Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Type (Light Magnesium Carbonate, Heavy Magnesium Carbonate), By Application (Pharmaceuticals, Plastic & Rubber Industry, Personal Care & Cosmetics, Paints & Inks, Pulp & Paper Industry, Food & Beverage, Others) And Competitive Landscape
Product Code: ETC186107 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Asia Pacific Magnesium Carbonate Market report thoroughly covers the market by countries, by type, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific region's magnesium carbonate market is set to grow due to the rising magnesium carbonate demand are the bolstering the agricultural sector, the growing pharmaceutical industry, and the rising demand from the food and beverage sector. The region has a high demand for dietary supplements, and the use of magnesium in tablets, capsules, and powders is gaining momentum in the region, driving the market's growth.
According to 6Wresearch, the Asia Pacific Magnesium Carbonate Market size is estimated to grow at a CAGR of 7.9% during the forecast period 2025-2031. The growing health concern among the people has increased the use of magnesium carbonate in the pharmaceutical sector. The supplement is used in several ways to help maintain a healthy lifestyle. Additionally, the agriculture sector's rapidly expanding usage of magnesium carbonate as a soil amendment to improve crop yield is expected to fuel the Asia Pacific Magnesium Carbonate Market growth.
Despite the growth prospect, some challenges exist in the market that can affect its growth. These challenges are regulatory requirements are often considered to be a hindrance and the availability of magnesium carbonate substitute. Nevertheless, with some emerging trends, the market is estimated to surge in the coming years such as the growing demand for environmental-friendly alternatives to magnesium oxide is among the significant trends in the market. The trend is driven by an increased focus on sustainability and the rising prices of raw materials used in the production of magnesium oxide.
Government measures have been supporting the direction of the Asia Pacific magnesium carbonate market. In China, the government's plan to upgrade the country's manufacturing sector is expected to boost the growth of the magnesium carbonate market. The initiative will lead to more investments, which will drive the government's support to the magnesium carbonate supply chains in the country.
The Asia Pacific magnesium market include Martin Marietta, Grecian Magnesite, Premier Magnesia, and Kumas Magnesite Industry, among others. These players offer quality and innovation products. Additionally, they adopt strategic initiatives such as partnerships, mergers & acquisitions, and new product launches to enhance their market position.
According to Nitesh, Research Manager, 6Wresearch, the personal care & cosmetics segment is the only growing in the Asia Pacific Magnesium Carbonate market. This is an interesting finding that highlights the growing awareness of personal hygiene and grooming awareness among the population in the region.
Based on the countries, Japan is expected to witness the highest growth in the region. As the country has the most developed and innovative markets for Magnesium Carbonate products compared to other countries in the region.
The report offers a comprehensive study of the subsequent market segments:
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 Asia Pacific Magnesium Carbonate Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Magnesium Carbonate Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Magnesium Carbonate Market - Industry Life Cycle |
3.4 Asia Pacific Magnesium Carbonate Market - Porter's Five Forces |
3.5 Asia Pacific Magnesium Carbonate Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Asia Pacific Magnesium Carbonate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Asia Pacific Magnesium Carbonate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Asia Pacific Magnesium Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Magnesium Carbonate Market Trends |
6 Asia Pacific Magnesium Carbonate Market, 2021-2031 |
6.1 Asia Pacific Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
6.2 Asia Pacific Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
7 China Magnesium Carbonate Market, 2021-2031 |
7.1 China Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
7.2 China Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
8 India Magnesium Carbonate Market, 2021-2031 |
8.1 India Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
8.2 India Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
9 Japan Magnesium Carbonate Market, 2021-2031 |
9.1 Japan Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
9.2 Japan Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
10 Australia Magnesium Carbonate Market, 2021-2031 |
10.1 Australia Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
10.2 Australia Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
11 Indonesia Magnesium Carbonate Market, 2021-2031 |
11.1 Indonesia Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
11.2 Indonesia Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
12 Philippines Magnesium Carbonate Market, 2021-2031 |
12.1 Philippines Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
12.2 Philippines Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
13 Malaysia Magnesium Carbonate Market, 2021-2031 |
13.1 Malaysia Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
13.2 Malaysia Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
14 Rest of Asia Magnesium Carbonate Market, 2021-2031 |
14.1 Rest of Asia Magnesium Carbonate Market, Revenues & Volume, By Type, 2021-2031 |
14.2 Rest of Asia Magnesium Carbonate Market, Revenues & Volume, By Application, 2021-2031 |
11 Asia Pacific Magnesium Carbonate Market Key Performance Indicators |
12 Asia Pacific Magnesium Carbonate Market - Opportunity Assessment |
12.1 Asia Pacific Magnesium Carbonate Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Asia Pacific Magnesium Carbonate Market Opportunity Assessment, By Type, 2021 & 2031F |
12.3 Asia Pacific Magnesium Carbonate Market Opportunity Assessment, By Application, 2021 & 2031F |
13 Asia Pacific Magnesium Carbonate Market - Competitive Landscape |
13.1 Asia Pacific Magnesium Carbonate Market Revenue Share, By Companies, 2024 |
13.2 Asia Pacific Magnesium Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |