According to ChemAnalyst report, “Global Magnesium Chloride Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape, 2015-2035”, The Magnesium Chloride market is likely to experience a significant growth and expected to reach 2900 thousand tonnes in 2035, at a CAGR of 4.39%. The increasing demand for Magnesium Chloride by Sorel Cement, Dust Suppressant, and De-icing Agent end-use industries, is expected to boost the growth of the Magnesium Chloride market in the forecast period.  

Magnesium chloride is a white, odourless powder with a moisture absorbing nature. Seawater or brine can be used to produce magnesium chloride. Its water-absorbing nature contributes to its application in the cement industry, de-icing of roads, and dust suppressant. Furthermore, magnesium chloride is employed as a precursor for the manufacturing of Magnesium. Its application for the synthesis of Ziegler-Natta Catalyst holds industrial significance as this catalyst is used for synthesis of alpha-olefins.

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Usage of magnesium chloride in the cement industry is the primary market factor boosting market growth. The Sorel Cement industry consumed about 39% of the global Magnesium Chloride in 2022. Owning up to the growing demand of cement for construction. building roads, bridges, public utility infrastructure, and repair work, the demand of Magnesium Chloride is anticipated to soar in the forecast period. Additionally, the usage of magnesium chloride to de-ice roads and highways in cold countries will further swell up the Magnesium Chloride demand in the forecast period.

The Magnesium Chloride market is segmented based on end-use, sales channel, and region. Based on end-use, the Magnesium Chloride market is segregated into Sorel Cement, Dust Suppressant, De-icing Agent, and others. The Sorel Cement industry dominates the Magnesium Chloride market around the globe and is most likely to retain its position during the forecast period. De-icing is another application which is anticipated to grow rapidly in the forecast period.

Based on demand by region, Asia Pacific region is dominating as the consumer of Magnesium Chloride among all other regions. In 2022, Asia Pacific consumed about 50% of the global Magnesium Chloride. North America and Europe are also leading consumers of Magnesium chloride where it us being primarily used for de-icing road and pavements. China and is leading as a producer of Magnesium Chloride.

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“Global Magnesium Chloride Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape, 2015-2035”, the significant players in the Magnesium Chloride market are Compass Minerals International, Inc., Uralkali JSC, Intrepid Potash, Inc, HuiTai Investment Co., Weifang Yuze Chemical Co.,Ltd., Qinghai Salt Lake Potash Co.,Ltd., Israel Chemical Limited, and NikoMag.

“The rapidly increasing demand Magnesium Chloride as a raw material to produce cement which is utilized for industrial activities like construction will further propel the Magnesium Chloride demand in the forecast perio…d. The growing demand for Magnesium Chloride due to its hygroscopic nature results in its application as a de-icing agent in colder regions, which is likely to expand its market in the forecast period. It is expected that the demand of Magnesium Chloride will further rise in coming years to fulfil the growing demand of cement in developing countries situated in Asia. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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