Global and United States Anhydrous Magnesium Sulfate Market Report & Forecast 2022-2028

Anhydrous magnesium sulfate, chemical formula: MgSO4, colorless orthorhombic crystal. Soluble in water, ethanol, glycerin, insoluble in acetone. It is used in the pharmaceutical and printing and dyeing industries. It can also be used as a desiccant, feed, fertilizer or compound fertilizer. It is also a raw material for the production of magnesium oxide.
Market Analysis and Insights: Global and United States Anhydrous Magnesium Sulfate Market
This report focuses on global and United States Anhydrous Magnesium Sulfate market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Anhydrous Magnesium Sulfate market size is estimated to be worth US$ 128.8 million in 2022 and is forecast to a readjusted size of US$ 156.4 million by 2028 with a CAGR of 3.3% during the review period. Fully considering the economic change by this health crisis, by Type, Industrial Grade Anhydrous Magnesium Sulfate accounting for % of the Anhydrous Magnesium Sulfate global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Industry was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Among various applications of anhydrous magnesium sulfate, demand from industrial accounts for the largest share. In 2019, the field consumed approximately 73% of the market share, mainly from the paper industry and ABS industry.
Asia Pacific is the largest consumption region of anhydrous magnesium sulfate, with a market share of about 54% in 2019. Europe and North America account for a huge part of the rest, occupying nearly 32% and 8% of the global market, respectively.
The key players in the global Anhydrous Magnesium Sulfate market are like K+S and Laiyu Chemical, Hongda Xingye , Laizhou Kangxin, etc. The top 5 companies totally hold almost 65% of the global market in 2019.
Global Anhydrous Magnesium Sulfate Scope and Market Size
Anhydrous Magnesium Sulfate market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Anhydrous Magnesium Sulfate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Anhydrous Magnesium Sulfate market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Industrial Grade Anhydrous Magnesium Sulfate
Food Grade Anhydrous Magnesium Sulfate
Segment by Application
Industry
Agriculture
Food and Pharmaceutical Industry
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
K+S
UMAI CHEMICAL
Gee Gee Kay
Laiyu Chemical
Laizhou Kangxin
Laizhou Litong
Hongda Xingye
Laizhou Shouxi
Zibo Jinxing
Yantai Sanding
Weifang Huakang