Cyprus Magnesium Chloride Market (2025-2031) | Companies, Growth, Analysis, Industry, Share, Size, Segmentation, Revenue, Outlook, Value, Trends & Forecast
Market Forecast By Form (Liquid, Flakes), By Grade (Industrial, Food and Pharmaceutical), By Application (Deicing Agent, Dust Suppressant, Chemicals & Derivatives, Building Materials, Pharmaceuticals, Food & Feed, Others) And Competitive Landscape
| Product Code: ETC4693062 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus Magnesium Chloride Market Import Shipment by Countries (Top 5) & Competition (HHI)
In 2024, Cyprus continued to be a key importer of magnesium chloride, with top suppliers including Germany, Austria, and Greece. Despite a high concentration with a Herfindahl-Hirschman Index (HHI), the market experienced a significant decline with a compound annual growth rate (CAGR) of -15.93% from 2020 to 2024. The growth rate from 2023 to 2024 plummeted by -93.09%, reflecting a challenging year for magnesium chloride imports in Cyprus. Moving forward, it will be crucial for stakeholders to monitor market dynamics and adapt to changing conditions in order to drive future growth.
Magnesium Chloride Market: Cyprus vs Top 5 Major Economies in 2027 (Europe)
By 2027, the Magnesium Chloride market in Cyprus is anticipated to reach a growth rate of 1.67%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.
Cyprus Magnesium Chloride Market Overview
Magnesium chloride has applications in Cypruss chemical, construction, and health sectors. Its used in de-icing, dust control, and as a supplement, reflecting its versatility across diverse industries.
Drivers of the market
The magnesium chloride market in Cyprus is driven by its applications in de-icing, dust control, and as a raw material in the production of magnesium compounds. As winter maintenance and dust control measures are essential for road safety, demand for magnesium chloride increases. The compounds role in producing magnesium metal also supports market growth.
Challenges of the market
In Cyprus, the magnesium chloride market is constrained by limited industrial demand and the reliance on imports. Fluctuations in global prices and transportation costs create supply chain challenges. Additionally, the market faces competition from other de-icing and dust control chemicals, limiting the growth of magnesium chloride applications.
Government Policy of the market
Agricultural and industrial policies in Cyprus promote the use of magnesium chloride, particularly in fertilizers and de-icing products, with financial incentives for local production.
Key Highlights of the Report:
- Cyprus Magnesium Chloride Market Outlook
- Market Size of Cyprus Magnesium Chloride Market, 2024
- Forecast of Cyprus Magnesium Chloride Market, 2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Revenues & Volume for the Period 2021-2031
- Cyprus Magnesium Chloride Market Trend Evolution
- Cyprus Magnesium Chloride Market Drivers and Challenges
- Cyprus Magnesium Chloride Price Trends
- Cyprus Magnesium Chloride Porter`s Five Forces
- Cyprus Magnesium Chloride Industry Life Cycle
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Form for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Liquid for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Flakes for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Grade for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Industrial for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Food and Pharmaceutical for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Deicing Agent for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Dust Suppressant for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Chemicals & Derivatives for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Building Materials for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Food & Feed for the Period 2021-2031
- Historical Data and Forecast of Cyprus Magnesium Chloride Market Revenues & Volume By Others for the Period 2021-2031
- Cyprus Magnesium Chloride Import Export Trade Statistics
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Grade
- Market Opportunity Assessment By Application
- Cyprus Magnesium Chloride Top Companies Market Share
- Cyprus Magnesium Chloride Competitive Benchmarking By Technical and Operational Parameters
- Cyprus Magnesium Chloride Company Profiles
- Cyprus Magnesium Chloride Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Cyprus Magnesium Chloride Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Cyprus Magnesium Chloride Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Magnesium Chloride Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Magnesium Chloride Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Magnesium Chloride Market - Industry Life Cycle |
3.4 Cyprus Magnesium Chloride Market - Porter's Five Forces |
3.5 Cyprus Magnesium Chloride Market Revenues & Volume Share, By ? Form, 2021 & 2031F |
3.6 Cyprus Magnesium Chloride Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Cyprus Magnesium Chloride Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Magnesium Chloride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Magnesium Chloride Market Trends |
6 Cyprus Magnesium Chloride Market Segmentations |
6.1 Cyprus Magnesium Chloride Market, By ? Form |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Magnesium Chloride Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.3 Cyprus Magnesium Chloride Market Revenues & Volume, By Flakes, 2021-2031F |
6.2 Cyprus Magnesium Chloride Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Magnesium Chloride Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Cyprus Magnesium Chloride Market Revenues & Volume, By Food and Pharmaceutical, 2021-2031F |
6.3 Cyprus Magnesium Chloride Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Magnesium Chloride Market Revenues & Volume, By Deicing Agent, 2021-2031F |
6.3.3 Cyprus Magnesium Chloride Market Revenues & Volume, By Dust Suppressant, 2021-2031F |
6.3.4 Cyprus Magnesium Chloride Market Revenues & Volume, By Chemicals & Derivatives, 2021-2031F |
6.3.5 Cyprus Magnesium Chloride Market Revenues & Volume, By Building Materials, 2021-2031F |
6.3.6 Cyprus Magnesium Chloride Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.7 Cyprus Magnesium Chloride Market Revenues & Volume, By Food & Feed, 2021-2031F |
7 Cyprus Magnesium Chloride Market Import-Export Trade Statistics |
7.1 Cyprus Magnesium Chloride Market Export to Major Countries |
7.2 Cyprus Magnesium Chloride Market Imports from Major Countries |
8 Cyprus Magnesium Chloride Market Key Performance Indicators |
9 Cyprus Magnesium Chloride Market - Opportunity Assessment |
9.1 Cyprus Magnesium Chloride Market Opportunity Assessment, By ? Form, 2021 & 2031F |
9.2 Cyprus Magnesium Chloride Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 Cyprus Magnesium Chloride Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Magnesium Chloride Market - Competitive Landscape |
10.1 Cyprus Magnesium Chloride Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Magnesium Chloride Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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