The market size of magnesium sulfate maintains a year-on-year growth trend, and the industry still has considerable room for development.

Magnesium sulfate is a magnesium-containing compound with the molecular formula MgSO4. It is colorless or white crystal or powder. It is easily soluble in water, slightly soluble in ethanol, glycerol, and ether, and insoluble in acetone.

The upstream of the magnesium sulfate industry chain supplies raw materials such as magnesium oxide, magnesium carbonate, and sulfuric acid. With the continuous development of my country’s chemical industry, domestic sulfuric acid production has continued to grow in recent years driven by market demand. In 2022, the output will exceed 95 million tons, which can provide The development of the industry provides sufficient raw materials; the midstream is for the production of products; the downstream is widely used in medicine, fertilizer, printing and dyeing, building materials, food, paper and other fields.

In the field of medicine, magnesium sulfate can be used to treat diseases such as tetanus, uremia, cholecystitis and cholelithiasis; in the field of fertilizers, magnesium sulfate can be used as a soil conditioner to improve soil magnesium deficiency; in the field of building materials, magnesium sulfate can be made into sulfur dioxide Magnesium cement is used in the production of fireproof boards, insulation boards and other products.

According to the “my country Magnesium Sulfate Venture Capital Industry Analysis Report 2023-2028” released by the Industrial Research Center, with the aging of our country The process continues to accelerate, the number of elderly people continues to grow, medical and health needs continue to grow, the scale of superimposed industrial production continues to expand, and industries such as fertilizer and papermaking continue to develop. In recent years, the domestic magnesium sulfate market has maintained a year-by-year growth trend, and the industry has good development prospects. In 2022, my country’s magnesium sulfate market size will be approximately 1.3 billion yuan, a year-on-year increase of approximately 12%. Affected by rising labor costs and advances in production technology, the average market price of magnesium sulfate has generally shown an upward trend in recent years, and will be approximately 700 yuan/ton in 2022.

Driven by market demand, my country’s magnesium sulfate industry is developing rapidly, with production scale expanding and output growing. In 2022, domestic magnesium sulfate production will be approximately 2.74 million tons, and demand will be approximately 1.8 million tons. At present, China is the world’s largest producer and exporter of magnesium sulfate. Its products not only meet the needs of the domestic market, but are also exported to many foreign countries. In 2022, my country’s magnesium sulfate export volume will be approximately 930,000 tons, with the main exporting countries including Mexico, Malaysia, Indonesia, and Bangladesh.

There are various ways to prepare magnesium sulfate, including sulfuric acid method, salt lake bitter brine method, by-product method, sulfur dioxide catalytic method, double sun carbonation method, magnesium method flue gas desulfurization, etc. Among them, the sulfuric acid method and the by-product method are the main production processes of magnesium sulfate in China.

Industry analysts said that with the continuous development of the industry, the number of magnesium sulfate manufacturers in my country continues to increase, and the output continues to grow, but the main products Concentrated in the mid-to-low-end market, the industry still has considerable room for development. The main domestic magnesium sulfate manufacturers include Laizhou Laiyu Chemical Co., Ltd., Guangxi Yinyi New Materials Co., Ltd., Yingkou Xinyao Magnesium Industry Co., Ltd., Nanfeng Chemical Group Co., Ltd., etc. In the context of advancing environmental protection policies, magnesium sulfate production companies need to continuously improve production technology, update production equipment, improve production efficiency, reduce pollution emissions, and promote the development of the industry in a green and sustainable direction.