Global Magnesium Acetate Market Size 2023-2035
Research Nester published a report titled “Magnesium Acetate Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global magnesium acetate market in terms of market segmentation by type, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global magnesium acetate market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e., 2023-2035. The market is segmented by type into anhydrous magnesium acetate and hydrous magnesium acetate. Out of these segments, anhydrous magnesium acetate is anticipated to garner the largest market share by end of 2035, backed by the rising adoption of anhydrous magnesium acetate in various pharmaceutical formulations such as capsules and syrups. Moreover, rising research & development in the pharmaceutical industry is estimated to foster the segment growth.
The global magnesium acetate market is estimated to garner a revenue of ~USD 15 million by the end of 2035, up from a revenue of ~USD 10 million in the year 2023. The increasing applications of magnesium acetate including antacids, laxatives and emulsifiers used in end products of various industries are expected to boost sales of magnesium acetate in the coming years. Moreover, the increasing demand for magnesium acetate among patients suffering from osteoarthritis is also expected to drive the market growth during the forecast period.
Geographically, the global magnesium acetate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest revenue by the end of 2035, owing to the presence of large number of pharmaceutical companies in the region. Apart from this, the market in Asia Pacific is also estimated to register significant growth rate in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Growth of Textile and Apparel Industry to Drive the Market Growth
Demand for magnesium acetate from the textile and apparel industry has been increasing over time, as it is used as a processing aid for fiber finishing. It also helps in increasing the softness of the fibers. In addition, other benefits of using magnesium acetate in the textile and apparel industry include reduced fabric shrinkage and increased fiber stability. Hence such factors are projected to drive the growth of the global magnesium acetate market during the forecast period.
However, the lack of awareness about the benefits of magnesium acetate among consumers is expected to operate as key restraint to the growth of global magnesium acetate market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global magnesium acetate market which includes company profiling of American Elements, Celtic Chemicals, Niacet Corporation, Hefei TNJ Chemical Industry, VASA PharmaChem, Lehmann&Voss&Co., Shanxi Zhaoyi Chemical Co. Ltd., Wuxi Yangshan Biochemical, Weifang Yuze Chemical, Merck KGaA, and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global magnesium acetate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
