Global Magnesium Carbonate market will reach 72.94 million US$ by the end of 2026

Publisher: QYResearch
Published Date: 2019/8/12

The global market for magnesium carbonate will witness significant growth due to the growing adoption of magnesium carbonate across several industries. Several new materials have been identified and developed to meet the ever-increasing demand from the market. Factors such as rising adoption of magnesium carbonate in food-grade industry and pharmaceutical industry, growing research and development activities for developing innovative products, and increasing demand for magnesium carbonate in smoke suppressants and flame retardants are likely to contribute the growth of the market over the forecast period.

As per the analysts of QY Research, the global magnesium carbonate market is expected to grow at a sluggish growth rate throughout the forecast period and will register a CAGR of 3.26% by 2026. The market is anticipated to be worth US$72.94 mn by 2026 from US$60.19 mn in 2018.

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