Anhydrous Magnesium Sulfate Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
The global anhydrous magnesium sulfate market size was valued at USD 1.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The increasing demand for anhydrous magnesium sulfate across various industries such as agriculture, pharmaceuticals, and chemicals is expected to drive market growth. In agriculture, its use as a fertilizer for enhancing crop yield, especially in magnesium deficient soils, is a key growth factor. The pharmaceutical sector is also experiencing an uptick in demand for magnesium sulfate as a key ingredient in intravenous fluids and as a laxative. With rising awareness regarding sustainable agricultural practices and a growing pharmaceutical industry, the anhydrous magnesium sulfate market is poised for continued expansion.
Regionally, North America held the largest market share in 2022, accounting for approximately 32% of the total market revenue. This was driven by the substantial agricultural activities in the United States and Canada, where anhydrous magnesium sulfate is widely used as a fertilizer. Europe followed closely, holding a share of 27%, driven by demand from the pharmaceutical and chemical industries. The Asia Pacific region is expected to witness the highest growth during the forecast period, with a projected CAGR of 5.6%, due to increasing agricultural activities and industrialization in countries like India and China. Latin America and the Middle East & Africa are also expected to contribute significantly to the markets growth over the coming years.
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K+S
UMAI CHEMICAL
Gee Gee Kay
Laiyu Chemical
Laizhou Kangxin
Laizhou Litong
Hongda Xingye
Laizhou Shouxi
Zibo Jinxing
Yantai Sanding
Weifang Huakang
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 Anhydrous Magnesium Sulfate Market
Agriculture
Pharmaceuticals
Chemicals
Food Industry
Textile Industry
Personal Care Products
Other Specialty Applications
Granular
Powder
Other Forms
Agricultural Inputs
Cosmetics and Personal Care
Pharmaceuticals
Food and Beverage Processing
Textiles
Direct Sales
Distributors and Wholesalers
Online Retail
Industrial Grade
Food Grade
Pharmaceutical Grade
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 Anhydrous Magnesium Sulfate 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 Anhydrous Magnesium Sulfate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Anhydrous Magnesium Sulfate Market, By Type
6. Global Anhydrous Magnesium Sulfate Market, By Application
7. Global Anhydrous Magnesium Sulfate Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Anhydrous Magnesium Sulfate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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