Magnesium Nitrate Hexahydrate Market Size, Share & Industry Analysis, By Process (Nitromagnesite and Synthetic), By Application (Additives, Process Chemicals, and Others), and Regional Forecast, 2024-2032

The process chemical segment primarily drives the magnesium nitrate hexahydrate market. Magnesium nitrate hexahydrate is an inorganic compound extensively utilized in various chemical processes. It serves as a source of magnesium, an essential nutrient for plants. Its high solubility makes it an ideal component for water-soluble fertilizers. Moreover, it is used as a catalyst in the synthesis of petrochemicals and organic compounds due to its ability to donate nitrate ions, boosting the demand for magnesium nitrate hexahydrate.

The synthetic process segment also drives the magnesium nitrate hexahydrate market. Magnesium nitrate hexahydrate is a chemical compound that can be synthesized through various processes. In the synthetic process, magnesium oxide or magnesium hydroxide first reacts with nitric acid. The resulting solution is then concentrated and cooled to precipitate the magnesium nitrate hexahydrate crystals. The crystals are then filtered, washed, and dried to obtain the final product. This process ensures the purity and quality of the magnesium nitrate hexahydrate, which is commonly used in the manufacturing of fertilizers, fireworks, and other industrial applications.

• Magnesium production in China is a source of unintentional persistent organic pollutants (POPs) such as PCDD/Fs, dl-PCBs, PCNs, HxCBz, and PeCBz, with estimated emissions from magnesium metallurgy.

In addition, magnesium nitrate hexahydrate is widely used in various industries due to its unique properties. In agriculture, it serves as a quick-acting fertilizer, providing essential nutrients to plants. It is also utilized in the ceramics industry to enhance the physical properties of glazes. Additionally, this chemical compound finds application in the manufacturing of fireworks and flares, where it acts as an oxidizing agent to produce vivid colors. Furthermore, it is used in the production of petrochemicals and in wastewater treatment processes as a flocculant.

By region, the major magnesium nitrate hexahydrate market consumers are China, Japan, and India in Asia Pacific; the U.S. and Canada in North America; Germany and France in Europe; and Saudi Arabia and UAE in the Middle East.

• China is the largest exporter of magnesium, amounting to approximately USD 2.46 billion in 2022.


• The U.S. is the largest importer of magnesium, with imports of around USD 877 million in 2022.

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Regions


• Key Developments: Mergers, Acquisitions, and Partnerships


• Latest Technological Advancement


• Insights on Sustainability


• Porters Five Forces Analysis


• Impact of COVID-19 on the Market

Segmentation

Analysis by Process

By process, the nitromagnesite segment holds a significant share of the global magnesium nitrate hexahydrate market.

• Nitromagnesite process involves the dehydration of magnesium nitrate hexahydrate followed by calcination, which yields magnesium oxide for industrial applications. Emissions from this process include nitrogen dioxide and oxygen, requiring careful handling due to the toxicity of nitrogen dioxide.


• Nitromagnesite refers to a partially dehydrated form of magnesium nitrate, and while sometimes informally used to describe the end product, it needs to be more technically accurate. The process's conditions can be adjusted to meet specific production requirements.

Analysis by Application

By application, the additives segment holds a significant share of the global magnesium nitrate hexahydrate market.

• Magnesium nitrate hexahydrate is a versatile compound that finds application in various industries, notably as an additive. Its chemical formula is Mg(NO3)2·6H2O, indicating that each molecule of magnesium nitrate is associated with six molecules of water (hexahydrate).


• It is used as a component in some fertilizers. Magnesium is an essential nutrient for plant growth, playing a critical role in chlorophyll synthesis and enzyme activation. The high solubility of magnesium nitrate hexahydrate allows plants to quickly uptake it. Moreover, it can be used as a preservative or nutrient in some food products.

Regional Analysis

The Asia Pacific region holds a considerable share of the magnesium nitrate hexahydrate market. The region is the most attractive market for magnesium nitrate hexahydrate owing to the mass production of magnesium in China and India. In addition, government policies to increase the production of additives are critical factors for market growth in this region.

World's Top Magnesium Exporter Countries, 2022

• China – USD 2.46 Billion


• Israel – USD 231 Million


• Turkey – USD 152 Million


• Austria – USD 127 Million


• Netherlands – USD 127 Million

Key Players Covered

The report includes the profiles of key players such as Avantor Performance Materials, BeanTown Chemical, Columbus Chemical Industries, Cosmic Chemicals, GFS Chemicals, Merck KGaA, Spectrum Chemical Manufacturing, Thermo Fisher Scientific India Private Limited, Vishnupriya Chemicals Private Limited, and William Blythe.