Product Code: ETC086922 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In South Korea, the magnesium sulfate market is growing steadily, supported by its applications in agriculture, pharmaceuticals, and industrial processes. The market is driven by the increasing demand for magnesium sulfate as a fertilizer and soil amendment in the agriculture sector. Key manufacturers are focusing on expanding their production capacities and developing new product formulations to meet the diverse needs of their customers in South Korea and beyond.
The growing use of magnesium sulfate in agriculture, pharmaceuticals, and food processing industries is driving the growth of the market in South Korea. Magnesium sulfate, also known as Epsom salt, is valued for its role as a fertilizer, laxative, and ingredient in food and pharmaceutical products, contributing to its increasing demand and production in the country.
The South Korean magnesium sulfate market faces challenges associated with pricing volatility and market saturation. Despite the demand for magnesium sulfate in agriculture, pharmaceuticals, and industrial applications, the market is hindered by fluctuating raw material prices and competitive pricing strategies. Moreover, the regulatory landscape governing the use of magnesium sulfate in food and pharmaceutical industries necessitates compliance measures that can impact market growth. The market also confronts challenges related to environmental regulations and sustainability concerns regarding magnesium sulfate disposal and waste management, influencing investment decisions and competitive strategies.
The South Korean government implements policies to support the magnesium sulfate market, focusing on agricultural and industrial applications. The Ministry of Agriculture, Food and Rural Affairs regulates product quality and safety standards in magnesium sulfate-based fertilizers and food additives. Policies also support research and development in new applications for magnesium sulfate, including pharmaceuticals and cosmetics, to enhance market opportunities and ensure consumer safety.
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 South Korea Magnesium Sulphate Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Magnesium Sulphate Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Magnesium Sulphate Market - Industry Life Cycle |
3.4 South Korea Magnesium Sulphate Market - Porter's Five Forces |
3.5 South Korea Magnesium Sulphate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 South Korea Magnesium Sulphate Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.7 South Korea Magnesium Sulphate Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 South Korea Magnesium Sulphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Magnesium Sulphate Market Trends |
6 South Korea Magnesium Sulphate Market, By Types |
6.1 South Korea Magnesium Sulphate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 South Korea Magnesium Sulphate Market Revenues & Volume, By Form, 2021-2031F |
6.1.3 South Korea Magnesium Sulphate Market Revenues & Volume, By Crystal, 2021-2031F |
6.1.4 South Korea Magnesium Sulphate Market Revenues & Volume, By Powder, 2021-2031F |
6.1.5 South Korea Magnesium Sulphate Market Revenues & Volume, By Granules, 2021-2031F |
6.2 South Korea Magnesium Sulphate Market, By Types |
6.2.1 Overview and Analysis |
6.2.2 South Korea Magnesium Sulphate Market Revenues & Volume, By Heptahydrate, 2021-2031F |
6.2.3 South Korea Magnesium Sulphate Market Revenues & Volume, By Anhydrous, 2021-2031F |
6.2.4 South Korea Magnesium Sulphate Market Revenues & Volume, By Monohydrate, 2021-2031F |
6.2.5 South Korea Magnesium Sulphate Market Revenues & Volume, By Others, 2021-2031F |
6.3 South Korea Magnesium Sulphate Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 South Korea Magnesium Sulphate Market Revenues & Volume, By Fertilizer, 2021-2031F |
6.3.3 South Korea Magnesium Sulphate Market Revenues & Volume, By Medical, 2021-2031F |
6.3.4 South Korea Magnesium Sulphate Market Revenues & Volume, By Food Additive, 2021-2031F |
6.3.5 South Korea Magnesium Sulphate Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.6 South Korea Magnesium Sulphate Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.7 South Korea Magnesium Sulphate Market Revenues & Volume, By Others, 2021-2031F |
7 South Korea Magnesium Sulphate Market Import-Export Trade Statistics |
7.1 South Korea Magnesium Sulphate Market Export to Major Countries |
7.2 South Korea Magnesium Sulphate Market Imports from Major Countries |
8 South Korea Magnesium Sulphate Market Key Performance Indicators |
9 South Korea Magnesium Sulphate Market - Opportunity Assessment |
9.1 South Korea Magnesium Sulphate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 South Korea Magnesium Sulphate Market Opportunity Assessment, By Types, 2021 & 2031F |
9.3 South Korea Magnesium Sulphate Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 South Korea Magnesium Sulphate Market - Competitive Landscape |
10.1 South Korea Magnesium Sulphate Market Revenue Share, By Companies, 2024 |
10.2 South Korea Magnesium Sulphate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |