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