Industrial Grade Magnesium Chloride Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 5% from 2026 to 2033, reaching USD 1.8 Billion by 2033.
In 2022, the global industrial grade magnesium chloride market was valued at approximately USD 373.7 million, with projections indicating growth to USD 468.7 million by 2029, reflecting a compound annual growth rate (CAGR) of 3.3%. Asia Pacific dominated the market, accounting for around 43.9% of the total revenue. This dominance is driven by rapid urbanization and infrastructure development in countries like China and India, leading to increased demand in construction and de icing applications. North America followed, with a significant market share attributed to the widespread use of magnesium chloride for de icing and dust control. Europe also held a notable portion, driven by applications in the textile industry and wastewater treatment. Latin America and the Middle East & Africa contributed smaller shares, with growing applications in agriculture and industrial manufacturing. Opportunities for market expansion are evident across various sectors. The metallurgy industry, which accounted for approximately 35% of the market share, is expected to see increased demand for magnesium chloride as a raw material in magnesium metal production. Additionally, the chemical industry, holding a 25% share, utilizes magnesium chloride in producing magnesium hydroxide for water treatment processes. The building materials sector, with a 15% share, benefits from magnesium chlorides role in enhancing cement performance and durability. Furthermore, the transportation industry, contributing 8% to the market, relies on magnesium chloride for de icing applications, ensuring road safety during winter conditions. These diverse applications underscore the compounds versatility and potential for sustained market growth.
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Compass Minerals
Dead Sea Works
Nedmag
Alkim
Huitai Group
Shouguang Haixu Chemical
Dongyuan Lianhai Chemical
Winfast Plastic
Hongyuan Chemical
Xinhai Decing Products
Jiaxing Chenlong Chemical
Jinxing
Songchuan Industry
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Grade Magnesium Chloride Market
De-icing & Dust Control
Industrial Manufacturing
Agriculture & Soil Stabilization
Water Treatment
Other Applications
Flake Magnesium Chloride
Granular Magnesium Chloride
Liquid Magnesium Chloride
Construction
Agriculture
Automotive
Water Treatment Industry
Others
Direct Sales
Retail Sales
Online Sales
Wholesale
Solid
Liquid
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Grade Magnesium Chloride Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Grade Magnesium Chloride Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Grade Magnesium Chloride Market, By Type
6. Global Industrial Grade Magnesium Chloride Market, By Application
7. Global Industrial Grade Magnesium Chloride Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Grade Magnesium Chloride Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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