Magnesium sulfate or MgSO4 is a
chemical compound which contains sulfur, magnesium, and oxygen. It occurs
naturally in seawater, mineral springs as well as in minerals for instance
kieserite and epsomite. It is commercially available in numerous types,
including monohydrate, heptahydrate, anhydrous, or dried. It
works by replacing magnesium in the body and growing water in the intestines.
It is used orally as a laxative to relieve infrequent constipation, and to
treat low levels of magnesium, also known as Epsom salt.
Magnesium sulfate is a vital nutrient
for plant growth thus it improves food quality. Magnesium (Mg) plays an
essential role in chlorophyll formation & photosynthesis. It influences many
metallic processes & reactions for instance photophosphorylation, protein
synthesis, photosynthetic carbon dioxide (CO2) fixation, generation of reactive
oxygen species, partitioning & utilization of photo-assimilates, and
photooxidation in leaf tissues. These processes & reactions are important
in the growth stage of the plants and to gain high yields. With the rising food
demand globally owing to increase in population, the need for increasing the
yield is expected to drive the demand for magnesium sulfate in the production
of fertilizers.
The
key benefits are included relieves pain & muscle cramps, eases stress &
relaxes the body, helps prevent hardening of arteries & blood clots, helps muscles
& nerves function properly, relieves constipation and makes insulin more
effective. Apart from benefits, some of the side effects are included facial
flushing, feeling of warmth, hypotension, confusion, sweating, intense thirst
and diminished reflexes.
According
to study, “World Manganese
Sulphate Market Research Report 2024(covering USA, EU, China, South East Asia,
Japan and etc)” the key companies operating in the world manganese
sulphate market are ERACHEM Comilog, JostChemical, OlmixGroup, Mesa Minerals,
Parshva Chemicals, AGN Group, TMC, Compania de Minas Buenaventura, BalajiIndustries,
CITIC Dameng Mining Industries, Carus Group, Qingyunshang Mn Industry, Lantian Chemical,
Guangxi Yuanchen Manganese Industry, Hunan Huitong Science & Technology,
HaolinChemical, RechChemical, Changsha Jinzhou Chemicals, Guangxi Detian
Chemical Cycle, Hunan Yueyang Sanxiang Chemical, DaHua Chemical.
Based
on type, manganese sulphate market
is segmented into heptahydrate (Epsom salt), monohydrate and anhydrous. Based
on product type, market is segmented into feed grade and industrial grade. Based
on form, market is segmented into powder, crystal and granules. Based on
application, market is segmented into remove splinters, soothe sprains &
bruises, dislodge blackheads, remove hairspray & foot odor, exfoliating
face cleanser, exfoliate dead skin, and soothe sprains & bruises, hair
volumizer, as a hand wash and insecticide spray. In addition, based on end-use, market is
segmented into fertilizer, food additive, medical, chemical, industrial and
others.
The
manganese sulphate market is driven by rise in use of magnesium sulfate in
medical applications for the treatment of pre-eclampsia, followed by high
demand from agricultural industry. However, adverse
effects associated with the use of magnesium sulfate-based drugs may impact the
market. Moreover, growth in popularity of magnesium sulfate in the personal
care industry is a key opportunity for market.
Based
on geography, China country holds major share, followed by EU in manganese
sulphate market owing to rise in healthcare spending on the part of the
government and growth in demand for magnesium sulfate for producing fertilizers
in the major economies of country. The USA country is expected to witness
higher growth rate due to increase in adoption from personal care & cosmetics
industry for the formulation of various personal care essentials such as hair
products, sun-tan products, skin care products, and skin fresheners is
anticipated to boost the growth of the market over the forecast period. The market
is projected to register a healthy CAGR of 5.50% to reach US $1,334.6 million
by the end of 2024.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
