The global magnesium sulfate market size was estimated at USD 950.5 million in 2024 and is projected to reach USD 1,498.3 million by 2030, growing at a CAGR of 7.8% from 2025 to 2030. Growth is being driven by rising demand across agriculture, pharmaceuticals, personal care, and industrial sectors, coupled with sustainability initiatives and increased awareness of magnesium deficiencies in soil and human health. Magnesium sulfate’s versatility as a fertilizer, industrial additive, and medical treatment positions it as a critical input in diverse applications.
The agricultural sector remains a major growth driver, with precision and conventional farming increasingly adopting magnesium sulfate-based fertilizers to address micronutrient deficiencies. In the pharmaceutical sector, injectable magnesium sulfate is widely used in maternal healthcare protocols, providing a stable demand base. Production innovations, particularly brine-based extraction methods, are improving cost efficiency and resource sustainability, enhancing the competitiveness of magnesium sulfate against mined alternatives. A key market challenge is the inconsistent product standards across geographies, particularly for agricultural and industrial grades, whereas pharmaceutical and food-grade variants are regulated under strict international standards such as USP, BP, and FCC.
Key Market Trends & Insights
- Europe held the largest revenue share of 45.1% in 2024.
- The Germany market is driven by advanced agricultural practices, a robust industrial base, and high demand in pharmaceutical and personal care applications.
- By application, agriculture-grade magnesium held the largest revenue share of over 48.0% in 2024.
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Market Performance
- 2024 Market Size: USD 950.5 Million
- 2030 Projected Market Size: USD 1,498.3 Million
- CAGR (2025–2030): 7.8%
- Europe: Largest market in 2024
Competitive Landscape
Key players are strengthening their market presence through expansion, partnerships, and strategic initiatives aimed at broadening product reach and market penetration. Companies focus on leveraging technological improvements in extraction, sustainable production, and value-added applications to capitalize on growing global demand.
Key Companies
- Mani Agro Chem
- Weifang City Huakang Magnesium Sulphate Factory
- Zibo Jinxing Chemical Co., Ltd
- Vinipul Inorganics Private Limited
- China Nafine Group International Co., Ltd
- ACURO ORGANICS LIMITED
- Global Calcium
- Richase Enterprise PTE. LTD
- ICL
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Conclusion
The magnesium sulfate market is poised for steady growth, underpinned by increasing applications in agriculture, healthcare, and industrial sectors. Rising focus on sustainability, innovations in production techniques, and heightened awareness of nutritional and environmental benefits are expected to drive continued adoption globally.
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