Magnesium Sulphate Market Size

Global Magnesium sulfate Market Overview

Magnesium sulfate Market Size was valued at USD 815.22 million in 2023 and USD 843.92 million by 2024. The Magnesium sulfate Market industry is projected to grow to USD 1136.74 million by 2032, exhibiting a compound annual growth rate (CAGR) of 3.79% during the forecast period (2024 - 2032). Magnesium sulfate is an essential nutrient for plants, helping to improve soil structure, increase nutrient availability, and enhance crop yields. This application is expected to drive market growth in the agricultural sector. Magnesium sulfate is particularly beneficial for crops that require high levels of magnesium, such as fruits, vegetables, and nuts. Magnesium sulfate is used in the construction industry as a setting retarder in cement and concrete. This application is expected to contribute to market growth in the construction sector. Magnesium sulfate is particularly beneficial for large-scale construction projects that require a controlled setting time for cement and concrete. Magnesium sulfate is a well-established drug with a long history of use in obstetrics, particularly for the prevention and treatment of eclampsia. However, its applications extend beyond this field. The drug is also used in the treatment of magnesium deficiency, seizures, and as a laxative. The growing global population and increasing prevalence of chronic diseases are driving the demand for magnesium sulfate in pharmaceuticals. One of the most promising opportunities for magnesium sulfate in the pharmaceutical market lies in its potential use as a neuroprotective agent. Research has shown that magnesium sulfate may have a protective effect on the brain, reducing the risk of neurological complications following traumatic brain injury, stroke, and other neurological disorders. This has led to an increased interest in the development of magnesium sulfate-based therapies for neurological conditions.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Magnesium Sulfate Market Trends

• RISING DEMAND FOR MAGNESIUM SULFATE IN THE AGRICULTURAL SECTOR

The growing demand for magnesium sulfate in the agriculture sector is one of the primary factors driving the market growth. Agriculture contributes about 4% to the global Gross Domestic Product (GDP) also, in some least developed countries, it can account for more than 25% of their GDP. As agriculture is a critical economic sector, it requires fertilizers to increase crop yields and ensure food security. Fertilizers, including magnesium sulfate, help plants grow better, leading to higher crop yields and more food production.

Magnesium is an essential nutrient for plants, and it plays a crucial role in various physiological processes, including photosynthesis, enzyme activation, and protein synthesis. Magnesium deficiency can lead to stunted growth, yellowing of leaves, and reduced crop yields. Therefore, it is essential to maintain adequate levels of magnesium in the soil to ensure optimal plant growth and productivity. Also, climate change and environmental degradation are affecting the quality and availability of water and soil resources, which can also affect the nutrient status of plants. For example, drought, salinity, flooding, and temperature extremes can reduce the absorption and translocation of magnesium by plants or increase the loss of magnesium from the soil. Moreover, soil erosion, acidification, and pollution can reduce the soil magnesium content or increase the antagonism of other elements, such as calcium or potassium. These factors can increase the occurrence and severity of magnesium deficiency in plants, and thus increase the need for magnesium sulfate application.

The demand for magnesium sulfate in the agricultural sector has been increasing in recent years, due to several factors. The global population and food demand are growing, which requires more intensive and productive agricultural practices. This means that more crops are grown on the same or less land, which can deplete the soil of its nutrients and increase the risk of nutrient deficiencies. For instance, according to MRFR analysis agricultural development is one of the most powerful tools to end extreme poverty, boost shared prosperity, and feed a projected 10 billion people by 2050. Therefore, farmers need to apply more fertilizers to maintain or enhance soil fertility and crop yield. Magnesium sulfate is one of the most widely used and affordable fertilizers, especially for crops that are sensitive to magnesium deficiency, such as potatoes, peppers, tomatoes, and roses.

The United States, India, Russia, China, and Brazil are among the countries with the largest arable land, which directly influences the demand for fertilizers, including magnesium sulfate. China, with its 119.5 million hectares of arable land, is the world's largest consumer of fertilizers, while India, with its 156.1 million hectares of arable land, Brazil, with its 55.8 million hectares, and Russia with its 121.6 million hectares of arable land, are also significant consumers of fertilizers. The demand for fertilizers in these countries has been increasing to meet the growing food demand and to support their agricultural exports. As the global population continues to grow, more crops are grown on the same or less land, which can deplete the soil of its nutrients and increase the risk of nutrient deficiencies. Magnesium sulfate plays a crucial role in addressing these challenges by improving soil structure, water retention, and nutrient uptake, leading to healthier plants and higher crop yields.

In 2022, China, India, Brazil, and the United States had significant fertilizer consumption, with China leading the pack at 42.31 million tons of nutrients. India's fertilizer consumption was the second highest at 29.8 million tons of nutrients, indicating a growing agricultural sector that also increase demand for magnesium sulfate. Brazil's consumption was lower than China and India, but still significant at 21.17 million tons of nutrients, and its growing agricultural sector also drives demand for magnesium sulfate. The United States had the lowest fertilizer consumption at 18.27 million tons of nutrients, but its significant agricultural sector still led to an increase in demand for magnesium sulfate as a supplementary nutrient.

Magnesium sulfate is an essential nutrient for plants, and its deficiency can lead to reduced crop yields and stunted growth. The global population and food demand are growing, which requires more intensive and productive agricultural practices, leading to an increase in demand for fertilizers, including magnesium sulfate. China, India, Brazil, and the United States are among the countries with the largest arable land, and their growing agricultural sectors are driving the demand for magnesium sulfate. As the world population continues to grow, the demand for magnesium sulfate is expected to increase further to meet the growing food demand and support sustainable agriculture.

• RISING DEMAND FROM FOOD AND BEVERAGE INDUSTRY

Magnesium sulfate, also known as Epsom salt, is a critical compound that has a wide range of applications in various industries. In recent years, there has been a rising demand for magnesium sulfate in the food industry as an additive, which has been driving market growth. One of the main reasons for the increasing demand for magnesium sulfate in the food industry is its ability to act as a flavor enhancer. Magnesium sulfate has a slightly bitter taste, which can help to enhance the flavor of certain foods and beverages. It is commonly used in the production of beer, where it can help to improve the taste and aroma of the final product.

The most important application of magnesium sulfate in the food industry is as a nutrient supplement. Magnesium is an essential mineral that plays a vital role in many bodily functions, including muscle and nerve function, blood sugar regulation, and bone health. However, many people do not get enough magnesium in their diets, which can lead to a range of health problems. By adding magnesium sulfate to certain foods and beverages, manufacturers can help to increase the magnesium content and provide consumers with a convenient way to boost their intake.

Magnesium sulfate is also used as a processing aid in the food industry. It can help to improve the texture and appearance of certain foods, such as cheese and tofu, by acting as a coagulant. Additionally, it can be used as a stabilizer in certain products, such as canned fruits and vegetables, to prevent discoloration and maintain freshness. The global food additives market, valued at USD 38.2 billion in 2022, is projected to reach USD 62.37 billion by 2032, with a CAGR of 5.6%. The growth of the global food additives market is closely related to the increasing demand for magnesium sulfate in the food industry. As magnesium sulfate becomes more widely used as a flavor enhancer, nutrient supplement, and processing aid, the demand for this additive is expected to continue to grow, driving the expansion of the global food additives market.

Magnesium sulfate Market Segment Insights:

Magnesium sulfate by Form Insights

The Magnesium sulfate Market segmentation, based on form has been segmented as Crystal, Powder, and Granules. The crystal segment dominated the market with a revenue share of 61.90% in 2023 and expected to grow at CAGR of 3.71% in the forecast period. Manganese sulfate in its crystal form embodies a solid, structured compound comprising manganese, sulfur, and oxygen. This variant is used in widespread application across multiple sectors, with agriculture being a primary beneficiary. Farmers utilize it as a crucial supplement to rectify manganese deficiencies in soil, thereby bolstering crop health and yield. Moreover, its incorporation into fertilizer formulations serves to optimize plant growth and development, contributing to enhanced agricultural productivity. Beyond agriculture, its role extends to the chemical manufacturing and materials production, where it serves as a key ingredient in various processes.

Magnesium sulfate by Type Insights

In 2023, The Heptahydrate segment is the dominant type of segment, with a share of 65.64% in 2023 and a market value of USD 535.09 million. Heptahydrate manganese sulfate, denoted as MnSO₄ · 7H₂O, is a crystalline compound widely used in both the agricultural and livestock sectors. In agriculture, it serves as a micronutrient fertilizer, strategically correcting manganese deficiencies in soil. This corrective action is pivotal for promoting robust plant growth and optimizing crop yields. The compound's efficacy extends to animal husbandry, where it is utilized as a supplement in feed formulations. By doing so, heptahydrate ensures livestock health by maintaining appropriate manganese levels. Practically applied in agriculture through soil application or foliar spray, heptahydrate enhances plant health, fostering a thriving crop environment. Its inclusion in animal feed formulations aligns with the nutritional needs of livestock, contributing to overall well-being. A notable advantage of heptahydrate is its effectiveness in rectifying manganese deficiencies, benefiting both crops and animals.

Magnesium sulfate by End-Use Industry Insights

In 2023, the Fertilizer segment held the market revenue share of 29.36% and this segment is expected to grow at a CAGR of 4.46 in the forecast period 2024-2032. This high share is attributable to the increasing demand for magnesium sulfate in agriculture, driven by a growing focus on sustainable farming practices, improved crop yields, and increasing awareness of the compound's effectiveness in enhancing soil fertility. Manganese sulfate is a pivotal micronutrient in fertilizers, revolutionizing plant growth and development. Its fundamental role in photosynthesis, nitrogen metabolism, and enzyme activation underscores its significance. Whether applied to the soil or administered as a foliar spray, manganese sulfate diligently rectifies manganese deficiencies in plants, fostering superior crop yields and enhanced crop quality. The advantages of incorporating this micronutrient into fertilizers are manifold, encompassing a profound improvement in overall plant health.

Magnesium sulfate Key Market Players & Competitive Insights

The Magnesium sulfate Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. Intense competition, frequent changes in government policies, and regulations are key factors that impact market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. The top 10 major players in the market are K+S Aktiengesellschaft, PQ Corporation, Nafine Chemical Industry Group Co. Ltd, UMAI CHEMICAL CO., Ltd, Giles Chemical, Morton Salt, Inc, Acuro Organics Limited, and Laizhou Guangcheng Chemical Co. Ltd. LHCHEM and VINIPUL INORGANICS PVT. LTD.

The competitive landscape in the magnesium sulfate market is expected to remain strong for the forecast period. This will be driven by factors such as increasing demand from emerging economies, technological advancements, product differentiation etc.To stay ahead of the competition, companies are focusing on increasing their R&D investments, expanding their product portfolio, and strengthening their distribution network. Furthermore, major player such as K+S Aktiengesellschaft, PQ Corporation, Nafine Chemical Industry Group Co. Ltd, UMAI CHEMICAL CO., Ltd, Giles Chemical influence the market significantly contributing to a consolidated state of market, where the dynamics and key industry trends are often shaped by the strategic moves of these companies. However, the presence of local players and regional variation especially in magnesium sulfate production hubs like China add a layer of diversity to the market. The players account for most of the global market share due to their extensive production capabilities, global revenue base, raw materials (reserves of minerals), and global distribution network.

K+S Aktiengesellschaft: The company focuses on strengthening its raw material and production bases with potash and magnesium and expanding globally. It manufactures the standard product potassium chloride efficiently and professionally to reduce production costs and increase competitiveness continuously. Also, it focuses on exploring complementary business areas to tap new growth opportunities. Its strategic focus is on its core business with potash and magnesium products. It focusses on the environment, nature, and climate protection remains unchanged. Every business decision must be consistent with their climate strategy. In this way, company also ensure broad social acceptance of their actions. Its corporate strategy is characterized by three focal points: Optimize existing business, Expand and develop core business and establish new business areas.

PQ CORPORATION: PQ Corporation focus on being the reliable and innovative partner, and it continue to develop new growth areas such as biofuels and waste recycling products and process aids that reduce their customers’ environmental footprint and greener production of silicate and silicas. The company promotes teamwork, which fosters the growth of the organization. The company focus on building trust and good relation. It promotes the quantity of its products, which improves the performance and make life easy for the customers.

Key Companies in the Magnesium sulfate Market includes.

• K+S AKTIENGESELLSCHAFT


• PQ CORPORATION


• CHINA NAFINE GROUP INTERNATIONAL CO., LTD


• MORTON SALT, INC.


• GILES CHEMICAL (PREMIER MAGNESIA)


• ACURO ORGANICS LIMITED


• LAIZHOU GUANGCHENG CHEMICAL CO. LTD


• UMAI CHEMICAL CO., LTD


• VINIPUL INORGANICS PVT. LTD.


• LHCHEM


• Others

Magnesium sulfate Industry Developments

April 2020: K+S launched a Magnesium Sulphate Anhydrous 98% MgSO4, which complements water-soluble NPK’s with additional nutrients such as Mg and SO3. It is easily soluble with dissolution residue.

November 2019: The subsidiaries K+S KALI GmbH and esco - european salt company GmbH & Co. KG, merged into one company under the new name of K+S Minerals and Agriculture GmbH. K+S already merged its disposal and logistics activities into K+S KALI GmbH in July.

Magnesium sulfate Market Segmentation:

Magnesium sulfate Form Outlook

• Crystal


• Powder


• Granules

Magnesium sulfate Type Outlook

• Heptahydrate (Epsom Salt)


• Anhydrous


• Monohydrate


• Others

Magnesium sulfate End-Use Industry Outlook

• Fertilizer


• Medical


• Food Additive


• Industrial


• Chemical


• Others

Magnesium sulfate Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Denmark
  
  
  • Norway
  
  
  • Sweden
  
  
  • Finland
  
  
  • Iceland
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Bangladesh
  
  
  • Australia & New Zealand
  
  
  • Indonesia
  
  
  • Singapore
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Chile
  
  
  • Rest of South America
  
  
  • Middle East & Africa
  
  
  
  


• Saudi Arabia
  
  
  
  • Qatar
  
  
  • UAE
  
  
  • Oman
  
  
  • Bahrain
  
  
  • Kuwait
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa