Magnesium Carbonate Market Expected to Reach USD 0.48 Billion by 2032 | Growing at a CAGR of 4.8%

Market Research Future (MRFR) has published a cooked research report on the “Global Magnesium Carbonate Market” that contains information from 2018 to 2032. The magnesium carbonate market is estimated to register a CAGR of 4.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global magnesium carbonate market— Buschle & Lepper S.A., Graymont Limited, Hebei Meishen Technology Co.,Ltd, Konoshima Chemical Co., Ltd., Kyowa Chemical Industry Co., Ltd., Lehmann&Voss&Co., Lhoist Group, Naikai Salt Industries Co., Ltd., Nittetsu Mining Co., Ltd., and NUOVA SIMA Srl.

Magnesium Carbonate Market Highlights

The global magnesium carbonate market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 0.48 billion by 2032.

The growing demand for magnesium carbonate in pharmaceuticals, cosmetics, and food additives sectors fuels market expansion. The advancements in manufacturing processes and product formulations enhance the versatility and applicability of magnesium carbonate, further boosting its demand across industries. Furthermore, increasing construction activities globally, coupled with stringent safety regulations, drive the adoption of magnesium carbonate-based materials for fire-resistant applications. Collectively, these drivers propel the growth of the magnesium carbonate market, with further opportunities emerging as industries innovate and explore new applications for this versatile compound.

Segment Analysis

The global magnesium carbonate market has been segmented based on product type, application type, and end-use.

On the basis of product type, the market is segmented into heavy magnesium carbonate, light magnesium carbonate, and others. The light magnesium carbonate segment was attributed to holding the largest market share in 2022. Light magnesium carbonate's sales are driven by the pharmaceutical industry's increasing need for it, mainly as an antacid and excipient.

Based on application type, the global magnesium carbonate market has been segmented into additive & filler, smoke suppressant, reinforcing agent, drying agent, antacid, whitening agent, and others. The antacid segment was expected to hold the largest market share in 2022. The need for efficient antacid drugs is increased by the frequency of gastrointestinal conditions including indigestion and acid reflux. Furthermore, the need for antacid treatments is being driven by the increase in gastrointestinal problems associated with ageing.

Based on end-use, the global magnesium carbonate market has been segmented into pharmaceutical, food & beverage, waterproofing, walls & panels, concrete, and others. The pharmaceutical segment was expected to hold the largest market share in 2022. The need for drugs and treatments is rising due to the rising incidence of age-related health problems and chronic illnesses as well as the expanding worldwide population.

Regional Analysis

The global magnesium carbonate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe magnesium carbonate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The magnesium carbonate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World magnesium carbonate market comprises of Middle East, Africa, and Latin America.

The sales of magnesium carbonate in North America are expected to increase due to rising demand in the pharmaceutical sector, driven by the aging population and increasing health consciousness. Furthermore, the growing trend towards natural and organic cosmetics in the region boosts the demand for magnesium carbonate as a key ingredient. Additionally, the construction industry's focus on sustainable and eco-friendly materials drives the adoption of magnesium carbonate-based products for various applications.

In Europe, the sales of magnesium carbonate are poised to rise owing to stringent regulations promoting its use in pharmaceuticals and food additives. The region's emphasis on sustainability and eco-friendliness drives the demand for magnesium carbonate-based construction materials for green building initiatives. Additionally, the increasing popularity of plant-based and vegetarian diets fuels the demand for magnesium carbonate as a natural mineral supplement in food and beverage products.

The Asia Pacific region is witnessing an uptick in the sales of magnesium carbonate due to the booming pharmaceutical industry, driven by the region's large and growing population. Furthermore, the rapid urbanization and infrastructure development in countries like China and India propel the demand for magnesium carbonate-based materials in construction applications. Additionally, the increasing disposable income and changing lifestyles in the region drive the demand for cosmetics and personal care products containing magnesium carbonate.

Furthermore, in the rest of the world, the sales of magnesium carbonate are expected to increase as the demand for fire-resistant materials rises in regions prone to wildfires, such as parts of Africa and South America. Additionally, the expanding food and beverage industry in regions like the Middle East and Latin America drives the demand for magnesium carbonate as a food additive and acidity regulator. Furthermore, the growing awareness of health and wellness products in these regions boosts the demand for magnesium carbonate-based supplements and pharmaceuticals.

Key Findings of the Study

• The global magnesium carbonate market is expected to reach USD 0.48 billion by 2032, at a CAGR of 4.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to rapid urbanization and infrastructure development.


• Based on product type, the light magnesium carbonate segment was attributed to holding the largest market in 2022, with an approximate market share of 60%–65%.


• Buschle & Lepper S.A., Graymont Limited, Hebei Meishen Technology Co.,Ltd, Konoshima Chemical Co., Ltd., Kyowa Chemical Industry Co., Ltd., Lehmann&Voss&Co., Lhoist Group, Naikai Salt Industries Co., Ltd., Nittetsu Mining Co., Ltd., and NUOVA SIMA Srl.