Magnesium Chloride Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2022
“The factors that are playing a major role in the growth of
market are the rising demand from end-use industries,
increasing adoption of magnesium alloy in automotive and
aerospace industries, and the increasing demand from
deicing applications.”
Global magnesium chloride market is expected to grow at a significant CAGR in the upcoming period as the
scope and its applications are rising enormously across the globe. Magnesium chloride is a naturally occurring
inorganic compound with the formula MgCl2. It is extracted from the places with high salt content such as the
Dead Sea and the Great Salt Lake. The compound is available in multiple hydrated crystal and anhydrous forms.
The factors that are playing a major role in the growth of market are the rising demand from end-use industries,
increasing adoption of magnesium alloy in automotive and aerospace industries, and the increasing demand
from deicing applications. However, its hazardous effect on health may restrain overall market growth in the
years to come. Magnesium chloride market is segmented based on product type, grade, application, and region.
The solid, powder, and liquid are the product types that could be explored in magnesium chloride in the forecast
period. Solid sector comprises pellets/prills and flakes. The solid sector accounted for the substantial market
share of magnesium chloride and is estimated to lead the overall market in the years to come. Based on grade,
food and pharmaceuticals, industrial, and others could classify magnesium chloride in the forecast period.
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The market may be categorized based on applications like food & feed, deicing agent, pharmaceutical, dust
suppressant, building materials, chemicals & derivatives, and others could be explored in magnesium chloride
in the forecast period. Building materials accounted for the substantial market share of magnesium chloride and