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  • Global Magnesium Carbonate Market Projected to Reach US$72.94 mn by 2026, Predicts QY Research

In a new research report, titled, “Global Magnesium Carbonate Market Insights, Forecast to 2026”, QY Research has put a forth detailed analysis with a holistic, unbiased approach. The report includes key trends, drivers, restraints, and opportunities that will impact the growth of magnesium carbonate market. This study provides 3600 analysis, which provides insights that helps investors in identifying opportunities as well as challenges. The report tracks key regions and provides detailed segmentation along with competitive landscape analysis and key recommendations to top players on winning strategies.

As per the analysts of QY Research, the global magnesium carbonate market is expected to grow at a sluggish growth rate throughout the forecast period and will register a CAGR of 3.26% by 2026. The market is anticipated to be worth US$72.94 mn by 2026 from US$60.19 mn in 2018. 

Global Magnesium Carbonate Market: Drivers

The global market for magnesium carbonate will witness significant growth due to the growing adoption of magnesium carbonate across several industries. Several new materials have been identified and developed to meet the ever-increasing demand from the market. Factors such as rising adoption of magnesium carbonate in food-grade industry and pharmaceutical industry, growing research and development activities for developing innovative products, and increasing demand for magnesium carbonate in smoke suppressants and flame retardants are likely to contribute the growth of the market over the forecast period.

Global Magnesium Carbonate Market: Segment Analysis

The global market for magnesium carbonate is segmented into applications and product type. The application segment includes food & beverages, pharmaceuticals, paints & inks, pulp & paper industry, plastic & rubber industry, personal care & cosmetics, and others. Personal care and cosmetics segment is significantly contributing to the growth of the magnesium carbonate market due to the growing disposable income of the consumers. The product type segment includes heavy magnesium carbonate and light magnesium carbonate. 

Global Magnesium Carbonate Market: Geographical Outlook

Asia Pacific will dominate the market for magnesium carbonate due growing industries such as steel industry, pharmaceutical industry, paper & pulp industry, and paint and ink industry in emerging economies such as India and China. North America and Europe are also expected to contribute to the growth of the magnesium carbonate market due to increasing demand for magnesium carbonate in the food & beverage industry and pharmaceutical industries.

Global Magnesium Carbonate Market: Key Players

Dandong Yulong, Naikai Salt Industries Co. LTD, Meishen, Konoshima Chemical, Yixing Lark Fine Chemical, SCORA S.A.S, Liaoning Xinghai Pharmaceutical, Rahul Magnesia Pvt. Ltd., Xingtai Messi, Bakhtawar Industries, Zehui Chemical, Yingkou Magnesite Chemical, and Hebei Gaolin are the major players that are operating in the global magnesium carbonate market.

Global Magnesium Carbonate Market: Competitive Landscape

The competitive landscape shows the strategies adopted by the top players such as their growth strategies, product portfolio, innovative products, and mergers and acquisitions so that it becomes easier to track the market once the players piloting the market in order to achieve growth and stability. The report also includes their company profile, which is analyzed with SWOT and Porter’s Five Force model to map their trajectories.

Full Report Overview@ https://www.qyresearch.com/index/detail/1227490/global-magnesium-carbonate-market

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