According to a recent research report titled „Magnesium Carbonate Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)“, published by Future Market Insights, the global market for magnesium carbonate is witnessing moderate growth during the period of assessment. The research report covers that as well as the other aspects which have a negative influence over it. The exhaustive research publication includes trends, threats, opportunities, drivers and challenges on the global magnesium carbonate market, Detailed pricing analysis of different magnesium carbonate across key regions is therefore discussed in the research study. The segmental analysis across North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) is carried out , pertaining to the value and volume of the global magnesium carbonate market.
Global Magnesium Carbonate Market: Segmentation Analysis
The global magnesium carbonate market is segmented on the basis of type, by application, end use and by region.
- In the type category, the light magnesium carbonate segment is estimated to be the large largest with a high market share. It is expected to dominate the global market and is projected to grow at a high pace. It is widely used in paints, inks, refractory material, used as packing and smoke inhibitors in plastic and rubber industry and are therefore used in fire extinguishers. The light magnesium segment is projected to grow at a high value. CAGR of 4.5% throughout the period of assessment
- By application , additive and filler segment is estimated to surpass other segments and is poised to reach a significant market estimate by the end of the year of assessment. Magnesium carbonate is widely used in the food sector as additive for several applications as a flouring agent and color retention agent. It is also used in the rubber industry owing to its light weight and adsorptive properties. So, the antacid segment is projected to grow to the highest CAGR during the period of the forecast
- In the end use category, magnesium oxide production segment is expected to surpass other end use segments. Personal care and cosmetics segment is the second largest with a significant market share
- With respect to region , Asia Pacific excluding Japan (APEJ) region is highly lucrative and is expected to dominate the global magnesium carbonate market. Magnesium carbonate market in APEJ region is projected to grow at a CAGR value of 4.6% throughout the period of forecast
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Global Magnesium Carbonate Market: Forecast Analysis
The global magnesium carbonate market is expected to grow at a moderate rate during the period of the forecast. In 2017, the global magnesium carbonate market was valued at about US $ 225 million. The global magnesium carbonate market is projected to grow at a value CAGR of 4.3% throughout the period of forecast.
Global Magnesium Carbonate Market: Competition Analysis
This exhaustive research contains detailed intelligence on various players involved in the manufacturing and distribution of magnesium carbonate. Prominent players are Hebei Meishen Technology Co., Ltd., Naikai Salt Industries Co. Ltd., NUOVA SIMA Srl., Celtic Chemicals Ltd., Konoshima Chemical Co., Ltd., Lehmann & Voss & Co., Gee Gee Kay Pvt Ltd., Buschle & Lepper SA, Kyowa Chemical Industry Co., Ltd., OSIAN MARINE CHEMICALS PVT. LTD., Dr. Paul Lohmann GmbH KG., And Israel Chemicals Ltd.
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Global Magnesium Carbonate Market: Dynamics Influencing Growth
Factors in the production of pharmaceutical and healthcare industry, increasing use of magnesium carbonate in the production of magnesium and magnesium, which is extensively used in pharmaceuticals and personal care products The automotive and aerospace industry is expected to drive the growth of magnesium phosphate in the ceramics industry. However, the factors are as side effects associated with magnesium carbonate and use of alternative materials are expected to pose hindrances to the growth of the magnesium carbonate market.