August 14, 2019 by Steve Blade
Fact.MR has actively published a new research study titled “Magnesium Nitrate Hexahydrate Market” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the Magnesium Nitrate Hexahydrate Market during the period between 2018-28. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.
The petrochemical industry in the U.S. has witnessed a significant growth in recent years according to the International Energy Agency (IEA). The United States Energy Agency (USEA) foresees the production of petrochemicals in the U.S, to record 20% rise by 2020-end. North American stakeholders in the magnesium nitrate hexahydrate market can leverage the growth opportunities paved by rising production and export of petrochemicals from the U.S.
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Table of Content
Chapter 1. Executive Summary
Chapter 2. Global Magnesium Nitrate Hexahydrate Market Overview
Chapter 3. Market Dynamics
To be Continue.............
An attractive feature of this report on the magnesium nitrate hexahydrate market is a detailed analysis of the various market segments and the regional magnesium nitrate hexahydrate markets. The report studies the performance of the magnesium nitrate hexahydrate market on the basis of manufacturing process, primary function, application, and region. Critical value and volume data is provided for each of the segments for the entire duration of the forecast period.
Government of Mexico’s National Infrastructural Plan is a prime example of such development efforts. This, coupled with abundant availability of magnesite/magnesium carbonate in Brazil will continue to pave lucrative growth opportunities for growth of the magnesium nitrate hexahydrate market in Latin America, with magnesite being a key raw material for the chemical’s production.
Manufacturing of nitrogen fertilizers involves use of magnesium nitrate hexahydrate, as the compound is a rich source of nitrogen. Growing requirement for nitrogen fertilizers in tandem with the steadily growing agricultural sector will continue to fuel growth of the magnesium nitrate hexahydrate market. The Food and Agricultural Organization (FAO) states that demand for nitrogen fertilizers across the globe has remained significant in recent years, with sales estimated to close in on 119,418,000 tons by 2018-end. Given such robust sales of nitrogen fertilizers, growth of the magnesium nitrate hexahydrate market will continue to surge in the foreseeable future.
Significant benefits of magnesium in the fixation of nitrogen, and controls nutrient uptake in plants, has further translated into robust use of this compound in the fertilizer industry, particularly in nitrogen fertilizer production. As magnesium nitrate hexahydrate is a core source of nitrogen, steady adoption in the fertilizer industry will significantly impact growth of the magnesium nitrate hexahydrate.
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