ID: MRFR/CnM/1675-CRR | February, 2017 | Region: Global | 195 pages | Cooked Research Reports
Global Magnesium Sulphate Market Information- by Product Type (Heptahydrate (Epsom Salt), Anhydrous (Calcined Kieserite) and Monohydrate (Kieserite)), by Application (Agriculture, Food Additives & Pharmaceuticals, Chemical & Industrial Uses (Pulp & Paper Industry) and others (R&D)), and Region - Forecast to 2027
Synopsis of Magnesium Sulphate Market
Magnesium Sulphate is a chemical compound which is a mixture of magnesium, oxygen,and sulphur. Magnesium sulphate often faced as sulphate mineral & epsomite which are commonly known as Epsom Salt. Applications of magnesium sulpjhate have spreaded across many industries such as healthcare, agriculture, pharmaceuticals, food additives and other industries as well. In medical, it is used both i.e. internally as well as externally. Global Magnesium Sulphate Market has very wide market in 21st century and it has been valued as $ 10,731.05 million by 2027 with a CAGR of 4.28%.
MRFR analyst has projected that healthcare sector in India is expected to grow around $285 billion by the year 2020 which implies more demand for medicine. Another driver for magnesium sulphate market is revolution in agriculture. As new technologies are coming in field of farming, demand for magnesium sulphate is increasing. As new processes are coming out from R&D department of companies about the use of magnesium sulphate demand for magnesium sulphate market is increasing and will keep increasing. On the contrary, allergic reactions such as skin infection, diarrhoea or upset stomach could hamper the growth of the market.
Regional Analysis Magnesium Sulphate Market
Asia-Pacific region covers of more than 60% to 65% of the world’s population and is anticipated to increase in coming years, due to which the country would be facing issues of food sufficiency in the coming time. This would directly resulted in increasing and generating the need of food production. Use of magnesium sulphate in agriculture sector has proven to be an effective way to increase food productivity.
The magnesium sulfate worldwide is most extreme requested in APAC nations, because of land fragmentation, people/ farmers are left with little land property. The needs to get greatest yield from the accessible area assets has produced and will promote create the need of magnesium sulfate utlilization in farms. Followed by this, North America and European region holds the second and third position in terms of value and volume.
The report covers brief analysis of geographical region such as:
Study Objectives of Magnesium Sulphate Market: