Magnesium Phosphate Market by Form (Monomagnesium Phosphate, Dimagnesium Phosphate, and Trimagnesium Phosphate), Application (Fertilizer, Animal Feed, Detergent, Food, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022–2030

Global Magnesium Phosphate Market Analysis

The global magnesium phosphate market accounted for $1,403.5 million in 2021 and is predicted to grow with a CAGR of 4.3%, by generating a revenue of $2,028.4 million by 2030.

Market Synopsis

Magnesium phosphate market is gaining huge popularity owing to wide range of health benefits due to which it is used in food & nutritional supplements. For instance, magnesium phosphate helps to combat fatigue and maintains the energy. It is an essential mineral for the health of bone and teeth. Also, it contributes to health of cell membranes, muscle, and nerve. It promotes healthy functioning of heart and muscles. Low magnesium levels in the body can increase the risk of diabetes, blood pressure, and heart disease.  

However, excessive use of magnesium phosphate as food supplements is not recommended as it can lead to nausea, irregular heartbeats, vomiting, and others. This factor is anticipated to hamper the magnesium phosphate market size in the upcoming years.

The emerging applications of magnesium phosphate in drinking water treatment and in construction sector is predicted to generate excellent growth opportunities. For instance, in the drinking water treatment, phosphates are used for corrosion reduction in water mains. In construction sector, magnesium phosphate cement is used owing to its low dry shrinkage, quick setting time, excellent strength & hardening properties, and others.

According to regional analysis, the Asia-Pacific magnesium phosphate market accounted for $597.0 million in 2021 and is predicted to grow with a CAGR of 5.0% in the projected timeframe.

Magnesium Phosphate Overview

Magnesium phosphates are the salts of magnesium and phosphate that appear in the form of hydrates. Magnesium phosphate is a source of dietary supplement. It is used to prevent the deficiency of vitamin E, pH control agent, in infant formula, and as a stabilizer. Magnesium phosphate supports muscle relaxation and prevents cramping of muscles.

COVID-19 Impact on the Magnesium Phosphate Market

The financial uncertainties caused by the COVID-19 pandemic has negatively impacted the demand & supply of magnesium phosphate market. This impact is majorly owing to the use of magnesium phosphate across various end use industries majorly fertilizers, construction, food, animal feed, and others. For instance, the construction sector was one of the hardest hits owing to delay or postponements in construction projects, labor shortages, financial pressures, and others. This has indirectly impacted the demand for magnesium phosphate as magnesium phosphate cement is used in construction owing to its excellent strength, quick setting time, and hardening properties. Similarly, the fertilizer sector has experienced a negative impact owing to delay in the availability of raw materials, closed borders, import-export restrictions, and other factors. All these factors have led to negative impact on magnesium phosphate market demand during the COVID-19 pandemic.

Major companies operating in magnesium phosphate market have implemented several initiatives to deal with COVID-19 uncertainties. For instance, Innophos, the leader in phosphate and nutrition solutions, implemented several initiatives such as providing regular guidance regarding hygiene, precautionary measures, social distancing, and safety practices at their facilities to prevent the spread of coronavirus.

Growing Application of Magnesium Phosphate in Construction Sector to Drive the Market Growth

The use of magnesium phosphate in construction sector especially as a cement is gaining huge popularity. The magnesium phosphate cement has various characteristics as it hardens rapidly due to which it can gain high strength within short period. This cement is produced via reaction between magnesium oxide and phosphate at room temperature. This magnesium phosphate cement can bind to various substrates such as metals, wood, asphalt, concrete, and plastics. Some of the key properties of magnesium phosphate cement include high strength, low shrinkage rate, quick setting time, low electrical conductivity, abrasion resistance, excellent thermal conductivity, and others. Also, magnesium phosphate cement offers excellent freeze & thaw resistance, non-combustible, resist fire, and corrosion resistance. This cement can resist water penetration owing to formation of insoluble complexes. These factors are anticipated to drive the magnesium phosphate market demand during the forecast period.               

To know more about global magnesium phosphate market drivers, get in touch with our analysts here.

Side Effects Associated with Excessive Intake of Magnesium Phosphate Dosage to Restrain the Market Growth

Excessive intake of magnesium phosphate dosage which can lead to severe side effects and fatalities is anticipated to restrain the market growth. Some of the side effects associated with excessive intake of magnesium phosphate include mental confusion, tiredness, vomiting, headache, nausea, breathing issues, and in severe cases, it can lead to death. These factors are major restraints for the magnesium phosphate market growth.

Use of Magnesium Phosphate in Animal Feed to Generate Excellent Growth Opportunities

The use of magnesium phosphate in animal nutrition as animal feed is anticipated to generate excellent growth opportunities. For instance, Yara UK Limited, the leading producer of crop nutrition solutions, offers Bolifor MGP+ which is widely used magnesium phosphate feed grade. It is used as a complete feed, mineral supplement, and concentrates to prevent phosphorous and magnesium deficiencies majorly in pigs, poultry, horses, cattle, and other animals. Bolifor MGP+ appears in the form of off-white granules which is odorless and has neutral taste. The Bolifor feed minerals offer several advantages owing to high consistency, quality, purity, feed efficiency, and digestibility. Also, these feed minerals have better taste that leads to less nutrient wastage by animals.        

To know more about global magnesium phosphate market opportunities, get in touch with our analysts here. 

[FORMGRAPH]

Source: Research Dive Analysis

The dimagnesium phosphate sub-type is anticipated to have a dominant market share and generate a revenue of $1,017.7 million by 2030, growing from $680.3 million in 2021. Dimagnesium phosphate is widely used as food additive as it does not have calories owing to which it has applications across nutritional supplements. Dimagnesium phosphate is widely used in making of wafers, pancakes, waffles, cakes, baking powders, refrigerated doughs, and others. Dimagnesium phosphate is considered as safer for use by European Union (EU) Commission Regulation, the part of European Parliament. It is used as acidulant in baking powders and has a neutralizing value of 40. These factors are anticipated to drive the dimagnesium phosphate market size during the forecast period. 

[APPLICATIONGRAPH]

Source: Research Dive Analysis

The fertilizer sub-segment is anticipated to have a dominant market share and generate a revenue of $1,312.8 million by 2030, growing from $870.7 million in 2021. Magnesium phosphate fertilizers offer essential nutrients such as magnesium to the growth of plants. This is because magnesium boosts the photosynthesis process, and its deficiency can affect the plant growth. Thus, magnesium phosphate fertilizer promotes healthy roots, improves the plant resilience against various diseases, promotes seed production, and formation of flowers. Also, magnesium phosphate fertilizer is used as a soil conditioner that leads to robust crop production and growth. Thus, magnesium phosphate fertilizers offer various agronomic benefits which is essential for the growth of crops and to improve the soil conditions.

[REGIONGRAPH]

Source: Research Dive Analysis

The Market for Magnesium Phosphate in Asia-Pacific to be the Most Dominant and Fastest Growing

The Asia-Pacific magnesium phosphate market accounted $597.0 million in 2021 and is projected to grow with a CAGR of 5.0%. The magnesium phosphate demand in the Asia-Pacific region is driven by its end use applications in fertilizers and construction sector. For instance, the construction industry in India is witnessing high growth owing to rising urbanization, development of megacities, and rapid infrastructure developments. In addition, China is leading producer and exporter of various fertilizers such as magnesium phosphate fertilizers. Even in India, the demand for fertilizer is high owing to majority of population being dependent on agriculture due to the presence of large arable land and to meet the food requirements of its growing population. All these factors are anticipated to drive the Asia-Pacific magnesium phosphate market demand during the forecast period.

Competitive Scenario in the Global Magnesium Phosphate Market

Business expansion and product launch are common strategies followed by major market players.

Source: Research Dive Analysis

Some of the leading magnesium phosphate market players are Jost Chemical Co, Innophos Holdings, Inc., Triveni Chemicals, Refractory Minerals, Celtic Chemicals Ltd, KRONOX Lab Sciences Ltd., Anmol Chemicals, Nikunj Chemicals, Hap Seng, and American Elements.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Form trends
2.3.Application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Magnesium Phosphate Market, by Form 

4.1.Monomagnesium Phosphate 

4.1.1.Key market trends, growth factors, and opportunities
4.1.2.Market size and forecast, by region, 2021-2030
4.1.3.Market share analysis, by country, 2021 & 2030

4.2.Dimagnesium Phosphate

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region, 2021-2030
4.2.3.Market share analysis, by country, 2021 & 2030

4.3.Trimagnesium Phosphate

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region, 2021-2030
4.3.3.Market share analysis, by country, 2021 & 2030

5.Magnesium Phosphate Market, by Application 

5.1.Fertilizer

5.1.1.Key market trends, growth factors, and opportunities
5.1.2.Market size and forecast, by region, 2021-2030
5.1.3.Market share analysis, by country, 2021 & 2030

5.2.Animal Feed

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2021-2030
5.2.3.Market share analysis, by country, 2021 & 2030

5.3.Detergent

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2021-2030
5.3.3.Market share analysis, by country, 2021 & 2030

5.4.Food

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region, 2021-2030
5.4.3.Market share analysis, by country, 2021 & 2030

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region, 2021-2030
5.5.3.Market share analysis, by country, 2021 & 2030

6.Magnesium Phosphate Market, by Region

6.1.North America

6.1.1.Key market trends, growth factors, and opportunities
6.1.2.Market size and forecast, by Form, 2021-2030
6.1.3.Market size and forecast, by Application, 2021-2030
6.1.4.Market size and forecast, by country, 2021-2030

6.1.5.U.S.

6.1.5.1.Market size and forecast, by Form, 2021-2030
6.1.5.2.Market size and forecast, by Application, 2021-2030

6.1.6.Canada

6.1.6.1.Market size and forecast, by Form, 2021-2030
6.1.6.2.Market size and forecast, by Application, 2021-2030

6.1.7.Mexico

6.1.7.1.Market size and forecast, by Form, 2021-2030
6.1.7.2.Market size and forecast, by Application, 2021-2030

6.2.Europe

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by Form, 2021-2030
6.2.3.Market size and forecast, by Application, 2021-2030
6.2.4.Market size and forecast, by country, 2021-2030

6.2.5.Germany 

6.2.5.1.Market size and forecast, by Form, 2021-2030
6.2.5.2.Market size and forecast, by Application, 2021-2030

6.2.6.UK

6.2.6.1.Market size and forecast, by Form, 2021-2030
6.2.6.2.Market size and forecast, by Application, 2021-2030

6.2.7.France

6.2.7.1.Market size and forecast, by Form, 2021-2030
6.2.7.2.Market size and forecast, by Application, 2021-2030

6.2.8.Italy

6.2.8.1.Market size and forecast, by Form, 2021-2030
6.2.8.2.Market size and forecast, by Application, 2021-2030

6.2.9.Spain

6.2.9.1.Market size and forecast, by Form, 2021-2030
6.2.9.2.Market size and forecast, by Application, 2021-2030

6.2.10.Rest of Europe

6.2.10.1.Market size and forecast, by Form, 2021-2030
6.2.10.2.Market size and forecast, by Application, 2021-2030

6.3.Asia Pacific

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by Form, 2021-2030
6.3.3.Market size and forecast, by Application, 2021-2030
6.3.4.Market size and forecast, by country, 2021-2030

6.3.5.China

6.3.5.1.Market size and forecast, by Form, 2021-2030
6.3.5.2.Market size and forecast, by Application, 2021-2030

6.3.6.Japan 

6.3.6.1.Market size and forecast, by Form, 2021-2030
6.3.6.2.Market size and forecast, by Application, 2021-2030

6.3.7.India

6.3.7.1.Market size and forecast, by Form, 2021-2030
6.3.7.2.Market size and forecast, by Application, 2021-2030

6.3.8.South Korea

6.3.8.1.Market size and forecast, by Form, 2021-2030
6.3.8.2.Market size and forecast, by Application, 2021-2030

6.3.9.Australia

6.3.9.1.Market size and forecast, by Form, 2021-2030
6.3.9.2.Market size and forecast, by Application, 2021-2030

6.3.10.Rest of Asia Pacific

6.3.10.1.Market size and forecast, by Form, 2021-2030
6.3.10.2.Market size and forecast, by Application, 2021-2030

6.4.LAMEA

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by Form, 2021-2030
6.4.3.Market size and forecast, by Application, 2021-2030
6.4.4.Market size and forecast, by country, 2021-2030

6.4.5.Brazil  

6.4.5.1.Market size and forecast, by Form, 2021-2030
6.4.5.2.Market size and forecast, by Application, 2021-2030

6.4.6.Saudi Arabia

6.4.6.1.Market size and forecast, by Form, 2021-2030
6.4.6.2.Market size and forecast, by Application, 2021-2030

6.4.7.United Arab Emirates

6.4.7.1.Market size and forecast, by Form, 2021-2030
6.4.7.2.Market size and forecast, by Application, 2021-2030

6.4.8.South Africa

6.4.8.1.Market size and forecast, by Form, 2021-2030
6.4.8.2.Market size and forecast, by Application, 2021-2030

6.4.9.Rest of LAMEA

6.4.9.1.Market size and forecast, by Form, 2021-2030
6.4.9.2.Market size and forecast, by Application, 2021-2030

7.Company profiles

7.1.Jost Chemical Co

7.1.1.Company overview
7.1.2.Operating business segments
7.1.3.Product portfolio
7.1.4.Financial performance
7.1.5.Key strategy moves and development

7.2.Innophos Holdings, Inc.

7.2.1.Company overview
7.2.2.Operating business segments
7.2.3.Product portfolio
7.2.4.Financial performance
7.2.5.Key strategy moves and development

7.3.Triveni Chemicals

7.3.1.Company overview
7.3.2.Operating business segments
7.3.3.Product portfolio
7.3.4.Financial performance
7.3.5.Key strategy moves and development

7.4.Refractory Minerals

7.4.1.Company overview
7.4.2.Operating business segments
7.4.3.Product portfolio
7.4.4.Financial performance
7.4.5.Key strategy moves and development

7.5.Celtic Chemicals Ltd

7.5.1.Company overview
7.5.2.Operating business segments
7.5.3.Product portfolio
7.5.4.Financial performance
7.5.5.Key strategy moves and development

7.6.KRONOX Lab Sciences Ltd.

7.6.1.Company overview
7.6.2.Operating business segments
7.6.3.Product portfolio
7.6.4.Financial performance
7.6.5.Key strategy moves and development

7.7.Anmol Chemicals

7.7.1.Company overview
7.7.2.Operating business segments
7.7.3.Product portfolio
7.7.4.Financial performance
7.7.5.Key strategy moves and development

7.8.Nikunj Chemicals

7.8.1.Company overview
7.8.2.Operating business segments
7.8.3.Product portfolio
7.8.4.Financial performance
7.8.5.Key strategy moves and development

7.9.Hap Seng

7.9.1.Company overview
7.9.2.Operating business segments
7.9.3.Product portfolio
7.9.4.Financial performance
7.9.5.Key strategy moves and development

7.10.American Elements

7.10.1.Company overview
7.10.2.Operating business segments
7.10.3.Product portfolio
7.10.4.Financial performance
7.10.5.Key strategy moves and development

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