Pune, India -- (SBWIRE) -- 01/23/2018 -- Market Research Future Published a Cooked Research "Global Magnesium Sulphate Market Research Report - Forecast to 2027" - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2027.

COMPO GmbH & Co. KG, S. Chemicals LLC, Baymag, QingHai Salt Lake Industry, SDIC Xinjiang Luobupo Potash, Geermuzige Potash, Qinghai Hanhai Group, Rech Chemical, Yash Chemicals, Hengyang Jumbo Feed Additives, Jinxing Chemical, K+S Group, KOLOD, Mani Agro Chem, HebeiRongkemeiye and other are some of the prominent players at the forefront of competition in the Global Magnesium Sulphate Market and are profiled in MRFR Analysis.

Magnesium Sulphate Market – Market Overview
Magnesium Sulphate is an inorganic salt of magnesium, oxygen, and sulphur. It is known as Epsom salt which occurs in hydrated forms, including monohydrate and heptahydrate. It is majorly founds applications in Agriculture, Food Additives & Pharmaceuticals, Chemical & Industrial Uses and others. Industrial use of Magnesium Sulphate Market majorly focused in pulp and paper applications. Its use as food additive is significantly incising year by year due to growing adoption of packaged food in developed economies. As the food industry represented dynamic growth over the years, demand for packaged for expected to grow in same trend which may sets uplifted consumption of magnesium sulphate.

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Magnesium Sulphate is well known for its application as most effective, low cost and safe treat available for severe pre-eclampsia and eclampsia. The preliminary tests held in Nigeria on Magnesium Sulphate as an anticonvulsant in the management of eclampsia responded well in 2008, and its adoption has been growing year by year, thereafter. In addition to this, the cost effective nature of this treatment led to increasing adoption, specifically economically backward countries thereby encouraging market growth. In medical industry, Magnesium Sulphate used in crucial application. Its ability to use as a vasodilator to decrease cerebral edema formation has led to its increasing adoption. Moreover, it is used to decreases blood-brain barrier permeability during acute hypertension. Owing to these important application of Magnesium Sulphate, medical industry expected to drive the global market in the coming years. Adverse health related issues associated with Magnesium Sulphate has been challenging the growth of this market over the years. This factor may emerge as key growth barrier in the coming years as well. Although, increasing investment in research & development activities to resolve market complexities expected to change scenario.

As of 2016, Asia Pacific is the most promising market for Magnesium Sulphate which had acquired largest market shares. Growth in this region is supported by countrywide growth in respective industries, along with economic reforms across the emerging economies including China, India, and Japan. India has a presence of huge agriculture base which contributes 13.7% of the country's GDP along with annual growth of 8.89%. In 2017, Indian agriculture industry estimated at USD 1.6 billion and expected to surpass USD 2 billion by 2023. As fertilizer consumption is increasing to achieve higher yield, as a result consumption of Magnesium Sulphate is also increasing in the country. India to provide several growth prospects for Magnesium Sulphate, specifically in agriculture industry. Furthermore, the main reason for Asia Pacific growth is the increasing demand for greater quantity of food from countries such as China and India, as a result of increasing population in these countries. China is the leading producer of Magnesium Sulphate, followed by the U.S., and Russia respectively. As per the study published by the Market Research Future, Global Magnesium Sulphate Market is to show moderate growth over the forecast period of 2017-2023.

Magnesium Sulphate Market- Competitive Landscape
Although, Magnesium Sulphate consumption trend is increasing widely, the represented by this market is moderate. Key players in this industry are planning to adopt strategic alliances to collectively absorb the growth of this market. The market consist of large number of Tier 2 as well as Tier 3 companies which have collectively dominated the market by holding considerable market shares. The key players in this market are COMPO GmbH & Co. KG, S. Chemicals LLC, Baymag, QingHai Salt Lake Industry, SDIC Xinjiang Luobupo Potash, Geermuzige. Acquisition of Magpower by K+S group is noted as the key initiatives in the industry and has set the developing demand for magnesium sulphate.

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Industry/ Innovation/ Related News:
January 11, 2017- K+S group acquired Huludao Magpower Fertilizers Co pertaining to fertilizer activities in China. The acquisition will further expand their specialty chemical business at its production site in China. Magpower is one iof the foremost producer of synthetic Magnesium Sulphate, which were using fertilizer for oil palms, soybeans and sugar cane specifically for industrial application. The plant is operated at current capacity of 90,000 tonnes and it will be upgrade to 180,000 tonnes as proposed in acquisition. Moreover, the acquisition will influence the K+S groups' magnesium growth in the coming years.

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