Increasing Demand for Fire Suppressant Products to Drive Growth of Magnesium Derivative Market to Revenues Worth US$ 56 Bn by 2027 End, Finds TMR

ALBANY, New York, March 31, 2020 /PRNewswire/ -- In its recent research report, Transparency Market Research talks about the dynamics of operations of the global magnesium derivatives market. The research report tries to shed light on the key driving factors of the global market along with crucial marketable information about the prominent growth inhibitors, key segments, geographical outlook, and the current situation of the competitive landscape.

According to the research report, the global market for magnesium derivatives was valued at US$37 Bn in the year 2018. The market is expected to witness a CAGR of ~5% over the forecast period ranging from 2019 to 2027. With this rate of growth, the global market is then expected to reach a new valuation worth US$56 Bn by the fall of the 2027.

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Global Magnesium Derivatives Market - Key Takeaways

    --  Based on the product, the global market for magnesium derivatives is
        expected to be led by the segment of magnesium oxide.
    --  The segment is expected to grow at a 5% CAGR over the period of forecast
        ranging from 2019 to 2027.
    --  The growth of the segment is expected to be driven by increasing
        popularity of the refractive applications of this derivative, in the
        form of dead burned magnesia and fused magnesia.

Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Magnesium Derivatives Market by Product and its Application: Magnesium Oxide [Industrial Water & Wastewater Treatment, Agriculture, Building & Construction, Chemical Intermediates, and Others], Magnesium Carbonate [Flame Feedstock [MgO], Fillers in Rubber Industry, Pharmaceuticals & Cosmetic Products, and Others], Magnesium Hydroxide [Flame Retardants, Water and Wastewater, Chemicals, and Others], Magnesium Chloride [Deicing and Dust Suppression, Sorel Cement, Nutritional Supplements, and Others], Magnesium Sulfate [Agriculture, Animal Feed, Pharmaceuticals, Chemical Synthesis, and Others], and Magnesium Hydrotalcite [Resin Processing, Medicine, Wastewater Treatment, and Others] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027, at

Global Magnesium Derivatives Market - Key Driving Factors

    --  Different magnesium derivatives such as magnesium chloride, magnesium
        sulfate, and magnesium hydroxide have flame retardant and smoke
        suppressant properties. These derivatives are used for reducing
        flammability in broad range of applications and materials.
    --  Growth in the number of fire accidents and issuance of stricter fire
        safety guidelines and regulations across the globe are also helping to
        drive the adoption of magnesium derivatives.
    --  Several major industries are adopting proactive steps in order to avoid
        fire outages and accidents. This too is helping the growth of the global
    --  Some of the other key factors for the development of the global
        magnesium derivatives market include rise in demand for food, increasing
        demand for sulfur free fertilizers, growing magnesium deficiency in soil
        due to excessive usage of ammonia based fertilizers, and dwindling of
        cultivation area.

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Global Magnesium Derivative Market - Key Growth Inhibitors

    --  One of the key restraining factors for the global magnesium derivatives
        market is heavy dependency of manufacturers on the availability of raw
    --  Historically, the magnesium derivatives' prices have been quite
        fluctuating, which in turn has had a negative impact on the overall
        profits of the leading manufacturers.

Global Magnesium Derivatives Market - Geographical Outlook

    --  Asia Pacific segment accounted for nearly 50% of the overall share of
        the global magnesium derivatives market in 2018
    --  China in particular has been the chief contributor for the development
        of the Asia Pacific market by being a major consumer of magnesite and
    --  Increasing demand from the prominent end use industries in the emerging
        economies in India and China are also expected to drive the growth of
        the Asia Pacific market for magnesium derivatives.

Analyze Magnesium Derivatives Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study,

Global Magnesium Derivatives Market - Key Players

Some of the prominent brands operating the global magnesium derivatives market are Compass Minerals, GRECIAN MAGNESITE, Martin Marietta Magnesia Specialties, and Intrepid Potash, Inc.

Global Magnesium Derivatives Market: Research Scope

Magnesium Derivatives Market by Product and its Application

    --  Magnesium Oxide
        --  Industrial
        --  Water & Wastewater Treatment
        --  Agriculture
        --  Building & Construction
        --  Chemical Intermediates
        --  Others
    --  Magnesium Carbonate
        --  Flame Feedstock (MgO)
        --  Filler in Rubber Industry
        --  Pharmaceuticals & Cosmetic Products
        --  Others
    --  Magnesium Hydroxide
        --  Flame Retardants
        --  Water and Wastewater
        --  Chemicals
        --  Others
    --  Magnesium Chloride
        --  Deicing and Dust Suppression
        --  Sorel Cement
        --  Nutritional Supplements
        --  Others
    --  Magnesium Sulfate
        --  Agriculture
        --  Animal Feed
        --  Pharmaceuticals
        --  Chemical Synthesis
        --  Others
    --  Magnesium Hydrotalcite
        --  Resin Processing
        --  Medicine
        --  Wastewater Treatment
        --  Others

Magnesium Derivatives Market by Region

    --  North America
        --  U.S.
        --  Canada
    --  Europe
        --  Germany
        --  France
        --  U.K.
        --  Italy
        --  Spain
        --  Rest of Europe
    --  Asia Pacific
        --  China
        --  Japan
        --  India
        --  ASEAN
        --  Rest of Asia Pacific
    --  Latin America
        --  Brazil
        --  Mexico
        --  Rest of Latin America
    --  Middle East & Africa
        --  GCC
        --  South Africa
        --  Rest of Middle East & Africa

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