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Magnesium Acetate Tetrahydrate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22545
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Magnesium Acetate Tetrahydrate Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Magnesium Acetate Tetrahydrate | Specialty Chemical | China | 975 USD/MT (Pharma) |
The price trend for magnesium acetate tetrahydrate in China for Q4 2023, reached 975 USD/MT (pharma) in December. The market saw a steady reduction in prices, influenced by low demand and an oversupply situation. A slow economy and decreased manufacturing activity further impacted the market, causing a drop in demand from downstream industries. Despite an initial decline, prices slightly recovered towards the end of the quarter due to tighter supplies and expectations of higher demand ahead of major holidays.
Magnesium Acetate Tetrahydrate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Magnesium Acetate Tetrahydrate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of magnesium acetate tetrahydrate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of magnesium acetate tetrahydrate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of magnesium acetate tetrahydrate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing magnesium acetate tetrahydrate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Magnesium Acetate Tetrahydrate Market Analysis
The global magnesium acetate tetrahydrate market size reached 558.2 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 794.5 Thousand Tons, at a projected CAGR of 4.00% during 2023-2032.
- The wide utilization of magnesium acetate tetrahydrate chemical synthesis highlights its importance as a catalyst in the chemical industry. It plays a crucial role in manufacturing polyester films and as a source of magnesium in several chemical reactions.
- People are preferring environment friendly deicing agents for roads and runways in colder regions, thereby catalyzing the demand for magnesium acetate tetrahydrate. Traditional deicing agents are harmful and corrosive for the environment, on the other hand, magnesium acetate tetrahydrate can effectively lower the freezing point of water to prevent the formation of ice without affecting the environment.
- According to the IMARC Group’s report, the global food additives market reached US$ 59.7 Billion in 2023 and it is expected to reach US$ 92.7 Billion by 2032. The rising employment of magnesium acetate tetrahydrate as a food additive, where it is essential as an acidity regulator and preservative is offering lucrative growth opportunities to industry investors.
- As per The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) report 2022, 53 new medicines were launched in 2020, while 9000 compounds were at different levels of development in 2022 around the world. Magnesium acetate tetrahydrate plays a critical role as an electrolyte replenisher and a nutrient in dietary supplements.
- The magnesium acetate tetrahydrate demand is further propelled by stricter regulations by governing agencies of several countries that are encouraging industries to adopt eco-friendly substances.
- The production of magnesium acetate tetrahydrate experienced an upward trajectory due to ongoing innovations to introduce new applications and properties of magnesium acetate tetrahydrate that can expand its market worldwide.
- Magnesium acetate tetrahydrate is gaining traction on account of the easy availability of raw materials required to manufacture this compound, along with the strong network of supply chains across the globe.
- The preference for natural and safer ingredients in the cosmetic and personal care industry is driving the demand for magnesium acetate tetrahydrate as people are looking for the alternative of synthetic ingredients.
Magnesium Acetate Tetrahydrate News
The report covers the latest developments, updates, and trends impacting the global magnesium acetate tetrahydrate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in magnesium acetate tetrahydrate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the magnesium acetate tetrahydrate price trend.
Latest developments in the magnesium acetate tetrahydrate industry:
- In 2022, Merck KGaA acquired Exelead for almost USD 780 million to become one of the leading CDMO players in mRNA vaccines and therapeutics.
- In 2024, Thermo Fisher Scientific announced the inauguration of its new facility in Jakarta, Indonesia to work in key field areas, such as healthcare, food safety, and biopharma.
Product Description
Magnesium acetate tetrahydrate is a white crystal or flake like chemical, which is highly soluble in water. Structurally, it comprises magnesium acetate with four molecules of water, making it highly beneficial for various industrial applications. It is known as an effective catalyst for synthesizing various chemicals and facilitating organic reactions.
Beyond its role in the chemical industry, this chemical is highly valuable for manufacturing leather, textiles, and photographic films, where it acts as an additive or stabilizer. Its utilization as a deicing agent compared to traditional deicing materials, such as sodium chloride or calcium chloride, due to its eco-friendliness and less corrosive nature to metal surfaces, underscores its versatility in various applications.
Its low toxicity and biodegradability make it an essential component for industries looking to reduce their environmental footprint and align with sustainability goals.
Regional Coverage
The report provides a detailed analysis of the magnesium acetate tetrahydrate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the magnesium acetate tetrahydrate price trend.
Global Magnesium Acetate Tetrahydrate Price
The report offers a holistic view of the global magnesium acetate tetrahydrate pricing trends in the form of magnesium acetate tetrahydrate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into magnesium acetate tetrahydrate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into magnesium acetate tetrahydrate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed magnesium acetate tetrahydrate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Magnesium Acetate Tetrahydrate Price
The European market witnessed a series of price adjustments in the last quarter of 2023, with a general downward movement. Factors such as excessive inventory levels among local producers and low demand from downstream industries put pressure on prices. The region's status as a notable importer, coupled with reduced global demand, necessitated competitive price adjustments. Reduced freight rates led to a consolidated market state. Despite a persistent decline for most of the quarter, prices experienced a rebound. This increase was because of renewed demand, encouraging producers to scale up production. Nevertheless, the resulting higher production costs combined with increased demand pushed prices higher.
This analysis can be extended to include detailed magnesium acetate tetrahydrate price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Magnesium Acetate Tetrahydrate Price
During Q4 2023, the market in the USA experienced notable price changes, generally following a downward trend. This was mainly due to a high level of stockpiling by local producers and suppliers, combined with low demand in downstream sectors and decreased import opportunities. An oversupply condition led to price cuts to stay competitive in the export market. The reduced freight costs led to a stable yet subdued market environment. By December, although prices initially declined steadily, there was a considerable increase towards the end of the quarter because of rise in demand. Manufacturers, responding to this rising demand, expanded production, which, along with higher production costs, led to an increase in commodity costs.
Specific magnesium acetate tetrahydrate historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Magnesium Acetate Tetrahydrate Price
The report explores the magnesium acetate tetrahydrate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on magnesium acetate tetrahydrate prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Magnesium Acetate Tetrahydrate Price
In the Asia Pacific, the market faced pricing adjustments in late 2023 due to several influencing components. While there was a sufficient supply initially, demand remained low, driven by economic sluggishness and less interest from downstream sectors. The manufacturing slowdown in China, the region's key player, further strained need, leading to a price drop. However, prices saw a slight rise later in the quarter as supply tightened. Manufacturers found themselves balancing between maintaining profits and managing increased manufacturing costs. The expectations of rising international requirement, particularly prior to important celebrations, resulted in concerns about temporary shortages, shipping delays, and increased costs, which could impact future pricing dynamics.
This magnesium acetate tetrahydrate price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Magnesium Acetate Tetrahydrate Price
The analysis of magnesium acetate tetrahydrate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Magnesium Acetate Tetrahydrate |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Magnesium Acetate Tetrahydrate Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of magnesium acetate tetrahydrate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting magnesium acetate tetrahydrate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The magnesium acetate tetrahydrate price charts ensure our clients remain at the forefront of the industry.
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