Global Magnesium Carbonate Market Projected To Grow And Reach Over USD 74.22 Million By The End Of 2026

22-Oct-2020 | Zion Market Research

The global Magnesium Carbonate Market Will Grow Over a CAGR of 0.033% between 2020 and 2026

As per researchers at Zion Market Research, the global magnesium carbonate market size is estimated to reach USD 74.22 million by 2026, growing at a CAGR of around 0.033% during the forecasted period 2020–2026. Magnesium carbonate—commonly known as dolomite—is a white crystalline inorganic salt that occurs physically as magnesite.

Global Magnesium Carbonate Market Size

It is insoluble in water & any inorganic solvent and has a high melting point of 2825°C. The surging demand from the rubber & plastic industry to enhance the tensile strength and decrease the weight of the rubber is stimulating the expansion of the global magnesium carbonate market. Additionally, the augmenting usage of magnesium carbonate across the cosmetics industry for the production of face powder, talcum powder, & others, and mounting demand from paper industries to create a paper of high quality are other aspects expected to boost the growth of the global magnesium carbonate market during the forecasted period.

Leading Key Players

Some of the prominent players in the market are Konoshima Chemical; Naikai Salt Industries Co., Ltd.; SCORA S.A.S; Bakhtawar Industries; Rahul Magnesia Pvt. Ltd.; Hebei Gaolin; Yingkou Magnesite Chemical; Xingtai Messi; Zehui Chemical; Yixing Lark Fine Chemical; Liaoning Xinghai Pharmaceutical; Dandong Yulong; and Meishen.

Increasing Use For Production Of Magnesium Oxide In the Cement & Steel Industry To Boost The Global Magnesium Carbonate Market

Magnesium carbonate is widely utilized in the pharmaceutical industry as fillers for tablets and an antacid is another key aspect contributing to the growth of this market. It is utilized as an anti-misting agent and filler in the manufacturing of paints & inks, as a foaming agent in different foods, and demolding agent in the production of biscuits. Furthermore, magnesium carbonate is mostly utilized as a raw material for the manufacturing of magnesium oxide, which is extensively utilized in cement & steel industries, as a refractory substance. These features are likely to support the development of the global magnesium carbonate market. On the other hand, overindulgence in magnesium carbonate has gastrointestinal side effects like diarrhea and flatulence, which is a major factor impeding the growth of the global magnesium carbonate market during the estimated period.

The global magnesium carbonate market is bifurcated on the basis of type, end-user, and regional analysis. Based on the type, the market is divided into heavy magnesium carbonate and light magnesium carbonate. Based on the end-user, the market is divided into pharmaceuticals, magnesium oxide production, personal care & cosmetics, the plastic & rubber industry, and paints & inks.

The Asia Pacific Region Projected To Dominate Global Magnesium Carbonate Market During 2019–2025

Based on geographical analysis, the global magnesium carbonate market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The expansion of industries such as steel, glass & ceramic, cement, and paper industries in emerging economies like China and India is likely to boost the market in the Asia Pacific region. Europe, North America, Latin America, and Middle East & Africa are projected to witness stable growth in this market due to higher demand from steel, pharmaceuticals, and cement industries across the regions.

Browse the full “Magnesium Carbonate Market - By Type (Heavy Magnesium Carbonate and Light Magnesium Carbonate), By End-User (Pharmaceuticals, Magnesium Oxide Production, Personal Care & Cosmetics, Plastic & Rubber Industry, and Paints & Inks), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/magnesium-carbonate-market

The global magnesium carbonate market is segmented as follows:

By type:

  • Heavy magnesium carbonate
  • Light magnesium carbonate

By end-user:

By region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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