The global Magnesium Powder market stood at approximately 13 million tonnes in 2023 and is anticipated to grow at a CAGR of 4.2% during the forecast period until 2034.
The Magnesium Powder market is categorized into various types, including Magnesium Oxide, Magnesium Oxide, and Others. Among these segments Magnesium Oxide emerged as the leading segment in 2023. Magnesium oxide, a compound comprised of magnesium and oxygen, serves multifaceted purposes across diverse industries and applications. Primarily recognized for its medicinal applications, magnesium oxide is utilized as a dietary supplement to address magnesium deficiency and as an antacid to alleviate symptoms of acid reflux and indigestion. In pharmaceutical formulations, it acts as an active ingredient in laxatives and antacids due to its laxative properties and acid-neutralizing capabilities. Industrially, magnesium oxide finds extensive use as a refractory material in high-temperature applications, such as furnace linings, owing to its high melting point and heat resistance. It also serves as a crucial component in electrical insulating materials and as a filler in plastics and rubber. Moreover, magnesium oxide plays a pivotal role in water treatment processes by adjusting pH levels and removing impurities from water supplies. In the construction sector, it contributes to the production of magnesium-based cement and concrete, offering enhanced fire resistance and durability. Additionally, magnesium oxide serves as a vital additive in animal feed to prevent magnesium deficiency-related health issues in livestock and as a soil amendment to correct magnesium deficiencies and improve soil quality in agriculture. Its versatile properties make magnesium oxide indispensable across various sectors, fulfilling critical roles in numerous applications. Magnesium stearate is a versatile compound with broad applications across industries. In pharmaceuticals, it acts as a lubricant and anti-adherent, enhancing manufacturing efficiency and ensuring uniform distribution of active ingredients in solid dosage forms. Approved as a food additive, it prevents clumping in powdered food products and improves flowability. In cosmetics, it serves as a thickening agent, emollient, and lubricant, enhancing texture and product quality. Industrial applications include its use in plastics, rubber, and paints, where it acts as a lubricant, anti-tack agent, and dispersing agent, improving processing efficiency and product performance. Magnesium stearate's multifunctional properties make it indispensable in various sectors, contributing to the quality and efficiency of products across the pharmaceutical, food, cosmetic, and industrial domains.
The global magnesium powder market is primarily propelled by a growing focus on magnesium oxide. Magnesium oxide, derived from magnesium powder, finds extensive applications across various industries, including pharmaceuticals, construction, agriculture, and automotive. In the pharmaceutical sector, magnesium oxide is utilized in medications for treating magnesium deficiency, as well as in antacids and laxatives. Moreover, its role in industrial applications, such as refractory materials and electrical insulation, contributes significantly to market growth. Additionally, the increasing adoption of magnesium oxide in water treatment processes, as well as its use as a soil amendment in agriculture, further drives market demand. The global Magnesium Powder market is likely to reach approximately 21 million tonnes in 2034.
Regionally, Asia Pacific region stands out as a primary consumer of Magnesium Powder. Several factors contribute to this trend. The Asia Pacific region emerges as a significant consumer of magnesium powder due to several factors. Rapid industrialization in countries like China and India drives demand across industries such as automotive, electronics, and construction. In particular, the automotive sector's focus on lightweight materials for fuel efficiency and emissions reduction propels the use of magnesium powder in lightweight alloy production. Additionally, the region's growing population and rising disposable incomes lead to increased consumption of consumer goods, pharmaceuticals, and agricultural products, all of which utilize magnesium powder in various applications. Furthermore, abundant magnesium resources in countries like China ensure a stable supply for local manufacturers, reinforcing the region's position as a primary consumer of magnesium powder.
Based on the end-use industry, the global Magnesium Powder market is divided into Food & Beverages, Pharmaceuticals, Construction, Refractory, and Others. Among these industries, Refractory is the dominating segment and held about 35% of the global Magnesium Powder market in 2023. Pharmaceuticals is the second largest application. Magnesium stearate is used employed as a lubricant for tablets.
Major players in the Global Magnesium Powder market are Martin Marietta Materials Inc., Grecian Magnesite S.A., Premier Magnesia, LLC, Ube Industries Ltd., Robert Half International AG, Magnezit Group Europe GmbH, Magnesita Refractories SA, Alfa Aesar, Baerlocher GmbH, Faci Asia Pacific Pte Ltd, CARE, James M. Brown Ltd, Kemipex, Merck KGaA, MLA Group of Industries, NB Entrepreneurs, Nimbasia, Norac Additives, LLC, PT Halim Sakti Pratama, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Magnesium Powder which covers production, demand and supply of Magnesium Powder market in the globe.
• To analyse and forecast the market size of Magnesium Powder
• To classify and forecast Global Magnesium Powder market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Magnesium Powder market in the globe.
To extract data for Global Magnesium Powder market, primary research surveys were conducted with Magnesium Powder manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Magnesium Powder market over the coming years.
ChemAnalyst calculated Magnesium Powder demand across the globe by analyzing the volume of Magnesium Powder consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Magnesium Powder manufacturers and other stakeholders
• Organizations, forums and alliances related to Magnesium Powder distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Magnesium Powder manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Magnesium Powder market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
13 million tonnes
Market size Volume in 2034
21 million tonnes
Growth Rate
CAGR of 4.2% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Pharmaceuticals, Construction, Refractory, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Magnesium Powder market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Magnesium Powder.
3. Capacity By Location
To better understand the regional supply of Magnesium Powder by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Magnesium Powder by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types of Magnesium Powder - Magnesium Oxide, Magnesium Oxide, and Others, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Food & Beverages, Pharmaceuticals, Construction, Refractory, and Others) are creating a market and the forecast for the growth of the Magnesium Powder market.
8. Demand by Region
Analyzing the change in demand of Magnesium Powder in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Magnesium Powder. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Magnesium Powder.
11. Company Share
Figure out what proportion of the market share of Magnesium Powder is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Magnesium Powder.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Magnesium Powder in terms of volume in 2023?
Ans:
The global market size of Magnesium Powder has reached approximately 13 million tonnes in 2023.
Q2.
Which region is the leading consumer of Magnesium Powder?
Ans:
Asia Pacific region is the leading consumer of Magnesium Powder globally.
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