Magnesium Acetate Market

By Product Form;

Powder, Granules and Solution

By Application;

Textile, Food Additives, Pharmaceuticals, Chemical Reagents and Others

By End-User Industry;

Textile Industry, Food & Beverage Industry, Pharmaceutical Industry, Chemical Industry and Others

By Geography;

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

Magnesium Acetate Market Overview

Magnesium Acetate Market (USD Million)

Magnesium Acetate Market was valued at USD 1,106.90 million in the year 2024. 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%.


Magnesium Acetate Market

*Market size in USD million

CAGR 4.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.5 %
Market Size (2024)USD 1,106.90 Million
Market Size (2031)USD 1,506.34 Million
Market ConcentrationHigh
Report Pages373
1,106.90
2024
1,506.34
2031

Major Players

  • Merck KGaA
  • Niacet Corporation
  • VASA PharmaChem
  • Celtic Chemicals
  • Hefei TNJ Chemical Industry
  • American Elements
  • Shanxi Zhaoyi Chemical
  • Yuanfu Chemical
  • Wuxi Yangshan Biochemical

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Magnesium Acetate Market

Fragmented - Highly competitive market without dominant players


The Magnesium Acetate Market is gaining traction as industries increasingly adopt it for diverse applications in textiles, food preservation, and chemical synthesis. Its role as a buffering agent and catalyst has positioned it as a vital compound across industrial and commercial sectors. Demand has expanded by over 30% in the last decade, driven by its efficiency, eco-friendliness, and cost-effectiveness.

Key Drivers Accelerating Growth
Rising demand from the textile industry for fabric finishing, coupled with its use in de-icing solutions, is boosting market adoption. Nearly 40% of magnesium acetate consumption is linked to textiles and industrial coatings, highlighting its importance in manufacturing and treatment processes worldwide.

Advancements Strengthening Market Adoption
The market is benefitting from innovations in eco-friendly chemicals and sustainable manufacturing. Around 35% of chemical producers are integrating magnesium acetate into greener product lines. This shift toward biodegradable and non-toxic materials is expanding its appeal across industries aiming to reduce environmental impact.

Growth Outlook and Opportunities
With increasing investments in sustainable chemicals and rising awareness of its versatile applications, the magnesium acetate market is poised for consistent growth. Industry collaborations and product innovations are expected to unlock new opportunities, positioning it as a key compound in global industrial and consumer applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Form
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-User Industry
    4. Market Snapshot, By Region
  4. 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
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. 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. Magnesium Acetate Market, By Product Form, 2021 - 2031 (USD Million)
      1. Powder
      2. Granules
      3. Solution
    2. Magnesium Acetate Market, By Application, 2021 - 2031 (USD Million)
      1. Textile
      2. Food Additives
      3. Pharmaceuticals
      4. Chemical Reagents
      5. Others
    3. Magnesium Acetate Market, By End-User Industry, 2021 - 2031 (USD Million)
      1. Textile Industry
      2. Food & Beverage Industry
      3. Pharmaceutical Industry
      4. Chemical Industry
      5. Others
    4. 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 Co., Ltd.
      8. Yuanfu Chemical
      9. Wuxi Yangshan Biochemical
      10. Weifang Yuze Chemical
      11. Lehmann & Voss & Co.
      12. Ava Chemicals
      13. UMAI Chemical
      14. ProChem, Inc.
      15. Scimplify
  7. Analyst Views
  8. Future Outlook of the Market