Magnesium Chloride Market

By Product Form;

Liquid and Solid

By Grade;

Industrial and Food & Pharmaceuticals

By Application;

Deicing Agent, Dust Suppressants, Chemicals & Derivatives, Building Materials, Pharmaceuticals, Food & Feed and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn101591689 Published Date: September, 2025 Updated Date: October, 2025

Magnesium Chloride Market Overview

Magnesium Chloride Market (USD Million)

Magnesium Chloride Market was valued at USD 2,702.05 million in the year 2024. The size of this market is expected to increase to USD 3,461.08 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.6%.


Magnesium Chloride Market

*Market size in USD million

CAGR 3.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.6 %
Market Size (2024)USD 2,702.05 Million
Market Size (2031)USD 3,461.08 Million
Market ConcentrationHigh
Report Pages303
2,702.05
2024
3,461.08
2031

Major Players

  • Shouguang Dingsheng Chemical
  • Israel Chemicals
  • Shandong Haihua Group
  • Huitai Investment Group

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Magnesium Chloride Market

Fragmented - Highly competitive market without dominant players


The Magnesium Chloride Market is witnessing consistent growth, driven by its diverse utility in chemicals, construction, and health applications. Over 40% of demand arises from de-icing and dust control, where it outperforms traditional agents with higher efficiency and cost-effectiveness. Its adaptability across multiple domains has made it an indispensable industrial material.

Role in Construction Materials
Accounting for more than 25% of utilization, construction remains a major growth driver. Magnesium chloride’s ability to enhance strength and act as a sustainable binding material makes it vital in lightweight cement and flooring systems. Growing emphasis on eco-friendly infrastructure continues to accelerate its demand in this segment.

Health and Nutritional Demand
The healthcare sector contributes around 15% of the demand, as magnesium chloride is widely used in dietary supplements and therapeutic remedies. Its effectiveness in maintaining bone strength, cardiac health, and muscle function supports its growing use in wellness. Rising consumer focus on mineral-based health solutions is expanding its market footprint.

Future Growth Path
The magnesium chloride market is on a steady growth trajectory as industries seek sustainable and efficient solutions. From green construction to nutritional health, its broad application base ensures long-term adoption. Backed by innovation and cross-industry integration, magnesium chloride stands as a key enabler of industrial and healthcare progress.

  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 Grade
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Magnesium Chloride Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. De-Icing and Dust Control Demand
        2. Agricultural Applications
        3. Industrial Usage
        4. Environmental Benefits
        5. Technological Advancements
      2. Restraints
        1. Price Volatility
        2. Environmental Concerns
        3. Regulatory Challenges
        4. Supply Chain Issues
      3. Opportunities
        1. Emerging Market Growth
        2. Sustainable Agriculture Practices
        3. Expansion in Industrial Applications
        4. Innovation in Product Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. 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 Chloride Market, By Product Form, 2021 - 2031 (USD Million)
      1. Liquid
      2. Solid
    2. Magnesium Chloride Market, By Grade, 2021 - 2031 (USD Million)
      1. Industrial
      2. Food & Pharmaceuticals
    3. Magnesium Chloride Market, By Application, 2021 - 2031 (USD Million)
      1. Deicing Agent
      2. Dust Suppressants
      3. Chemicals & Derivatives
      4. Building Materials
      5. Pharmaceuticals
      6. Food & Feed
      7. Others
    4. Magnesium Chloride 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. Shouguang Dingsheng Chemical
      2. Israel Chemicals
      3. Shandong Haihua Group
      4. Huitai Investment Group
  7. Analyst Views
  8. Future Outlook of the Market