A survey conducted by Hebei Messi Biology Co., Ltd. shows that my country’s pharmaceutical and food-grade magnesium carbonate is in a continuous growth, which shows that the market demand for the magnesium carbonate industry is considerable. At present, the overall pattern of the magnesium carbonate industry is a seller’s market, and suppliers have strong bargaining power. The growth rate of China’s magnesium carbonate industry was about 20% in 2018 and about 35% in 2019. The market consumption of magnesium carbonate is stable, which makes this industry relatively less affected by the economic cycle, and generally has a stable growth rate of 8%-20% every year.
The magnesium carbonate industry is in urgent need of a new round of transformation and upgrading. Magnesium carbonate companies represented by Hebei Messi Biology Co., Ltd. are the leaders in China’s magnesium carbonate industry. In the domestic magnesium carbonate enterprise structure, small and medium-sized enterprises account for the majority, most of which are mainly engaged in the production of low-end magnesium carbonate, and many magnesium carbonates are of low quality. “Workshop-style production” can be used to describe the operating status of most small and medium-sized magnesium carbonate companies. Products lack appeal and competitiveness, and many low-end and medium-end companies are trapped in the dilemma of low-price competition.
Although pharmaceutical and food grade magnesium carbonate has a broad market, the cost of raw materials and labor continues to increase, which makes the low-cost advantage of domestic magnesium carbonate enterprises gradually disappear. The domestic magnesium carbonate industry has entered a stage of improving level and quality. Enterprises must focus on technology upgrading and independent innovation, accelerate the promotion of quality upgrading, and take the sustainable path of environmental protection.