Sarasota, FL -- (SBWIRE) -- 06/15/2018 -- Magnesium Carbonate Market: Overview
Magnesium carbonate is a white solid material which is naturally occurring mineral and also called as dolomite. Magnesium carbonate has a high melting point of 2825 degree Celsius and is insoluble in water or any other inorganic solvent. Magnesium carbonate is used in pharmaceutical industry, rubber, and plastic industry. In addition, there is increasing usage of magnesium carbonate in the cosmetics industry. Magnesium Carbonate can be prepared in the laboratory by the reaction between any soluble magnesium salt and sodium bicarbonate. The basic use of magnesium carbonate is for the production of magnesium oxide by calcining.
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Magnesium Carbonate Market: Growth Factors
Global magnesium carbonate market has boosted in pharmaceutical & healthcare industry, rubber & plastic industry, cosmetic industry, automotive and aerospace industry. In the pharmaceutical industry, it is used as an antacid and provides fillers for tablet production. The demand for high-quality magnesium chloride is increasing which will lead to the invention of new product development and may also have high growth potential in the market. It is used as a primary raw material for the production of magnesium oxide, which is used in numerous end-use industries alike steel industry, refractory material, and cement. As there is an increasing adoption of magnesium carbonate across many industries, the demand for various innovative products is expected to rise which provides the continuous growth opportunities in the coming years. However, excess amount whenever consumed may lead to gastrointestinal side effects such as diarrhea and flatulence. Furthermore, the market is segmented in nature due to its growing abilities and investments of many established and emerging players in the market.
Magnesium Carbonate Market: Segmentation
The global magnesium carbonate market is fragmented on the basis of its type and end-users. In terms of its type, it is segmented as light magnesium carbonate and heavy magnesium carbonate. On the basis of its end-users, it is further classified into magnesium oxide production, pharmaceuticals, plastic and rubber industry, personal care & cosmetics and paints & ink.
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Magnesium Carbonate Market: Regional Analysis
The Asia Pacific is the dominant region, in terms of the global magnesium carbonate market because India is the major player in this market. Increasing growth of glass & ceramic steel, cement as well as paper industries is booming in China and India region. The Middle East & Africa, North America, Europe, and Latin America are expected to have significant growth in this market, for the reason it has high demand in the cement industries and pharmaceuticals.
Magnesium Carbonate Market: Competitive Players
Some of the important key players in the global magnesium carbonate market are Lhoist Group, Omya Group, SCR-Sibelco N.V., Specialty Minerals Inc., Nordkalk Oy Ab, Beihai Group, Graymont Limited, Nittetsu Mining Co., Ltd., and SHINKO KOGYO Co., Ltd., among others.
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Global Magnesium Carbonate Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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