are estimated to lead the overall market in the years to come. In addition, the deicing agent sector is estimated
to grow at the fastest pace in the years to come.
Globally, Asia Pacific accounted for the substantial market share of magnesium chloride and is estimated to lead
the overall market in the years to come. The reason behind the overall market growth could be the presence of
key manufacturers in the region and growing demand from developing countries. China is a major consumer of
magnesium chloride in the region. The reason could be Chinese government initiative, promote
commercialization and industrialization of magnesium chloride based products, and enhanced production of
magnesium chloride lines via the leading scientific and technological projects of the country.
Europe and North America are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, North America is estimated to grow at the highest
CAGR in the forecast period. The reason could be the rising demand for magnesium chloride as a deicing agent.
The key players of magnesium chloride market are Bhavani Chemicals, Compass Minerals International, Anish
Chemicals, Israel Chemicals Ltd., Magnesia GmbH, Israel Chemicals Ltd., Weifang Bell Chemical Co., Ltd., Intrepid
Potash, Inc., Shouguang Dingsheng Chemical Co., Ltd., DEUSA international GmbH, and Shandong Haihua Group
Co,. Ltd. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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