The global magnesium carbonate market size was significantly robust in 2021 and is expected to register a high CAGR over the forecast period. Increasing use of magnesium carbonate in the pharmaceutical and healthcare industry in antacids and laxatives due to its neutralization properties and adoption in the industrial sector relating to production of rubber and plastic are major factors driving market revenue growth.
Magnesium is the eighth most abundant element found on Earth. Its salt, commonly known as magnesite mineral is a hygroscopic substance, which can exist in different forms of Landsfordite and Barringtonite. Insoluble in water, it can be prepared in a laboratory setting by using sodium bicarbonate and other salts of material. Its one of the major application is to prepare magnesium oxide, or magnesia, by thermal treatment. Being a non-toxic material, it is popularly used in preparation of milk of magnesia, which helps to alleviate gastric acidity.
Top Companies Operating in the Global Magnesium Carbonate Market:
- Kyowa Chemical Industry Co., Ltd. (Japan)
- Rahul Magnesia Pvt. Ltd. (India)
- Liaoning Xinghai Pharmaceutical Co., Ltd. (China)
- Konoshima Chemical Co., Ltd. (Japan)
- Buschle Lepper S.A. (Brazil)
- Lehmann Voss Co., KG (Germany)
- Hebei Meishen Technology Co., Ltd. (China)
- Graymont Ltd. (Canada)
- SCORA SA (France)
- Naikai Salt Industries Co., Ltd. (Japan)
- The Lhoist Group (Belgium)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
With the growing pharmaceutical industry, use of this salt in drugs and medicine is gaining a lot of importance. Popular as an antacid, it can be used to prepare milk of magnesia, which reduces excess acid production in the stomach by neutralization. For instance, Mylanta (Infirst Healthcare USA) is a medicine prepared from this material used to treat acidity. Moreover, this salt is also known for laxative and muscle restoration properties. Its conversion to citrates is used in laxatives such as MiraLAX (by MiraLAX). In addition, magnesium carbonate is used to prepare edible nutrition supplements, which are beneficial for athletes to decrease muscle fatigue. As a result, a wide range of applications of this product in the medicines and pharmaceutical sector is a factor driving market revenue growth.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Magnesium Carbonate market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Magnesium Carbonate market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Magnesium Carbonate market key players
3.2 Global Magnesium Carbonate size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Magnesium Carbonate market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Magnesium Carbonate Market Segmentation
Type (Revenue, USD Million; 2019-2030)
- Light Magnesium Carbonate
- Heavy Magnesium Carbonate
Application/ End Use Outlook (Revenue, USD Million; 2019-2030)
- Pharmaceuticals
- Plastic Rubber Industry
- Personal Care Cosmetics
- Paints Inks
- Pulp Paper Industry
- Food Beverage
- Others
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