Product Code: ETC195756 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India magnesium nitrate hexahydrate market import shipments surged with a remarkable CAGR from 2020-2024, indicating substantial growth momentum. Particularly noteworthy is the exponential growth rate observed between 2023 and 2024, highlighting a significant acceleration in market expansion during that period. The market demonstrated a robust upward trend, showcasing rapid and sustained growth.
Magnesium Nitrate Hexahydrate is a white crystalline inorganic compound with the chemical formula Mg(NO3)2???6H2O. It is an important fertilizer and used as an additive to various industrial processes. India has significant production of Magnesium Nitrate Hexahydrate and it is widely used as fertilizer, feed supplement for livestock, flame retardant for plastics and rubber industries, etc.
The major driver behind the growth of magnesium nitrate hexahydrate market in India are factors such as increasing demand from agriculture industry due to its rich nutrient content; growing awareness about organic farming practices which require less synthetic fertilizers; increasing use by pharmaceuticals & cosmetic sector; rising demand from water treatment industry; wide ranging applications in metal finishing operations like de-rusting etc., are some of the driving force behind this market???s growth. Additionally, government initiatives such as Make in India campaign have helped boost investment into India manufacturing sectors thus helping this segment witness increased traction over recent times.
One of the major challenge faced by manufacturers operating in magnesium nitrates hexahydrates market is stringent regulations imposed on usage volumes especially when used as fertilizer or feed supplements for animals. This could hamper product adoption rates negatively impacting overall business prospects going ahead. Also issues related to supply chain disruptions due to pandemic coupled with volatile raw material prices could further limit revenue potentials going forward if left unaddressed on time basis.
Some of the key players operating within India Magnesium Nitrates Hexahydrates Market include Avantor Performance Materials Ltd.; Gujarat Narmada Valley Fertilizers & Chemicals (GNFC); Parry Agro Industries Ltd.; The Mosaic Company Inc.; UPL Limited among others offering different grades depending upon application requirements at competitive prices points giving customers maximum flexibility while choosing products best suited for their needs.
Due to COVID 19 outbreak there had been disruption caused across supply chains leading many companies facing problems with sourcing materials thus making it difficult meeting customer demands resulting companies having difficulty sustaining operational profitability levels during these challenging times.Also certain restrictions imposed by governments across countries would make matters worse unless immediate steps taken towards normalizing operations quickly without causing any data breaches or other security threats.
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 India Magnesium Nitrate Hexahydrate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, 2021 & 2031F |
3.3 India Magnesium Nitrate Hexahydrate Market - Industry Life Cycle |
3.4 India Magnesium Nitrate Hexahydrate Market - Porter's Five Forces |
3.5 India Magnesium Nitrate Hexahydrate Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.6 India Magnesium Nitrate Hexahydrate Market Revenues & Volume Share, By Primary Function, 2021 & 2031F |
3.7 India Magnesium Nitrate Hexahydrate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Magnesium Nitrate Hexahydrate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fertilizers in the agriculture sector in India |
4.2.2 Growing adoption of magnesium nitrate hexahydrate in industrial applications such as explosives and pyrotechnics |
4.2.3 Rising awareness about the benefits of magnesium nitrate hexahydrate in various end-use industries |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the production cost of magnesium nitrate hexahydrate |
4.3.2 Stringent government regulations related to environmental and safety standards impacting the manufacturing and usage of magnesium nitrate hexahydrate |
5 India Magnesium Nitrate Hexahydrate Market Trends |
6 India Magnesium Nitrate Hexahydrate Market, By Types |
6.1 India Magnesium Nitrate Hexahydrate Market, By Manufacturing Process |
6.1.1 Overview and Analysis |
6.1.2 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Manufacturing Process, 2021-2031F |
6.1.3 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Nitromagnesite, 2021-2031F |
6.1.4 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Synthetic Process, 2021-2031F |
6.2 India Magnesium Nitrate Hexahydrate Market, By Primary Function |
6.2.1 Overview and Analysis |
6.2.2 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Solubilizing Agent, 2021-2031F |
6.2.3 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Dehydrating Agent, 2021-2031F |
6.2.4 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Oxidizing Agent, 2021-2031F |
6.2.5 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Reducing Agent, 2021-2031F |
6.2.6 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Catalyzing Agent, 2021-2031F |
6.2.7 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Others , 2021-2031F |
6.3 India Magnesium Nitrate Hexahydrate Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Additives, 2021-2031F |
6.3.3 India Magnesium Nitrate Hexahydrate Market Revenues & Volume, By Process Chemicals, 2021-2031F |
7 India Magnesium Nitrate Hexahydrate Market Import-Export Trade Statistics |
7.1 India Magnesium Nitrate Hexahydrate Market Export to Major Countries |
7.2 India Magnesium Nitrate Hexahydrate Market Imports from Major Countries |
8 India Magnesium Nitrate Hexahydrate Market Key Performance Indicators |
8.1 Average selling price of magnesium nitrate hexahydrate in the Indian market |
8.2 Percentage of market penetration of magnesium nitrate hexahydrate in the agriculture sector |
8.3 Number of new product innovations or formulations in the magnesium nitrate hexahydrate market |
9 India Magnesium Nitrate Hexahydrate Market - Opportunity Assessment |
9.1 India Magnesium Nitrate Hexahydrate Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.2 India Magnesium Nitrate Hexahydrate Market Opportunity Assessment, By Primary Function, 2021 & 2031F |
9.3 India Magnesium Nitrate Hexahydrate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Magnesium Nitrate Hexahydrate Market - Competitive Landscape |
10.1 India Magnesium Nitrate Hexahydrate Market Revenue Share, By Companies, 2024 |
10.2 India Magnesium Nitrate Hexahydrate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |