Magnesium Carbonate Market Size, Share & Industry Analysis, By Product (Heavy Magnesium Carbonate, Light Magnesium Carbonate), By End-Use (Pharmaceuticals, Rubber, Plastic, Chemical, Personal Care & Cosmetics, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103005 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Magnesium carbonate (MgCO₃), is a white, inorganic salt also known as dolomite. Magnesium carbonate is obtained from magnesite ore. It is insoluble in water and any inorganic solvent. Magnesium carbonate is used in flooring, fire extinguishing, cosmetics, pharmaceuticals, personal care products, as filler, smoke suppressant, reinforcing agent and other. Moreover, it is also used as a food additive and drying agent.

Rise in spending on lifestyle attributed to the rise in disposable income is boosting the demand for cosmetics, personal care products further boosting the magnesium carbonate market. Additionally, adoption of magnesium carbonate in various end-use industries like plastic, rubber, automotive, aerospace, and pharmaceuticals is expected to drive the market potentially. It is used as antacid and filler in other tablets. Additionally, it is used as primary raw material for production of magnesium oxide and other derivatives.

Key Market Driver -

Increasing use of magnesium carbonate in cosmetic industry.

Key Market Restraint -

Side effects due to excess consumption of MgCO3 .

However, side effect on the gastrointestinal functioning due to the excess consumption of magnesium is likely to hamper the market growth which causes acute diarrhoea and flatulence.

Market Segmentation:

Based on product, the market is segmented into light and heavy magnesium carbonate. Based on end-use, the market is segmented into pharmaceuticals, rubber, plastic, chemicals, personal care & cosmetics, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global bioresorbable polymers market is competitive, with a number of global & regional players operating. Some of the key players in the material market includes Lhoist Group, Graymont Ltd, Shinko Kogyo, Speciality Minerals Inc., Omya Group, SCR- Sibelco N.V., and Others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Magnesium Carbonate Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the dominating region for the market as India is the major player in the magnesium carbonate market. Additionally, the high number of ores found is China, growth in glass, ceramic steel, cement, and paper industries is expected to drive the regional market. North america is expected to the second dominant region accredited to the extensive R&D in the pharmaceutical sector. Europe is expected to show significant growth due to the rapid industrialization in the European countries. Latin America & Middle East & Africa is expected to show sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTE	DETAILS
By Product	Heavy Magnesium Carbonate Light Magnesium Carbonate
By End-Use	Pharmaceuticals Rubber Plastic Chemical Personal Care & Cosmetics Others
By Geography	North America (U.S., and Canada) Europe (UK, Germany, France, Italy, and Rest of Europe) Asia Pacific (Japan, China, India, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (South Africa, and Rest of Middle East & Africa)

Magnesium Carbonate Industry Developments

Omya develops and offers magnesium carbonate and calcium carbonate with high purity and a wide range of particle sizes for liming applications catering in the European country.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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