The global magnesium chloride market is projected to grow from USD 737.9 million in 2025 to USD 1,225.4 million by 2035, reflecting a CAGR of 5.1%. In 2024, market revenue stood at USD 706.0 million. A year-on-year growth of 4.5% is expected in 2025. This growth is driven by rising demand across de-icing, dust control, and pharmaceutical sectors. Increasing industrial applications are further fueling global expansion.
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Emerging economies in the Asia-Pacific region are at the forefront of growth, fueled by rapid industrialization, urbanization, and infrastructure projects. The increasing adoption of green de-icing solutions and water conservation practices also supports market expansion. Advanced technologies in green manufacturing are further driving demand, while companies like ChemChina and Israel Chemicals Limited (ICL) are investing heavily in sustainable production methods and high-growth verticals like renewable energy.
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Key Industry Highlights
- Increased Use in Sustainable Construction Materials
Magnesium chloride is increasingly used in eco-friendly construction, particularly in the production of magnesium oxychloride cement (Sorel cement). This material is favored for its lightweight, fire resistance, and reduced carbon footprint. Urban areas such as Mumbai are adopting Sorel cement for efficient high-rise construction. Its sustainability and adaptability make it crucial in the future of green building.
- Eco-Friendly De-Icing Solutions
Magnesium chloride is gaining traction in colder regions for road safety due to its lower corrosiveness and environmental impact compared to traditional salts. Municipalities like Calgary, Canada are using it with corrosion inhibitors. Regulatory pressure and growing environmental awareness are expected to further boost its use in de-icing applications.
- Rising Demand in Industrial Water Treatment
Magnesium chloride plays a key role in water treatment and brine management by stabilizing pH and removing impurities. It's vital for industries like oil and gas, mining, and chemical processing. With rising environmental regulations, industries are adopting greener water treatment methods, increasing the use of magnesium chloride.
- High Production Costs and Energy Demands
Despite its potential, the magnesium chloride industry faces challenges due to energy-intensive production processes like electrolysis and evaporation. Rising energy costs, especially in Europe, are driving up prices. High-purity magnesium chloride for use in pharmaceuticals and energy storage adds to the expense, limiting its availability and competitiveness against cheaper alternatives.
The global magnesium chloride market is poised for significant growth over the next decade, driven by sustainability trends and expanding industrial applications. However, managing production costs and scaling sustainable practices will be key to unlocking its full potential.
