Hebei Messi Biology Co., Ltd. stated that magnesium carbonate is an inorganic substance with a uniform appearance of white or milky white powder. It has good water resistance, compatibility, filling, adsorption and hygroscopicity. With its good properties, magnesium carbonate is often used as an alkaline agent, desiccant, color-protecting agent, anti-caking agent, carrier, leavening agent and acidity regulator in food, medicine, daily chemicals, textiles, plastics and personal care. and other fields.
Overall, the output of the global magnesium carbonate industry has been relatively stable in recent years. Affected by pandemic in previous years, the operating rate of magnesium carbonate-related companies has been low, resulting in a decline in the output of the global magnesium carbonate industry. In 2020, the global magnesium carbonate industry output is close to , a decrease of about tons compared with 2019. Thanks to the rise of emerging economies, the Asia-Pacific region has become the fastest growing region in the global magnesium carbonate market. Among them, China, Indonesia and other countries are important driving forces for the growth of the magnesium carbonate market in the Asia-Pacific region.
According to different application fields, magnesium carbonate can be subdivided into food grade magnesium carbonate, pharmaceutical grade magnesium carbonate and industrial grade magnesium carbonate; according to different product dosage forms, magnesium carbonate can be further subdivided into powdered magnesium carbonate and granular magnesium carbonate, among which Powdered magnesium carbonate is the mainstream product in the market. Powdered magnesium carbonate is often used as an anti-caking agent and drug release agent in daily chemicals, medicine, food and other fields. With the rapid development of downstream markets, the market size of powdered magnesium carbonate will continue to expand.
From a domestic perspective, my country is the world’s main producer of magnesium carbonate. Thanks to the continued release of market demand, the output of my country’s magnesium carbonate industry has shown a year-by-year growth trend. By 2020, the output of my country’s magnesium carbonate industry has reached more than tons. There are a large number of domestic magnesium carbonate production companies, but overall they are mainly small and medium-sized enterprises, and the market concentration is not high. At present, the largest domestic magnesium carbonate production companies include Hebei Messi Biology Co., Ltd. As environmental protection supervision becomes increasingly strict and market competition intensifies, magnesium carbonate companies with backward production capacity will accelerate their exit from the market in the future, and the magnesium carbonate market concentration will increase by then.
Hebei Messi Biology Co., Ltd. said that magnesium carbonate has excellent performance, wide range of downstream applications, growing market demand, and broad room for future industry development. At present, the magnesium carbonate market in the Asia-Pacific region is developing rapidly. my country is one of the important driving forces for the development of the magnesium carbonate market in the Asia-Pacific region. As the output of the domestic magnesium carbonate industry continues to grow, my country’s position in the international market will be further enhanced in the future.