Magnesium Acetate Market Segmentation:
Type Segment Analysis
The global magnesium acetate market is segmented and analyzed for demand and supply by type into anhydrous magnesium acetate and hydrous magnesium acetate. Out of the two types, the anhydrous magnesium acetate segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the growing demand for medicines. The demand can be witnessed on the account of rising prevalence of a variety of diseases across the globe. This in turn is rising the use of anhydrous magnesium acetate, and also used for making a variety of pharmaceutical formulations, such as tablets, syrups, and capsules. It is also helpful in treating constipation when used as a laxative with magnesium salt. Further, when used with aluminum salts that cause intestinal retention, it can have a synergistic impact to restore normal bowel function. In the United States, total prescription medication spending increased by more than 4% in 2019.
Application Segment Analysis
The global magnesium acetate market is also segmented and analyzed for, demand and supply by application in the pharmaceutical Industry, food industry, textile industry, transportation industry, and others. Amongst these three segments, the textile industry segment is expected to garner a significant share. Magnesium acetate is in great demand in the textile sector, as they are mainly used to create a variety of compounds, including dyes and pigments. They are used in the dyeing of textiles, and also act as a processing aid for fiber finishing in the textile industry. Further, magnesium acetate is also applied to a variety of products in construction, paper, plastic, paint, and other sectors.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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