Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Anhydrous Magnesium Sulfate market.
Trusted Business Insights presents an updated and Latest Study on Anhydrous Magnesium Sulfate Market 2020-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Anhydrous Magnesium Sulfate market during the forecast period (2020-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Anhydrous magnesium sulfate, chemical formula: MgSO4, colorless orthorhombic crystal. Soluble in water, ethanol, glycerin, insoluble in acetone. It is used in the pharmaceutical and printing and dyeing industries. It can also be used as a desiccant, feed, fertilizer or compound fertilizer. It is also a raw material for the production of magnesium oxide.
Among various applications of anhydrous magnesium sulfate, demand from industrial accounts for the largest share. In 2019, the field consumed approximately 73% of the market share, mainly from the paper industry and ABS industry.
Asia Pacific is the largest consumption region of anhydrous magnesium sulfate, with a market share of about 54% in 2019. Europe and North America account for a huge part of the rest, occupying nearly 32% and 8% of the global market, respectively.
The key players in the global Anhydrous Magnesium Sulfate market are like K+S and Laiyu Chemical, Hongda Xingye , Laizhou Kangxin, etc. The top 5 companies totally hold almost 65% of the global market in 2019.
Market Analysis and Insights: Global Anhydrous Magnesium Sulfate Market
The global Anhydrous Magnesium Sulfate market size is projected to reach US$ 146.2 million by 2026, from US$ 120.4 million in 2020, at a CAGR of 3.3% during 2021-2026.
Global Anhydrous Magnesium Sulfate Scope and Segment
The global Anhydrous Magnesium Sulfate market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Anhydrous Magnesium Sulfate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
By the product type, the market is primarily split into
- Industrial Grade Anhydrous Magnesium Sulfate
- Food Grade Anhydrous Magnesium Sulfate
By the end users/application, this report covers the following segments
- Food and Pharmaceutical Industry
The report provides a list of all the key players in the Anhydrous Magnesium Sulfate market along with a detailed analysis of the strategies, which the companies are adopting. The strategies mainly include new product development, research, and development, and also provides revenue shares, company overview, and recent company developments to remain competitive in the market.
The Anhydrous Magnesium Sulfate key manufacturers in this market include:
- UMAI CHEMICAL
- Gee Gee Kay
- Laiyu Chemical
- Laizhou Kangxin
- Laizhou Litong
- Hongda Xingye
- Laizhou Shouxi
- Zibo Jinxing
- Yantai Sanding
- Weifang Huakang
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