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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