Magnesium sulfate is a type of chemical compound which is an inorganic salt which is a mix of sulfur, oxygen, and magnesium, and the chemical formula for the same would be MgSO4. Magnesium sulfate is often presented as epsomite and sulfate minerals and it is also globally termed as Bitter salt, English salt, and Epsom salt (heptahydrate). This compound also comes about in hydrated forms, which includes heptahydrate and monohydrate. Each heptahydrate and monohydrate comprises of seven and one H2O molecules respectively. Magnesium sulfate has its applications in many sectors including Healthcare and Agriculture. In the medical segment, this compound is used externally as well as internally. Magnesium sulfate is a white crystalline solid while possessing great solubility in water and is odorless. This heptahydrated form of this compound can be artificially obtained by neutralizing magnesium carbonate or oxide with sulfuric acid. However, more often it is obtained directly from the natural sources. The anhydrous version of magnesium sulfate is prepared by dehydrating a hydrate. Internally, this compound is used for replacement therapies, aggravations of asthma, eclampsia, hypomagnesaemia, and cerebral palsy. Besides, externally this compound is used during pregnancy. In the agricultural sector, this compound acts as a great fertilizer particularly while boosting the growth of plants
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The global magnesium sulfate market is anticipated to gain lucrative profit while growing at a steady CAGR during the forecast period. Magnesium sulfate has immense significance in gardening and various other agricultural processes owing to its sulfur or magnesium deficiency-correcting properties in the soil. This compound being one of the crucial components of several fertilizers is driving the market’s growth substantially. Magnesium sulfate has great application in the medical segment owing to it being most cost-efficient, most effective and also the safest available treatment option. The constantly escalating population coupled with robust demand for superior quality food has led to increased pressure on the farmers to improve the quality of the agricultural products. Furthermore, rising demand for food on a global level, along with elevated applications of magnesium sulfate for medical and healthcare purposes are fuelling the global magnesium sulfate market during the forecast period. As more and more technical advances creep-in right out of the R&D department of major companies regarding the usage of this compound, the global demand will keep ascending. Contrarily, a few allergic reactions such as diarrhea, upset stomach, and/or skin infection will possibly hinder the market growth of magnesium sulfate during the forecast period.
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Geographically, Asia Pacific is witnessed to be the most rapid growing market in the next few years owing to the rising demand for higher quantity of food from countries such as India, China because of the escalating population. The consumption of fertilizer in these regions is increasing considerably in order to attain greater yield, which is resulting in higher consumption of magnesium sulfate. The leading producer of this compound is Chine, followed by the U.S. and Russia respectively. The global magnesium sulfate market is anticipated to grow at a reasonable paced CAGR in the future. A few of the key market players of this industry are Giles Chemical, Laizhou City Laiyu, K+S, UMAI, Laizhou Litong, PQ Corp, Nafine, Laizhou Jinxin, PENOLES, Tianjin Changlu Haijing, Yantai Sanding, Dalian Star Grace, Maoming XDF, Weifang Huakang, Yingkou Magnesite, Nanning Jingjing, Haifa, Qinghai Liyada, and Zibo Jinxing.
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