Global Magnesium Carbonate Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Magnesium Carbonate Market Overview:
The magnesium Carbonate Market was valued at $320 million in 2021 & is projected to reach $414.91 million by 2027. It is expected to grow at a 3.3% CAGR between 2021 and 2027.
The Magnesium Carbonate Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Magnesium Carbonate Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global magnesium carbonate market report has been segmented on the basis of, type, end-user, and region.
Magnesium carbonate, also known as, dolomite is a white crystalline inorganic salt, which occurs naturally as magnesite. Magnesium carbonate has a high melting point of 2825°C and is insoluble in water and any inorganic solvent.
Increasing demand from the rubber and plastic industry to improve the tensile strength, and reduce the weight of the rubber is boosting the growth of the global magnesium carbonate market.
In addition, increasing usage of magnesium carbonate in the cosmetics industry for the production of talcum powder, face powder, and others, and rising demand from paper industries to produce a paper of more superior quality are other factors anticipated to fuel the growth of the global magnesium carbonate market over the forecast period.
Magnesium carbonate is used in the pharmaceutical industry as fillers for tablets, and antacids are another major factor contributing to the growth of this market. It is used as an anti-misting agent and fillers in the production of paints, and inks; as a foaming agent in various foods, and demolding agent in biscuit manufacturing.
Also, magnesium carbonate is primarily used as a raw material for the production of magnesium oxide, which is widely used in cement, and steel industries, as a refractory material. These factors are expected to support the growth of the global magnesium carbonate market.
However, excess amount of consumption of magnesium carbonate has gastrointestinal side effects such as flatulence, and diarrhea, which is a major factor hampering the growth of the global magnesium carbonate market over the forecast period.
The growth of industries including glass & ceramic, steel, cement, and paper industries in developing economies such as China, and India is expected to place the Asia Pacific as the dominant region in the global magnesium carbonate market.
North America, Europe, the Middle East & Africa, and Latin America are expected to witness steady growth in this market, owing to high demand from pharmaceuticals, steel, and cement industries, in countries in the region.
Global magnesium carbonate market segmentation:
Segmentation by type:
- Light magnesium carbonate
- Heavy magnesium carbonate
Segmentation by end-user:
- Magnesium Oxide Production
- Plastic & Rubber Industry
- Personal Care & Cosmetics
- Paints & Inks
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size $320 million Growth Rate 3.3% Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Lhoist Group
- Omya Group
- SCR-Sibelco N.V.
- Specialty Minerals Inc.
- Nordkalk Oy Ab
- Beihai Group
- Graymont Limited
- Nittetsu Mining Co., Ltd.
- SHINKO KOGYO Co., Ltd.
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