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Download Free sampleThe global Industrial Grade Magnesium Sulfate Anhydrous market was valued at US$ 102.3 million in 2022 and is projected to reach US$ 127.2 million by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
Industrial Grade Magnesium Sulfate Anhydrous Market aims to provide a comprehensive presentation of the global market for Industrial Grade Magnesium Sulfate Anhydrous, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Grade Magnesium Sulfate Anhydrous. Industrial Grade Magnesium Sulfate Anhydrous Market contains market size and forecasts of Industrial Grade Magnesium Sulfate Anhydrous in global, including the following market information:
Global Industrial Grade Magnesium Sulfate Anhydrous Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Industrial Grade Magnesium Sulfate Anhydrous Market Sales, 2018-2023, 2024-2029, (Tons)
Global top five Industrial Grade Magnesium Sulfate Anhydrous companies in 2022 (%)
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.
We surveyed the Industrial Grade Magnesium Sulfate Anhydrous manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
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