According to a market report by Lucintel, the future of the magnesium oxysulfate market looks promising with opportunities in the construction, pharmaceutical, agriculture, and others industries. The global magnesium oxysulfate market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are increasing demand for magnesium oxysulfate in cement industries and growing demand of chemicals with good binding properties.
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In this market, magnesium oxysulfate are used in cement, fiber, and other applications. Cement will remain the largest end use industry over the forecast period due to the increasing demand of magnesium sulfate cement as it offers superior compressive and transverse strengths to Portland cement.
Asia Pacific will remain the largest region the forecast period due to growth in construction and agriculture industries
PQ Corporation, UMAI CHEMICAL, Laizhou Guangcheng Chemical, Laizhou Zhongda Chemical, Giles, Balaji, China Nafine Group International, Laizhou City Laiyu Chemical, and Weifang Guomei Chemical are among the major magnesium oxysulfate manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global magnesium oxysulfate market by purity, end use industry, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Magnesium Oxysulfate Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global magnesium oxysulfate market by purity, end use industry, application, and region as follows:
By Purity [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Purity < 95%
Purity > 95%
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Pharmaceutical
Agriculture
Construction
Others
By Application [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
By Region [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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