Magnesium Sulfate Market 2015 - 2023 | Page 3

i . e . it readily absorbs water from the air . Magnesium sulfate is also recognized for its use as a beauty product . Athletes prefer magnesium sulfate to soothe sore muscles .
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The growing population , along with strong demand for high quality food , has resulted in increased pressure on farmers to enhance the quality of their agricultural products . Increased demand for food , coupled with increased application of magnesium sulfate for medicinal purposes are acting as major drivers for the growth of the magnesium sulfate market .
Asia Pacific is projected to be the fastest growing market for magnesium sulfate in the next six years . The main reason for this is the growing demand for greater quantity of food from countries such as China and India , as a result of increasing population in these countries . As fertilizer consumption is increasing to achieve higher yield , as a result consumption of magnesium sulfate is also increasing in these countries . China is the leading producer of magnesium sulfate , followed by the U . S ., and Russia respectively . The global magnesium sulfate market is expected to grow at a moderately paced CAGR from 2014 to 2020 .
Some of the major companies operating in the global magnesium sulfate market are PQ Corporation , UMAI CHEMICAL Co . Ltd ., Laizhou Guangcheng Chemical Co ., Ltd ., Laizhou Zhongda Chemical Co . Ltd ., Giles , Balaji Industries , China Nafine Group International Co . Ltd ., Laizhou City Laiyu Chemical Co . Ltd ., and Weifang Guomei Chemical Co . Ltd .
This research report analyzes this market on the basis of its market segments , major geographies , and current market trends . Geographies analyzed under this research report include
� North America � Asia Pacific � Europe � Rest of the World
This report provides comprehensive analysis of � Market growth drivers