Global Magnesium Acetate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Form;

Powder, Crystal, and Granules.

By Purity;

Less than 98%, 98%-99%, 99%-99.5%, and More than 99.5%.

By Solubility;

Water Soluble, Alcohol-Soluble (Ethyl Alcohol, Methyl Alcohol), and Others.

By Grade;

Food Grade, Pharmaceutical Grade, and Technical Grade.

By End User;

Pharmaceutical Industry, Chemical Industry, Food Industry, Textiles Industry, Cosmetics Industry, Paper & Printing Industry, Agricultural & Feed Industry, and Transportation Industry.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn189274016 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Magnesium Acetate Market (USD Million), 2021 - 2031

In the year 2024, the Global Magnesium Acetate Market was valued at USD 1,106.90 million. The size of this market is expected to increase to USD 1,506.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.

The global magnesium acetate market has witnessed significant growth in recent years, driven by its diverse applications and increasing industrial use. Magnesium acetate, a white, crystalline compound commonly used as a de-icing agent and a stabilizer in various products, has seen rising demand due to its eco-friendly properties compared to traditional de-icing chemicals. This growth is largely attributed to the compound's effectiveness in preventing ice formation on roadways and its minimal environmental impact, which aligns with the growing trend towards sustainability in industrial practices.

Its use in de-icing, magnesium acetate plays a crucial role in the textile and leather industries as a stabilizer and a mordant. Its ability to improve the quality of finished products while reducing harmful effects on the environment has made it a preferred choice among manufacturers. The demand from these sectors has further boosted the market, as industries seek to enhance product performance while adhering to stricter environmental regulations.

The pharmaceutical and agricultural sectors have also contributed to the expansion of the magnesium acetate market. In pharmaceuticals, magnesium acetate is used as a laxative and in various formulations due to its safety and efficacy. In agriculture, it is employed as a soil amendment to correct magnesium deficiencies and improve crop yield. The increasing emphasis on health and food security has propelled the demand for magnesium acetate in these applications, highlighting its versatile utility.

Geographical factors have also played a role in market growth, with North America and Europe leading in consumption due to their advanced infrastructure and stringent environmental regulations. However, the Asia-Pacific region is emerging as a significant growth driver, propelled by rapid industrialization and urbanization. As these regions invest in sustainable infrastructure and industrial processes, the demand for magnesium acetate is expected to rise substantially.

The global magnesium acetate market is poised for continued expansion, driven by ongoing innovation and increasing applications across various industries. The focus on environmental sustainability, coupled with advancements in production technology, will likely open new opportunities for market players. As industries continue to seek eco-friendly solutions, magnesium acetate’s role as a versatile and environmentally responsible compound will be pivotal in shaping its future growth trajectory.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Purity
    3. Market Snapshot, By Solubility
    4. Market Snapshot, By Grade
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Global Magnesium Acetate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental Regulations
        2. De-Icing Efficiency
        3. Industrial Demand
        4. Sustainable Practices
      2. Restraints
        1. High Production Costs
        2. Raw Material Availability
        3. Regulatory Challenges
        4. Limited Awareness
      3. Opportunities
        1. Emerging Markets
        2. Technological Advancements
        3. Increased Urbanization
        4. Product Innovations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Magnesium Acetate Market, By Form, 2021 - 2031(USD Million)
      1. Powde
      2. Crystal
      3. Granules
    2. Global Magnesium Acetate Market, By Purity, 2021 - 2031(USD Million)
      1. Less than 98%
      2. 98%-99%
      3. 99%-99.5%
      4. More than 99.5%
    3. Global Magnesium Acetate Market, By Solubility, 2021 - 2031(USD Million)
      1. Water Soluble
      2. Alcohol-Soluble (Ethyl Alcohol, Methyl Alcohol)
      3. Others
    4. Global Magnesium Acetate Market, By Grade, 2021 - 2031(USD Million)
      1. Food Grade
      2. Pharmaceutical Grade
      3. Technical Grade
    5. Global Magnesium Acetate Market, By End User, 2021 - 2031 (USD Million)
      1. Pharmaceutical Industry
      2. Chemical Industry
      3. Food Industry
      4. Textiles Industry
      5. Cosmetics Industry
      6. Paper & Printing Industry
      7. Agricultural & Feed Industry
      8. Transportation Industry
    6. Global Magnesium Acetate Market, By Geography, 2021 - 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Merck KGaA
      2. Niacet Corporation
      3. VASA PharmaChem
      4. Celtic Chemicals
      5. Hefei TNJ Chemical Industry
      6. American Elements
      7. Shanxi Zhaoyi Chemical
      8. Yuanfu Chemical
      9. Wuxi Yangshan Biochemical
  7. Analyst Views
  8. Future Outlook of the Market