• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    Magnesium Carbonate Market

    ID: MRFR/CnM/17654-HCR
    111 Pages
    Anshula Mandaokar
    September 2025

    Magnesium Carbonate Market Research Report Information By Product Type (Heavy Magnesium Carbonate, Light Magnesium Carbonate, and Others), By Application Type (Additive & Filler, Smoke Suppressant, Reinforcing Agent, Drying Agent, Antacid, Whitening Agent, and Others), By End-Use (Pharmaceutical, Food and Beverage, Waterproofing, Walls & Panels, Concrete, and Others), By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2034

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Magnesium Carbonate Market Research Report - Global Forecast by 2034 Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    Magnesium Carbonate Market Summary

    As per Market Research Future Analysis, the Global Magnesium Carbonate Market was valued at USD 0.35 Billion in 2024 and is projected to grow to USD 0.55 Billion by 2034, with a CAGR of 4.80% from 2025 to 2034. The growth is driven by increasing demand in the pharmaceutical sector and rising usage as food additives. The light magnesium carbonate segment leads the market, accounting for 62% of revenue, primarily due to its applications in pharmaceuticals as an antacid and excipient. The pharmaceutical end-use segment generated 43% of market income, reflecting the growing prevalence of chronic diseases and age-related health issues. North America dominates the market, supported by stringent regulations and demand for specialty construction materials. Europe follows, with significant applications in food and beverage industries. The Asia-Pacific region is expected to grow at the fastest CAGR, driven by pharmaceutical manufacturing and construction activities.

    Key Market Trends & Highlights

    Key trends driving the magnesium carbonate market include increasing pharmaceutical applications and growing healthcare concerns.

    • Pharmaceutical industry accounts for 43% of market revenue, driven by chronic diseases and aging population.
    • Light magnesium carbonate holds 62% market share, primarily used as an antacid and excipient.
    • North America is the largest market, influenced by regulatory standards and demand for fire-resistant materials.
    • Asia-Pacific expected to grow fastest, fueled by pharmaceutical manufacturing and construction activities.

    Market Size & Forecast

    2024 Market Size USD 0.35 Billion
    2034 Market Size USD 0.55 Billion
    CAGR (2025-2034) 4.80%

    Major Players

    Key players include Buschle & Lepper S.A., Graymont Limited, Hebei Meishen Technology Co., Ltd., Konoshima Chemical Co., Ltd., and Kyowa Chemical Industry Co., Ltd.

    Magnesium Carbonate Market Trends

      • Growing demand in pharmaceutical industry is driving the market growth

    Market CAGR highlights the pivotal role of expanding applications in pharmaceuticals, cosmetics, and construction industries in propelling the magnesium carbonate market's growth. The pharmaceutical industry stands as a cornerstone of modern healthcare, continually evolving to meet the diverse needs of populations. Within this dynamic sector, the demand for magnesium carbonate has experienced a notable surge, playing a pivotal role in driving market growth. This upsurge can be attributed to several factors, each contributing to the escalating reliance on magnesium carbonate within pharmaceutical applications.

    As gastrointestinal disorders and related ailments continue to afflict millions worldwide, the need for effective remedies remains paramount. Magnesium carbonate, with its ability to neutralize excess stomach acid and alleviate symptoms of heartburn and indigestion, has emerged as a preferred choice among healthcare professionals and consumers alike. Its gentle yet reliable action makes it suitable for a broad spectrum of patients, further fueling its demand across diverse demographics.

    Furthermore, the growing prevalence of lifestyle-related conditions, such as acid reflux and constipation, has intensified the reliance on magnesium carbonate-based medications. As dietary habits and sedentary lifestyles contribute to these health concerns, pharmaceutical formulations incorporating magnesium carbonate offer a convenient and efficacious solution for managing symptoms and improving overall well-being.

    Moreover, the aging population has ushered in a new era of healthcare challenges, marked by a heightened incidence of gastrointestinal disorders among the elderly. With age-related changes in digestion and metabolism exacerbating these conditions, the demand for magnesium carbonate as a safe and reliable therapeutic agent has witnessed a notable upswing. Its mild yet effective action makes it well-suited for geriatric patients, driving its incorporation into pharmaceutical formulations tailored to meet the unique needs of this demographic.

    In addition to its direct therapeutic applications, magnesium carbonate's role as an excipient in pharmaceutical formulations further bolsters its demand. Its inert nature and compatibility with a wide range of active ingredients make it a preferred choice for enhancing the stability, bioavailability, and overall performance of various drug formulations. The growing demand for magnesium carbonate within the pharmaceutical industry reflects its indispensable role in addressing prevalent health concerns and catering to evolving healthcare needs.

    As research continues to unveil its therapeutic potential and formulation versatility, the market for magnesium carbonate is poised for sustained expansion, propelled by its pivotal contributions to pharmaceutical innovation and patient care.

    For instance, Konoshima Chemical and Stauber USA have established a partnership 30 years ago and still partners to supply top-quality raw materials, including magnesium oxide, magnesium carbonate, and magnesium hydroxide. Thus, such long term partnership is driving the magnesium carbonate market revenue.

    The global magnesium carbonate market appears to be experiencing a notable shift towards increased demand in various industrial applications, driven by its versatility and essential role in sectors such as construction and pharmaceuticals.

    U.S. Geological Survey

    Magnesium Carbonate Market Drivers

    Market Growth Projections

    Expansion of Construction Sector

    The Global Magnesium Carbonate Market Industry is positively influenced by the expansion of the construction sector. Magnesium carbonate is utilized in various construction materials, including fireproofing agents and insulation products. As urbanization accelerates worldwide, the demand for construction materials is likely to surge. This growth is expected to drive the consumption of magnesium carbonate, as it enhances the properties of construction materials. The industry's growth potential is further supported by the projected compound annual growth rate of 4.64% from 2025 to 2035, indicating a sustained demand for magnesium carbonate in construction applications.

    Rising Demand in Pharmaceuticals

    The Global Magnesium Carbonate Market Industry experiences a notable increase in demand from the pharmaceutical sector. Magnesium carbonate is utilized as an antacid and laxative, contributing to its growing popularity. The rising prevalence of gastrointestinal disorders globally drives this demand. In 2024, the market is projected to reach 0.35 USD Billion, reflecting the pharmaceutical industry's need for effective treatments. As healthcare systems evolve and prioritize patient care, the demand for magnesium carbonate in drug formulations is likely to expand, indicating a robust growth trajectory for the industry.

    Growth in Food and Beverage Applications

    The Global Magnesium Carbonate Market Industry benefits from its application in the food and beverage sector, where it serves as a food additive and anti-caking agent. With increasing consumer awareness regarding food quality and safety, manufacturers are incorporating magnesium carbonate to enhance product stability. This trend is particularly evident in processed foods and dietary supplements. As the market evolves, the demand for magnesium carbonate in food applications is expected to rise, contributing to the industry's projected growth. The anticipated increase in market value to 0.58 USD Billion by 2035 underscores this trend.

    Technological Advancements in Production

    The Global Magnesium Carbonate Market Industry is witnessing technological advancements in production processes, which enhance efficiency and reduce costs. Innovations in extraction and processing techniques allow for higher purity levels and better product quality. These advancements not only improve the competitiveness of magnesium carbonate but also expand its applications across various industries. As production methods evolve, the industry is likely to see an increase in supply, meeting the growing global demand. This trend suggests a favorable outlook for the market, as companies adopt new technologies to streamline operations and enhance profitability.

    Environmental Regulations and Sustainability

    The Global Magnesium Carbonate Market Industry is increasingly influenced by environmental regulations and sustainability initiatives. As governments worldwide implement stricter environmental policies, industries are seeking eco-friendly alternatives. Magnesium carbonate, being a naturally occurring mineral, aligns with these sustainability goals. Its use in various applications, from agriculture to construction, is seen as a more environmentally responsible choice. This shift towards sustainable practices is likely to drive demand for magnesium carbonate, as companies prioritize compliance with regulations and consumer preferences for greener products. The industry's adaptability to these trends may enhance its market position.

    Market Segment Insights

    Magnesium Carbonate Product Type Insights

    The magnesium carbonate market segmentation, based on product type includes heavy magnesium carbonate, light magnesium carbonate, and others. The light magnesium carbonate segment dominated the market, accounting for 62% of market revenue (0.20 Billion). The growing demand for light magnesium carbonate in the pharmaceutical sector, primarily as an antacid and excipient propels its sales. Furthermore, with rising healthcare concerns globally and an increasing emphasis on effective treatment options, the pharmaceutical industry's reliance on magnesium carbonate is expected to drive significant growth within this segment.

    Figure 1: Magnesium Carbonate Market, by Product Type, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Magnesium Carbonate Application Type Insights

    The magnesium carbonate market segmentation, based on application type, includes additive & filler, smoke suppressant, reinforcing agent, drying agent, antacid, whitening agent, and others. The antacid category generated the most income (34%). The prevalence of gastrointestinal disorders, such as acid reflux and indigestion escalates the demand for effective antacid medications. Additionally, the rising age-related gastrointestinal issues is also driving the need for antacid solutions.

    Magnesium Carbonate End-Use Insights

    The magnesium carbonate market segmentation, based on end-use, includes pharmaceutical, food & beverage, waterproofing, walls & panels, concrete, and others. The pharmaceutical category generated the most income (43%). The increasing prevalence of chronic diseases and age-related health issues, coupled with a growing population, is driving up the demand for medications and treatments. Furthermore, ongoing research and development efforts in the pharmaceutical industry to create huge demand for pharmaceuticals.

    Get more detailed insights about Magnesium Carbonate Market Research Report - Global Forecast by 2034

    Regional Insights

    By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American magnesium carbonate market area will dominate this market, due to stringent regulatory standards promoting its use in pharmaceuticals, coupled with rising demand for specialty construction materials incorporating fire-resistant additives.

    Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: MAGNESIUM CARBONATE MARKET SHARE BY REGION 2022 (USD Billion)MAGNESIUM CARBONATE MARKET SHARE BY REGION 2022Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Europe magnesium carbonate market accounts for the second-largest market share owing to its expanding applications in food and beverage industries for acidity regulation, alongside a growing trend towards eco-friendly and sustainable construction practices utilizing magnesium carbonate-based materials. Further, the German magnesium carbonate market held the largest market share, and the UK magnesium carbonate market was the fastest growing market in the European region

    The Asia-Pacific magnesium carbonate market is expected to grow at the fastest CAGR from 2023 to 2032. In the Asia-Pacific region, the sales of magnesium carbonate are expected to increase driven by a surge in pharmaceutical manufacturing to cater to the region's large and aging population, alongside escalating construction activities necessitating fireproofing solutions utilizing magnesium carbonate. Moreover, China’s magnesium carbonate market held the largest market share, and the Indian magnesium carbonate market was the fastest growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players in the magnesium carbonate market are continually striving to maintain their competitive edge through strategic initiatives and innovation. These industry giants are investing in research and development to enhance product quality and expand their product portfolios, catering to evolving customer demands. Market developments such as mergers, acquisitions, and collaborations are frequent, as companies seek to leverage synergies and strengthen their market positions. Additionally, partnerships with research institutions and universities are fostering advancements in manufacturing processes and product formulations, driving further growth and competitiveness in the market.

    Within the magnesium carbonate industry, the competitive landscape is characterized by intense rivalry among key players vying for market share. Market developments such as technological advancements and product innovations are reshaping the industry landscape, with a focus on sustainability and environmental responsibility gaining prominence. As the magnesium carbonate industry navigates regulatory challenges and market dynamics, leading market players are adopting proactive strategies to capitalize on emerging opportunities and mitigate risks. Overall, the magnesium carbonate industry remains dynamic and competitive, with continuous innovation and strategic collaborations shaping its future trajectory.

    Major players in the magnesium carbonate market, including Buschle & Lepper S.A., Graymont Limited, Hebei Meishen Technology Co.,Ltd, Konoshima Chemical Co., Ltd., Kyowa Chemical Industry Co., Ltd. and others, are attempting to increase market demand by investing in research and development operations.

    Buschle & Lepper S.A. is a renowned player in the magnesium carbonate market, known for its commitment to quality and innovation. With decades of experience, the company has established itself as a trusted supplier of magnesium carbonate products globally. Buschle & Lepper S.A. prides itself on its state-of-the-art manufacturing facilities and stringent quality control measures, ensuring consistency and reliability in its product offerings. The company's diverse portfolio caters to various industries, including pharmaceuticals, cosmetics, and construction, meeting the unique needs of its customers.

    Through continuous research and development efforts, Buschle & Lepper S.A. remains at the forefront of market trends, driving growth and delivering value to its stakeholders.

    Konoshima Chemical Co., Ltd. is a leading manufacturer in the magnesium carbonate industry, renowned for its unwavering commitment to innovation and sustainability. With a rich heritage spanning decades, the company has established itself as a key player in the market, delivering high-quality magnesium carbonate products to a diverse customer base. Konoshima Chemical Co., Ltd. leverages advanced technologies and cutting-edge manufacturing processes to ensure product excellence and consistency. The company's dedication to environmental stewardship is reflected in its eco-friendly production practices and emphasis on resource efficiency.

    With a strong focus on customer satisfaction and market responsiveness, Konoshima Chemical Co., Ltd. continues to drive growth and shape the future of the magnesium carbonate industry.

    Key Companies in the Magnesium Carbonate Market market include

    Industry Developments

    February 2023: Camino announced a partnership with Japan’s Nittetsu at the Los Chapitos copper project in Peru. Following Nittetsu's acquisition of a 35% interest, the parties had established a joint venture, with Camino retaining its role as the project operator.

    September 2023: Lehmann & Voss announced the relocation of their Lehvoss New Material (Kunshan) production facility and technology center in China to expanded premises within the Kunshan German Industrial Park. With the move, Lehvoss New Material now boasts a spacious area of 5,000 m² for production operations and its technical center, marking a doubling in size from its previous facilities.

    Q2 2024: ICL to expand magnesium carbonate production capacity in Israel ICL announced the expansion of its magnesium carbonate production facility in Israel to meet growing demand from the pharmaceutical and construction sectors. The project is expected to increase annual output by 20% and create new jobs in the region.

    Q3 2024: Grecian Magnesite inaugurates new calcined magnesium carbonate plant in Greece Grecian Magnesite SA officially opened a new calcined magnesium carbonate production plant in Chalkidiki, Greece, enhancing its supply capabilities for European and global customers in the specialty chemicals and construction industries.

    Q1 2025: ICL Group appoints new CEO to lead specialty minerals division ICL Group announced the appointment of Dr. Yael Cohen as CEO of its specialty minerals division, which includes the magnesium carbonate business, effective March 2025.

    Q2 2025: Kyowa Chemical Industry launches high-purity magnesium carbonate for pharmaceutical applications Kyowa Chemical Industry Co. introduced a new high-purity magnesium carbonate product designed for use in pharmaceutical formulations, targeting increased demand for antacids and mineral supplements.

    Q2 2025: Omya announces partnership with European distributor for magnesium carbonate products Omya AG entered into a distribution partnership with a leading European chemicals distributor to expand the reach of its magnesium carbonate products in the food and personal care sectors.

    Q3 2025: Garrison Minerals secures supply contract with major US construction firm Garrison Minerals signed a multi-year supply contract to provide magnesium carbonate for use in fire-retardant building materials to a top US construction company.

    Q1 2024: Magnesita Refractories invests in new magnesium carbonate processing line Magnesita Refractories announced a $30 million investment in a new magnesium carbonate processing line at its Brazilian facility, aiming to boost output for the steel and cement industries.

    Q4 2024: Euro Manganese signs agreement to supply magnesium carbonate by-product to European buyers Euro Manganese reached a supply agreement with several European industrial buyers for magnesium carbonate by-product from its Czech Republic operations, emphasizing the product's low CO2 footprint.

    Q2 2025: ICL Group receives regulatory approval for new magnesium carbonate grades in Japan ICL Group obtained regulatory approval from Japanese authorities to market new grades of magnesium carbonate for use in food and pharmaceutical applications.

    Q1 2025: China Magnesium Corporation completes acquisition of regional magnesium carbonate producer China Magnesium Corporation finalized the acquisition of a regional magnesium carbonate producer, expanding its resource base and production capacity in Asia.

    Q3 2024: Kyowa Chemical Industry opens R&D center focused on magnesium carbonate innovation Kyowa Chemical Industry Co. inaugurated a new research and development center in Japan dedicated to advancing magnesium carbonate applications in pharmaceuticals and specialty chemicals.

    Q2 2024: ICL Group signs long-term supply agreement with global sports equipment brand ICL Group entered into a long-term agreement to supply magnesium carbonate for use in athletic chalk to a leading global sports equipment manufacturer.

    Future Outlook

    Magnesium Carbonate Market Future Outlook

    The Global Magnesium Carbonate Market is projected to grow at a 4.64% CAGR from 2024 to 2035, driven by increasing demand in pharmaceuticals, food additives, and environmental applications.

    New opportunities lie in:

    • Develop eco-friendly magnesium carbonate production methods to attract sustainability-focused clients.
    • Expand applications in the food industry, particularly as a food additive and anti-caking agent.
    • Invest in R&D for innovative uses in the construction sector, enhancing material properties.

    By 2035, the market is expected to demonstrate robust growth, reflecting evolving industry demands and technological advancements.

    Market Segmentation

    Magnesium Carbonate Regional Outlook

    North America
    • US
    • Canada

    Magnesium Carbonate End-Use Outlook

    • Pharmaceutical
    • Food & Beverage
    • Waterproofing
    • Walls & Panels
    • Concrete
    • Others

    Magnesium Carbonate Product Type Outlook

    • Heavy Magnesium Carbonate
    • Light Magnesium Carbonate
    • Others

    Magnesium Carbonate Application Type Outlook

    • Additive & Filler
    • Smoke Suppressant
    • Reinforcing Agent
    • Drying Agent
    • Antacid
    • Whitening Agent
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 0.35 Billion
    Market Size 2025 USD 0.36 Billion
    Market Size 2034 USD 0.55 Billion
    Compound Annual Growth Rate (CAGR) 4.80% (2025-2034)
    Base Year 2024
    Market Forecast Period 2025-2034
    Historical Data 2020-2024
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Product Type, Application Type, End-Use, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled 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.
    Key Market Opportunities Growing demand in pharmaceuticals and expansion of cosmetics sector
    Key Market Dynamics Ongoing innovations in manufacturing processes and rising food additives usage

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

    Leave a Comment

    FAQs

    How much is the magnesium carbonate market?

    The Magnesium Carbonate market size was valued at USD 0.32 Billion in 2022.

    What is the growth rate of the magnesium carbonate market?

    The market is projected to grow at a CAGR of 4.80% during the forecast period, 2025-2034.

    Which region held the largest market share in the magnesium carbonate market?

    North America had the largest share in the market

    Who are the key players in the magnesium carbonate market?

    The key players in the market are 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

    Which product type led the magnesium carbonate market?

    The light magnesium carbonate category dominated the market in 2022.

    Which application type had the largest market share in the magnesium carbonate market?

    The antacid had the largest share in the market.

    Magnesium Carbonate Market Research Report - Global Forecast by 2034 Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials