Fact.MR has announced the addition of the “ Magnesium Nitrate Hexahydrate Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.
Pune, Maharashtra -- (SBWIRE) -- 02/13/2019 -- Fact.MR has recently published a study that prognosticates the magnesium nitrate hexahydrate market to showcase a modest rise during the forecast period (2018-2028). The study has envisioned the synthetic process used for manufacturing of magnesium nitrate hexahydrate to account for significantly larger market share than the nitromagnesite process. However, revenues from nitromagnesite are set to grow at a comparatively higher rate through 2028.
Magnesium Nitrate Hexahydrate Market: High Adoption as Additives, Trailed by Use in Explosives Manufacturing
Magnesium nitrate hexahydrate seeks extensive employment as soil additives, food & feed additives and specialty chemical additives, in light of its effective functionalities including solubilizing and oxidizing. Leading stakeholders in the magnesium nitrate hexahydrate market have gained prominence in processing & supplying this high-in-demand chemical. The property of magnesium nitrate hexahydrate to build chlorophyll in trees and plants has significantly led its adoption as an effective soil additive for promoting the vegetable crop growth.
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Growth of the magnesium nitrate hexahydrate market will be led by adoption of the chemical as additives, followed by its robust employment in manufacturing explosives. Widely demanded for use in combination with other magnesium salts, magnesium nitrate hexahydrate is formulated under strict supervision. Prominent companies in the magnesium nitrate hexahydrate market are offering this increasingly essential chemical at reasonable prices to retain their position in this highly competitive market.
Magnesium nitrate hexahydrate has been capaciously utilized as a catalyst and a dehydrating agent in the production of explosives. With widespread adoption of explosives in the military, construction, and mining industry, coupled with growing mining activities worldwide, growth of the magnesium nitrate hexahydrate market will remain sustained in the near future. Additionally, robust expenditure in the defense sector, which has proliferated the use of explosives, will continue to underpin expansion of the magnesium nitrate hexahydrate market.
Magnesium Nitrate Hexahydrate Market: Rising Adoption in Petrochemical Industry to Pave Lucrative Growth Avenues
Abundant employment of magnesium nitrate hexahydrate as a stabilizer in the petrochemical manufacturing, in light of its preservative effect, is likely to pave remunerative growth avenues for the magnesium nitrate hexahydrate market. The petrochemical industry plays a vital role in a nation's economic development, facilitating supply of fundamental & imperative raw materials to a wide range of industries. Steady growth in the petrochemical industry worldwide, particularly in emerging countries of Asia-Pacific excluding Japan (APEJ), such as China, will continue to fuel adoption of the magnesium nitrate hexahydrate in the upcoming years.
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Favorable thermal properties of magnesium nitrate hexahydrate has led its adoption as a phase change material (PCM), as this quality chemical imparts high heat during fusion. The heat released can further be leveraged as a lucrative source of energy in various industrial sectors. Growth of the magnesium nitrate hexahydrate is likely to be underpinned by use of the chemical as a phase change material in the use of urban waste heat, which emanates from co-generation systems. Additionally, benefits of this chemical in the formulation of biocidal products, plant protection products, processing aids, and fertilizers will further drive expansion of the magnesium nitrate hexahydrate market.
Magnesium Nitrate Hexahydrate Market: Growth Driven by High Demand for Nitrogen Fertilizers
Manufacturing of nitrogen fertilizers involves use of magnesium nitrate hexahydrate, as the compound is a rich source of nitrogen. Growing requirement for nitrogen fertilizers in tandem with the steadily growing agricultural sector will continue to fuel growth of the magnesium nitrate hexahydrate market. The Food and Agricultural Organization (FAO) states that demand for nitrogen fertilizers across the globe has remained significant in recent years, with sales estimated to close in on 119,418,000 tons by 2018-end. Given such robust sales of nitrogen fertilizers, growth of the magnesium nitrate hexahydrate market will continue to surge in the foreseeable future.
Significant benefits of magnesium in the fixation of nitrogen, and controls nutrient uptake in plants, has further translated into robust use of this compound in the fertilizer industry, particularly in nitrogen fertilizer production. As magnesium nitrate hexahydrate is a core source of nitrogen, steady adoption in the fertilizer industry will significantly impact growth of the magnesium nitrate hexahydrate.
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Chapter 1. Executive Summary
1.1. Magnesium Nitrate Hexahydrate Market- Opportunity Assessment
Chapter 2. Global Magnesium Nitrate Hexahydrate Market Overview
2.2. Market Definition
2.3. Scope of the report
2.4. Key Takeaways
2.5. Wheel of Fortune
Chapter 3. Market Dynamics
3.1. Raw Material Sourcing
3.1.1. Magnesite Production ('000 tons)
3.1.2. Top 20 Countries – Magnesite Production
3.1.3. Nitromagnesite Ore Concentration
3.2. Demand for Fertilizer Nutrients
3.2.1. Global nutrients (N+P2O5+K2O) consumption (Mn MT)
3.2.2. Nitrogen Fertilizer Consumption – Regional Shares (Increase/Decrease)
3.3. Investment Feasibility Matrix
3.4. PESTLE Analysis
3.5. Supply Chain
3.6. Cost Structure
3.7. Product Lifecycle
3.8. Forecast Scenario
3.8.1. Forecast Factors
3.9. Porter's Analysis
3.10. Top Growth Performers Leverage M&A More
3.11. Macroeconomic Factors
3.12. Key Market Participants – Intensity Map Analysis
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Chapter 4. Global Magnesium Nitrate Hexahydrate Market Analysis
4.1. Global Magnesium Nitrate Hexahydrate Market Outlook
4.1.1. Market Value, Volume Forecast and Analysis
4.1.2. Price Index and Price Point Assessment
4.1.3. Regional Demand Assessment
18.104.22.168. Market Volume Share by Region
4.2. Global Magnesium Nitrate Hexahydrate Market Analysis by Manufacturing Process
4.2.2. Synthetic Process
4.2.3. Value, Volume and Forecast by Manufacturing Process
4.2.4. Y-o-Y Growth Comparison by Manufacturing Process
4.2.5. Market Attractiveness Analysis by Manufacturing Process
4.3. Global Magnesium Nitrate Hexahydrate Market Analysis by Primary Function
4.3.1. Solubilizing Agent
4.3.2. Dehydrating Agent
4.3.3. Oxidizing Agent
4.3.4. Reducing Agent
4.3.5. Catalyzing Agent
4.3.7. Value, Volume and Forecast by Primary Function
4.3.8. Y-o-Y Growth Comparison by Primary Function
4.3.9. Market Attractiveness Analysis by Primary Function
4.4. Global Magnesium Nitrate Hexahydrate Market Analysis by Application
22.214.171.124. Food & Feed Additives
126.96.36.199. Specialty Chemical Additives
188.8.131.52. Soil Additives
4.4.2. Process Chemicals
4.4.3. Manufacturing Explosives
4.4.4. Catalysts & other Magnesium Salts
4.4.5. Admixtures for Concrete
4.4.7. Process Chemicals
4.4.8. Value, Volume and Forecast by Application
4.4.9. Y-o-Y Growth Comparison by Application
4.4.10. Market Attractiveness Analysis by Application
184.108.40.206. Value, Volume and Forecast by Additives
220.127.116.11. Y-o-Y Growth Comparison by Additives
Chapter 5. North America Magnesium Nitrate Hexahydrate Market Analysis
Chapter 6. Latin America Magnesium Nitrate Hexahydrate Market Analysis
Chapter 7. Europe Magnesium Nitrate Hexahydrate Market Analysis
Chapter 8. Japan Magnesium Nitrate Hexahydrate Market Analysis
Chapter 10. MEA Magnesium Nitrate Hexahydrate Market Analysis
Chapter 11. Competition Analysis
Chapter 12. Company Profiles
12.1. William Blythe Limited
12.2. Ricca Chemical Company, LLC
12.3. GFS Chemicals, Inc.
12.4. Cosmic Chemicals
12.5. Avantor Performance Materials
12.6. BeanTown Chemical Corporation
12.7. Spectrum Chemical Manufacturing Corporation
12.8. Columbus Chemical Industries Inc.
12.9. Other Key Players
Chapter 13. Appendix
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