Magnesium sulfate, also known as Epsom salt, is an inorganic salt that consists of magnesium, sulfur, and oxygen. It is a colorless crystalline solid that is highly soluble in water and most polar organic solvents. It is commonly used in fertilizers, food additives, medicinal bath salts, medical treatments, pharmaceuticals, and industry.
Magnesium sulfate has several medical and agricultural uses. In medicine, it is used to treat eclampsia in pregnant women, and as a laxative to treat constipation. In agriculture, it is used to correct magnesium levels in the soil. Additionally, it is used in food additive, textiles, and paper production.
Magnesium sulfate is an important industrial metal salt and is used worldwide. Increasing demand from the agricultural, medical, and industrial sectors is expected to drive the global magnesium sulfate market. Factors influencing the global magnesium sulfate market growth include the increasing demand for magnesium sulfate as a fertilizer, the development of new medicines, and an increasing population. China is the largest producer, followed by India and the United States.
The global Magnesium Sulfate market was valued at US$ 586.8 million in 2022 and is anticipated to reach US$ 806.9 million by 2029, witnessing a CAGR of 4.6% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Magnesium Sulfate Market available at: https://www.themarketreports.com/report/global-magnesium-sulfate-market-research-report
This report aims to provide a comprehensive presentation of the global market for Magnesium Sulfate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magnesium Sulfate.
The major global companies of Magnesium Sulfate include K+S, Giles, PQ Corporation, Aldeon, UMAI CHEMICAL, Mani Agro Chem, Gee Gee Kay, Haifa, Penoles, Sinomagchem, Laiyu Chemical, Laizhou Kangxin, Laizhou Litong, Hongda Xingye, Laizhou Shouxi, Zibo Jinxing, Nafine, Tianjin Changlu Haijing, Yantai Sanding, Weifang Huakang etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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