Magnesium Carbonate Market Expected to Witness a CAGR of 4.3% through 2017-2027

Magnesium Carbonate Market
February 2018
Report Id : REP-GB-3834
Status : Ongoing
Category : Chemicals and Materials
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Magnesium Carbonate Market
According to a recent research report titled “Magnesium Carbonate Market: Global Industry
Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, published by Future
Market Insights, the global market for magnesium carbonate is witnessing moderate growth
during the period of assessment. The research report covers several factors that drive this
growth as well as few other aspects which have a negative influence over it. The exhaustive
research publication includes trends, threats, opportunities, growth drivers and challenges
and their impact on the global magnesium carbonate market . Detailed pricing analysis of
different magnesium carbonate across key regions is also discussed in the research study.
The segmental analysis across North America, Western Europe, Eastern Europe, Asia Pacific
excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) is carried out
which is used to track the future projections for a period of ten years, pertaining to value
and volume of the global magnesium carbonate market.
Global Magnesium Carbonate Market: Segmentation Analysis
The global magnesium carbonate market is segmented on the basis of type, by application,
end use and by region.
In the type category, the light magnesium carbonate segment is estimated to be the largest
with a high market share. It is expected to dominate the global market and is projected to
grow at a high pace owing to extensive applications in several industries. It is largely used
in paints, inks, refractory material, used as packing and smoke inhibitor in plastic and
rubber industry and also are used in fire extinguishers. The light magnesium segment is
projected to grow at a high value CAGR of 4.5% throughout the period of assessment
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Magnesium Carbonate Market
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By application, additives and filler segment is estimated to surpass other
segments and is poised to reach a significant market estimation by the end
of the year of assessment. Magnesium carbonate is widely used in the food
sector as additives for several applications such as flouring agent and
colour retention agent. It is also used in the rubber industry owing to its
light weight and adsorptive properties. Also, the antacid segment is
projected to grow at the highest CAGR during the period of forecast
In the end use category, magnesium oxide production segment is expected
to surpass other end use segments with respect to market value and
growth rate. Personal care and cosmetics segment is the second largest
with a significant market share
With respect to region, Asia Pacific excluding Japan (APEJ) region is highly
lucrative and is expected to dominate the global magnesium carbonate
market. Magnesium carbonate market in APEJ region is projected to grow at
a value CAGR of 4.6% throughout the period of forecast
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Magnesium Carbonate Market
Global Magnesium Carbonate Market: Forecast Analysis
The global magnesium carbonate market is expected to grow at a moderate
rate during the period of forecast. In 2017, the global magnesium carbonate
market was valued at about US$ 225 Mn and is estimated to reach a
valuation of more than US$ 340 Mn by the end of the year of assessment
(2027). The global magnesium carbonate market is projected to grow at a
value CAGR of 4.3% throughout the period of forecast.
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Global Magnesium Carbonate Market: Competition Analysis
This exhaustive research contains detailed intelligence on various players
involved in the manufacturing and distribution of magnesium carbonate.
Prominent players are Hebei Meishen Technology Co., Ltd., Naikai Salt
Industries Co. Ltd., NUOVA SIMA Srl., Celtic Chemicals Ltd., Konoshima
Chemical Co.,Ltd., Lehmann&Voss&Co., Gee Gee Kay Pvt Ltd., Buschle &
Lepper S.A., Kyowa Chemical Industry Co., Ltd., OSIAN MARINE CHEMICALS
PVT. LTD., Dr. Paul Lohmann GmbH KG., and Israel Chemicals Ltd.
●
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Magnesium Carbonate Market
Global Magnesium Carbonate Market: Dynamics Influencing Growth
Factors such as surging demand from pharmaceutical and healthcare
industry, increasing adoption as endothermic flame retardants in the
rubber and plastic industry, growing demand in cosmetic products and
personal care products, increasing use of magnesium carbonate in the
production of magnesium alloy which is used extensively in the
automotive and aerospace industry, growing use of magnesium
carbonate in controlling phosphate levels, and growing use of
magnesium carbonate in the ceramics industry are expected to drive
the growth of the global magnesium carbonate market. However,
factors such as side effects associated with magnesium carbonate and
use of alternative materials are expected to pose hindrances to the
growth of the magnesium carbonate market.
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arket
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