Market size forecasters delivers significant information and realistic data of the Magnesium Chloride Market. The report presents a deep study of the market growth factors and drivers. In-depth research of the Magnesium Chloride Market limitations and the opportunities enable the user to make the future projection.
Magnesium chloride is the name for the chemical compounds with the formulas MgCl2 and its various hydrates MgCl2(H2O)x. These salts are typical ionic halides, being highly soluble in water. The hydrated magnesium chloride can be extracted from brine or sea water. Anhydrous magnesium chloride is the principal precursor to magnesium metal, which is produced on a large scale. Hydrated magnesium chloride is the form most readily available.
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Magnesium chloride is often found in non-beauty uses, such as food production (specifically tofu and baby milk) and anti-icing products. However, it is also taken as a supplement to regulate magnesium levels in the body, important for muscle and nerve maintenance.
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Magnesium chloride production, which measures output worldwide, was expected to reach xx thousand tons in 2016 with an increase of xx% from its year-earlier level. The global magnesium chloride market size is estimated to grow from USD xx million in 2011 to USD xx million by 2016, at an estimated CAGR of xx% between 2011 and 2016. With regards to this, key players of magnesium chloride industry are expected to find potential opportunities in this market.
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The global magnesium chloride market report profiles some of the key technological developments in the recent times. It also profiles some of the leading players in the market and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. The major players in the global magnesium chloride market are Compass Minerals, Tianjin Changlu Haijing, ICL, Nedmag, Tianjin Changlu Hangu, Huitai Group, Shandong Haihua, K+S KALI GmbH, Qinghai Tieyuan, Shouguang Xuexiang, etc. The global magnesium chloride industry is relatively concentrated, with the market share of top 10 magnesium chloride producers at xx%.
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