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Magnesium Chloride Market - By Product Form (Liquid, Solid), By Application (Deicing Agent, Dust Suppressants, Chemicals & Derivatives, Building Materials, Pharmaceuticals, Food & Feed), By Grade & Forecast, 2024 – 2032

  • Report ID: GMI8817
  • Published Date: Apr 2024
  • Report Format: PDF

Magnesium Chloride Market Size

Magnesium Chloride Market was valued at around USD 498.11 million in 2023 and is anticipated to register a CAGR of over 4.2% between 2024 and 2032.

Magnesium Chloride Market

In industries such as deicing agents for road maintenance, dust suppressants for construction sites, and as a key ingredient in pharmaceuticals and food processing, magnesium chloride plays a pivotal role. Additionally, its use in building materials, particularly in the production of fire-resistant materials and cement additives, further propels demand. Moreover, the growing awareness of its benefits, including its effectiveness, low environmental impact, and cost-efficiency, continues to stimulate demand for magnesium chloride across diverse industrial sectors, contributing to the overall growth of the market. Thus, the market is expected to attain a market value of over USD 725 million by 2032.

While magnesium chloride is considered relatively environmentally friendly compared to some alternative deicing agents, concerns regarding its impact on ecosystems, particularly water bodies and vegetation, may pose challenges. Stringent environmental regulations and increasing scrutiny on the use of chemical compounds in various applications could lead to restrictions or limitations on magnesium chloride usage, affecting market growth.

Magnesium Chloride Market Trends

In the magnesium chloride industry, several key trends are shaping industry dynamics. Firstly, there's a growing emphasis on sustainable sourcing practices and eco-friendly production methods to mitigate environmental impacts. Secondly, the market is witnessing increased demand for pharmaceutical and food-grade magnesium chloride due to rising consumer awareness of its health benefits. Additionally, technological advancements are driving innovation in product formulations, leading to the development of enhanced and specialized magnesium chloride solutions for various applications. Furthermore, expanding infrastructure development projects globally are fueling demand for magnesium chloride as a dust suppressant and in building materials. Lastly, stringent regulatory standards and evolving consumer preferences continue to influence market dynamics, prompting companies to adapt and innovate to remain competitive in the market.

Magnesium Chloride Market Analysis

Magnesium Chloride Market Size, By Product Form, 2021 - 2032 (USD Million)

Based on product form, the market is divided into liquid, solid. Liquid form held the dominant market share of 294.8 million in 2023 and is expected to reach USD 417.1 million by 2032. The liquid form of magnesium chloride is more popular in the market due to several reasons. Firstly, liquid magnesium chloride is easier to handle and apply compared to solid forms, offering convenience and efficiency in various applications such as deicing and dust control. Secondly, the liquid form allows for uniform and precise application, ensuring optimal coverage and effectiveness. Additionally, liquid magnesium chloride exhibits faster and more immediate results, making it preferred for time-sensitive applications such as deicing roads during winter weather events. Furthermore, the liquid form offers versatility, as it can be easily mixed with other additives or solutions to customize formulations for specific requirements. Lastly, the liquid form of magnesium chloride tends to have a longer shelf life and remains stable under a wider range of storage conditions, enhancing its appeal to consumers and industries alike.

Magnesium Chloride Market Revenue Share, By Grade, (2023)

Based on grade, the magnesium chloride market is categorized into industrial, food, pharmaceuticals and other. Industrial grade accounted for 59% market share in 2023 and is projected to grow through 2032. Industrial-grade magnesium chloride is often less expensive compared to food and pharmaceutical grades, making it more cost-effective for large-scale industrial applications such as deicing agents and dust suppressants. Secondly, industrial-grade magnesium chloride typically has fewer purity requirements, allowing for easier sourcing and production processes. Additionally, the robustness and versatility of industrial-grade magnesium chloride make it suitable for a wide range of industrial applications, including construction materials, metal production, and wastewater treatment.

Based on application, the market is divided into deicing agent, dust suppressants, chemicals & derivatives, building materials, pharmaceuticals, food & feed and other. Deicing Agent held the dominant market share of USD 193.24 million in 2023 and is expected to reach USD 276.96 million by 2032. Its effectiveness in melting ice and snow on roads, highways, and airport runways makes it a preferred choice for winter road maintenance, ensuring safe transportation and preventing accidents. Secondly, magnesium chloride exhibits lower freezing points compared to other deicing agents, allowing for efficient ice melting even in extremely cold temperatures. Additionally, magnesium chloride's ability to create a brine solution upon contact with ice further enhances its effectiveness in breaking down ice and preventing its reformation.

Asia Pacific Magnesium Chloride Market Size, 2020- 2032 (USD Million)

Asia Pacific dominated the global magnesium chloride market in 2023. It generated a revenue of USD 178.88 million in 2023 and is expected to reach USD 270.79 million by 2032. The Asia-Pacific region is experiencing significant growth in the market due to several factors. Firstly, rapid urbanization and infrastructure development in countries like China and India have led to increased demand for magnesium chloride in construction materials, particularly to produce fire-resistant materials and cement additives. Secondly, the rising automotive industry in the region, coupled with harsh winter conditions in some areas, drives the demand for magnesium chloride as a deicing agent for roads and highways. Additionally, the expanding industrial sector in Asia-Pacific fuels demand for magnesium chloride in various industrial applications such as metal production, wastewater treatment, and dust control.

Magnesium Chloride Market Share

Magnesium Chloride Market Company Share, (2023)

The competitive landscape of the magnesium chloride industry is characterized by the presence of several key players, each contributing to the market's dynamism and growth. Companies such as Compass Minerals International, Inc., Intrepid Potash, Inc., and Israel Chemical Ltd. are prominent contenders, leveraging their extensive experience and diverse product portfolios to cater to various industries' magnesium chloride needs. These industry leaders offer a wide range of magnesium chloride products, including industrial-grade for deicing agents, dust suppressants, and chemicals & derivatives, catering to the diverse requirements of customers across different sectors. Additionally, companies like Merck KGaA and DEUSA international GmbH bring specialization in pharmaceutical-grade magnesium chloride, meeting stringent quality standards for pharmaceutical and food applications, further expanding the market's scope.

Furthermore, the competitive landscape is enriched by companies such as K+S Aktiengesellschaft, K+S KALI GmbH, and Huitai Investment Group Co., Ltd., which contribute to the market through their robust production capabilities and extensive geographical presence. These companies play pivotal roles in meeting global magnesium chloride demand, especially in regions experiencing rapid industrialization and infrastructure development. Additionally, niche players like Nedmag B.V. and Nikomag OJSC provide specialized magnesium chloride products, catering to specific industrial and commercial applications, thereby adding diversity to the market. As competition intensifies, strategic collaborations, product innovation, and expansion into emerging markets are key strategies employed by companies to maintain their competitive edge and capitalize on the growing demand for magnesium chloride globally.

Magnesium Chloride Market Share

Major players operating in the market include:

  • Compass Minerals International, Inc.
  • DEUSA international GmbH
  • Huitai Investment Group Co., Ltd
  • Intrepid Potash, Inc.
  • Israel Chemical Ltd.
  • K+S Aktiengesellschaft
  • K+S KALI GmbH
  • Merck KGaA
  • Nedmag B.V
  • Nikomag OJSC

Magnesium Chloride Industry News

  • In December 2023, the European market experiences a notable downturn, deviating from its prior upward trend. This shift reflects a saturation in customer demand, prompting cautious procurement strategies and strategic short positions by buyers. Substantial end-user inventories, softened energy prices, and reduced overseas demand during the holiday season contribute to declining prices. The uncertainty in sectors like textiles and paper manufacturing, coupled with lowered Q4 sales, leads to manufacturers adjusting production. Despite unchanged Magnesium Chloride supply, negotiations favor buyers, emphasizing the need for nuanced adaptation amid the market's downward trend.
  • In February 2022, Compass minerals announces expansion of magnesium chloride production at great Salt Lake facility. Compass Minerals, a leading producer of salt and specialty mineral products, announced a planned expansion of its magnesium chloride production capacity at its facility near the Great Salt Lake in Utah.

The magnesium chloride market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Product Form

  • Liquid
  • Solid

Market, By Grade

  • Industrial
  • Food & Pharmaceuticals

Market, By Application

  • Deicing Agent
  • Dust Suppressants
  • Chemicals & Derivatives
  • Building Materials
  • Pharmaceuticals
  • Food & Feed
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for magnesium chloride recorded USD 498 million in 2023 and is expected to register over 4.2% CAGR from 2024 to 2032, on account of the increasing adoption as a de-icing agent for roads and highways, particularly in regions with cold climates.

The liquid form segment in the magnesium chloride industry reached USD 294.8 million in 2023 and is expected to depict substantial growth from 2024 to 2032, owing to longer shelf life and stability under a wider range of storage conditions.

Asia Pacific industry accumulated a revenue of USD 178.88 million in 2023 and is expected to expand at notable CAGR from 2024 to 2032, due to the rapid urbanization and infrastructure development in countries like China and India.

Compass Minerals International, Inc., DEUSA international GmbH, Huitai Investment Group Co., Ltd, Intrepid Potash, Inc., Israel Chemical Ltd., K+S Aktiengesellschaft, K+S KALI GmbH, Merck KGaA, Nedmag B.V, Nikomag OJSC are some of the major magnesium chloride companies worldwide.

Magnesium Chloride Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 210
  • Countries covered: 22
  • Pages: 320
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