Rising Use of Magnesium Nitrate in the Manufacturing of Fertilizers Drives the Magnesium Nitrate Market Growth

Wed, 23 September 2020 11:57

Magnesium Nitrate is an inorganic nitrate salt (Mg (NO3)2), which is used as an oxidizing agent in various industries as it forms a flammable mixture when mixed with hydrocarbons. Magnesium nitrate is extensively used in the manufacturing of agricultural products, such as fertilizers. Several manufacturers are developing fertilizer using magnesium nitrate; for instance, Haifa Group developed Magnisal™, a magnesium nitrate-based fertilizer that improves the growth of crops. Magnesium nitrate fertilizer provides crops with readily available magnesium, which is essential for their healthy growth.

Magnesium Nitrate Uses

  • Magnesium Nitrate is used as a dehydrating agent in the preparation of concentrated nitric acid
  • It is also used in the production of different petrochemicals and ammonium nitrate
  • Magnesium nitrate is also used as a viscosity adjuster in chemical industries
  • It is used in the manufacturing of agricultural products
  • Magnesium nitrate is used in the making of toner and colorant products
  • It is also used in the mining process

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Health Hazards Associated with Magnesium Nitrate

Magnesium nitrate is considered as a strong oxidizer, and its contact with other materials may cause an explosion. Exposure to magnesium nitrate can cause mild irritation in the mucous membranes. Swallowing large doses of magnesium nitrate can result in dizziness, weakness, vomiting, bloody diarrhea, abdominal pain, and convulsions. When it comes to contact with skin, it can cause redness, irritation, and pain.  

Key Players

  • William Blythe Limited
  • Ricca Chemical Company, LLC
  • GFS Chemicals, Inc.
  • Cosmic Chemicals
  • Avantor Performance Materials
  • BeanTown Chemical Corporation
  • Spectrum Chemical Manufacturing Corporation
  • Columbus Chemical Industries Inc.

Magnesium Nitrate Market: Segmentation

By Manufacturing Process

  • Nitromagnesite
  • Synthetic

By Function

  • Solubilizing Agent
  • Dehydrating Agent
  • Oxidizing Agent
  • Reducing Agent
  • Catalyzing Agent

By Application

  • Additives
    • Nitric Acid
    • Specialty Chemicals
    • Fertilizers
  • Catalysts
    • Petrochemicals
    • Pyrotechnics/Explosives

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • The Netherlands
  • Russia
  • The Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Singapore
  • Vietnam
  • Rest of Europe

Central and South America and the Caribbean

  • Brazil
  • Argentina
  • Colombia
  • The Rest of Central and South America and the Caribbean

The Middle East

  • Saudi Arabia
  • The UAE
  • Oman
  • Bahrain
  • The Rest of the Middle East

Africa

  • Nigeria
  • South Africa
  • Ghana
  • Tanzania
  • The Rest of Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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