Magnesium Acetate Tetrahydrate Pricing Report

Magnesium Acetate Tetrahydrate Prices December 2023

The price trend for magnesium acetate tetrahydrate in China declined by 0.33% and reached 975 USD/MT (Pharma) during the fourth quarter of 2023. Excess inventories, low demand, and dampening market situations were responsible for declined prices of magnesium acetate tetrahydrate in the country. However, at the end of the fourth quarter 2023, prices of the material increased due to its lowered supply. This situation forced manufacturers to focus on creating a balance between profit margins and increasing production costs.

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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends 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 shape the industry landscape.

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 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 price trends. 

Global Magnesium Acetate Tetrahydrate Price

The report offers a holistic view of the global magnesium acetate tetrahydrate pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Magnesium Acetate Tetrahydrate Price

The European region experienced a consistent downward trend for magnesium acetate tetrahydrate prices during the fourth quarter of 2023. The excessive stockpiling by manufacturers and local suppliers was one of the factors that negatively impacted the prices of magnesium acetate tetrahydrate. The decreased demand for domestic and international markets created a situation of oversupply, ultimately reducing the price of the material in the region.

This analysis can be extended to include detailed magnesium acetate tetrahydrate price information for a comprehensive list of countries.

North America Magnesium Acetate Tetrahydrate Price

In North America, the magnesium acetate tetrahydrate market witnessed a bearish trend throughout the fourth quarter of 2023. This can be attributed to the low demand from upstream industries and reduced import prospects that exerted pressure on existing inventories. The North American region is a significant importer of magnesium acetate tetrahydrate and adjusted prices helped in staying competitive in the market.

Specific data on magnesium acetate tetrahydrate prices within the United States and Canada can also be provided.

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.

Asia Pacific Magnesium Acetate Tetrahydrate Price

During the fourth quarter of 2023, the prices of magnesium acetate tetrahydrate in the Asia Pacific region were influenced by several factors. Firstly, manufactures have ample stock to meet demand, which resulted in moderate to high supply of the material. However, the overall prices of magnesium acetate tetrahydrate declined low demand from upstream industries and slow economic growth in the region.

This analysis can be further extended to include detailed magnesium acetate tetrahydrate prices for a comprehensive list of countries within the region.

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.

Report Coverage

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 volatility, 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, ensuring they remain at the forefront of the magnesium acetate tetrahydrate industry.