Magnesium Phosphate Market To Experience A Hike in Growth Global Industry Size, Growth, Segments, Revenue, Manufacturers 2020-2026

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Japan, Japan, Sat, 26 Dec 2020 06:51:08 / Comserve Inc. / — The global magnesium phosphate market was over $1,228.4 million in 2018 The market is expected to reach $1,720.4 million by 2026, registering a CAGR of 4.3% from 2019-2026.

The global magnesium phosphate market was over $1,228.4 million in 2018 The market is expected to reach $1,720.4 million by 2026, registering a CAGR of 4.3% from 2019-2026.

Magnesium Phosphate is a common name of magnesium and phosphate salts, it contains different percentage of magnesium ions and phosphate ions. These phosphates can be found in minerals. These salts are chemically stable, crystalline powder, toughness, odorless, high strength, white color, partially dissolve in water and unsolvable in alcohols which has end users. The end-use of the magnesium phosphate are food & beverages, pharmaceuticals, animal feed, fertilizer, water treatment and others.

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Market Drivers:
Growing utilization from different applications and increasing focus on consumption are some of the magnesium phosphate market drivers. Increasing the focus of various governments on food safety and a healthy lifestyle is creating awareness among the people regarding the benefits of magnesium phosphate intake, and this will further promote the growth of the magnesium phosphate market. Increasing demand for fertilizer across the globe is generating an important scope for the development of this market.

Market Restraints:
This market is restrained by raw material availability along with the growing demand for products. Moreover, overdose of magnesium phosphate in food may cause stomach upset, respiratory issues and lethargy will also act as a significant restraint to the market growth.

Market Opportunities:
Growing government concerns about wastewater treatment in the manufacturing sector will provide significant growth opportunities for the magnesium phosphate industry growth. The combination of Ammonia with Magnesium Phosphate is used in the nitrification and denitrification process to maintain the concentration of NH4N and PO4P ions, which is used in wastewater treatment to treat industrial effluents, this will further enhance the growth of the market.

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Magnesium Phosphate Market, by Product Type
Di-magnesium phosphate segment is predicted to be most lucrative till the end of 2026

Source: Research Analysis

The global magnesium phosphate market is segmented based on product type and end-use. Based on product type, the market is categorized into mono-magnesium phosphate, di-magnesium phosphate and tri-magnesium phosphate. The di-magnesium phosphate higher demand than other magnesium phosphate, owing to higher demand from food & beverage industry. Di-magnesium phosphate is registered highest revenue of $602.3 million in 2018, and it is anticipated to reach $876.0 million during forecast period. Owing to increasing demands from food & beverage industry as a food additive.

Magnesium Phosphate Market, by End-Use
Food & Beverage segment is will grow at a CAGR of 4.1% during the projected period

Source: Research Analysis
Based on end-use, the global magnesium phosphate market for food & beverage has been projected to reach 456.6 million during the forecast period, raising from $331.0 million by the end of 2018, owing to the increase in demand for food additives. Magnesium phosphate demand for fertilizers is expected to see a significant increase over the forecast period, due to a growing need to preserve magnesium phosphate content in the soil. Magnesium phosphate also helps to maintain the cell structure of plants to increase the capture ability of sunlight and thus enhance the photosynthesis. Along with fertilizer, rising demands from food & beverage industry as an anticaking agent in the bakery area creating a significant growth of market.

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Magnesium Phosphate Market, by Region:
Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years

North America magnesium phosphate market is witness growth and projected to reach $234.6 million by forecast period. The market in North America is dominated by bio-medical sector and it is anticipated to continue its dominance during upcoming years. Increasing calcium deficiency among the elderly is having a major impact on the growth of the magnesium phosphate market in North America over the past few years. Calgum is produced by a mixture of magnesium phosphate and calcium, a main drug for the treatment of calcium deficiency. Furthermore, recent developments in magnesium phosphate market, R&D activities would help to increase magnesium phosphate market size over the coming years.

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Asia Pacific dominated the global market and registered for a magnesium phosphate market share over 40% in 2018, producing a revenue of 785.5 million by end of 2026. Significant agricultural dependent countries presence in this region, for example China and India, will increase the need for magnesium phosphate, as phosphate fertilizers will be in high demand. Increasing populace in India and China is increase food & beverage requirement will drive the growth of the market in Asia-Pacific. Increasing requirements from biomedical & pharmaceutical sectors will further enhance the magnesium phosphate market size in Asia-Pacific.
Key participants in Global Magnesium Phosphate Market:
Product development and joint ventures are the most common strategies followed by the market players

Source: Research Dive Analysis
The global magnesium phosphate market players are Jost Chemicals, American Elements, Anmol Chemicals Group, Celtic Chemicals, Hap Seng, Hindustan Phosphate, Innophos Holdings, Manus Aktteva Biopharma, The Mosaic Company and Nikunj Chemicals.
These manufactures are implementing new strategies to improve product quality, performance. For instance, in October 2019, Jost Chemicals, introduced a new product “Magnesium Phosphate Tribasic Pentahydrate USP Powder”, to capture highest market share.

Aspect Particulars
Historical Market Estimations 2016-2018
Base Year for Market Estimation 2018
Forecast timeline for Market Projection 2019-2026
Geographical Scope North America, Europe, Asia-Pacific, LAMEA
Segmentation by Product Type ? Mono-magnesium Phosphate
? Di-magnesium Phosphate
? Tri-magnesium Phosphate
Segmentation by End-Use ? Food & Beverages
? Pharmaceuticals
? Animal Feed
? Fertilizers
? Drinking Water Treatment
? Others
Key Countries covered U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia
Key Companies Profiled ? Nikunj Chemicals
? Hindustan Phosphate
? Anmol Chemicals Group,
? Celtic Chemicals
? American Elements
? Innophos Holdings
? Manus Aktteva Biopharma
? Jost Chemicals
? The Mosaic Company
? Hap Seng

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The post Magnesium Phosphate Market To Experience A Hike in Growth Global Industry Size, Growth, Segments, Revenue, Manufacturers 2020-2026 appeared first on Comserveonline.


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The MarketWatch News Department was not involved in the creation of this content.