Thailand Magnesium Nitrate Hexahydrate Market (2025-2031) Outlook | Industry, Forecast, Share, Revenue, Trends, Value, Companies, Analysis, Growth & Size

Thailand Magnesium Nitrate Hexahydrate Market Synopsis

Thailand magnesium nitrate hexahydrate market size was valued at USD 10.4 million in 2025 and is expected to register a CAGR of 5.6%. The increase in demand for fertilizers and soil conditioners is one of the major drivers boosting the growth of this market in Thailand. Moreover, magnesium nitrates are used as nutrition supplements that aid crop growth and development, thus further contributing to its rising demand among farmers across the country. Furthermore, technological advancements such as nanotechnology-based products have led to an increased adoption rate of MgN6H2O products among farmers in recent years.

Drivers of the Market

Magnesium nitrate hexahydrate finds application in fertilizers, explosives, and pyrotechnics. The agriculture sector`s demand for magnesium-rich fertilizers is a major driver. Additionally, its use in various industrial processes contributes to market growth.

Challenges of the Market

The magnesium nitrate hexahydrate market faces challenges attributed to its relatively niche applications. Expanding its usage in sectors beyond chemicals and agriculture will be critical for market growth.

COVID-19 Impact on the Market

Changes in industrial activities could have affected the demand for magnesium nitrate hexahydrate, used in various sectors including agriculture and chemical synthesis.

Key Players in the Market

The magnesium nitrate hexahydrate market in Thailand finds application in sectors like agriculture and chemicals. Key players like American Elements and GFS Chemicals contribute to the supply chain, ensuring the availability of magnesium nitrate hexahydrate for various industrial needs.

Key Highlights of the Report:

• Thailand Magnesium Nitrate Hexahydrate Market Outlook
• Market Size of Thailand Magnesium Nitrate Hexahydrate Market, 2024
• Forecast of Thailand Magnesium Nitrate Hexahydrate Market, 2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Revenues & Volume for the Period 2021-2031
• Thailand Magnesium Nitrate Hexahydrate Market Trend Evolution
• Thailand Magnesium Nitrate Hexahydrate Market Drivers and Challenges
• Thailand Magnesium Nitrate Hexahydrate Price Trends
• Thailand Magnesium Nitrate Hexahydrate Porter's Five Forces
• Thailand Magnesium Nitrate Hexahydrate Industry Life Cycle
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Manufacturing Process for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Nitromagnesite for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Synthetic Process for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Primary Function for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Solubilizing Agent for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Dehydrating Agent for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Oxidizing Agent for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Reducing Agent for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Catalyzing Agent for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Additives for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Nitrate Hexahydrate Market Revenues & Volume By Process Chemicals for the Period 2021-2031
• Thailand Magnesium Nitrate Hexahydrate Import Export Trade Statistics
• Market Opportunity Assessment By Manufacturing Process
• Market Opportunity Assessment By Primary Function
• Market Opportunity Assessment By Application
• Thailand Magnesium Nitrate Hexahydrate Top Companies Market Share
• Thailand Magnesium Nitrate Hexahydrate Competitive Benchmarking By Technical and Operational Parameters
• Thailand Magnesium Nitrate Hexahydrate Company Profiles
• Thailand Magnesium Nitrate Hexahydrate Key Strategic Recommendations