Magnesium Chloride Hexahydrate Flakes Market is Anticipated to Record a Valuation of US$ 262 Million by 2028, Recent Study by The Market Reports

Magnesium chloride hexahydrate is Small white flakes with formula (MgCl2.6H2O), which has the property of colorless and easy deliquescence.

It has been widely used in metallurgy, chemical industry, building materials, food and transportation industry. This report studies the magnesium chloride hexahydrate flakes market.

Global Magnesium Chloride Hexahydrate Flakes key players include Compass Minerals, Xiangjiang, Huitai Group, Changsheng, etc. Global top four manufacturers hold a share about 30%.

Asia Pacific is the largest market, with a share about 70%, followed by North America and Europe, both have a share over 25 percent.

In terms of product, Industry Grade is the largest segment, with a share about 90%. And in terms of application, the largest application is Building Materials Industry, followed by Metallurgical Industry, Chemical Industry, Antifreeze Industry, Food Industry, etc.

The global Magnesium Chloride Hexahydrate Flakes market was valued at US$ 230 million in 2020 and it is expected to reach US$ 262 million by the end of 2027, growing at a CAGR of 1.9% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Food Grade
  • Industry Grade

Segment by Application

  • Metallurgical Industry
  • Chemical Industry
  • Building Materials Industry
  • Antifreeze Industry
  • Food Industry
  • Others

By Company

  • Compass Minerals
  • Dead Sea Works
  • Nedmag
  • Alkim
  • Tinco
  • Riddhi Siddhi Magnesia Works
  • Xiangjiang
  • Huitai Group
  • Changsheng
  • Dongyuan Lianhai
  • Hongyuan Chemical
  • Xinhai Decing Products
  • Chenlong
  • Songchuan
  • Ruentai Chemical
  • Qinghai Iron Source Magnesium

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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