The North America Magnesium Chloride Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 403.6 Kilo Tonnes, showcasing a growth of 3.8% (2019-2022).
Magnesium is important for muscle function and recovery. Athletes and fitness enthusiasts use its supplements to support muscle health, reduce muscle cramps, and enhance performance. It is crucial for bone health and is often included in supplements for osteoporosis prevention. As the aging population grows and bone health awareness increases, the demand for its supplements has risen. It is used in skincare products for its potential benefits in skin health. It is believed to help with skin conditions, such as acne and eczema, contributing to the growing market of this in skincare.
The growing emphasis on environmental sustainability and reducing chemical pollution has prompted industries to seek eco-friendly alternatives. The compound’s lower environmental impact, particularly in de-icing applications, aligns with these concerns and has driven its adoption. As urban populations expand, so does the demand for infrastructure development. This, in turn, fuels the need for fire-resistant building materials, boosting the demand of it in construction. The agricultural sector's ongoing pursuit of improved crop yields and soil health bodes well for the compound. As precision agriculture and sustainable farming practices become more prevalent, the use of the compound as a soil conditioner will likely increase.
According to U.S. Census Bureau estimates, spending on construction was $1,972.6 billion (seasonally adjusted annual rate) in July 2023, which is 0.7 percent (0.5 percent) more than the previously anticipated $1,958.9 billion in June. Construction spending reached $1,101.5 billion in the first seven months of 2023, a 3.7 percent (1.0 percent) increase over the $1,062.1 billion spent during the same period in 2022. Industrial facilities in Canada use this for dust suppression to maintain a clean and safe work environment, reduce particulate emissions, and protect workers' health. All these factors will uplift the regional market expansion in coming years.
The US region dominated the North America Magnesium Chloride Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $132,839.8 Thousand by 2030. The Canada region is experiencing a CAGR of 6.3% during (2023 - 2030). Additionally, The Mexico region would exhibit a CAGR of 5.4% during (2023 - 2030).
Based on Product, the market is segmented into Anhydrous, and Hexahydrate. Based on End-use, the market is segmented into Construction, Textile, Wastewater Treatment Chemicals, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Magnesium Chloride Market is Predict to reach $677 Million by 2030, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Compass Minerals International, Inc, Shandong Baomo Biochemical Co., Ltd., ICL Group Ltd. (Israel Corp.), Intrepid Potash Inc., Merck KGaA, Cargill, Incorporated, Nedmag B.V., K+S Aktiengesellschaft, Celtic Chemicals Ltd. and Deusa International GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Product (Volume, Kilo Tonnes, USD Million, 2019-30)
By End-user (Volume, Kilo Tonnes, USD Million, 2019-30)
- Construction
- Textile
- Wastewater Treatment Chemicals
- Healthcare
- Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-30)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Compass Minerals International, Inc
- Shandong Baomo Biochemical Co., Ltd.
- ICL Group Ltd. (Israel Corp.)
- Intrepid Potash Inc.
- Merck KGaA
- Cargill, Incorporated
- Nedmag B.V.
- K+S Aktiengesellschaft
- Celtic Chemicals Ltd.
- Deusa International GmbH
TABLE 1 North America Magnesium Chloride Market, 2019 - 2022, USD Thousand
TABLE 2 North America Magnesium Chloride Market, 2023 - 2030, USD Thousand
TABLE 3 North America Magnesium Chloride Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Magnesium Chloride Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Magnesium Chloride Market, By Product, 2019 - 2022, USD Thousand
TABLE 6 North America Magnesium Chloride Market, By Product, 2023 - 2030, USD Thousand
TABLE 7 North America Magnesium Chloride Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Magnesium Chloride Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Anhydrous Market, By Country, 2019 - 2022, USD Thousand
TABLE 10 North America Anhydrous Market, By Country, 2023 - 2030, USD Thousand
TABLE 11 North America Anhydrous Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Anhydrous Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Hexahydrate Market, By Country, 2019 - 2022, USD Thousand
TABLE 14 North America Hexahydrate Market, By Country, 2023 - 2030, USD Thousand
TABLE 15 North America Hexahydrate Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Hexahydrate Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Magnesium Chloride Market, By End-use, 2019 - 2022, USD Thousand
TABLE 18 North America Magnesium Chloride Market, By End-use, 2023 - 2030, USD Thousand
TABLE 19 North America Magnesium Chloride Market, By End-use, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Magnesium Chloride Market, By End-use, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Construction Market, By Country, 2019 - 2022, USD Thousand
TABLE 22 North America Construction Market, By Country, 2023 - 2030, USD Thousand
TABLE 23 North America Construction Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Construction Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Textile Market, By Country, 2019 - 2022, USD Thousand
TABLE 26 North America Textile Market, By Country, 2023 - 2030, USD Thousand
TABLE 27 North America Textile Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Textile Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Wastewater Treatment Chemicals Market, By Country, 2019 - 2022, USD Thousand
TABLE 30 North America Wastewater Treatment Chemicals Market, By Country, 2023 - 2030, USD Thousand
TABLE 31 North America Wastewater Treatment Chemicals Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Wastewater Treatment Chemicals Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Healthcare Market, By Country, 2019 - 2022, USD Thousand
TABLE 34 North America Healthcare Market, By Country, 2023 - 2030, USD Thousand
TABLE 35 North America Healthcare Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Healthcare Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Others Market, By Country, 2019 - 2022, USD Thousand
TABLE 38 North America Others Market, By Country, 2023 - 2030, USD Thousand
TABLE 39 North America Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Magnesium Chloride Market, By Country, 2019 - 2022, USD Thousand
TABLE 42 North America Magnesium Chloride Market, By Country, 2023 - 2030, USD Thousand
TABLE 43 North America Magnesium Chloride Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Magnesium Chloride Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 45 US Magnesium Chloride Market, 2019 - 2022, USD Thousand
TABLE 46 US Magnesium Chloride Market, 2023 - 2030, USD Thousand
TABLE 47 US Magnesium Chloride Market, 2019 - 2022, Kilo Tonnes
TABLE 48 US Magnesium Chloride Market, 2023 - 2030, Kilo Tonnes
TABLE 49 US Magnesium Chloride Market, By Product, 2019 - 2022, USD Thousand
TABLE 50 US Magnesium Chloride Market, By Product, 2023 - 2030, USD Thousand
TABLE 51 US Magnesium Chloride Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 52 US Magnesium Chloride Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 53 US Magnesium Chloride Market, By End-use, 2019 - 2022, USD Thousand
TABLE 54 US Magnesium Chloride Market, By End-use, 2023 - 2030, USD Thousand
TABLE 55 US Magnesium Chloride Market, By End-use, 2019 - 2022, Kilo Tonnes
TABLE 56 US Magnesium Chloride Market, By End-use, 2023 - 2030, Kilo Tonnes
TABLE 57 Canada Magnesium Chloride Market, 2019 - 2022, USD Thousand
TABLE 58 Canada Magnesium Chloride Market, 2023 - 2030, USD Thousand
TABLE 59 Canada Magnesium Chloride Market, 2019 - 2022, Kilo Tonnes
TABLE 60 Canada Magnesium Chloride Market, 2023 - 2030, Kilo Tonnes
TABLE 61 Canada Magnesium Chloride Market, By Product, 2019 - 2022, USD Thousand
TABLE 62 Canada Magnesium Chloride Market, By Product, 2023 - 2030, USD Thousand
TABLE 63 Canada Magnesium Chloride Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 64 Canada Magnesium Chloride Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 65 Canada Magnesium Chloride Market, By End-use, 2019 - 2022, USD Thousand
TABLE 66 Canada Magnesium Chloride Market, By End-use, 2023 - 2030, USD Thousand
TABLE 67 Canada Magnesium Chloride Market, By End-use, 2019 - 2022, Kilo Tonnes
TABLE 68 Canada Magnesium Chloride Market, By End-use, 2023 - 2030, Kilo Tonnes
TABLE 69 Mexico Magnesium Chloride Market, 2019 - 2022, USD Thousand
TABLE 70 Mexico Magnesium Chloride Market, 2023 - 2030, USD Thousand
TABLE 71 Mexico Magnesium Chloride Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Mexico Magnesium Chloride Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Magnesium Chloride Market, By Product, 2019 - 2022, USD Thousand
TABLE 74 Mexico Magnesium Chloride Market, By Product, 2023 - 2030, USD Thousand
TABLE 75 Mexico Magnesium Chloride Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Magnesium Chloride Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 77 Mexico Magnesium Chloride Market, By End-use, 2019 - 2022, USD Thousand
TABLE 78 Mexico Magnesium Chloride Market, By End-use, 2023 - 2030, USD Thousand
TABLE 79 Mexico Magnesium Chloride Market, By End-use, 2019 - 2022, Kilo Tonnes
TABLE 80 Mexico Magnesium Chloride Market, By End-use, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of North America Magnesium Chloride Market, 2019 - 2022, USD Thousand
TABLE 82 Rest of North America Magnesium Chloride Market, 2023 - 2030, USD Thousand
TABLE 83 Rest of North America Magnesium Chloride Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of North America Magnesium Chloride Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Magnesium Chloride Market, By Product, 2019 - 2022, USD Thousand
TABLE 86 Rest of North America Magnesium Chloride Market, By Product, 2023 - 2030, USD Thousand
TABLE 87 Rest of North America Magnesium Chloride Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Magnesium Chloride Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Magnesium Chloride Market, By End-use, 2019 - 2022, USD Thousand
TABLE 90 Rest of North America Magnesium Chloride Market, By End-use, 2023 - 2030, USD Thousand
TABLE 91 Rest of North America Magnesium Chloride Market, By End-use, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Magnesium Chloride Market, By End-use, 2023 - 2030, Kilo Tonnes
TABLE 93 Key Information – Compass Minerals International, Inc.
TABLE 94 Key Information – Shandong Baomo Biochemical Co., Ltd.
TABLE 95 Key Information – ICL Group Ltd.
TABLE 96 Key Information – Intrepid Potash Inc.
TABLE 97 key Information – Merck KGaA
TABLE 98 Key Information – Cargill, Incorporated
TABLE 99 Key Information – Nedmag B.V.
TABLE 100 Key Information – K+S Aktiengesellschaft
TABLE 101 Key Information – Celtic Chemicals Ltd.
TABLE 102 Key Information – Deusa International GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Magnesium Chloride Market, 2019 - 2030, USD Thousand
FIG 3 Key Factors Impacting magnesium chloride market
FIG 4 Porter’s Five Forces Analysis – Magnesium Chloride Market
FIG 5 North America Magnesium Chloride Market share, By Product, 2022
FIG 6 North America Magnesium Chloride Market share, By Product, 2030
FIG 7 North America Magnesium Chloride Market, By Product, 2019 - 2030, USD Thousand
FIG 8 North America Magnesium Chloride Market share, By End-use, 2022
FIG 9 North America Magnesium Chloride Market share, By End-use, 2030
FIG 10 North America Magnesium Chloride Market, By End-use, 2019 - 2030, USD Thousand
FIG 11 North America Magnesium Chloride Market share, By Country, 2022
FIG 12 North America Magnesium Chloride Market share, By Country, 2030
FIG 13 North America Magnesium Chloride Market, By Country, 2019 - 2030, USD Thousand
FIG 14 Swot Analysis: Compass Minerals International, Inc.
FIG 15 SWOT Analysis: Shandong Baomo Biochemical Co., Ltd.
FIG 16 SWOT Analysis: ICL Group Ltd.
FIG 17 Swot Analysis: Intrepid Potash Inc.
FIG 18 Swot Analysis: Merck KGaA
FIG 19 SWOT Analysis: Cargill, Incorporated
FIG 20 SWOT Analysis: K+S Aktiengesellschaft