Industrial Grade Magnesium Chloride, Global Top Ten Players Rank and Total Market Size Forecast 2023 (Internet Services - Other Internet Services)
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Industrial Grade Magnesium Chloride, Global Top Ten Players Rank and Total Market Size Forecast 2023 | |
According to the new market research report “Global Industrial Grade Magnesium Chloride Market Report 2023-2029”, published by QYResearch, the global Industrial Grade Magnesium Chloride market size is projected to grow from USD 327.9 million in 2023 to USD 395.5 million by 2029, at a CAGR of 3.2% during the forecast period. The global key manufacturers of 'Industrial Grade Magnesium Chloride include Dead Sea Works, Compass Minerals, Shouguang Haixu Chemical, etc. In 2022, the global top five players had a share approximately 28.5 % in terms of revenue.In terms of product type, Magnesium Chloride Hexahydrate is the largest segment; hold a share of 52.5%, In terms of product application, Metallurgy is the largest application, hold a share of 35.7%. This data represents the market value in million USD for different regions over a twelve-year period from 2018 to 2029. Several observations can be made. China consistently has the highest market value throughout the period, with steady growth from 109 million USD in 2018 to 182 million USD in 2029. Europe also experiences growth, although at a slower rate compared to China, ending at 59 million USD in 2029. The US & Canada region shows significant growth, nearly doubling its market value from 51 million USD in 2018 to 81 million USD in 2029. Asia (excluding China) demonstrates steady growth, increasing from 35 million USD in 2018 to 62 million USD in 2029. The Middle East, Africa, and Latin America collectively maintain a relatively stable market value, with modest growth over the years. These trends highlight varying market dynamics and growth rates across different regions, with China and the US & Canada regions showing substantial market expansion over the period. About The Authors Yang Min - Lead Author Email: yangmin@qyresearch.com Yang Min is a market senior analyst specializing in chemical materials. Yangmin has 8 years’ experience in chemical materials market analysis, and focuses on chemical materials and API. He engaged in the development of technology and market reports and is also involved in custom projects. About QYResearch QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future. QYResearch has been a reliable source for end-to-end market research needs of businesses. The report coverage at QYResearch is massive and unlocks an access to hundreds of key industry verticals and thousands of micro markets. When it comes to ready-to-purchase research, our clients can select from a huge repository. Custom research and pre-booked reports have also been the popular offerings of QYResearch. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com  | |
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2024-04-30 (0.222 sec)