Magnesium Chloride Industry Size, Share, Demand & Growth by 2031
The global magnesium chloride market is anticipated to expand at a steady 4.3% CAGR over
the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent
market analysis. Growing demand for deicing services is boosting demand for magnesium
chloride.
Owing to the increasing demand from deicing and chemicals & derivatives sector is expected
to remarkably contribute towards the expansion of the magnesium chloride market.
Surging demand for magnesium chloride from the specific regions with extreme cold weather
conditions is driving the market. Magnesium chloride is hygroscopic in nature and quickly
absorbs the moisture from the environment which makes it suitable for the various industries
such as construction, dust suppressants.
Growing construction and mining industry is expected to boost the demand for the
magnesium chloride owing to its extensive usage to minimize the dust at industrial area.
Magnesium chloride is widely used across various industries for diverse applications,
including deicing, dust suppressants, chemicals & derivatives, building materials,
pharmaceuticals, food & feed & others. Magnesium chloride is widely used in the
construction industry along with the pharmaceutical sector which is expected to boost the
market in the forecast period.
According to the report, the global magnesium chloride market is expected to reach more
than US$ 580.3 Million by the end of 2031, at a compound annual growth rate of 4.3%
during the assessment period.
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Geographically, the market is predicted to be dominated by East Asia, which is expected to
continue in the future evaluation period. Backed by the aforementioned factors, the global
magnesium chloride market is projected to top US$ 580.3Mn by 2031.
Key Takeaways:

By grade, demand for industrial Magnesium Chloride is expected to surge at a 4.1 %
CAGR over the forecast period.

The food & pharmaceutical grade Magnesium Chloride segment is projected to hold
approximately 27% of the total market share in 2021.

Deicing segment of Magnesium Chloride market is anticipated to grow at 4.5 %
CAGR through 2031.

Magnesium Chloride Market in the U.S. is anticipated to reach US$ 105.8 Mn by year
in 2031.

China will emerge as an attractive Magnesium Chloride market, with sales growing at
a 6.1 % CAGR in 2021.

Liquid form of Magnesium Chloride is expected to account for over 26.9% of the East
Asia Magnesium Chloride market share in 2021.

Japan and South Korea will collectively account for 7% of the total Magnesium
Chloride market share through 2021.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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