Magnesium Acetate Market Size

Magnesium Acetate Market size was over USD 11.06 million in 2024 and is anticipated to cross USD 21.38 million by 2037, growing at more than 5.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of magnesium acetate is estimated at USD 12 million.

The growth of the market can be attributed to the growing incidence of rheumatoid arthritis and osteoarthritis globally. Further, the growing aging population and an increase in the rate of obesity, across the globe are also expected to boost market growth. Additionally, the demand for magnesium acetate is increasing among people suffering from rheumatoid arthritis and osteoarthritis as it helps to reduce the pain related to these conditions. As of 2019, there were more than 500 million common cases of osteoarthritis worldwide.

In addition to these, factors that are believed to fuel the market growth of magnesium acetate include the increasing textile and clothing industries. The strong demand for clothing, particularly in developing nations such as India, and China, is predicted to present the potential for market expansion over the projected period. Furthermore, in the textile business, magnesium acetate is used as a drying agent and processing aid for fiber furnishing, which also aids in boosting fiber stability and lowering fabric shrinkage, which eventually enhances the caliber of the finished item.