Global Magnesium Sulphate Market Scenario , Leading Players , Segments Analysis and Growth Drivers to 2027
Market Highlights
The need for Magnesium Sulphate Market is gradually rising due to constraining factors such as rising global population , increasing food demand and decreasing arable land , among others . Magnesium Sulphate is a chemical compound which is a mix of magnesium , sulphur & oxygen . Its formula is MgSO4 . Magnesium sulphate frequently faced as sulphate mineral & epsomite are also knows as Epsom Salt . It is a key raw material used in many sectors such as Food industries , Chemical industries , Research and Development , Healthcare & Agriculture , among others . In medical , it is used both i . e . internally & externally . It is also used in main preparation of intravenous magnesium . Use of internal includes- replacements therapy – hypomagnesaemia , exacerbations of asthma , eclampsia & cerebral palsy . External use include in pregnancy . In the agricultural and farming sector , ( Magnesium sulphate helps to correct magnesium deficiency ) magnesium sulphate is kind of fertilizer used in especially promoting healthier growth of plants such as tomatoes among others . However , allergic reactions such as skin infection , diarrhoea or upset stomach could hamper the growth of the market
As per the International Fertilizer Industry Association : The fertilizers demand is rising steadily in 2015 and 2016 . Global fertilizer demand is estimated to reach 200 million tons by 2020 Global fertilizer demand to grow by 1.5 % to 2 % per annum in the next five years
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Competitive Analysis-
Major Key Players in Magnesium Sulphate Market are
COMPO GmbH & Co . KG , U . S . Chemicals LLC , Baymag , QingHai Salt Lake Industry , SDIC Xinjiang Luobupo Potash , Geermuzige Potash , Qinghai Hanhai Group , Rech Chemical , Yash Chemicals , Hengyang Jumbo Feed Additives , Jinxing Chemical , K + S Group , KOLOD , Mani Agro Chem , HebeiRongkemeiye and others
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