Magnesium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Magnesium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A22542
Buy Now

Magnesium Chloride Prices December 2023

Product
Category Region Price
Magnesium Chloride Bulk Chemical and Fertilizer USA 575 USD/MT
Magnesium Chloride Bulk Chemical and Fertilizer Netherlands 520 USD/MT


Magnesium chloride prices in the USA plummeted to 575 USD/MT in Q4 2023, owing to feeble demand from industries like textiles and water treatment, a supply-demand imbalance, and poor winter operation rates. Energy costs also contributed to the declining trend. The market encountered issues due to falling prices and oversupply, which were caused by weak demand and seasonal considerations.

Similarly, in the Netherlands, magnesium chloride prices fell in Q4 2023, despite large demand from construction and textile industries. This decline can be accredited to shifting demand for textile and water treatment, and a more balanced supply-demand dynamic. Due to the volatility of energy prices, production costs were also reduced. The magnesium chloride price in the Netherlands was recorded at 520 USD/MT in December.

Magnesium Chloride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Magnesium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of magnesium chloride 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 chloride 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 Chloride Price Trend

Magnesium Chloride Market Analysis

The global magnesium chloride market size reached 1774.3 thousand tonnes in 2023. By 2032, IMARC Group expects the market to reach 2636.8 thousand tonnes, at a projected CAGR of 4.50% during 2023-2032.

  • The increasing demand for magnesium chloride in various industries such as construction, agriculture, and pharmaceuticals is primarily driving the market growth.
  • In line with this, the expanding use of magnesium chloride as a de-icing agent for roads and highways, particularly in regions experiencing harsh winter conditions, is fueling the market growth.
  • The widespread product adoption for the production of magnesium metal, which finds applications in the automotive and aerospace sectors, is acting as another significant growth-inducing factor.
  • Besides this, the growing popularity of magnesium chloride in the healthcare sector for its therapeutic properties, such as its role in wound healing and as a dietary supplement, is contributing to the market expansion.
  • Additionally, the escalating demand for magnesium chloride in water treatment applications, owing to its effectiveness in removing heavy metals and impurities, is bolstering the market growth.
  • The increasing focus on environmental sustainability spurring the demand for magnesium chloride as an alternative to conventional de-icing agents due to its lower environmental impact is creating a positive outlook for market expansion.
  • Concurrent with this, the burgeoning construction industry has heightened the consumption of magnesium chloride for applications such as dust control and soil stabilization, thereby impelling the market growth.
  • The thriving agricultural sector's need for magnesium chloride as a fertilizer supplement to improve soil fertility and crop yield is providing an impetus to the market growth.
  • Moreover, the rising investments in research and development (R&D) activities aimed at enhancing the production processes and developing novel applications for magnesium chloride are presenting lucrative opportunities for market expansion.
  • The surge in government initiatives promoting infrastructure development and sustainable practices, which require the use of magnesium chloride, is influencing market growth.
  • In confluence with this, the increasing urbanization and industrialization rates worldwide are boosting the demand for magnesium chloride in various industrial processes, including textile manufacturing and metallurgy.
  • Another factor propelling the market forward is the growing awareness among consumers regarding the health benefits of magnesium chloride supplements.
  • Furthermore, the rising prevalence of diseases such as osteoporosis and cardiovascular disorders (CVD), which necessitate the use of magnesium chloride-based medications, is aiding in market expansion.

Magnesium Chloride News

The report covers the latest developments, updates, and trends impacting the global magnesium chloride 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 chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the magnesium chloride industry:

  • In May 2023, Compass Minerals acquired a 55% interest in Fortress North America, a next-generation fire retardant company. This acquisition gave company the complete ownership of all Fortress assets, contracts, and intellectual property.
  • In October 2022, Nedmag added a new quality magnesium chloride - Magnesium Chloride Aqua, certified for remineralization of drinking water. This addition aligns with Nedmag's mission to enrich products and processes with high-purity magnesium salt, contributing to people's daily lives and meeting the requirements for treating and producing drinking water.

Product Description

Magnesium chloride is a white solid compound with hygroscopic properties, making it a popular ingredient in several industrial and consumer goods. It is highly soluble in water, having a solubility of around 880 g/L at 20°C, and stable at normal temperature and pressure. Not the less, it reacts with strong oxidizing agents to give hydrogen gas. Magnesium chloride can be produced by reacting magnesium oxide or hydroxide with hydrochloric acid, or by electrolyzing brine.

Magnesium chloride offers an array of uses in the chemical, and agricultural industries as a desiccant to absorb moisture and a flocculant to separate solids and liquids. Besides this, this compound is also used as a firming agent and nutritional supplement in the food industry or as a dust suppressant and concrete additive in the construction business.

Regional Coverage

The report provides a detailed analysis of the magnesium chloride 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 Chloride Price

The report offers a holistic view of the global magnesium chloride 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 Chloride Price

The magnesium chloride market in Europe in Q4 2023 was impacted by elevated demand from the building and textile sectors, restricted supply, and price decreases in the Netherlands. Magnesium chloride prices in the Netherlands fell somewhat in Q4 2023, as demand adjustments in industries such as textiles and water treatment slowed. Energy costs also helped to minimize production expenditures.

This analysis can be extended to include detailed magnesium chloride 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 Chloride Price

In Q4 2023, the North American magnesium chloride market faced problems due to minimal demand from textiles and water treatment industries and a supply-demand imbalance. The United States saw the most dramatic price fluctuations, with 575 USD/MT for December 2023. The market's bearish disposition was affected by variations in energy prices and manufacturing expenses. The market's supply and demand inconsistencies contributed to its downfall.

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

Region Countries Covered
North America United States and Canada


Middle East and Africa Magnesium Chloride Price

The report explores the magnesium chloride 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 chloride 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 Chloride Price

In Q4 2023, the magnesium chloride market in APAC displayed a bullish trend, with the most important developments happening in South Korea. High demand from downstream sectors resulted in scarcity, creating a competitive situation. Crude oil contract prices also pushed up production costs. Dec 2023 witnessed a drop, as energy prices cut manufacturing expenses. Other Asian nations affected the demand in South Korea.

This analysis can be further extended to include detailed magnesium chloride prices for 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 Chloride Price

The analysis of magnesium chloride 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 Chloride
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, 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
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
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

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year  
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 chloride 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 chloride 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 chloride industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Magnesium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Purchase options
For 2 Deliverables, Billed Annually

For 4 Deliverables, Billed Annually

For 12 Deliverables, Billed Annually


Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More