Magnesium Chloride De-icing Granule by Type (Overview: Global Magnesium Chloride De-icing Granule Consumption Value, Magnesium Chloride Hexahydrate, Anhydrous Magnesium Chloride), by Application (Overview: Global Magnesium Chloride De-icing Granule Consumption Value, Highway, Parking Lot, Airport, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global magnesium chloride de-icing granule market size was valued at USD 2.5 billion in 2023 and is projected to grow from USD 2.7 billion in 2024 to USD 5.0 billion by 2033, exhibiting a CAGR of 7.2% during the forecast period (2024-2033). The increasing demand for magnesium chloride de-icing granules for highway and parking lot applications is anticipated to drive market growth. These granules are highly effective at melting ice and snow, and they are less corrosive than traditional salt-based de-icing agents. Moreover, the growing awareness of the environmental impact of salt-based de-icing agents is expected to further boost the demand for magnesium chloride de-icing granules.
Geographically, North America is the largest market for magnesium chloride de-icing granules, while the Asia Pacific region is expected to witness the highest growth rate over the forecast period. The United States is the largest consumer of magnesium chloride de-icing granules in North America, and this trend is expected to continue in the coming years. The growing demand for magnesium chloride de-icing granules in the Asia Pacific region is being driven by the increasing number of winter weather events and the growing population in the region. The key players in the global magnesium chloride de-icing granule market include Snow & Ice Salt & Chemicals Unlimited, LLC, Peters Chemical Company, Ninja De-Icer, Jinzhou Sata Fused Fluxes and New Materials Factory, Chemical Equipment Labs, Knight Chemicals, Zhengzhou Hoo Chemtec Co., Ltd, Buckman's Inc., East Coast Salt Distribution Inc., and Schoenberg Salt & Chemical.
In the global magnesium chloride de-icing granule industry, the projected consumption value for 2023 is estimated at 200 million metric tons. The industry is anticipated to maintain a steady growth trajectory over the forecast period, reaching 250 million metric tons by 2028, with a CAGR of 2.5%.
The growth of the magnesium chloride de-icing granule industry is primarily driven by increasing demand for effective and environmentally friendly de-icing solutions. Magnesium chloride offers several advantages over traditional de-icing agents such as sodium chloride, including its lower corrosive nature and higher melting point, making it ideal for use in areas with severe winter conditions. Furthermore, the rise in environmental concerns has increased the adoption of magnesium chloride as it has minimal impact on water bodies and vegetation.
Despite its advantages, the magnesium chloride de-icing granule industry faces certain challenges and restraints. The higher cost of magnesium chloride compared to sodium chloride can limit its widespread adoption. Moreover, the availability of low-cost alternatives and the potential for corrosion issues in metal structures can hinder industry growth.
Key Regions:
Key Segment:
Anhydrous Magnesium Chloride: 120 million metric tons (2023)
Dominated by North American and European markets due to the extensive use of magnesium chloride for de-icing in cold regions.
The anhydrous form is preferred due to its higher efficiency and ease of transportation.
This report provides a comprehensive analysis of the global magnesium chloride de-icing granule market, including key market trends, driving forces, challenges, and restraints. It also offers insights into the key regions, segments, and leading players in the industry. The report includes detailed data on consumption, production, prices, and market forecasts for the period 2023-2028.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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