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Magnesium Powder Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23151
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Magnesium Powder Pricing Report
|
Product
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Category | Region | Price |
|---|---|---|---|
| Magnesium Powder | Bulk Chemical and Fertilizer | USA | 446 USD/MT |
The price of magnesium powder in the United States for Q3 2023 reached 446 USD/MT in September. The market experienced a mixed demand for both magnesium oxide and stearate within the downstream pharmaceuticals, food, and other industrial sectors, showing an upside-down pricing trend. Along with this, the US pharmaceutical industry remained resilient during this period, driving increased demand for essential medication ingredients, including magnesium stearate.
Magnesium Powder Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Magnesium Powder Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of magnesium powder 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 powder at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of magnesium powder price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing magnesium powder 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 Powder Market Analysis
The global magnesium powder market size reached US$ 1.3 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 2 Million, at a projected CAGR of 5.50% during 2023-2032.
- One of the primary uses of magnesium powder is in fireworks and pyrotechnics. Through its ability to burn with a bright white flame and generate intense heat, it is an essential ingredient in creating spectacular visual effects. When ignited, it produces a dazzling white light that is often used in flares, sparklers, and various types of fireworks. The high temperature of burning magnesium helps to ignite other components in pyrotechnic compositions, making it a critical element for achieving the desired effects in fireworks displays, and theatrical pyrotechnics, thereby aiding the market growth.
- In line with this, the surging product adoption for the production of lightweight, high-strength alloys, particularly in the aerospace and automotive industries is creating a positive outlook for market expansion. These magnesium-based alloys are prized for their low density and excellent mechanical properties, which contribute to the overall reduction in weight of vehicles and aircraft. This weight reduction is crucial for improving fuel efficiency, enhancing performance, and reducing emissions.
- Also, in the steel industry, magnesium powder is used for desulfurization processes. It helps remove sulfur impurities from molten steel, improving the quality and mechanical properties of the final steel product and making it crucial for producing high-grade steel, which is further bolstering the market growth.
- Moreover, magnesium powder is characterized by its low density, making it an ideal material for creating lightweight alloys. Its ability to produce intense heat and bright light upon combustion spurring its utilization in fireworks and pyrotechnics, while its biocompatibility allowing for safe use in pharmaceutical applications is impelling the market growth.
- Besides this, the growing incorporation of magnesium powder into pharmaceutical formulations as an excipient, facilitating the stability, absorption, and effectiveness of active ingredients in medications is fostering the market expansion.
- Furthermore, the widespread employment of magnesium powder as a key ingredient in the production of magnesium-based cement, known for its quick setting time and high strength is acting as another significant growth-inducing factor.
- Apart from this, the surging use of magnesium powder in the biomedical field for developing biodegradable implants and bone regeneration materials due to its biocompatibility and ability to support bone growth, making it an ideal material for orthopedic applications and temporary implants is propelling the market forward.
Magnesium Powder News
The report covers the latest developments, updates, and trends impacting the global magnesium powder 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 powder production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the magnesium powder price trend.
Latest developments in the magnesium powder industry:
- In December 2023, Natrol, a prominent brand in sleep, mood, and stress supplements, launched a new range of magnesium-based products. The lineup includes Magnesium Powder, Magnesium Night Powder, and Magnesium Citrate Gummies, catering to the rising demand for such supplements. Formulated to promote relaxation, ease occasional stress, and enhance mood, these products aim to support mental and physical well-being.
Product Description
Magnesium powder is a fine, particulate form of magnesium, a lightweight, silvery-white metallic element. In its powdered form, magnesium is highly reactive, particularly when exposed to moisture or flame. It is produced through various processes, such as grinding magnesium ribbons or granules or by the thermal reduction of magnesium oxide. Through its high reactivity and flammability, magnesium powder is often handled with care and stored in airtight containers to prevent oxidation and accidental ignition.
Magnesium powder has a wide range of applications across different industries due to its unique properties. It is commonly used in the manufacturing of fireworks and pyrotechnics, where it serves as a key component for producing bright white light and intense heat. Besides this, it also finds applications across the aerospace and automotive industries, in the production of high-strength, lightweight alloys that enhance the performance and fuel efficiency of vehicles and aircraft.
Regional Coverage
The report provides a detailed analysis of the magnesium powder 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 powder price trend.
Global Magnesium Powder Price
The report offers a holistic view of the global magnesium powder pricing trends in the form of magnesium powder 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 current price of magnesium powder but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into 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 powder 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 Powder Price
In Q3 2023, the European magnesium powder market mirrored the U.S. trend. Domestic sales declined, weakening magnesium oxide prices. However, demand for magnesium stearate remained strong in the pharmaceutical and food industries. The euro's depreciation against the US dollar until September boosted Magnesium Stearate prices and import costs. In Germany, the consumer price index (CPI) was 6.1% in August, slightly down from 6.2% in July. Rising energy and fuel costs kept trading expenses high in August. Despite this, sufficient inventory levels for both magnesium stearate and oxide maintained market balance.
This analysis can be extended to include detailed magnesium powder 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 Powder Price
In Q3 2023, magnesium powder markets showed varied performance. The prices generally declined but saw a slight uptick in September. Demand was low until mid-Q3, then improved slightly. Despite excess feedstock, magnesium chloride prices consistently rose. Magnesium stearate had a positive outlook overall but ended September on a negative note. Demand in pharmaceuticals, cosmetics, and industrial sectors increased, though inventory restocking by large firms slowed reductions. Surplus inventory in August led to lower domestic prices, but a price recovery occurred in September due to increased upstream production.
Specific magnesium powder 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 Powder Price
The report explores the magnesium powder 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 powder 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 Powder Price
In Q3 2023, the APAC region saw a consistent downward trend for both magnesium oxide and magnesium stearate. The market dynamics varied by grade, with sluggish feed industry demand improving towards quarter-end and food-grade prices rising slightly. High inventory levels met overall demand effectively. September brought volatility for both magnesium powder grades due to uncertain downstream demand and surplus stock. Input costs surged, driven by higher chemical, crude oil, and metal prices.
This magnesium powder 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 Powder Price
The analysis of magnesium powder 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 Powder |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Magnesium Powder 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 powder 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 powder 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 powder price charts ensure our clients remain at the forefront of the 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.
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