of 4.0% from 2021 to 2028

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Latin America is expected to witness a CAGR of 3.5% from 2021 to 2028

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The magnesium chloride market in India is expected to grow at a CAGR of 5.2% from 2021 to 2028

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The magnesium chloride market in Japan is projected to grow at a CAGR of 3.7% from 2021 to 2028

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The magnesium chloride market in Germany is expected to reach USD 120 million by 2028

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The magnesium chloride market in South Korea is projected to grow at a CAGR of 4.3% from 2021 to 2028

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The magnesium chloride market in France is expected to reach USD 80 million by 2028

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The magnesium chloride market in Australia is projected to grow at a CAGR of 3.9% from 2021 to 2028

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The magnesium chloride market in Brazil is expected to reach USD 70 million by 2028

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The magnesium chloride market in Canada is projected to grow at a CAGR of 3.6% from 2021 to 2028

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The magnesium chloride market in Mexico is expected to reach USD 50 million by 2028

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Summary

  • Global magnesium chloride market size was valued at USD 1.3 billion in 2020
  • The magnesium chloride market is expected to grow at a CAGR of 4.2% from 2021 to 2028
  • Asia Pacific accounted for the largest revenue share of 35.2% in 2020
  • China is the largest producer of magnesium chloride, accounting for over 50% of global production
  • The deicing application segment held the largest market share of 35.6% in 2020
  • Magnesium chloride hexahydrate is the most commonly used form, accounting for over 60% of the market
  • The food & beverages industry is expected to witness the fastest growth rate of 5.1% from 2021 to 2028
  • The global magnesium chloride market is expected to reach USD 1.8 billion by 2028
  • North America held a market share of 28.5% in 2020
  • The dust control application segment is projected to grow at a CAGR of 4.5% from 2021 to 2028
  • The United States consumes approximately 720,000 tons of magnesium chloride annually for deicing purposes
  • The industrial grade segment accounted for over 70% of the market share in 2020
  • Europe is expected to witness a CAGR of 3.8% from 2021 to 2028
  • The construction industry uses about 15% of the global magnesium chloride production
  • Magnesium chloride brine production accounts for approximately 40% of total production methods

Move over diamonds, magnesium chloride is becoming the new best friend of industries worldwide! With the global market size valued at a dazzling USD 1.3 billion in 2020 and projected to sparkle with a CAGR of 4.2% through 2028, its clear that this versatile compound is setting the world abuzz. From China reigning as the largest producer to a salty array of applications including deicing, food & beverages, dust control, and beyond, the magnesium chloride industry is a treasure trove of growth and innovation. So grab your shovels, because this golden nugget of an industry is about to strike it rich!

Application Segments

  • The deicing application segment held the largest market share of 35.6% in 2020
  • The dust control application segment is projected to grow at a CAGR of 4.5% from 2021 to 2028
  • The water treatment application segment held a market share of 18.2% in 2020
  • The chemical synthesis application segment is projected to grow at a CAGR of 4.3% from 2021 to 2028
  • The building materials application segment held a market share of 8.7% in 2020
  • The nutraceuticals application segment is expected to grow at a CAGR of 4.9% from 2021 to 2028
  • The personal care application segment held a market share of 5.4% in 2020
  • The fertilizer application segment is expected to reach USD 250 million by 2028
  • The food additives application segment held a market share of 4.8% in 2020
  • The pharmaceuticals application segment is expected to reach USD 150 million by 2028
  • The flame retardants application segment held a market share of 3.2% in 2020
  • The textiles application segment is expected to reach USD 100 million by 2028
  • The ceramics application segment held a market share of 2.5% in 2020

Interpretation

In the fascinating world of Magnesium Chloride, it seems that different industries are vying for the spotlight in a true battle of applications. From deicing reigning supreme with a chilly market share to ceramics carving out a humble niche, each segment is staking its claim in the magnesium chloride arena. Dust control is slowly but steadily gaining ground, while nutraceuticals are eyeing robust growth like a well-fed plant. Who knew that a simple chemical compound could spark such diverse ambitions and aspirations across industries? As the magnesium chloride saga unfolds, one thing is clear: this unassuming compound is proving to be a versatile player in the game of industrial applications, with each segment striving to leave its mark in a flurry of innovation and market conquest.

Consumption Patterns

  • The United States consumes approximately 720,000 tons of magnesium chloride annually for deicing purposes
  • The global consumption of magnesium chloride for dust control is estimated to be around 500,000 tons per year
  • The global consumption of magnesium chloride for de-icing applications is estimated to be around 1.5 million tons per year
  • The global consumption of magnesium chloride for water treatment is estimated to be around 600,000 tons per year
  • The global consumption of magnesium chloride for chemical synthesis is estimated to be around 400,000 tons per year

Interpretation

It seems the world has quite the penchant for magnesium chloride, using it in all sorts of ways - from de-icing roads to controlling dust and treating water, not to mention its role in chemical synthesis. With millions of tons being consumed annually, magnesium chloride could easily be considered the unsung hero of various industries, quietly working behind the scenes to keep things running smoothly. Who knew a humble chemical compound could be so versatile and in-demand? Perhaps it's time we give magnesium chloride the recognition it deserves, for its ability to melt ice, trap dust, purify water, and facilitate chemical reactions. It truly is the jack-of-all-trades in the industrial world.

End-Use Industries

  • The food & beverages industry is expected to witness the fastest growth rate of 5.1% from 2021 to 2028
  • The construction industry uses about 15% of the global magnesium chloride production
  • The agriculture segment held a market share of 12.3% in 2020
  • The textile industry consumes approximately 8% of the global magnesium chloride production
  • The oil & gas industry uses about 10% of the global magnesium chloride production
  • The paper industry consumes about 5% of the global magnesium chloride production
  • The cement industry uses approximately 7% of the global magnesium chloride production
  • The automotive industry uses approximately 6% of the global magnesium chloride production
  • The electronics industry consumes about 4% of the global magnesium chloride production
  • The aerospace industry uses approximately 3% of the global magnesium chloride production

Interpretation

Ah, the versatile world of magnesium chloride! From spicing up our snacks to solidifying our structures, this mineral is truly a jack-of-all-trades. With the food & beverages industry leading the charge in growth, it seems like we've found the ultimate seasoning for success. But let's not forget the other players in this salty game - whether it's the construction industry building on a solid foundation or the agriculture segment sowing the seeds of innovation, magnesium chloride is making its mark across various sectors. So next time you bite into a tasty treat or gaze upon a sturdy structure, remember that behind the scenes, magnesium chloride is quietly but confidently playing its part in shaping our world.

Market Size and Growth

  • Global magnesium chloride market size was valued at USD 1.3 billion in 2020
  • The magnesium chloride market is expected to grow at a CAGR of 4.2% from 2021 to 2028
  • The global magnesium chloride market is expected to reach USD 1.8 billion by 2028
  • The global magnesium chloride market is expected to reach a volume of 3.2 million tons by 2028
  • The global magnesium chloride market is expected to reach a volume of 2.8 million tons by 2025
  • The global magnesium chloride market is expected to reach USD 2.0 billion by 2030

Interpretation

Ah, the fascinating world of magnesium chloride—it seems this industry is set to witness a growth spurt that even its own molecules would be impressed by. With global market size projections and anticipated volumes bouncing around like electrons in an excited state, we can expect the magnesium chloride market to be buzzing with activity in the coming years. As the numbers dance towards the promised lands of billions and tons, one can't help but marvel at the solid foundation and bright future of this seemingly unassuming chemical compound. So, here's to the humble magnesium chloride, silently but steadily carving its path towards global domination, one fascinating statistic at a time.

Product Types

  • Magnesium chloride hexahydrate is the most commonly used form, accounting for over 60% of the market
  • The industrial grade segment accounted for over 70% of the market share in 2020
  • The pharmaceutical grade segment is expected to grow at a CAGR of 4.8% from 2021 to 2028
  • The anhydrous magnesium chloride segment is expected to witness a CAGR of 3.9% from 2021 to 2028
  • The food grade segment is projected to grow at a CAGR of 4.6% from 2021 to 2028
  • The flakes form of magnesium chloride accounts for approximately 30% of the market share
  • The prilled form of magnesium chloride is expected to grow at a CAGR of 4.1% from 2021 to 2028
  • The liquid form of magnesium chloride accounts for about 25% of the market share
  • The solid form of magnesium chloride accounts for about 45% of the market share
  • The technical grade segment of magnesium chloride is projected to grow at a CAGR of 4.0% from 2021 to 2028

Interpretation

In the vibrant world of magnesium chloride, where hexahydrate reigns supreme, one cannot help but marvel at the diverse segments vying for their slice of the market pie. From the stalwart industrial grade, striding confidently with over 70% dominance, to the up-and-coming pharmaceutical grade, poised for a 4.8% growth spurt. Let's not forget the quirky forms making their mark - flakes, prills, liquids, and solids all jostling for attention. As the technical grade segment quietly plots its 4.0% CAGR rise, it's clear that in this world of magnesium chloride, there's always room for surprise and growth in every shape and state.

Production and Supply

  • China is the largest producer of magnesium chloride, accounting for over 50% of global production
  • Magnesium chloride brine production accounts for approximately 40% of total production methods
  • The global production capacity of magnesium chloride is estimated to be around 3.5 million tons per year
  • The global production of magnesium chloride from seawater is estimated to be around 1.2 million tons per year
  • The brine production method accounts for about 60% of global magnesium chloride production
  • The global production of magnesium chloride from salt lakes is estimated to be around 800,000 tons per year
  • The global production of synthetic magnesium chloride is estimated to be around 500,000 tons per year
  • The global production of magnesium chloride from magnesite is estimated to be around 300,000 tons per year

Interpretation

With China leading the charge in magnesium chloride production, it seems they have truly mastered the art of turning salty waters into a valuable commodity. From brine to salt lakes, seawater to synthetic methods, the industry has found multiple avenues to churn out millions of tons of this versatile compound annually. It's no wonder that magnesium chloride has become a staple in various industries, with its global production continuously pushing boundaries and mirroring the ever-evolving landscape of modern manufacturing. As the saying goes, when life gives you saltwater, make magnesium chloride!

Regional Market Share

  • Asia Pacific accounted for the largest revenue share of 35.2% in 2020
  • North America held a market share of 28.5% in 2020
  • Europe is expected to witness a CAGR of 3.8% from 2021 to 2028
  • The Middle East & Africa region is projected to grow at a CAGR of 4.0% from 2021 to 2028
  • Latin America is expected to witness a CAGR of 3.5% from 2021 to 2028
  • The magnesium chloride market in India is expected to grow at a CAGR of 5.2% from 2021 to 2028
  • The magnesium chloride market in Japan is projected to grow at a CAGR of 3.7% from 2021 to 2028
  • The magnesium chloride market in Germany is expected to reach USD 120 million by 2028
  • The magnesium chloride market in South Korea is projected to grow at a CAGR of 4.3% from 2021 to 2028
  • The magnesium chloride market in France is expected to reach USD 80 million by 2028
  • The magnesium chloride market in Australia is projected to grow at a CAGR of 3.9% from 2021 to 2028
  • The magnesium chloride market in Brazil is expected to reach USD 70 million by 2028
  • The magnesium chloride market in Canada is projected to grow at a CAGR of 3.6% from 2021 to 2028
  • The magnesium chloride market in Mexico is expected to reach USD 50 million by 2028

Interpretation

In the world of magnesium chloride, it seems Asia Pacific is leading the charge with a revenue share that shines brighter than a polished magnesium crystal at 35.2%. Meanwhile, North America is nipping at its heels with a market share of 28.5%, proving that this industry is truly a global affair. As Europe gears up for a CAGR of 3.8%, it looks like the old continent still has some tricks up its sleeve. Not to be outdone, the Middle East & Africa region and Latin America are also showing promising growth rates of 4.0% and 3.5% respectively. And in this symphony of market dynamics, individual countries are stepping onto the stage with their own unique melodies, from India's 5.2% crescendo to Germany's projected USD 120 million opus. Whether it's the tango of growth in Argentina or the waltz of market expansion in Canada, one thing is clear - the magnesium chloride industry is harmonizing its way towards a prosperous future.

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