Global Anhydrous Magnesium Chloride Sales Data & Market Report 2020 and Forecast 2021-2026

                                          
A recently concluded research by Trusted Business Insights titled Global Anhydrous Magnesium Chloride Sales Market Report 2020 will enable in acquiring a holistic view of the overall market scenario and its most lucrative sectors. The research report provides quality data in a business and management reporting format. It examines the historic accomplishments and recent opportunities present in the global Anhydrous Magnesium Chloride market. Trusted Business Insights report focuses on the consumption, geography, by type, by application, and the competitive landscape. This report splits the data for each region to analyze the leading companies, applications, and product types.

Trusted Business Insights aims to provide a complete knowledgeable report so that the readers will benefit from it. The report is properly examined and compiled by industry experts and will shed light on the key information that requires from the clients.

Report Overview: Anhydrous Magnesium Chloride Market

Product Overview Anhydrous Magnesium Chloride

Magnesium chloride is the name for the chemical compound with the formula MgCl2 and its various hydrates MgCl2(H2O)x. Anhydrous MgCl2 contains 25.5% elemental magnesium by mass. Anhydrous magnesium chloride is the principal precursor to magnesium metal, which is produced on a large scale. This report mainly covers the magnesium chloride anhydrous 98%.
The growth rate witnessed by the Anhydrous Magnesium Chloride Grade segment is attributed to the elevating demand for anhydrous magnesium chloride in the construction and automotive sectors, which contributes to the growth rate witnessed by this segment. The rising demand for light-weight vehicles, expansion of the construction sector, and its applicability in metal processing also contributing to the growth rate witnessed by this segment.

Magnesium chloride is an inorganic salt and is used as a de-icer, adhesive for fireproof materials, agricultural fertilizer, and the manufacturing of various types of building materials. It has also proven extremely effective in wastewater management when joined by calcium hydroxide and magnesium hydroxide. Magnesium chloride is able to remove heavy metals from wastewater through precipitation. It accomplishes this by increasing the potential of hydrogen (ph) of the wastewater to a level where the metals precipitate as hydroxides. Magnesium chloride is able to remove most heavy metals with the exception of cadmium and nickel.
Wastewater from industries is a major source of environmental pollution. Discharge from these industries have very complex characteristics including distinct colors due to the presence of residual dyes. Direct discharge into open land or water bodies is undesirable because the decomposition of dyes leads to the production of carcinogenic compounds. Such dyes are known to persist in the environment over a long period of time, reducing the aesthetic quality of the wastewater which can potentially hinder sunlight penetration and in turn affect the process of photosynthesis.

Magnesium chloride has applications in textile manufacture, thread lubricant, and a filling in cotton and wool fabrics. They are also used as weighting fluid, refrigerating brine, and a cooling solution for drilling tools.

Hydrogen is touted to be the energy resource of the future. Magnesium chloride has shown promise as a storage material for hydrogen. Ammonia, which is rich in hydrogen atoms, is used as an intermediate storage material. Ammonia can be effectively absorbed onto solid magnesium chloride, forming Mg(NH3)6Cl2. Ammonia is released by mild heat and is then passed through a catalyst to give hydrogen gas.

Anhydrous Magnesium Chloride can be subdivided into different types, and different players have different product types. In addition, there are differences in the focus and main development products of many players. The Magnesium Chloride Powder segment accounted for the largest market share of 73.78% in 2020, with a market value of USD 24.06 million; it is expected to register a CAGR of 1.82% (21-27) during the forecast period. The Magnesium Chloride Flakes segment was the second-largest market in 2020, valued at USD 4.68 million; it is projected to exhibit a CAGR of 1.16% (21-27).

Asia Pacific region accounted for the largest market share of 82.54% in 2020, with a market value of USD 26.91 million; the market is expected to register a CAGR of 1.63% (21-27) during the forecast period. North America region was the second-largest market in 2020, valued at USD 2.81 million; the market is projected to exhibit a CAGR of 1.14% (21-27). The market in Asia Pacific region is expected to register the highest CAGR of 1.63% (21-27).

The global Anhydrous Magnesium Chloride market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Anhydrous Magnesium Chloride market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Geographical Analysis: Anhydrous Magnesium Chloride Market

Based on region, the global Anhydrous Magnesium Chloride market is segmented into North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). Research analysts have studied government initiatives, changing the political environment, and social scenarios that are likely to contribute to the growth of the regional markets.

Key Players: Anhydrous Magnesium Chloride Market

The major players that are operating in the global Anhydrous Magnesium Chloride market are

 	
Skyline Chemical
 	
Muby Chemicals
 	
Anron Chemicals
 	
Shenzhou Chemical
 	
Huacheng Magnesium
 	
Longfei
 	
Haixu Chemical
 	
SATA
 	
Xinda Metal Material
 	
Weifang Xinfei Chemical
 	
Weifang Haizhiyuan Chemistry
 	
Xinda Metal Material
 	
Muby Chemicals
 	
Cre Chem
 	
Liaoning Yangchenhongyu Metallurgical Materials

Liaoning Yangchenhongyu Metallurgical Materials dominated the Anhydrous Magnesium Chloride Market with a 20% market share in 2020.

Segment by Type Anhydrous Magnesium Chloride Market

 	
Granules 98%
 	
Flakes 98%
 	
Powder 98%
 	
Others

Segment by Application Anhydrous Magnesium Chloride Market

 	
Industrial
 	
Building Materials
 	
Snow melting agent
 	
Food Industry
 	
Medicine
 	
Others

Competitive Landscape:

Factors such as cost analysis, marketing strategy, factor analysis, distributors, sourcing strategy, and industrial chain are all parts of the global Anhydrous Magnesium Chloride market. The report also includes the analysis of the return on investment (ROI) feasibility with the estimated SWOT analysis.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Anhydrous Magnesium Chloride market.
• The market share of the global Anhydrous Magnesium Chloride market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Anhydrous Magnesium Chloride market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Anhydrous Magnesium Chloride market.

This research comprehensively answers the following 9 important questions:

 	
Q.1. What are some of the most promising growth trends in the Anhydrous Magnesium Chloride market worldwide?
 	
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
 	
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
 	
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in the Anhydrous Magnesium Chloride market?
 	
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Anhydrous Magnesium Chloride market?
 	
Q.6.What are the emerging trends post COVID-19 reshuffle in this Anhydrous Magnesium Chloride market and the what are reasons behind these trends and do they translate in global exploration?
 	
Q.7. Who are the major global and regional players in the Anhydrous Magnesium Chloride market? Which are the strategic initiatives key players are pursuing for business growth?
 	
Q.8.Which are the competing products in the Anhydrous Magnesium Chloride market and how big of a threat do they pose for loss of market share by material or product substitution?
 	
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Anhydrous Magnesium Chloride industry?