| Product Name | Magnesium Sulfate |
| HS Code |
28332100
|
| Chemical Formula | MgSO4 |
| Region/Countries for which Data is available |
|
| Currency | US$ (Data can also be provided in local currency) |
| Customization Scope | Our services can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after service delivery |
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A chemical element and a salt with the organic formula MgSO4 is called magnesium sulfate which comprises magnesium cation Mg2+ and sulfate anions SO2-4. It is white crystalline solid in appearance and dissolvable in water however is not soluble in ethanol.
The most common magnesium sulfate is the heptahydrate MgSO4·7H2O also known as Epsom salt, which is a household chemical and has several conventional usages, such as bath salts. The primary utilization of magnesium salt is in agriculture, to fix soils inadequacies in magnesium
One of the biggest manufacturers and exporters of magnesium sulphate, China, accompanied with India, Brazil, and Saudi Arabia are projected to be the promising countries in the magnesium sulfate market, as they are estimated to develop at a strong rate in terms of growth in the demand.
China is expected attain a value of USD 379.3 million by the close of 2030. Furthermore, China may show a tough competition for worldwide producers in terms of export volume and setting a price.
Key Details About the Magnesium Sulfate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the magnesium sulfate price, rapeseed price and tin can price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Magnesium Sulfate price trend, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Magnesium Sulfate Price Trend:
The increasing requirement to attain high-level agricultural output together with the significant development of the global agricultural sector is likely to be the primary reason that is influencing magnesium sulfate price trend as well as the key driver that is propelling its demand.
Additionally, the rising usage of magnesium sulfate in the personal care & cosmetics industry to produce a variety of essential personal care products such as skincare items, hair care products, sun-tan and skin fresheners will develop potential opportunities for the development of the worldwide magnesium sulfate sector in the upcoming years.
The product is also utilised in several other industrial applications like pigment, chemical, textile and leather. Moreover, since magnesium sulfate crystals are odourless and is white in appearance it is employed to treat pre-eclampsia and eclampsia as an anticonvulsant, cathartic and electrolyte replenish. Also, since magnesium is critical for the human body as a supplement hence it is extensively used in nutraceuticals products.
Key Market Players:
- PQ Corporation
- Umai Chemical Co. Ltd.
- Laizhou Guangcheng Chemical Co.
- Giles Chemical
News and Events:
- May 7, 2022 – According to recent research reported in Allergy – European Journal of Allergy and Clinical Immunology predicted that to view in critical laryngeal exposure patients, magnesium sulfate is a reliable and efficient drug.
- April 2021 – America’s salt business associated with the Operating Unit Americas was sold by K+S to Stone Canyon Industries Holdings, Mark Demetree and Partners at the cost of USD 2.93 billion. Such an important step was taken primarily to reduce the company’s debt.
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